Middle East Venture Partners related stories
All articles and analysis
Middle East Venture Partners raises Lebanese VC fund of more than $50 mlnMiddle East Venture Partners said it raised its IMPACT Fund with commitments of more than $50 million. It described the fund in a press release as the largest venture capital fund in Lebanon and the first fund to comply with Banque du Liban’s Intermediate Circular 331. The Fund is co‐sponsored by BLOM Invest Bank and MedSecurities Investment, and has received first close commitments from Lebanese banks including BLOM Invest Bank, BankMed, Bank Audi, Fransabank, Credit Libanais Investment Bank and Al‐Mawarid Bank. The Middle East Venture Partners expects several additional banks to join the second closing, including Banque Libano‐Francaise, Bank of Beirut, BBAC, LGB Bank and First National Bank, BML.
- MEVP invests in FADEL
FADEL has received an undisclosed amount of Series A financing. Middle East Venture Partners led the round. Also, Walid Mansour, a managing partner at MEVP, has been added to FADEL's board of directors. FADEL is a provider of intellectual property rights and royalty management software for a variety of industries.
- Middle East Venture Partners and Rising Tide Fund back Fuel
Fuel has raised $3.5 million from Middle East Venture Partners and Rising Tide Fund. Fuel is a platform for creating connected experiences on mobile games.