Middle East Venture Partners

What Middle East Venture Partners does

Middle East Venture Partners (MEVP, legal entity MEVP Capital, registered in DIFC, Dubai) is a private venture capital firm founded around 2012 that invests in early and growth-stage technology startups across MENA, Sub-Saharan Africa, Pakistan, and Turkey. The firm is led by co-founders Walid Hanna (Chairman and Co-CEO) and Walid Mansour (Co-CEO), supported by General Partner Rabih Khoury, Partner Ali Almajthoob, Venture Partner Riyad Abou Jaoudeh, and Executive Directors Fahed Qteishat and Germine Bouchnack (Egypt Operations). The team of approximately 21 investment professionals sources deals through professional networks, referrals, and an online funding application, and markets via LinkedIn, Twitter, Medium, and direct outreach.

MEVP operates through four regional technology-focused venture capital funds — MEVF II ($32M, early-stage MENA), MEVF III ($90M, Series B growth-stage, 2018), and MEVF IV ($150M target, anchored by the European Investment Bank, with broader MENATP and Web3 sector coverage). Ticket sizes range from $300K (early stage) to $5M+ (growth stage). Across its four funds the firm reports over $300 million in assets under management, $1.6 billion in co-investment capacity, and 60+ portfolio companies spanning FinTech (Money Fellows, Altibbi), PropTech (Stake, Keyper), HealthTech (Clinicy, Altibbi, Yodawy, Meacor), mobility (Invygo), beauty/wellness software (Fresha), SaaS (Salesfine), and AI platforms (AppliedAI, Ruya.ai, Xfolio).

As a fund manager, MEVP's revenue model is built on management fees on assets under management (typically 1.5–2.5% of AUM) supplemented by carried interest from successful portfolio exits. Its most cited outcome is a partial exit from Fresha via a secondary sale in the $100M General Atlantic-led Series C (2021), generating a 39x cash-on-cash return and 88% IRR over a five-year hold. Recent co-investments alongside Emirates NBD, Mubadala, Morgan Stanley, Prosus Ventures, Dubai Future District Fund, and General Atlantic indicate the firm is increasingly embedded in institutional co-investment networks across the GCC and broader MENATP region.

Name

Middle East Venture Partners

Legal name

Middle East Venture Capital

Website

https://mevp.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Middle East Venture Partners is a Dubai-based venture capital firm managing four regional technology-focused funds ($300M+ AUM) that invests in early and growth-stage startups across MENA, Sub-Saharan Africa, Pakistan, and Turkey, led by co-CEOs Walid Hanna and Walid Mansour.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital investing
• Technology startup funding
• Early-stage equity capital
• Growth-stage investment funds
• MENA venture capital

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 funds typically charge management fees on assets under management as the primary revenue stream for fund operations.
2. Carried Interest: Performance-based carried interest from successful portfolio exits. MEVP achieved 39x Cash-on-Cash return and 88% IRR from their partial exit in Fresha over a 5-year holding period.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Middle East Venture Partners is a venture capital firm that provides early and growth-stage equity funding to technology startups across the MENATP region. The firm operates four regional technology-focused venture capital funds (MEVF I through MEVF IV) with combined assets under management of $300M+ and $1.6B in co-investments, deploying ticket sizes ranging from $300K to $5M+ into sectors including Fintech, SaaS, Health-tech, Edtech, Logistics, E-commerce, On-demand services, Marketplaces, Mobility, and Web3. MEVP has invested in more than 60 portfolio companies across MENA, Sub-Saharan Africa, Pakistan, and Turkey.

Product overview

Middle East Venture Partners (MEVP) is a venture capital firm offering investment products through multiple regional technology-focused funds (MEVF I through MEVF IV). The firm's core offering consists of venture funds targeting different growth stages—from early seed investments through Series B growth capital—spanning sectors including FinTech, PropTech, HealthTech, SaaS, E-commerce, Mobility, and AI. MEVP manages four funds with over $300 million in assets under management and $1.6 billion in co-investments, having invested in 60+ portfolio companies across MENA, Sub-Saharan Africa, Pakistan, and Turkey. The funds provide patient capital to technology founders, with ticket sizes ranging from $300K to $5M+ depending on the fund and investment stage.

