Malt, French startup, has recently secured $28.6 million (€25 million) in a recently funding round with Idinvest Partners spearheading the investments alongside prior investors ISAI and Serena also participating, bringing the total up to $36.6 million (€32 million) since its inception.
Malt has created a marketplace for companies and engineers working as freelancers. There are currently 100,000 freelancers on the platform and 15,000 companies using Malt regularly.
With today’s funding round, the company wants to grow its platform in other European countries. There are 10,000 freelancers on the platform in Spain, and the company plans to open new markets, starting with Germany and the Netherlands.
The startup thinks that hiring freelancers can be a great alternative to big IT consulting companies. Every time a freelancer accepts a job, clients rate the freelancer. This way, clients can know for sure that somebody is a capable developer.
Read more here.
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