MEVP Launches Third Venture Capital Fund in MENA

MEVP Launches Third Venture Capital Fund in MENA

Middle East Venture Partners (MEVP) announced the launch of the third MENA venture capital fund worth USD 250 mn, Invest-Gate reports.

The fund, in partnership with Emaar Properties’ Chairman Mohamed Alabbar, will invest in IT startups in the MENA region.

It will particularly focus its investments on innovative early-stage and growth-stage tech companies.

Earlier this year, Alabbar acquired a large stake in MEVP and entered a strategic partnership that aims to create one of the leading venture capital investment platforms in the region.

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