Middle East Venture Partners concludes Fund IV, securing funds for further investments.
Middle East Venture Partners (MEVP), a Dubai-based venture capital firm, has recently announced the final close of its fourth investment vehicle. The fund, focusing primarily on technology companies in the Middle East and North Africa (MENA) region, is aimed at making transformative investments across the tech ecosystem.
While the exact size of this fourth fund is not explicitly stated, MEVP is known for managing over $300 million in assets. The firm has actively participated in sizeable Series A rounds and co-invested with notable global partners like Bessemer Venture Partners and G42.
MEVP's fourth fund continues the firm’s core focus on early and growth stage investments in innovative technology companies. It targets talented entrepreneurs building technology solutions that have strong potential in the MENA region but also global scalability. Recent portfolio companies include AI-powered automation platforms in regulated industries such as financial services, healthcare, and government, signaling a strategic interest in deep-tech and enterprise SaaS solutions.
The fund closing is intended to fuel private investment activity in the MENA region. MEVP plans to leverage its fourth fund to continue building global AI and technology leaders from the MENA region, focusing on companies that can drive socio-economic transformation. The firm intends to accelerate portfolio companies’ international expansion, strengthen product capabilities, and deepen regional influence.
MEVP aims to maintain its role as a pioneer and one of the largest VC firms in the Middle East, expanding its footprint through offices in multiple key cities including Dubai, Riyadh, Beirut, Cairo, and Amman. However, the article does not provide information about the tech startups MEVP has backed in its fourth investment vehicle, or further details about the capital deployment.
Elsewhere, African PE firm Mediterrania Capital Partners has marked the final close of Fund IV. Meanwhile, European VC firm Speedinvest is planning to onboard a key Limited Partner (LP) for its first Africa-focused fund, with the fund close expected in H2 2025. These developments underscore the growing interest in tech investment opportunities across Africa and the MENA region.
However, the final close of MEVP's fourth investment vehicle occurred after a delay, caused by macroeconomic headwinds, including rising interest rates and regional instability. Despite these challenges, MEVP remains committed to its mission of supporting and nurturing tech startups in the MENA region.
The fourth fund, managed by MEVP, will not only continue its focus on technology companies in the MENA region but also aim to drive socio-economic transformation and fuel private investment activity within that region. This new fund, with a strategic interest in deep-tech and enterprise SaaS solutions, is set to generate global AI and technology leaders from the MENA region.
