The Middle East Venture Partners capital firm announced Monday that it has added new rounds of investments to its portfolio in five different companies.
In a press release, MEVP declared investment in Anghami.com which provides mobile music and web music streaming service targeting the Arab World, with premium Arabic and foreign music content. A Turkey based VC is investing alongside MEVP in this round.
MEVP has also added to its portfolio investment Laimoon.com, a job search engine currently focused on jobs in the UAE and Qatar.
Laimoon helps companies easily connect with talented professionals. An institutional UAE based investor will be investing alongside MEVP in this round.
Box & Automation Solutions, a cash management, audit and treasury solutions provider, via the SWIFT network has also joined MEVP’s portfolio.
It allows treasurers and decision makers to fully monitor and audit their global cash positions in real time. Sigma Gestion, a French SME fund is co-investing alongside MEVP in this round.
Pin-Pay, a mobile payment service provider allowing mobile phone users to pay and receive payments into their bank accounts, is the fourth company in which MEVP has invested along with Bank Med and Bank Audi.
As for the fifth company, it is Mezzabites Technologies Company LTD. (Falafel Games), a designer and producer of Arabic content online MMO games targeting MENA audience.
The venture arm of the project is Dubai-based Satcaster, MBC Group, under their new division, “MBC Ventures,” are investing alongside MEVP in this round.
MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative companies run by talented entrepreneurs primarily, but not exclusively, in Lebanon and the greater Levant region.
MEVP has a unique combination of backgrounds and expertise that allows it to partner with innovative entrepreneurs and help them grow and develop, especially in their early stages.
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