Dubai Angel Investors Teams Up with MEVP to Fuel MENA Tech Growth
Deal News | Nov 14, 2024 | Zawya

Dubai Angel Investors (DAI), a renowned network focused on investing in early-stage technology businesses, has announced a strategic partnership with Middle East Venture Partners (MEVP), a prominent venture capital asset management firm in the MENA region. This collaboration aims to support DAI’s portfolio companies, facilitate successful exits, and strengthen the MENA technology ecosystem. MEVP will oversee portfolio management services for DAI's 30+ investments, continuing DAI's tradition of hosting 'Pitch Nights' for tech entrepreneurs. MEVP will also assign personnel to manage the DAI platform and appoint a partner to the DAI Board of Directors. The alliance brings MEVP’s asset management expertise to DAI’s investments, enhancing startup support across the region. Leading voices such as Abdullah Mutawi, Chairman of DAI, and Rabih Khoury, Managing Partner at MEVP, express optimism about the partnership, aimed at empowering high-potential startups and accelerating growth. Both organizations are committed to fostering early-stage entrepreneurship, combining MEVP's $300+ million in assets and DAI’s investor network.
Sectors
- Venture Capital
- Technology
Geography
- Middle East and North Africa (MENA) – The partnership and activities described in the article specifically target the MENA region, aiming to strengthen the tech ecosystem there.
- Dubai, UAE – Dubai is highlighted as the base location for Dubai Angel Investors, playing a central role in the targeted geographic strategy.
Industry
- Venture Capital – This sector is relevant as the article discusses the partnership between Dubai Angel Investors and Middle East Venture Partners, both of which are involved in venture capital activities supporting early-stage technology companies.
- Technology – The technology sector is pertinent because the investment focus is on early-stage tech startups in the MENA region.
Financials
- USD 50k-$250k – Investment range for DAI per startup in seed and pre-Series A technology investments.
- USD 300 million – Assets under management by Middle East Venture Partners across its regional technology-focused venture capital funds.
- USD 1.6 Billion – MEVP’s cumulative co-investments alongside its managed funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dubai Angel Investors | Investor, Target | Company | A member-led Micro-VC collective investing in early-stage technology startups in the MENA region. |
| Middle East Venture Partners | Investor, Partner | Company | A leading venture capital asset management firm in the MENA region managing tech-focused funds. |
| Abdullah Mutawi | Chairman of DAI | Person | Chairman of Dubai Angel Investors and a key spokesperson in announcing the partnership with MEVP. |
| Rabih Khoury | Managing Partner at MEVP | Person | An executive at MEVP expressing enthusiasm for supporting startups through the partnership with DAI. |