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Middle East Venture Partners (MEVP) is a venture capital firm established in 2010 and headquartered in Dubai. The firm has emerged as a significant player in the MENAT region, focusing on technology startups and providing early to growth-stage funding. MEVP has built a diverse portfolio of over 60 companies, showcasing its commitment to supporting innovative businesses across various sectors, including fintech, SaaS, health-tech, edtech, logistics, e-commerce, and Web3.
As of now, MEVP manages over $300 million in assets under management (AUM) and has launched multiple funds, including the recently initiated Fund IV with a target size of $150 million. The firm operates from several offices located in Dubai, Beirut, Bahrain, Riyadh, Abu Dhabi, and Cairo, allowing it to maintain a strong presence across the MENAT region.
MEVP primarily invests in technology startups within the MENAT region, targeting sectors such as fintech, SaaS, health-tech, edtech, logistics, e-commerce, on-demand services, marketplaces, and Web3. The firm engages with companies at various stages, including seed, Series A, and Series B, with investment sizes typically ranging from $300,000 to $5 million. MEVP seeks high-growth potential companies that can evolve into regional champions, supporting them from initial funding through to IPO or exit.
The firm emphasizes its active exit management strategy, which is reflected in its unique role of a Chief Exit Officer within the team. This approach, combined with strong relationships with limited partners, positions MEVP as a key player in the venture capital landscape of the MENAT region.
MEVP's portfolio includes notable companies that reflect its investment strategy and sector focus. Key portfolio companies include:
These companies illustrate MEVP's commitment to investing in innovative technology solutions across various sectors.
Walid Hanna: Founder, Chairman, and Co-CEO with over 20 years of experience in venture capital. He has launched five VC funds and invested in over 60 companies since 2010.
Walid Mansour: Co-founder and Co-CEO, contributing to the firm's strategic direction and investment decisions.
Rabih I. Khoury: General Partner and Chief Exit Officer, responsible for leading the firm's exit strategies and recently relocated to Riyadh to spearhead expansion efforts in Saudi Arabia.
Ali Almajthoob: Partner with expertise in technology investments and portfolio management.
Fahed Qteishat: Executive Director, overseeing operational aspects of the firm.
Germine Bouchnack: Executive Director and Egypt Operations Manager, focusing on regional investments.
Riyad Abou Jaoudeh: Venture Partner with a background in technology and entrepreneurship.
Andreas Ehn: Independent Investment Committee Member, providing insights and guidance on investment decisions.
To pitch to MEVP, startups should submit their proposals through the application portal available at Apply for Funding. The pitch deck should include a clear overview of the business model, market opportunity, and financial projections. MEVP prefers concise and well-structured presentations that highlight the startup's unique value proposition.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions are beneficial but not mandatory.
MEVP manages several funds, including:
In 2023, MEVP launched Fund IV with a target size of $150 million, focusing on early-to-growth stage tech companies across the GCC, Levant, and North Africa. The fund is anchored by commitments from the European Investment Bank and Saudi Venture Capital.
In a notable recent deal, MEVP achieved a partial exit from Fresha, resulting in a 39x cash-on-cash return during a $100 million Series C round led by General Atlantic.
Rabih Khoury, the Chief Exit Officer, has relocated to Riyadh as part of MEVP's strategic expansion into Saudi Arabia, which is expected to enhance the firm's presence and investment opportunities in the region.
Q? What are MEVP's investment criteria?
MEVP invests in technology startups primarily in the MENAT region, focusing on sectors such as fintech, SaaS, health-tech, edtech, logistics, e-commerce, and Web3. The firm typically engages with companies at seed, Series A, and Series B stages.
Q? How can startups apply for funding from MEVP?
Startups can apply for funding through the MEVP website at Apply for Funding. The application process involves submitting a pitch deck and relevant business information.
Q? What makes MEVP different from other venture capital firms?
MEVP distinguishes itself through its active exit management strategy, which includes a dedicated Chief Exit Officer. The firm also has strong relationships with limited partners, including supranational institutions and sovereign-backed funds.
Q? What is the typical check size for MEVP investments?
MEVP typically invests between $300,000 and $5 million in its portfolio companies, depending on the stage and needs of the startup.
Q? What is MEVP's geographic scope?
MEVP primarily focuses on the MENAT region, which includes the Middle East, North Africa, Turkey, Pakistan, and Sub-Saharan Africa.
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