COMATCH closes Series B: consulting marketplace raises another €8M to accelerate growth
Berlin/Munich, April 05, 2018 | COMATCH, the marketplace for independent top management consultants and industry experts, has successfully completed its Series B round of financing, led by Acton Capital from Munich. Together with Atlantic Labs and btov, Acton Capital invested a total of €8 Mio. in COMATCH GmbH; The very same circle invested a total of €4 Mio. in the company’s Series A round in summer 2016
The COMATCH network of top-class independent management consultants and industry experts currently comprises 4300 profiles from over 60 countries. The marketplace works together with startups, multinational corporations, SME’s and over half of the companies on the DAX30.
The fresh capital will be used to expand COMATCH’s position as market leader in the DACH countries and enable it to assume a leading role on the European level. In 2017 COMATCH opened a branch office in Paris; currently it is expanding to the UK, and in the future it will serve Southern and Eastern Europe with an international key account team. The new funds will also be invested in further technological development: The existing matching-model will become even faster and more precise — currently, our clients received suggested candidates within 48 hours. Furthermore, services for our clients and consultants will be improved, e.g. it will be possible to purchase research activities and to put together teams of consultants. In the future, consultants from our network who would like to return to a permanent position will also receive support.
Christoph Hardt, who founded COMATCH together with Jan Schächtele at the end of 2014, commented on the decision: “We are happy that we are taking these next steps with our existing investors, and that this excellent collaboration will continue. In this respect, the significant increase in investment not only expresses exceptional appreciation of our work, it is also essential in order to continue COMATCH’s growth and firmly establish the company throughout Europe as a partner for clients and consultants.”
“Together with our investors, the entire COMATCH team has achieved a great deal over the past few years.”
Christoph Hardt, co-founder COMATCH
Sebastian Wossagk, Managing Partner at Acton, added: “In the past three years COMATCH has become the leading marketplace for independent management consultants in Germany.
The company’s strong revenue growth is especially driven by a large number of returning clients whose high level of satisfaction is not only a clear indication of the exceptional quality of COMATCH’s services, but also the perfect foundation for further international expansion.”
Since its launch in March 2015, COMATCH has successfully staffed positions in 1000 projects from over 300 international clients. In the last two years COMATCH has registered 850% revenue growth and is now not only active in the DACH countries but also in other markets, including France, Scandinavia, Benelux and the UK.