MEVP Invests USD 30 Million In Middle East Based Startups

Middle East Venture Partners announced the first round of investments as part of its USD 30 million MEVP II fund.mevpLast year in December, Middle East Venture Partners (Mevp) announced that the company would be investing in more than a dozen digital media companies in the UAE in the next three years with an investment of USD 30 million (Dh110 million). an online marketplace specializing in gift cards throughout the MENA. Customers can purchase gift cards using web and mobile devices, to be delivered through email, Facebook, or mobile.

Lamsa: a platform for digital edutainment content for children (in which MEVP has previously invested).

The Luxury Closet: an online marketplace for luxury handbags, shoes, and other accessories on a consignment basis.

Altibbi: an online Arabic language medical services platform (in which MEVP has also previously invested).

The Dubai-based venture capital firm plans to invest in internet start ups focusing on e-commerce, edutainment and payments.


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