Dubai venture capital firm invested in Singapore online travel company
Dubai-based venture capital firm Middle East Venture Partners MEVP has acquired stake in WeGo, an online travel marketplace based in Singapore.
Founded in 2005, Wego is now headquartered in Singapore and Dubai with regional operations in Bangalore and Jakarta. Current Investors include Tiger Global Management, Crescent Point Group, SquarePeg Capital and MBC Group. MEVP investment size is not disclosed, but Wego has so far raised around $57 million, the latest of which reportedly a $12 million investment from MBC Group.
(With offices in Beirut, Dubai and Silicon Valley, MEVP has more than $120 million in assets under management. They have 23 investment professionals and have invested in more than 40 companies).
Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.
More details follows:
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