Dubai Angel Investors Partners with Middle East Venture Partners to Boost MENA Tech Ecosystem
Dubai, UAE – Dubai Angel Investors (DAI), a leading network of investors specializing in early-stage technology ventures, has entered into a strategic partnership with Middle East Venture Partners (MEVP), a prominent venture capital asset manager in the MENA region. The goal of this collaboration is to enhance DAI’s support for its existing portfolio of companies and foster the continued growth of the technology ecosystem in the MENA region.
A New Era for DAI’s Portfolio Management
As part of the new partnership, MEVP will provide comprehensive portfolio management services to support DAI’s 30+ investments. This includes facilitating future investments, helping companies grow, and managing successful exits. MEVP’s seasoned expertise in venture capital will ensure that the existing DAI portfolio receives the attention and guidance needed for success in an increasingly competitive market.
Moreover, MEVP will continue to support one of DAI’s signature events – the “DAI Pitch Nights”. This event serves as a platform for up-and-coming tech entrepreneurs to present their ventures to DAI investors, securing the capital and business support needed to scale.
Strengthening DAI’s Operations with Professional Management
To ensure that the partnership delivers maximum value, MEVP will allocate dedicated personnel to oversee DAI’s operations. Additionally, MEVP will appoint one of its partners to the DAI Board of Directors, helping to provide strategic oversight and guidance. With MEVP’s experience in venture capital asset management and portfolio optimization, the collaboration is set to take DAI to new heights.
Statements from Key Leaders
Abdullah Mutawi, Chairman of DAI, expressed enthusiasm about the new partnership: “Partnering with MEVP marks a significant milestone for DAI in our mission to empower high-potential startups across the MENA region. This collaboration allows us to bring institutional rigor, depth of capability, as well as capital-raising, portfolio, and exit management assistance, which will enable us to provide even greater expertise and resources to the innovative companies we support.”
Rabih Khoury, Managing Partner at MEVP, echoed the excitement: “MEVP is thrilled to partner with DAI to support the region’s most promising startups. Our combined expertise and networks will enable us to accelerate growth and create impactful investment opportunities that benefit both entrepreneurs and investors. MEVP has been committed to the growth of the MENA tech ecosystem from its infancy, and continuing the tradition of DAI’s unique approach to fostering early-stage tech entrepreneurship in our region is very important for us and for the ecosystem as a whole.”
About Dubai Angel Investors (DAI)
DAI is a member-led micro-VC collective consisting of over 100 sophisticated investors, focusing on seed and pre-Series A technology startups. With investments ranging from $50k to $250k, DAI differs from traditional venture funds by operating as a fully-capitalized investment company. Alongside capital, DAI provides hands-on mentorship and a powerful network of experienced entrepreneurs and executives to help startups scale from proof of concept to market success.
About Middle East Venture Partners (MEVP)
MEVP is one of the MENA region’s pioneering institutional venture capital firms, managing four regional technology-focused funds with over USD 300 million in assets under management and USD 1.6 billion in co-investments. With a team of 21 investment professionals, MEVP has invested in more than 70 portfolio companies across the MENA region, Sub-Saharan Africa, Pakistan, and Turkey. MEVP has long been committed to the development of the MENA tech ecosystem, and the partnership with DAI further solidifies this commitment.
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