Middle East Venture Partners (MEVP) Founded 2010
Founders Walid Hanna
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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 62
Average round size
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The average size of a deal this fund participated in
$3M
Portfolio companies 22
Rounds per year 2.00
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.35
Exits 2
Stages of investment
Early Stage Venture
Areas of investment
E-Commerce
Enterprise
Mobile
Software
Transportation
Summary

In 2010 was created Middle East Venture Partners (MEVP), which is appeared as VC. The main office of represented VC is situated in the Beirut. The venture was found in Asia in Lebanon.

The fund was created by Walid Hanna. Besides them, we counted 7 critical employees of this fund in our database.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Middle East Venture Partners (MEVP), startups are often financed by Wamda Capital, Saned Partners, EquiTrust. The meaningful sponsors for the fund in investment in the same round are Wamda Capital, Saned Partners, Endeavor Catalyst. In the next rounds fund is usually obtained by Wamda Capital, 500 Startups, Saned Partners.

Among the most successful fund investment fields, there are Internet, Financial Services. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United Arab Emirates. Among the most popular portfolio startups of the fund, we may highlight Wego, Matic, Toters.

The fund is generally included in 2-6 deals every year. The increased amount of exits for fund were in 2018. Considering the real fund results, this VC is 19 percentage points more often commits exit comparing to other organizations. Deals in the range of 1 - 5 millions dollars are the general things for fund. Opposing the other organizations, this Middle East Venture Partners (MEVP) works on 26 percentage points less the average amount of lead investments. The top activity for fund was in 2016. Despite it in 2019 the fund had an activity.

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Notable deals
CompanyIndustryRoundRound SizeDateInvestorsLocation
Rain
Advertising
App Marketing
Bitcoin
Financial Exchanges
Financial Services
Mobile
Early Stage Venture
6M17 Jan 2021 Bahrain, Manama
Bykea
Classifieds
Courier Service
Local Shopping
Ride Sharing
Early Stage Venture
13M30 Sep 2020 Pakistan, Karachi
The Luxury Closet
E-Commerce
Lifestyle
Retail
01 Sep 2020 United Arab Emirates, " United Arab Emirates"}
Nana
Artificial Intelligence
E-Commerce
Education
Grocery
Home Services
Internet
Machine Learning
Marketplace
Smart Home
Vocational Education
Early Stage Venture
18M25 Mar 2020 Saudi Arabia, Riyadh
1M23 Mar 2020
Early Stage Venture
5M12 Feb 2020
Sarwa.co
FinTech
Wealth Management
Early Stage Venture
8M22 Jan 2020 United Arab Emirates, Dubai
Volt Lines
Automotive
Public Transportation
Transportation
Early Stage Venture
6M27 Dec 2019 Turkey, " Turkey"}
TruKKer
Freight Service
Logistics
Supply Chain Management
Transportation
Early Stage Venture
23M12 Nov 2019 United Arab Emirates, Abu Dhabi
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