MVP Match, a tech talent marketplace, raises $5 million from Stage 2 Capital

Technical talent marketplace MVP match raised €5 million ($5 million) in seed funding from Stage 2 Capital to double down on its strategy of matching companies with talent from around the world.

The Germany-based startup plans to use the funding to build new hubs in Africa and Europe, expand its team and relaunch its own platform to make “finding and working with tech talent easier than ever.”

The plan to increase its reach follows the launch of the new center in Egypt which MVP Match will use to source talent in Africa — with the goal of creating more networks in the region. The hubs, which include existing ones in Lisbon (Portugal) and Tbilisi (Georgia), aim to help more than 100 clients hire local talent without having to establish operations 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 local talent, we will be able to really open up this market for our customers. And with interesting projects from leading global product companies comes the knowledge transfer that local senior talent strives for, just as much as fair work rates,” CEO of MVP Match, Levin Vence said TechCrunch.

Wense, who founded the startup in 2020 along with Philip Petrescu, added that MVP Match acts as an employer of record, allowing it to manage the entire recruitment process, including setting up local office spaces and recruiting talent. This helps recruiters build teams in other regions without worrying about the lengthy recruitment and documentation process.

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

“For fast-growing companies operating in crowded markets, being able to launch a coastal hub with fully equipped office space within weeks and in the process build a more diverse and inclusive team can be the difference between delivering or not on their product lines.” road maps and strategic objectives,” he said.

MVP Match said it uses product and technology executives such as CTOs and seasoned domain experts to screen talent before recommending them to companies. The vetting includes technology challenges and personality interviews to ensure their clients, which include Voya Financial and accountancy firm PwC, are matched with the right talent.

On their decision to fund Stage 2 Capital partner Anubhav Maheshwari for MVP said, “Engineering, product and design roles are critical but difficult positions to fill. They are in high demand by both emerging technology companies and non-technology companies undergoing rapid digital transformation.”

“With a dedicated focus on delivering exceptional experiences for both clients and remote talent, MVP Match quickly connects proven and experienced professionals, wherever they are, with exciting and impactful projects.”

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