COMATCH, the marketplace for independent top management consultants and industry experts, has successfully completed a Series B round of financing led by Acton Capital Partners. A total of €8 million will be invested in COMATCH by Acton, Atlantic Labs and btov. In the summer of 2016, these same investors invested a total of €4 million.
The fresh capital will be used to expand the company’s position as market leader in the DACH region and enable it to also become a leader on a European level. In 2017, Berlin-based COMATCH opened a branch office in Paris; currently it is expanding into Great Britain, 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. Together with the investors, the entire COMATCH team has achieved a great deal over the past few years. 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.”
Sebastian Wossagk, Managing Partner at Acton, added: “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 Services, but also the perfect foundation for further international expansion. I am happy that Acton, Atlantic and btov are able to continue supporting the success of the COMATCH team.”
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. 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.