It’s consolidation time in the freelancer marketplace industry. French startup Malt is acquiring Comatch, a competing marketplace focused on consultants and industry experts. Comatch originally started in Germany, which means that Malt is also doubling down on the German market with this acquisition. Terms of the deal are undisclosed but it involves a mix of equity and cash.
Malt started as a marketplace that matches freelance developers, designers and other technical workers with companies looking for talent. The startup has raised quite a lot of money and has managed to attract 340,000 freelancers across multiple European countries.
Originally limited to the French market, Malt has expanded to Germany, Spain, Belgium, the Netherlands and Switzerland over the past few years. 40,000 companies have turned to Malt to find a freelancer or several freelancers.
Clients include Unilever, L …
