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Paris-based startup Malt has just undergone a capital infusion of €25 million from an investment round led by Idinvest Partners. Other participants involved in the round include existing investors ISAI and Serena.
Now, the startup has managed to bring its total funding to €32 million since its inception. The startup provides a platform for freelancers to serve businesses with their expertise.
Malt – a talent pool of freelancers
Malt enables big corporate companies to hire freelancers for specialised tasks. Companies get benefited with the quality work as per their requirements without hiring permanent employees.
On the other hand, freelancers are provided with regular freelancing jobs from multiple companies. Besides, Malt facilitates freelancers with all the intricate admin process, health coverage, insurance and grievance redressals.
The companies rate freelancers with their feedbacks after every assignment so that further hiring remains efficient for companies.
CAC40 companies work with Malt
Founded in 2014 by Vincent Huguet and Hugo Lassiège, Malt currently boards 100,000 freelancers on its platform. With over 100 employees, the startup maintains offices in Paris, Lyon, and Madrid. Malt has partnered with 15,000 companies including France’s top 40 public companies.
Malt CEO and co-founder Vincent Huguet elucidated, “We believe the gigantic B2B staffing market has only just started its transformation, but we’ve reached a tipping point where the best experts are now freelancers. Companies must adapt to this new reality in a context in which talent is hard to come by. Their capacity to innovate relies on it.”
Next: Germany and the Netherlands
As per the latest reports, there are 930,000 freelancers in France as of September 2018. The data is quite similar in other European countries. With the latest funding, Malt is looking forward to expand its platform across Europe. For the time being, Germany and the Netherlands will be in priority.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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Freelancing popularity grows despite all the difficulties (such as high competition and charges, cheaters and communication problems). Good that new good websites appear so often. Only in 2019 there are Freelance Myway, FreeeUp, Beesy.pro, Remote.com, Work Market and now Malt! Keep her steady!
Good thoughts. I’ve worked as a freelance programmer for quite some time, back when Odesk was the thing and even before that, but started to realise that new kids offer something that old platforms don’t seem to care about cause they’re so big and famous. Insolvo for one claims that they use AI that helps to get a better client-pro match. Donno if it’s a gimmick but so far seems to work just fine!