Middle East Venture Partners (MEVP) has announced three new investments in three companies based in Lebanon, UAE and Hong Kong.
According to MEVP managing partner, all fundings are of relatively small size but they will select standout companies from their portfolio and provide each with up to $2 million in subsequent rounds. We covered their previous investments here.
Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.
Their full press release follows
Middle East Venture Partners (MEVP) has announced three new investments, this brings the number of MEVP portfolio companies to six. The funding will help fuel the companies' next stage of growth and their pursuit of regional expansion. "We are extremely excited to be supporting companies with such strong teams, market expertise and technology innovation" said Walid Hanna Managing Partner of MEVP.
The three companies benefiting from MEVP's investment are as follows:
- Body & Soul LTD (Lebanon/Regional): Manufactures and exports natural and organic personal care products with a focus on regional tastes and preferences. The company manufactures in Lebanon. It sells its products through one store in Lebanon and three franchised stores in Jordan, Bahrain and Saudi Arabia. Visit www.bodyandsoul.me
- Droid Shield FZCO (UAE/Global): Cloud-based, Android-focused, remote device management and control solution provider, Droid Shield delivers a simple to use, scalable and flexible solution to individual and corporate clients. Visit www.droidshield.com
- Falafel Games (Hong Kong/Regional): Designs and produces Arabic-content online games for the MENA audience. Falafel Games focuses on producing massively-multiplayer-online (MMO) games, with themes derived from Arab culture and history. Visit www.falafel-games.com
"All of MEVP's six investments to-date are relatively small. However, we will select standout companies from our portfolio and provide each with up to US$2 million in subsequent rounds. In addition, we will continue to support them with every resource available to us" said Walid Hanna.
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