Comet

What is Comet?

Comet offers a freelance marketplace for engineers, connecting companies with qualified tech talent. They help freelancers and companies join forces to build the future of tech! They help growing companies to scale their tech and data teams on demand by seamlessly connecting them to a direct pipeline of qualified Freelance engineers. They're also building and nurturing a thriving community of tech and data Freelancers by offering them unfair advantages (payment at the end of the month, exclusive events, exclusive partnerships, and much more to come).

Business and value proposition

Comet is a marketplace for tech and data freelancers. Unlike freelancers marketplaces such as Upwork (Nasdaq) in the US, the company selects and qualifies the talents in order to provide them directly to the companies. Through this improvement of the matching process, they increase the value proposition and have started disrupting the market of IT staffing (French “SSII” - IT Services & Software Engineering companies). Their objective is to staff people and on top of this service to monitor those people while working on specific projects inside the customer organization.

Why we invested?

Future of work is a big trend as younger generations have started to question the employee status as we know it today. Being your own boss and having the capacity to organize your work with flexibility, are becoming increasingly common concepts, especially in the tech sector. At the same time, IT service companies, representing a market of €350 billion in Europe only, have failed to digitize to the extent needed to meet the demands of the market. Furthermore, historically, the traditional players have had many layers of decision makers, making the processes financially inefficient. Comet was quick to jump on the opportunity, and wants to disrupt the organization of this outdated market and grab an ambitious share from traditional players. Besides the massive market size and lack of innovation from traditional players, we fell for the strong team, tackling this issue in a streamlined manner.