Middle East Venture Partners, a Cayman Island fund managed by an ex-Dubai International Capital manager Walid Hanna and his partners, has announced investments in three companies: Pin-Pay, iLevel, and Multilane.
MEVP fund is a Middle East focused venture capital firm with its first close at $10 million and the goal of reaching $20 million. Their limited partners are "two of the leading five Lebanese commercial banks, three large Lebanese conglomerates, and six individuals who are mostly Lebanese with a couple of Saudis" according to Hanna.
To see more venture capital firms focused on the Middle East like MEVP check our Middle East Investors Directory.
Their full press release follows
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