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FinancialNews
05-10-17
MENA-focused VC fund MEVP to back region's tech entrepreneurs
(MENAFN) One of the biggest venture capital companies in the Middle East and North Africa region, MEVP announced the launch of its third MENA venture capital fund, the Middle East Venture Fund III (MEVFIII), with a target size of USD250 million.
MEVFIII will invest in innovative early-stage and growth-stage tech companies in the MENA and Turkey region.
Their target being Marketplaces/On-Demand, Online travel, EdTech, Content/New Media and HealthTech.
Launched in 2010, with offices in Dubai and Beirut, MEVP currently manages four regional technology-focused venture capital funds with over than USD120 million in assets under management and USD100 million in co-investments.
To date, MEVP's team, comprising 23 investment professionals, have invested in more than 40 portfolio companies across Mena and Turkey region.
MENAFN0510201700450000ID1095921598
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