Home / Tech News / Malt raises $28 million to expand its European freelance platform

Malt raises $28 million to expand its European freelance platform

Paris-based Malt has raised $28 million in mission capital because it plans growth of its freelance platform into Germany and the Netherlands.

The corporate has attempted to simplify the method of being a freelancer in a rustic the place inflexible financial and bureaucratic methods make operating independently daunting. Malt supplies a spread of registration services and products, monetary strengthen reminiscent of insurance coverage, and a market to search out gigs with one in every of its 15,000 company companions.

“We imagine the large B2B staffing marketplace has best simply began its transformation, however we’ve reached a tipping level the place the most productive mavens are actually freelancers,” stated Malt CEO and co-founder Vincent Huguet in a remark. “Corporations should adapt to this new fact in a context through which ability is difficult to come back by means of. Their capability to innovate depends on it.”

Huguet co-founded the corporate in 2014 with Hugo Lassiège. The freelance marketplace has been slower to expand in France, however has belatedly started to develop lately. Malt notes that there are about 930,000 freelancers in France as of September 2018, up from 830,000 in early 2017.

Having established itself and France and introduced in Spain, the corporate now has 100 staff in Paris, Lyon and Madrid and hopes to develop to 200 this yr. That can come with plans for the brand new places of work in Germany and Netherlands.

Idinvest Companions led the spherical, which additionally incorporated cash from earlier buyers ISAI and Serena. The corporate has now raised a complete of $36 million.

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