Middle East Venture Partners (MEVP)

What Middle East Venture Partners (MEVP) does

Middle East Venture Partners (MEVP) is a Dubai-headquartered venture capital firm operating as one of the pioneer institutional investors in the MENA technology ecosystem. Founded in 2010 and headquartered in the Dubai International Financial Centre (DIFC), the firm manages four regional technology-focused funds (MEVF I through MEVF IV) with assets under management exceeding $300 million and more than $1.6 billion in co-investments deployed alongside managed capital. MEVP serves technology founders across the full lifecycle from seed through Series B and growth equity, with ticket sizes ranging from $300,000 at the seed stage up to $5 million-plus in growth rounds.

The firm invests across fintech, SaaS, HealthTech, PropTech, e-commerce marketplaces, mobility, on-demand services, and AI-adjacent verticals, with a geographic footprint spanning the GCC, Levant, Egypt, Sub-Saharan Africa, Pakistan, and Turkey. MEVP's portfolio of more than 60 companies includes Fresha (39x CoC return on partial exit in 2021), Stake (PropTech), Money Fellows (fintech), Invygo (mobility), Clinicy (HealthTech), Altibbi, and Yodawy. The firm is led by co-founders Walid Hanna (Chairman and Co-CEO) and Walid Mansour (Co-CEO), supported by a team of 21 investment professionals with dedicated operating presence in Egypt and, as of January 2025, in Saudi Arabia.

MEVP's revenue model follows standard venture fund economics: recurring management fees on committed capital across the four fund vintages, supplemented by performance-based carried interest on successful exits. The firm's investment process is relationship-driven, sourcing deals through its founder network, portfolio referrals, regional startup events, and direct applications via the firm website. Strategic positioning is anchored by a 12-year regional track record, anchor institutional LPs including the European Investment Bank and Badir Fund for Developing SMEs, and active co-investment relationships with Mubadala, Wa'ed Ventures (Aramco's VC arm), and other Gulf-based institutional investors.

Name

Middle East Venture Partners (MEVP)

Legal name

Middle East Venture Partners (MEVP)

Website

https://mevp.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

MEVP is a Dubai-based venture capital firm managing $300M+ across four regional funds, providing seed to growth-stage equity capital to technology founders across MENA, Sub-Saharan Africa, Pakistan, and Turkey, with a 60+ company portfolio.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

akta.pro primary industry

NAV-Based / Portfolio Finance (Liquidity for LPs/GPs) (FSANAFAM)

akta.pro secondary industry

Mezzanine / Subordinated Debt (FSANADAC)

Keywords

• Venture capital funding
• Early-stage technology investing
• Growth-stage equity capital
• MENA startup investing
• Portfolio fund management

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Management Fees: VC firms typically charge annual management fees on committed capital
2. Carried Interest: Performance-based carry on successful exits, as evidenced by 39x Cash-on-Cash return from Fresha exit

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

MEVP is a Middle East-focused venture capital firm that provides both early-stage and growth-stage equity funding to technology startups across the MENA region, Turkey, Pakistan, and Sub-Saharan Africa. The firm manages four regional technology-focused VC funds (MEVF I through MEVF IV) with more than $300M in assets under management and $1.6B in co-investments, deploying ticket sizes ranging from $300K to $5M+ in seed through Series B and later rounds.

Product overview

Middle East Venture Partners (MEVP) is a venture capital firm offering a suite of four regional technology-focused investment funds (MEVF I through IV) managing over $300 million in AUM and $1.6 billion in co-investments. The funds provide early-stage to growth-stage capital ranging from $300K to $5M+ to technology startups across MENA, Turkey, Pakistan, Sub-Saharan Africa. MEVP's portfolio spans 60+ companies across PropTech (Stake, Keyper, Safqah), FinTech (Money Fellows, KamelPay, FlapKap, SiFi, Salesfine), HealthTech (Clinicy, Altibbi, Yodawy, Meacor), and Other AI/tech ventures (AppliedAI, Ruya.ai, Xfolio). Additionally, MEVP operates a talent network and job board serving portfolio companies with recruitment needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Middle East Venture Fund IV (MEVF IV) MEVP's fourth regional venture capital fund targeting $150M, anchored by the European Investment Bank, providing early and growth-stage funding to technology companies in Fintech, SaaS, Health-tech, Edtech, Logistics, E-commerce, On-demand services, Marketplaces, and Web3 across MENA, Turkey and Pakistan with ticket sizes of $3M to $5M.
• Middle East Venture Fund III (MEVF III) A growth-stage venture capital fund launched in 2018 with a $90M fund size, targeting technology startups raising their Series B with ticket sizes of $3M+, focused on SaaS, Logistics, Health-tech, On-demand, Fintech, and Mobility sectors across MENA.
• Middle East Venture Fund II (MEVF II)

Quantifiable outcome

• 39x Cash-on-Cash return on Fresha investment over 5-year holding period
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• RepublicstrategicStrategic or Co-development Partner · 10 June 2024Strategic partnership with US-based unicorn investment platform to offer investors in US and UK access to UAE and Saudi real estate market via Stake platform.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Beco Capital: Dubai-based VC firm investing in early to growth-stage technology companies across MENA. Comparable to MEVP in stage range, geography, and sector focus (consumer tech, SaaS, fintech).
• Shorooq Investments: UAE-based venture capital firm investing from pre-seed to growth in MENA tech startups. Highly comparable to MEVP in fund structure, ticket size range, sector mandate, and regional focus.
• Raed Ventures: Saudi Arabia-focused early-stage VC investing in MENA tech startups. Directly comparable to MEVP in stage range, sector mandate, and increasing Saudi focus — a relevant incumbent as MEVP deepens its Saudi presence.
• Sawari Ventures: Egypt-based venture capital firm backing tech startups across North Africa. Comparable to MEVP in stage range (early to growth), sector focus (tech), and pan-MENA/regional orientation.
• Wamda Capital: UAE-based early-to-growth stage venture capital firm investing in tech-enabled startups across the MENA region. Directly comparable to MEVP in stage focus, sector mandate (tech), geography (MENA), and ticket size.
• Algebra Ventures: Egypt-focused early-to-growth stage VC firm investing in tech-enabled startups. Comparable to MEVP in stage focus, sector mandate, and position as a regional pioneer in MENA tech investing.
• 500 Global: Global venture firm with an active MENA program and seed-stage fund. Comparable to MEVP in early-stage focus, MENA geography, and multi-sector tech thesis; differs in global scale and broader mandate.

Broad incumbents

• Mubadala Capital: Abu Dhabi sovereign-backed investor with a large venture and growth platform, including Mubadala Ventures. Comparable to MEVP as a large MENA capital allocator and frequent co-investor in MEVP rounds, though with broader asset-class reach.
• Sanabil Investments: Saudi Arabia's sovereign-backed investment vehicle deploying capital into global and MENA VC funds and direct deals. Comparable to MEVP as an LP and co-investor in the regional VC ecosystem, with much broader balance sheet and mandate.

Emerging players

• Hub71: Abu Dhabi-based global tech ecosystem backed by Mubadala that combines venture deployment, accelerator programs, and founder community. Comparable to MEVP as a MENA tech capital allocator and ecosystem builder, but with a tech-hub operating model rather than a pure fund manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MEVPcapital
• Facebookfacebook.com/middleeastvp
• LinkedInlinkedin.com/company/1071654
• Instagraminstagram.com/mevpcapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments108 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Middle East Venture Partners (MEVP)