Many businesses will simply hire the personnel, particularly the executives, that they need as they grow, but German startup COMATCH is hoping to provide an alternative by creating a marketplace through which management consultants and industry experts can offer their services on a freelance basis.
Getting started on COMATCH requires identifying the type of consultant/expert the company is seeking, the nature of the project, setting out additional parameters (languages, computer skills, etc.), and then the type of selection process (personal or phone interviews, as well as simply considering candidates based on their CV). From there, COMATCH selects 2-3 suitable candidates and then creates the contract after the company picks out the person they’d like to hire. The process does not end there, however, as COMATCH provides customer support to the client during the work period, if necessary.
Consultants can access the platform for free, as COMATCH has instead opted to take a 15% commission on top of the fee that companies pay to the freelancers.
COMATCH says that it has received requests from 70 companies, who are looking to connect with the pool of more than 400 consultants, since the platform launched in March. The company reports that 50% of their freelancers available are management consultants, while another 20% are finance experts, and the remaining 30% are industry experts. They add that 40% claim experience from major industry players like BCG, McKinsey (the co-founders of COMATCH are also McKinsey alumni), and Roland Berger.
As a German startup, one of the most logical moves is to target other German-speaking markets and COMATCH intends to do just that by moving into Austria and Switzerland before looking towards the Netherlands and Scandinavia. They are not revealing how much external funding they have raised, but will say that they have picked up a “six-figure” sum in a seed round from Atlantic Labs and b-to-v.