Middle East Venture Partners

Altibbi, a digital health platform focused on businesses and consumers in the Middle East-North Africa region, raised a $6.5 million funding round. Dash Ventures and Middle East Venture Partners led the round, while three new strategic investors -- TAMM, RIMCO Investments and Endeavor’s Catalyst Fund – participated.

Modacruz, a Turkish mobile marketplace of second hand women's fashions, has raised $2 million in Series B funding. Middle East Venture Partners led the round with participation from Hummingbird and Nevzat Aydin.

Dubai-based Shedul.com, a booking platform and software provider for salons and spas, has raised $6 million in Series A financing. Middle East Venture Partners led the round with participation from BECO Capital and Lumia Capital.

Scriptr.io raised $4 million in Series A funding from Middle East Venture Partners, Berytech Fund and Insure & Match Capital. The New York-based startup offers a platform for developers of internet of things technologies.

Middle East Venture Partners has held a first close on $15 million on Middle East Venture Fund II to invest in the region's tech and mobile businesses. Middle East Venture aims to close the fund in the second quarter 2015 with $30 million.

Middle 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.

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.

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.

Bykea, a Pakistan-based on-demand transport and logistics platform, has raised a Series B funding round that brings the total tally to $22 million.

HyperPay, a payment service provider in the MENA region, has closed an 8-digit investment round.

A recap of recent venture-related fundraisings and filings; plus tables and data on closings worldwide

A summary of VC fundraisings and filings; plus tables on recent closings worldwide