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

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. Read the announcement ↗

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

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 DGoldman Sachs; Bpifrance; Eurazeo$61M-Eurazeo, Goldman Sachs Growth and Bpifrance Large Venture backed Malt in an extension of its Series D, completed in summer 2022 and reported at about EUR 60 million. Eurazeo and Goldman Sachs were the existing investors from the company's EUR 80 million round of spring 2021, while Bpifrance joined as a new shareholder. The extension was described as a very large top-up to a round that had been led by Eurazeo and Goldman Sachs Growth. Malt is a Paris-based online marketplace that connects freelance consultants, developers, designers and other independent professionals with companies that need project talent. It was founded in 2013 and operates in France and several other European markets. At the time of the 2021 round it counted around 250,000 freelancers and 30,000 client companies. The 2021 round had valued the company at about EUR 400 million.
May 2021Series CEurazeo (lead); Goldman Sachs (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-Serena Capital led a EUR 5 million funding round in the French freelance marketplace Hopwork in December 2016, with existing investor ISAI taking part through its ISAI Venture II vehicle. The round followed earlier raises of EUR 550,000 in May 2014 and EUR 1.5 million a year later. The company said the proceeds would fund hiring, further development of the platform and expansion into Spain and the Benelux countries planned for 2017. Hopwork connects independent professionals with businesses that need project-based skills, and it was renamed Malt in November 2017. The company is based in France, and the round was its Series A.
May 2015SeedIsai (lead)$2M-ISAI Venture II invested EUR 1.5 million in Hopwork in May 2015, alongside Jerome Caille, the former chief executive of Adecco, in what was the first investment of the ISAI Venture II fund created in April 2015. The company said the money would speed up product innovation and commercial development, with the aim of tripling its volume of business and expanding internationally in 2016. Hopwork had previously raised about EUR 550,000 from Kerala Ventures in May 2014. Hopwork is a Paris-based online marketplace connecting independent freelancers with companies. It was founded in June 2013 by Vincent Huguet, Hugo Lassiege and Jean-Baptiste Lemee. The company later raised EUR 5 million in December 2016 with ISAI participating again, and changed its name to Malt in November 2017.
Apr 2014SeedKerala Ventures (lead)$800K--

Who has invested in Malt?

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

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


Malt Investors

Investors in Malt by funding rounds participated
InvestorHQRoundsRoleFirst check
IsaiFranceParis3LeadMay 2015
SerenaFranceParis2LeadDec 2016
Goldman SachsUnited StatesNew York City, NY2LeadMay 2021
EurazeoFranceParis2LeadMay 2021
Kerala VenturesFranceParis1LeadApr 2014

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Malt Competitors

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

Public and private companies comparable to Malt
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
InstaworkUnited StatesSan Francisco, CAPrivate$100M-$760M-
DIPJapanJapanPublicly listed$348M$84M$497M1.3x
WonoloUnited StatesNashville, TNPrivate--$500M-
KickstarterUnited StatesNew York City, NYPrivate--$400M-
PassageCanadaTorontoPrivate--$657M-
ZIGExNJapanJapanPublicly listed$185M$38M$275M1.1x

Malt Public Comps

Malt is still privately-owned, but its public comps include DIP, Maoyan Entertainment, eDreams ODIGEO, En, Wirtualna Polska, Cars.com, Adventure, Hypoport, GA Technologies and Stitch Fix.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
DIP$348M$84M1.2x1.3x5.0x8.1x
Maoyan Entertainment$696M$125M0.0x0.0x0.0x0.0x
eDreams ODIGEO$747M$156M1.1x1.1x5.5x5.6x
En$375M$44M0.8x0.8x6.5x5.6x
Wirtualna Polska$562M$98M1.4x1.2x7.8x5.4x
Cars.com$723M$157M1.4x1.4x6.5x4.8x
Adventure$19M$3M20.7x-113.8x-
Hypoport$674M$76M0.8x0.8x7.3x7.2x

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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, Goldman Sachs, Eurazeo, Kerala Ventures, Idinvest Partners and Bpifrance.
Which companies are comparable to Malt?Companies comparable to Malt include Instawork, DIP, Wonolo, Kickstarter, Passage and ZIGExN.

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