Middle East Venture Partners

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:

Middle East Venture Partners, a venture capital firm based in Dubai and Beirut, has announced the second close of its fund Middle East Venture Fund II (MEVF II) at more than $30 million.

The Fund is MEVP's fourth venture capital fund, increasing the firm's total Assets Under Management to $120 million. With offices in Beirut, Dubai and Silicon Valley, MEVP is one of the largest VC firm in this region, with cross border investment appetite. Since inception, Middle East Venture Partners has invested in 28 companies.

Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.

More details follows

Middle East Venture Partners (MEVP) has announced a couple of new investments in 3 companies .

It is investing $400,000 in the fast food chain Shawarmanji, $250,000 in Arab recipe web portal Shahiya and $500,000 in the online book distribution company Cedar Books. These are co-investments between MEVP’s two funds Middle East Venture Fund MEVF and Building Block Equity Fund BBEF.

Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.

More details follows from the Daily Star

Middle East Venture Partners (MEVP), a Cayman Island fund managed by an ex-Dubai International Capital manager, has announced a couple of new investments in 4 companies.

The investments include acquiring stakes in The Luxury Closet, a UAE-based online market platform for luxury bags, Gate2Play, a Jordan-based e-payment solutions, Shahiya.com, a food recipes sites and
game developers of Wixel Studios. MEVP also made a second round of funding in the music portal Anghami.com, thus increasing its aggregate investment in the website to $1 million. (DubaiBeat past coverage on MEVP is here)

Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.

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, 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.

There is a good story about MEVP on the September 2010 issue of the Executive magazine. You can read it here. Also you can watch an interview with Walid here.

To see more venture capital firms focused on the Middle East like MEVP check our Middle East Investors Directory.

Their full press release follows