Middle East Venture Partners (MEVP) announced the second close of Middle East Venture Fund II (MEVF II), a venture capital fund, at $32 million.
MEVF II invests between $500,000 and $3 million in the region’s early stage tech and mobile businesses.
The fund is MEVP’s fourth venture capital (VC) fund, increasing the firm’s total Assets Under Management (AUM) to more than $120million, and establishing the firm as one of the largest institutional VC investors in the region.
MEVF II will invest throughout the GCC and wider Mena region, with a particular focus on the UAE. The Fund is already operational and has executed nine ventures across the region. – TradeArabia News Service
MEVP fund oversubscribed at $32m
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