Middle East Venture Partners (MEVP), has announced their three first investments in Lebanese-based companies: Pin-Pay, iLevel, and Multilane.
This round of funding from MEVP is meant as a growth investment in these companies to assist them in pursuing regional growth and development plans in addition to extending their product offerings.
Middle 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.