French start-up Malibou raised a €3 million Seed Round to develop its payroll and human resources
management platform for VSEs and SMEs. The financing round was led by investors Breega, Y Combinator, and FCVC.
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Language: en
Added: Jun 12, 2024
Slides: 11 pages
Slide Content
Confidential
Team
Solid cofounders with good startup, finance, sales and
tech experience. We are driven by employee retention
Maxence Drummond Alexandre Pernin
CEO CTO
VC @Breega (Partner - 5 years), specialized in fintech
and insurtech, opened the UK office
Sales @FrenchTechHub in San Francisco (1.5yrs)
Tech lead @Theodo (3 years)
Data Scientist for a couple of years (freelance, @Ekimetrics…)
Co-founder @Lantern (YC S19)
Confidential
Payroll and HR processes in Europe are broken
Confidential
Problem
However in the U.S., there is one tool for almost everything:
Gusto is now valued at 10B+
●$750M raised
●200k clients
●$500M in revenue
●2.5k employees
Confidential
Vision
The first European HR OS to help SMBs to pay and manage
their team, and ultimately help retaining them
Confidential
Solution
We use technology to bring the best experience to companies
and their employees and become their first HR OS
Best-in-class UX
to ease the collection of HR infos
Expert help
from curated payroll expert+
Confidential
Market size
The french market alone is a multi-billion euros market
€>2B
(SMBs without
micro-companies)
€>5B
(All companies without
micro-companies)
Source: Insee
●Global HR software is expected to grow at a CAGR
of 10% over the 2022-2029 period
●Consolidation is happening, as verticalized
softwares cannot sustain in a cost reduction
climate:
Confidential
What we have achieved
Our product is already superior to classic HRIS
●We released many
differentiating features
●We had clients churn from
existing tools
Confidential
What we have achieved
We signed >100 clients in founders-led sales, cold outreach