Marketplace for technical talent MVP match raised $5 million ($5 million) in seed funding from Stage 2 Capital to double its strategy for connecting companies with talent from around the world.
The Germany-based startup plans to use the funding to build new hubs in Africa and Europe, grow its team and relaunch its own platform to “make finding and working with tech talent easier than ever before”.
The plan to increase its reach follows the launch of a new hub in Egypt that MVP Match will use to tap talent in Africa — with the aim of creating more networks in the region. The hubs, including existing ones in Lisbon (Portugal) and Tbilisi (Georgia), aim to help its more than 100 clients hire local talent without having to settle in those jurisdictions.
“We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool. By establishing a local presence and working closely with the local talent, we can really open up this market to our customers. And with exciting projects from the world’s leading product companies, knowledge transfer that seeks the local senior talent comes as well as fair work rates,” MVP Match CEO, Levin Wense told gotechbusiness.com.
Wense, who along with . founded the startup in 2020 Philipp Petrescu, added that MVP Match acts as an Employer of Record, allowing it to manage the entire hiring process, including setting up local office spaces and onboarding talent. This helps recruiters build teams in other regions without worrying about the lengthy hiring process and paperwork.
“With available locations, such as Egypt, our customers and other global companies can scale their products and engineering teams in nearshore regions with the best value for money. We can provide them with a complete legal infrastructure to hire local talent on a permanent basis without a physical local presence,” says Wense.
“For high-growth companies operating in crowded markets, being able to launch a nearshore hub with fully-equipped office space within weeks and build a more diverse and inclusive team in a process can be a difference between being able to or fail to deliver on their product roadmaps and strategic goals,” he said.
MVP Match said it uses product and technology managers such as CTOs and experienced domain experts to research talent before recommending it to companies. Vetting includes technical challenges and personality interviews to ensure their clients, including Voya Financial and accounting firm PwC, are matched with the right talent.
Speaking about their decision to fund MVP match, Stage 2 Capital partner Anubhav Maheshwari said: “Engineering, product and design roles are critical, yet difficult positions to fill. They are in high demand with both growing technology companies and non-tech companies undergoing rapid digital transformation.”
“With a dedicated focus on providing an exceptional experience for both clients and outside talent, MVP Match quickly connects proven and experienced professionals, wherever they are, with exciting and impactful projects.”