German-based tech-talent marketplace, MVP Match, has raised $5 million to fund its quest to improve its capabilities at matching tech talents with companies. The seed funding round was led by Stage 2 Capital.
The startup said it plans to use the funds to set up new Hubs in Africa and Europe, and upscale its team. The company also plans to revive its platform to make “finding and working with tech talent easier than ever before.”
Prior to the seed funding round, the startup has existing hubs in Lisbon (Portugal) and Tbilisi (Georgia), with one in Egypt – where it grooms tech talents with the intention of matching them with companies that require their skills.
“We see entering Egypt as the first step in our exciting journey to bring the entire continent into the global talent pool. By setting up a local presence and working closely with the local talent, we will be able to really open up this market to our clients. And, with interesting projects from world’s leading product companies comes knowledge transfer that the local senior talent seeks, just as much as fair working rates,” MVP Match CEO, Levin Wense, said in an interview with TechCrunch.
MVP Match was founded in 2020 by Levin Wense and Philipp Petrescu. Aside grooming tech talents, the startup help recruiters with the recruitment process, which includes the establishment of office spaces. It also provides the necessary services, so that recruiting companies will not bother about the process of recruitment, and the paperwork.
“With available locations such as Egypt, for example, our clients and other global companies can scale their products and engineering teams in nearshore, best value-for-money regions. We can provide them with complete legal infrastructure to permanently employ local talent without physical local presence. […] For fast-growing companies that operate on crowded markets, being able to launch a nearshore hub with a fully equipped office space within weeks and in a process build a more diverse and inclusive team can be a difference between delivering or not on their product roadmaps and strategic goals,” Wense said.
Speaking on the funding, Anubhav Maheshwari, partner at Stage 2 Capital, said:
“Engineering, product, and design roles are critical, yet hard-to-fill positions. They’re in high demand by both growing technology companies, as well as non-tech companies undergoing rapid digital transformation. […] With dedicated focus on providing an exceptional experience both for customers and remote talent alike, MVP Match is rapidly connecting proven and experienced professionals, wherever they may be located, with exciting and high-impact projects.”
MVP Match said it uses products and industry experts to vet the talents before they are matched with recruiting companies. It also uses tech-related and personality interviews to test the credibility of the talents they recommend.