MEVP, a Middle East-focused venture capital firm that invests in innovative companies in the early and growth stages, has conducted its Annual Investor Conference in Dubai in order to explore opportunities and growth prospects in the Middle East and North Africa (MENA) tech ecosystem.
The conference emphasized the need for dedicated capital for regional tech entrepreneurs to create and raise local champions, as well as continued support through specialized expertise, and operational backing to enable them to reach their next level of growth.
“MEVP has been the pioneer and leading force behind the region’s venture capital investment industry for 11 years, and we will continue to nurture the growth of the region’s tech-focused entrepreneurial space. Despite the market evolution, there remains a significant lag in the amount of local capital available for growth stage venture capital funding – especially at such an opportune time for the region. Globally, we are noticing increased interest from international tech companies and venture capital investors who are eyeing favorable fundamentals reinforced by an acceleration in digitization. This emphasizes our ambitions to continue being a key player and position the region’s startup ecosystem as one of the most attractive and thriving in the world.”
Further, the Annual Investor Conference featured keynote presentations and panel discussions by leading figures in the regional technology and entrepreneurial ecosystem, who covered a wide range of topics including the challenges and opportunities of scaling businesses in the region, the new wave of Fintech, and so on. A selected group of founders from the MEVP portfolio companies also presented their recent achievements and plans during the conference.
MEVP manages more than $400 million in total assets, including co-investments in three regional funds. MEVP is expected to continue its growth trajectory by building on its track record in MENA, further strengthening its position in Egypt, North Africa, and Sub-Saharan Africa. With its strong network of investors, ecosystem partners, and regulators, MEVP continues to be a transformational force behind the growth of the tech ecosystem in MENA region.