MVP Match, a marketplace for tech talent, has raised €5 million ($5 million) in seed funding from Stage 2 Capital to expand its approach to connecting businesses with talent throughout the world.
The business, which is based in Germany, intends to utilise the money to expand, hire more employees, and relaunch its proprietary platform to make “identifying and working with tech talent easier than ever before.”
The expansion strategy comes after the opening of a new base in Egypt, which MVP Match will use to find talent in Africa and build more networks there. The hubs are designed to make it easier for its more than 100 clients to hire local employees without having to set up shop in those regions.
“We view our entry into Egypt as the beginning of an exciting journey in which we hope to include the entire continent in the global talent pool. We will be able to fully open up this market to our clients by establishing a local presence and collaborating closely with the local talent.” The CEO of MVP Match, Levin Wense, told TechCrunch that knowledge transfer is something that local senior talent seeks out along with fascinating projects from the world’s top product firms.
Wense, who along with Philipp Petrescu launched the business in 2020, stated that because MVP Match is an Employer of Record, it can control all aspect of the hiring process, including the construction of local office space and talent onboarding. This makes it easier for recruiters to create teams in other areas without worrying about the drawn-out hiring procedure and paperwork.
“Our clients and other international organisations may scale their products and technical teams in nearshore, greatest value-for-money countries thanks to the availability of sites like Egypt, for instance. Without having a physical presence there, we can give them the entire legal framework they need to permanently hire local talent,” according to Wense.
“For fast-growing companies that compete in crowded marketplaces, being able to develop a nearshore hub with a fully furnished office space in a matter of weeks and, in the process, build a more inclusive and diverse team, can be the difference between delivering or not,” he said.
Before offering talent to businesses, MVP Match claimed to utilise product and technology executives, such as CTOs, and seasoned domain experts to screen applicants. To make sure that their clients, which include the financial services company Voya Financial and the accounting firm PwC, are matched with the correct personnel, vetting includes tech-related tasks and personality interviews.
Anubhav Maheshwari, a partner at Stage 2 Capital, commented on their choice to support the MVP match, saying: “Engineering, product, and design responsibilities are crucial but difficult to fill positions. They are highly sought after by both developing technology companies and non-tech companies going through a quick digital transformation.
“MVP Match is quickly establishing connections between proven and experienced experts, wherever they may be situated, and intriguing and high-impact projects with a determined focus on offering an amazing experience for both customers and remote talent alike.”