MVP Match, a tech talent marketplace, raises $5M from Stage 2 Capital • TechCrunch


Tech talent market MVP Match has raised €5 million ($5 million) in seed funding from Stage 2 Capital to double down on its strategy of matching companies with talent 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 proprietary platform to make “finding and working with tech talent easier than ever.”

The plan to expand its reach follows the launch of a new hub in Egypt which MVP Match will use to tap into talent in Africa – with the aim of building more networks in the region. The hubs, which include existing ones in Lisbon (Portugal) and Tbilisi (Georgia), are intended to help its more than 100 customers hire local talent without having to establish operations in those jurisdictions.

“We view 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 local talent, we can truly open up this market to our customers. And, with exciting projects from the world’s leading product companies, the knowledge transfer that local senior talent is looking for, as well as fair labor rates,” said Levin Wense, CEO of MVP Match. , at TechCrunch.

Wense, who founded the startup in 2020 with Philipp Petrescu, added that MVP Match acts as an employer of record, which allows him to manage the entire recruitment process, including the creation of local office spaces. and talent integration. This helps recruiters build teams in other regions without worrying about the lengthy recruiting process and paperwork.

“With available locations such as Egypt, for example, our customers and other global companies can scale their products and engineering teams to regions near the best value. We can provide them with a full legal infrastructure to permanently employ local talent without a local physical presence,” Wense said.

“For fast-growing businesses operating in crowded markets, being able to launch a nearshore hub with fully serviced office space in weeks and, in the process, build a more diverse and inclusive team can make the difference. between delivering or not 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 vet talent before recommending it to companies. The vetting includes technology challenges and personality interviews, to ensure their clients, which include Voya Financial and accounting firm PwC, are matched with the right talent.

Commenting on their decision to fund the MVP match, Stage 2 Capital partner Anubhav Maheshwari said, “Engineering, Product and Design roles are critical positions, but difficult to fill. They are in high demand by growing tech companies, as well as non-tech companies undergoing rapid digital transformation. »

“With a focus on delivering an exceptional experience for both clients and remote talent, MVP Match quickly connects proven and experienced professionals, wherever they are, with exciting and high impact.”

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