March 2nd, 2020
New Investments
MEVFIII Investments in 2019
Series A round of
$6.6 million
Preparing for a Series B round of $15 million (closing in progress)
Nana is a Saudi Arabia-based online platform for grocery ordering and delivery
Series A round of
$5.7 million
Preparing for a Series B round
The "Super App" of Pakistan: Bykea is a hyper-local marketplace providing ride-hailing, parcels, food delivery, and cash payments, leveraging a fleet of motorcycle drivers
Series A round of
$23 million
TruKKer is the leading online trucking marketplace in MENA
Undisclosed round details
Meet rise, the fintech platform revolutionizing access to financial products for the un-banked sector
Series A round of
$15 million
Halan is Egypt's fastest growing tech mobility company
Bridge round of
$7.5 million
One Click Delivery Services is a technology platform enabling seamless delivery services from local businesses to the consumers’ doorsteps
Impact Fund Investment
Series A round of
$3.5 million
Toters is a tech-enabled food ordering and delivery platform
Our Portfolio Companies in the News
MAR 2020
MEVP is in the process of exiting a portion of its ownership stake in Shedul, at a 28x cash-on-cash multiple. Stay tuned for more info
20 JAN 2020
Sarwa raised $8.4M Series A led by KIPCO

26 DEC 2019
HyperPay raised an eight-figure investment for its payment processing platform
11 NOV 2019
TruKKer raised $23M in one of MENA's largest Series A rounds
09 OCT 2019
Regulatory Sandbox Initiatives by MENA Countries
08 AUG 2019
Middle East Venture Partners invested $2 Million in Bykea
07 AUG 2019
FADEL named a Top Solution Provider for Contract, Rights and Royalties Management in the “Infrastructure Software for Global Digital Publishing Report 2019”
20 MAY 2019
The Luxury Closet closed $11 million growth funding round




11 APR 2019
World’s fastest growing beauty booking platform Shedul.com raised $20 million Series B. MEVFII partially exited at 17x cash-on-cash (116% IRR)

02 APR 2019
Wego partners with Samsung to preinstall its application on Samsung smartphones
11 MAR 2019
MEVP and Wamda to Manage $10M Of DIFC’s Fintech Fund

28 FEB 2019
MEVP Annual Investor Conference 2019

Selected Portfolio Companies Updates
- Rebranded to Fresha
- Booked more than 170M appointments at a total value of $6B since launch
- Raised $20M round led by Partech
- Huda Kattan invested in Fresha
- Advanced talks with 2 major players for an acquisition
- JP Morgan has been engaged to raise $100 million between primary and secondary for Anghami
- Exceeded 1.4M trips a month
- Launched Bykea Cash
- Preparing a large equity round with the participation of an international media group
- Largest luxury marketplace in MENA with more than 30K SKUs, encircling demand from USA all the way to Hong Kong
- Mandated Awad Capital to raise a new round
- Closed key business clients: T-Mobile, Bandai Namco, Hachette Livre and Media Participation
- Expanding to France
- Exceeded 7M deliveries
- Closed a $7.5M round
- Delivering over 50K orders per month
- Partnered with Carrefour, Hyper Panda and other Saudi supermarkets
- Closed one of the largest Series A in the region ($23M)
- Closed a $5M debt deal and expecting to sign a larger one soon
- Expanded to Egypt with an office in Cairo and 3 ports offices
- More than 19M trips booked
- Launched e-commerce store on the Halan app
- Largest platform in the middle east for home cleaning services
- Exceeded 2M booked cleanings
- Available in 13 cities across the GCC
- Crossed the $3M in ARR and is running a fleet of 250 buses
- Closed an eight-figure USD investment. The round was led by Saudi-based Mad’a Investment Company and joined by Saudi Venture Capital Company
- Acquired 40 new clients in 2019, including the marquee white-labeling deal with DNB Norway
- Raised one of the largest series A rounds ($8.4M) for a fintech company in MENA (led by KIPCO)
- Crossed 10,000 registered users in December 2019
- Expanded service across major cities of Lebanon
- Launched operations in Iraq and Saudi Arabia
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