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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Series D | Bpifrance; Eurazeo; Goldman Sachs Growth Equity | $61M | - | - |
| May 2021 | Series C | Eurazeo (lead); Goldman Sachs Growth Equity (lead) | $98M | $489M | Malt 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 2019 | Series B | Idinvest 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 2016 | Series A | Serena (lead); Isai | $5M | - | - |
| May 2015 | Seed | Isai (lead) | $2M | - | - |
| Apr 2014 | Seed | Kerala 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2015 | ||
| 2 | Lead | Dec 2016 | ||
| 2 | Lead | May 2021 | ||
| 2 | Lead | May 2021 | ||
| 1 | Lead | Apr 2014 | ||
This data is available for Pro users. Sign up to see all 7 Malt investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMalt Competitors
Malt competitors include listed companies like DIP and ZIGExN, and private ones like Instawork, Kickstarter, Passage and InterviewBit.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $760M | - | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $353M | $85M | $623M | 1.5x | ||
| Private | - | - | $657M | - | ||
| Private | - | - | $710M | - | ||
| Publicly listed | $188M | $38M | $290M | 1.2x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $585M | $102M | 1.4x | 1.3x | 8.1x | 5.6x | |||
| $770M | $161M | 1.1x | 1.1x | 5.4x | 5.3x | |||
| $632M | $13M | 0.5x | 0.5x | 24.3x | 10.9x | |||
| $95M | ($136M) | 5.0x | 3.0x | (3.5x) | (11.4x) | |||
| $1.3B | ($19M) | 0.2x | 0.2x | (13.6x) | 33.7x | |||
| $380M | $45M | 0.7x | 0.8x | 6.2x | 5.5x | |||
| $837M | $112M | 0.6x | 0.6x | 4.7x | 3.6x | |||
| $694M | $78M | 0.8x | 0.8x | 6.9x | 6.8x | |||
This data is available for Pro users. Sign up to see all Malt competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Malt
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




