Malibou signed more than 100 clients through founder-led cold outreach, then raised €3M with an 11-slide deck.

Malibou is a payroll and HR platform for French small businesses, backed by Y Combinator (W24), Breega and FCVC.
Its seed deck matters because it shows how to sell a “boring”, heavily regulated, local market to investors who think in global outcomes.
You'll see what the deck gets right, what it leaves out, and what Malibou actually became two years later.
Below is the full breakdown, slide by slide.
Inside you'll find:
From Investor to Founder: Why This Deck Opens With the Team
“Payroll and HR in Europe Are Broken”: Borrowing a US Comparable
Best-in-Class UX + Expert Help: The Wedge Into an HR OS
100+ Clients From Cold Outreach: The Traction Slides
What's Missing (and Why YC and Breega Still Said Yes)
Two Years Later: What Malibou Became, and Your Checklist
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