- DAI partners with MEVP to boost MENA tech ecosystem growth
- MEVP to manage DAI’s portfolio of 30+ investments
- DAI’s “Pitch Nights” continue under MEVP’s leadership
Dubai Angel Investors (DAI), a network focused on early-stage tech companies, has formed a strategic partnership with Middle East Venture Partners (MEVP).
Enhancing Support for Portfolio Companies
This partnership aims to enhance DAI’s promotion for the growth of the MENA tech ecosystem.
MEVP, a venture capital firm in the MENA region, will manage DAI’s portfolio of more than 30 existing investments, driving future growth and successful exits.
The firm will also continue DAI’s signature “DAI Pitch Nights,” giving entrepreneurs a platform to pitch their ventures to investors for funding and support.
Moreover, this collaboration leverages MEVP’s expertise in venture capital and portfolio management to strengthen the DAI platform.
Continued Focus on Entrepreneurial Growth
“Partnering with MEVP is a major step in DAI’s mission to empower high-potential startups across the MENA region,” said Abdullah Mutawi, Chairman of DAI.
“This partnership brings institutional rigor, deeper capabilities, and expertise in capital raising, portfolio management, and exits to better support the companies we back,” Mutawi noted.
Rabih Khoury, Managing Partner at MEVP, stated, “We are excited to partner with DAI to support the region’s most promising startups.
“Our combined networks and expertise will accelerate growth for both entrepreneurs and investors.
“Supporting early-stage tech entrepreneurship in MENA has always been a priority for us, and continuing DAI’s impactful work is vital for the ecosystem,” Khoury added.
MEVP and DAI Potential Approach
DAI is a collective of more than 100 investors, backing seed and pre-Series A tech startups. The company’s investments are ranging from USD 50,000 to USD 250,000.
Operating as a fully capitalized investment company, the company combines funding with mentorship. It also has an extensive network to help founders scale from concept to success.
MEVP is also a pioneering venture capital firm in MENA. It is managing four regional funds with over USD 300 million in assets. The firm has invested in over 70 companies across MENA, Sub-Saharan Africa, Pakistan, and Turkey.
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