MEVP’s new fund in line for DFI commitment

Image Credit: Pixabay

A key European development finance institution is evaluating a potential investment in Middle East Venture Partners‘ latest fund. If approved, Middle East Venture Fund IV (MEVF IV) will be as much as $18 million closer to its final goal of $150 million thanks to the European Investment Bank. Once it reaches its final close target, the fun will be larger than its three MEVF predecessors combined.

MEVF IV will make early-stage investments invest tech startups primarily in the Levant and North Africa across a range of tech subsectors such as FinTech, eCommerce, logistics, health tech, artificial intelligence, the Internet of Things, and Software-as-a-Service. While information on the fund’s typical deal sizes have not been made available, the fund’s immediate predecessor invests upward of $3 million in each of its transactions.

To read this article, you must be a paid subscription member. (Current members login here)

\"\"

Reserve your digital subscription today

Join now for $35 per month

Join now for $395 per year

for access to:

  • Weekly newsletter with original and curated news, analysis and perspective
  • Africa’s private capital deals, fund raises and the investment firms and executives involved
  • Portfolio company news that impacts value and stakeholder participation
  • Job moves and partnerships between leading market participants
  • Exclusive access to Africa Capital Digest’s full content archive

If you’d like more information on exceptional value group subscriptions for your colleagues and teams, please contact Teresa Hall at thall[at]africacapitaldigest.com today.