Home Uncategorized Freelance marketplace Malt raises $97m to support European development

Freelance marketplace Malt raises $97m to support European development


How can freelancers fill the digital skills gap? free your people

  • Founded in 2013, Malt is an independent marketplace that matches freelancers with technical skills with employers in need of support on projects.
  • Malt has now raised $97m. The funds will be used to develop its platform as well as expand its business across Europe.

COVID-19 has fundamentally disrupted the way we work and has accelerated digital transformation which was already running.

Paris-Headquartered Freelance Consulting Marketplace Malto We believe that to continue to benefit from this digital transformation, companies will increasingly rely on outsourcing elements of their projects to external consultants and freelance technical talent. This is particularly relevant as studies show that COVID-19 has exposed and widened employers. digital skills gap.

To this end, Malt has raised €80 million ($97 million) from Goldman Sachs Growth Equity and Eurozia, as well as from existing investors Isai and Serena. According to techcrunch, bringing its valuation to €400 million ($498 million).

The funding will be used to further develop Malt’s digital freelance marketplace, which connects freelance consultants, developers, designers and others with the technical skills to support employers in need of short- and medium-term support.

In addition, Malt continues to expand its freelance business into more markets. The platform is currently available in France, Germany and Spain – where it claims it has added 250,000 freelancers and 30,000 employers – but now it wants to move to the UK as well as the Benelux countries.

In the future, the company also has ambitions to expand in the US.

Vincent Huguet, CEO and Co-Founder of Malt commented: “At Malt, we aim to give companies direct access to the world’s pool of most qualified and talented freelancers, who can help them take their business to the next level. can.”

In an interview with TechCrunch, Hughett said: “We’re going after people who charge a few hundred dollars per day and linking them to medium and large sized companies.”

He continued: “You as the employer look for a specific freelancer. You do not post a specific task for freelancers to respond to.”

Alexandre Flavier, Executive Director, Goldman Sachs Growth Equity, said: “We are delighted to support Malt to create a leading freelance marketplace in Europe.

“Malt is at the forefront of the future of work, fostering agility, innovation, impact, freedom of choice, making freelancing simpler and more reliable.

“We are excited to partner with the founders of Malt, empowering our community of highly skilled freelancers and giving companies access to the best freelance talent in the world.”

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