EIB backs venture capital fund as it eyes 8,000 new jobs
Middle East Venture Partners
Latest in Middle East Venture Partners
business funding
ME-based car subscription venture Invygo raises $10mn funding from MEVP-led investor group
The venture is expected to use the capital to double down on its presence in the UAE and Saudi Arabia
business funding
Riyadh-based OTO closes $3m seed funding round
Largest seed round raised by a SaaS company in the MENA region will be used to grow the company’s customer base across the GCC and Egypt, while also working to create new products and features
business models
Tips from an investor and entrepreneur: How start-ups attract investment
CEO of Zbooni, Ramy Assaf reveals his top tips for entrepreneurs who are looking to attract investors
Anish Garg
UAE’s ‘Uber for trucks’ Trukker on verge of clinching Series B funding
Trukker’s latest fundraising round is set to be announced soon, with some estimating it could have secured between $30-50 million
Al Waha Fund of Funds
‘Matter of time’ before Middle East’s next Careem or Souq-type mega-deals
Funding for start-ups in the MENA region has grown 66%, with 238 deals in H1 2019 amounting to $471m in total investment
E-commerce
Saudi mobile grocer Nana Direct raises $6.6m for expansion
Middle East Venture Partners and Impact46 have co-led an investment round in Saudi-based Nana Direct
500 Startups
Dubai fintech investment startup, Sarwa, raises $1.3m with Shurooq, Middle East Venture Partners
Regulated by the Dubai Financial Services Authority, the startup also attracted funding from Women’s Angel Investor Network, Saudia’s Hala Ventures and California-based fund 500 startups
Kunal Kapoor
Dubai start-up The Luxury Closet raises $8.7m in funding
Middle East Venture Partners and Wamda Capital lead the second-hand fashion firm’s growth financing round
DIFC
DIFC, MEVP sign agreement to explore fintech opportunities
The MoU will explore co-investment and co-management opportunities
Abraaj Capital
Middle East Venture Partners: investing in the future of tech
Middle East Venture Partners’ CEO Walid Hanna on how the stars are finally aligning for the region’s venture capitalists
Middle East Venture Partners
Middle East Venture Partners invests in last-mile delivery platform, One Click
One Click platform connects all stakeholders in the delivery process
MEVP
MEVP invests in online travel search engine Wego
Deal sees Middle East Venture Partners become an equity-holder in the business