It takes a long time in the freelancer marketplace industry. Comatch is a marketplace focused on consultants and industry experts. Malt is doubling down on the German market with this acquisition. The deal involves a mix of cash and equity.
The marketplace started as a place for companies to find and match talent with workers. The startup has raised a lot of money and has been able to attract a lot of people.
Over the past few years, Malt has expanded to Germany, Spain, Belgium, the Netherlands and Switzerland. Over 40,000 companies have used Malt to find a freelancer.
Some of the clients are: Bosch, BlaBlaCar, L, and Allianz. A lot of large companies have used Malt.
When a new project comes up, Malt focuses on high-skilled freelancing jobs that can fill a gap. Marketing and communications professionals, graphic designers and more are now available at Malt.
When you don't have a big network of potential clients, using a platform like Malt can be useful. The administrative paperwork is taken care of by Malt. Freelancers can charge their clients directly from Malt, and the company takes a small cut.
The company follows the same model, but with a specific focus on management consultants and industry experts. Business consultants have not been specifically targeted by Malt so far. The company is entering a new field.
Co match is a champion in the field of business consulting marketplaces. We are eager and excited to bring our two worlds of high-skilled work to each other.
Malt wants to become the go-to freelancer marketplace in Europe. 80% of publicly traded companies on the CAC 40 and the DAX 40 work with two companies that have attracted 15,000 freelancers. Co match is an interesting growth opportunity.
Malt has an ambitious goal after this acquisition. The company expects to generate 1 billion in business volume by the year 2024. By the end of 2022, Malt plans to hire 150 more employees.
Malt raises $97M at a $489M valuation for its freelance marketplace for developers
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