Middle East Venture Partners Closes US$10 Million Of New Fund

| Jun 16, 2010 | comment 1 Comment

Middle East Venture PartnersMiddle East Venture Partners (MEVP), a Middle East focused venture capital firm that was launched last year with the goal of covering the early and growth stage funding space in the region, just announced the first close of US$10 million of their new fund, Middle East Venture Fund L.P. (MEVF).

MEVP’s fundraising goal is to exceed US$20 Million in total funds under management, with their mission being to focus on funding and building world-class companies with innovative products and services.

They aim to accomplish this by working closely with entrepreneurs, adding value through their wide network of relationships, providing business strategy and corporate finance advice, adhering to corporate governance best-practices, and building synergies between their portfolio companies and professional services partners.

MEVP says they’re initially looking at the consumer technology and consumer products and services sector for their investments, but will also be considering ventures in B2B services, logistics, food processing, and hospitality.

MEVP was founded by Walid Hanna, Rani Saad, and Tarek Sadi. Who have an accumulated forty years of experience between them in entrepreneurship, venture capital, global innovation acceleration, multinational corporate development, and strategic finance. They have invested and operate within and outside the MENA region and have been involved with leading startups, multinationals, and private investment funds.

To submit your business plan to Middle East Venture Partners (MEVP), you can use the following email address: info@mevp.com

  • fougr

    Thankx for the info, but there is no explanation about the condition how to submit or what is website criteria/categories. Anyway this is good information..

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