Venture Fund Closes Four New Investments in Regional Technology Start-ups (MENA)

Source: Zawya  |  Author: Hussam Muhieddine

Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has completed four Series A investments during the third quarter of 2012. MEVP invested in two Lebanese companies: Wixel Studios, a developer of games for tablets and smartphones, and, a website and mobile application for sharing user-generated Arabic food recipes. The firm also invested in Gate2Play, a Jordanian electronic payment processing company, and United Arab Emirates-based The Luxury Closet, an online luxury bag retailer. MEVP manages one fund, the Middle East Venture Partners Fund.