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Middle East Venture Partners (MEVP)

Investor type Venture Capital
Founders Walid Hanna

Overview

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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.

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Total investments 92
Average round size
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The average size of a deal this fund participated in
$11M
Portfolio companies 50
Rounds per year 7.08
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.46
Exits 2
Key employees 7
Stages of investment
Early Stage Venture

Areas of investment

  • E-Commerce
  • Software
  • SaaS
  • Apps
  • Mobile
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

CompanyIndustryRound SizeDateInvestorsLocation

Yodawy

Health Care
Internet
Marketplace
Pharmaceutical
$16M09 Feb 2023 Cairo, Cairo Governorate, Egypt

Invygo

Car Sharing
Information Technology
Micro Lending
Rental
Subscription Service
$10M31 Oct 2022 Dubai, United Arab Emirates

MoneyFellows

Credit
Financial Services
Software
$31M30 Oct 2022 Cairo, Cairo Governorate, Egypt

Eat

Apps
E-Commerce
Food and Beverage
Mobile
Reservations
Restaurants
SaaS
Software
$6M28 Sep 2022 Dubai, United Arab Emirates

The Cloud

$10M14 Sep 2022 Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

Stake Properties

Crowdfunding
FinTech
Real Estate
Residential
$8M30 Aug 2022 Dubai, United Arab Emirates

Bykea

Classifieds
Courier Service
Local Shopping
Ride Sharing
$10M27 Jun 2022 Karachi, Sindh, Pakistan

Lyve Global

FinTech
Information Technology
Logistics
SaaS
$50M10 Feb 2022 Dubai, United Arab Emirates

Nana

Artificial Intelligence
E-Commerce
Education
Grocery
Home Services
Internet
Machine Learning
Marketplace
Smart Home
Vocational Education
$50M02 Feb 2022 Saudi Arabia, Riyadh Region, Saudi Arabia
News
Egyptian fintech MNT-Halan lands $120M from Apis Partners, DisrupTech and others

– MNT-Halan, a fintech company, raised $120m funding.
– The round was led by private equity firms Apis Growth Fund II, Development Partners International and Lorax Capital Partners, as well as VCs like Middle East Venture Partners, Endeavor Catalyst and DisruptTech.
– It brings the total funding to $150m.
– The company plans to use the funding to expand its services across Egypt and the MENA region.

Basma.com Raises $3M in Series A Funding

– BASMA.com from London, UK is a digital healthcare platform working for orthodontics focused on MENA.
– The company raised $3M in Series A funding.
– The round was led by MEVP with the participation from SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital.
– The new investment will be used to hire new talent, expand its geographic reach across the Middle East, and grow its network of partner dental clinics across KSA, UAE, and the region.

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