Differentiator

Problem solved

Functional benefit

Products and services

• Middle East Venture Fund IV (MEVF IV) MEVP's fourth regional venture capital fund targeting $150 million in capital, anchored by the European Investment Bank. Focuses on early and growth-stage technology startups across the MENATP region with ticket sizes of $3M to $5M, investing in sectors including Fintech, SaaS, Health-tech, Edtech, Logistics, Ecommerce, On-demand services, Marketplaces, and Web3.
• Middle East Venture Fund III (MEVFIII) Growth-stage fund focusing on technology startups raising Series B rounds. With a fund size of $90M and ticket sizes of $3M+, it targets sectors including SaaS, Logistics, Health-tech, On-demand, Fintech, and Mobility across MENA and Turkey.
• Middle East Venture Fund II (MEVFII) Second MENA-centric fund targeting early stage technology companies in new media, e-commerce marketplaces and enterprise SaaS. Fund size of $32M with ticket sizes ranging from $300K to $3M, focusing on MENA region.

Quantifiable outcome

• 39x Cash-on-Cash return and 88% IRR from Fresha exit over 5-year holding period
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• STV (Saudi Technology Ventures): Saudi Arabia-based venture capital firm investing in MENA tech startups across stages. Directly comparable peer in MENAP focus, with overlapping portfolio companies (e.g., Stake Series B) and similar check sizes.
• BECO Capital: Dubai-based early-stage venture capital firm investing in MENA tech startups. Direct peer to MEVP with overlapping sector focus (marketplaces, SaaS, fintech) and similar fund-stage positioning in the regional VC ecosystem.
• Wamda Capital: MENA-focused venture capital firm investing in early-to-growth-stage technology startups across the region. Directly comparable to MEVP in geographic focus (MENAP), stage, and sector mandate.
• Algebra Ventures: Egypt-focused early-stage venture capital firm investing in MENA tech startups. Co-invested with MEVP in Yodawy; comparable as a regional MENA VC with similar ticket sizes and stage focus.
• Global Ventures: Cairo and Dubai-based venture capital firm backing MENA and Africa-focused tech startups. Co-invested alongside MEVP (e.g., Yodawy Series B), making it a directly comparable peer in mandate and geography.
• 500 Global (500 Startups): Global venture capital firm with significant MENA/MENAP presence, investing in early-stage tech startups. Directly comparable in stage, sector, and regional focus; co-invested with MEVP in Spare's pre-Series A.

Broad incumbents

• Partech: Global venture capital firm with strong MENA and Africa presence; led Fresha's Series B alongside MEVP. Comparable as a co-investor in MEVP's flagship portfolio companies, though broader in geographic mandate.
• Mubadala Capital Ventures: Abu Dhabi sovereign wealth fund's venture arm deploying capital across MENA and globally. Overlaps with MEVP as a major institutional investor in the same regional deals (e.g., Stake Series B via MENA Venture Capital Fund), but operates at materially larger scale.
• Prosus Ventures: Global venture arm of Prosus with active MENA exposure, having co-invested alongside MEVP in Zest Equity. Broader incumbent with global portfolio but directly comparable on MENA tech deals.

Emerging players

• Vision Ventures: Saudi Arabia-based venture capital firm investing in MENA tech startups at early to growth stages. Co-invested alongside MEVP in Spare's pre-Series A; emerging regional peer with narrower fund scale but overlapping thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MEVPcapital
• Facebookfacebook.com/middleeastvp
• LinkedInlinkedin.com/company/middle-east-venture-partners
• 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

Investments2 records

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

Frequently asked questions about Middle East Venture Partners