Tech talent marketplace MVP Match has raised 5 million euros ($5 million) in seed funding from Tier 2 capital to double down on its strategy of matching talented companies from around the world.
The German-based startup plans to use the funds to build new hubs in Africa and Europe, grow its team and relaunch its proprietary platform to make it “easier than ever to find and work with tech talent.”
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, which include existing ones in Lisbon (Portugal) and Tbilisi (Georgia), are intended to help more than 100 clients hire local talent without establishing 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 developing a local presence and working closely with local talent, we can unlock this market for our clients. And, with interesting projects from world-leading product companies, comes the knowledge transfer that top local talent needs, just like fair job rates,” MVP Match CEO Levin Wensey told TechCrunch.
Wens, who co-founded the startup with Filip Petrescu in 2020, added that MVP Match acts as an employer of record, allowing it to manage the entire recruiting process, including local office space and talent onboarding. This helps employers build teams in other regions without worrying about lengthy recruitment processes and paperwork.
“In places like Egypt, for example, our customers and other international companies can scale their products and engineering teams in nearby value-for-money regions. We can provide them with a complete legal infrastructure to permanently employ local talent without a physical presence,” Wence said.
“For fast-growing companies operating in crowded markets, opening an offshore hub with fully-equipped office space within weeks and building a more diverse and inclusive team in the process can be the difference between delivering on their product roadmaps and strategic goals,” he said.
MVP Match says it uses product and technology executives like CTOs and experienced domain experts to vet their skills before recommending them to companies. Screening includes technology-related challenges and personality interviews, whose clients include Voya Financial and accounting firm PwC, to ensure a match with the right talent.
Commenting on the decision to fund MVP Match, Tier 2 Capital partner Anubhav Maheshwari said: “Engineering, product and design roles are critical but difficult positions to fill. Both are of great interest to growing technology companies, as well as non-tech companies undergoing rapid digital transformation.
“Focused on providing a unique experience for both clients and remote talent, MVP Match is rapidly connecting proven and experienced professionals with exciting, high-impact projects wherever they are.”