Dubai Angel Investors Partners with MEVP to Boost Startup Growth
20 November 2024•
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(L-R): Abdullah Mutawi, Chairman of DAI and Rabih Khoury, Managing Partner at MEVP
Dubai Angel Investors (DAI) has partnered with Middle East Venture Partners (MEVP) to enhance its investment portfolio management, covering over 30 startups. MEVP will provide expert portfolio management services, focusing on company growth and identifying new investment opportunities.
The collaboration extends to the continuation of DAI Pitch Nights, a platform enabling entrepreneurs to present their ideas to investors. MEVP will also allocate a dedicated team to oversee the portfolio and appoint a partner to DAI’s board, leveraging its expertise to maximize returns and foster investment expansion.
DAI unites over 100 investors, funding tech startups with amounts between $50,000 and $250,000. MEVP manages regional tech-focused funds with $300 million in assets and co-investments totaling $1.6 billion, supporting 70+ companies across the Middle East, Africa, Pakistan, and Turkey. This partnership is a significant boost for the region's entrepreneurial landscape and the growth of promising startups.
Source: EntArabi
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