Malt Valuation, Funding & Investors

Malt is valued at $489M as of May 2021.

See full Malt profile

Last Malt valuation

$489M

Series C · May 2021

Last Malt funding round

$61M

Series D · Jul 2022

Cumulative funding Malt raised

$195M

across 6 funding rounds

Key investors in Malt

  • Isai
  • Eurazeo
  • Serena
  • Goldman Sachs Growth Equity
  • Bpifrance
  • Idinvest Partners

Malt Overview

About Malt

Malt is a digital platform headquartered in Barcelona, Spain, connecting freelancers with businesses in creative and tech fields. Operating in France and Spain with expansion to Italy and Germany by 2018, Malt features freelancer profiles with portfolios, client testimonials, and skill filters for developers, designers, and marketers. The service manages legal contracts, AXA insurance during projects, and secure payments. Companies like Deezer and BlaBlaCar use Malt to hire talent, bypassing traditional agencies for fixed-price missions.


Founded

2013

HQ

FranceParis

Website

malt.com

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Commission

Valuation

$489M (May 2021)

Malt Valuation

Malt is currently valued at $489M, based on its Series C in May 2021.

The $98M round was led by Eurazeo and Goldman Sachs Growth Equity.

Malt valuation by funding round

Malt valuation by funding round
DateStageValuation
May 2021Series C$489M

Malt Funding History

Malt has raised a total of $195M across 6 funding rounds.

Malt's first fundraising round was a $800K seed round in April 2014. The most recent completed round was a $61M Series D in July 2022.

Malt funding rounds

Malt funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2022Series DBpifrance; Eurazeo; Goldman Sachs Growth Equity$61M--
May 2021Series CEurazeo (lead); Goldman Sachs Growth Equity (lead)$98M$489MMalt is a France-based freelancer marketplace that connects companies with local contractors such as developers, designers, project managers, and data scientists for fixed-term job opportunities. At the time of the Series B round on May 31, 2021, Malt had 160,000 registered project owners, 250,000 freelancers, partnerships with 30,000 companies including McKinsey, Unilever, BlaBlaCar, L’Oréal, Lufthansa, Bosch, and Allianz, and 200 employees operating in France, Spain, and Germany. The €80M ($97-98M) funding round was led by Eurazeo and Goldman Sachs Growth Equity, with participation from Serena Capital and ISAI, valuing the company at €400M ($489M post-money). Funds were allocated to invest in the product and tech platform, expand into new countries like Benelux, the U.K., and Italy, and pursue acquisitions to accelerate growth as a global leader in freelance consulting. Malt expected to double its revenue in 2021 and aimed for a business volume of one billion euros by 2024, capitalizing on the freelance platform market projected to grow at a 15.9% CAGR to $5.03B by 2025, driven by digitization, remote work, and reduced infrastructure spending. The company positioned itself at the forefront of the future of work, promoting agility and access to top freelance talent.
Feb 2019Series BIdinvest Partners (lead); Serena; Isai$29M-Malt is a SaaS-enabled marketplace connecting freelancers with companies seeking to outsource tasks, providing dashboards for financial and juridical tracking, key account managers, and integration services for enterprises, while automating billing, insurance, and escrow for freelancers. In February 2019, Malt raised $28.6 million (approximately €25 million) in a funding round led by Idinvest Partners, with participation from prior investors including Isai and Serena. This round was part of a busy month for Idinvest, which participated in six deals ranging from seed to Series C, highlighting foreign investor activity in French startups alongside business angels.
Dec 2016Series ASerena (lead); Isai$5M--
May 2015SeedIsai (lead)$2M--
Apr 2014SeedKerala Ventures (lead)$800K--

Who has invested in Malt?

7 investors have backed Malt across its funding rounds, including Isai, Eurazeo, Serena, Goldman Sachs Growth Equity, Bpifrance and Idinvest Partners.

Lead investors include Eurazeo, Goldman Sachs Growth Equity, Idinvest Partners, Serena, Isai and 1 other investor.


Malt Investors

Investors in Malt by funding rounds participated
InvestorHQRoundsRoleFirst check
IsaiFranceParis3LeadMay 2015
SerenaFranceParis2LeadDec 2016
EurazeoFranceFrance2LeadMay 2021
Goldman Sachs Growth EquityUnited StatesNew York City, NY2LeadMay 2021
Kerala VenturesFranceParis1LeadApr 2014

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Malt Competitors

Malt competitors include listed companies like DIP and ZIGExN, and private ones like Instawork, Kickstarter, Passage and InterviewBit.

Public and private companies comparable to Malt
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
InstaworkUnited StatesSan Francisco, CAPrivate$100M-$760M-
KickstarterUnited StatesNew York City, NYPrivate--$400M-
DIPJapanJapanPublicly listed$353M$85M$623M1.5x
PassageCanadaTorontoPrivate--$657M-
InterviewBitIndiaBangalorePrivate--$710M-
ZIGExNJapanJapanPublicly listed$188M$38M$290M1.2x

Malt Public Comps

Malt is still privately-owned, but its public comps include Wirtualna Polska, eDreams ODIGEO, trivago, Gloo, ZKH Group, En, Nerdwallet, Hypoport, Stitch Fix and Maoyan Entertainment.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wirtualna Polska$585M$102M1.4x1.3x8.1x5.6x
eDreams ODIGEO$770M$161M1.1x1.1x5.4x5.3x
trivago$632M$13M0.5x0.5x24.3x10.9x
Gloo$95M($136M)5.0x3.0x(3.5x)(11.4x)
ZKH Group$1.3B($19M)0.2x0.2x(13.6x)33.7x
En$380M$45M0.7x0.8x6.2x5.5x
Nerdwallet$837M$112M0.6x0.6x4.7x3.6x
Hypoport$694M$78M0.8x0.8x6.9x6.8x

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Common questions about Malt

When was Malt founded?Malt was founded in 2013.
Where is Malt headquartered?Malt is headquartered in Paris, France.
Is Malt publicly listed?No, Malt is a private, VC-backed company.
What is Malt's valuation?Malt was last valued at $489M in its Series C in May 2021.
How much funding has Malt raised?Malt has raised $195M across 6 funding rounds.
What was Malt's last funding round?Malt's last funding round was a $61M Series D in July 2022.
Who are Malt's investors?Malt's investors include Isai, Serena, Eurazeo, Goldman Sachs Growth Equity, Kerala Ventures, Idinvest Partners and Bpifrance.
Which companies are comparable to Malt?Companies comparable to Malt include Instawork, Kickstarter, DIP, Passage, InterviewBit and ZIGExN.

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