MEVP is a venture capital firm based in Dubai, founded in 2010, with an office in Riyadh. It invests in technology companies from early stages to growth, and its Saudi portfolio includes Hala, HyperPay and Erad.
About MEVP (Middle East Venture Partners)
MEVP was founded in 2010 and has launched four venture capital funds, with more than $300 million in assets under management. It has offices in Dubai, Abu Dhabi, Riyadh, Bahrain, Cairo and Beirut. Its Saudi team is led by two executives, and general partner Rabih Khoury moved to Riyadh in 2025. The firm says it has invested in Saudi Arabia since 2012, and that nearly 90% of its fourth fund's investments are directed to Saudi Arabia and the UAE.
The fourth fund, MEVF IV, launched in 2023 with a target size of $120 million, and the Saudi Venture Capital Company (December 2024) and Riyadh Valley Company invested in it.
What it invests in
- Stages
- Seed, Series A, Series B, Growth
- Sectors
- All sectors
- Fund size (More than $300 million across four funds)
- $300M (2025-01) Source
- Among the fund’s investors
- SVC
From its portfolio
Nana
A grocery and everyday-orders delivery app in Saudi Arabia that started with supermarket shopping, then moved to warehouses inside neighborhoods
- Stage
- Series C
- Raised
- $207M
- Founded
- 2016
- City
- Riyadh
TruKKer
A digital platform for trucking freight that connects companies with truck owners in the Gulf and the region
- Stage
- Series C
- Raised
- $170.4M
- Founded
- 2016
- City
- Riyadh
Hala
One app for small businesses: a payment device, a business account, a card and financing
- Stage
- Series B
- Raised
- $161.5M
- Founded
- 2017
- City
- Riyadh
Erad
Shariah-compliant financing for small and medium businesses based on their sales data, with repayment that follows their revenue
- Stage
- Series A
- Raised
- $40.4M
- Founded
- 2022
- City
- Riyadh
HyperPay
An online payment gateway for stores that accepts mada, Visa, Mastercard and Apple Pay, with expense cards for companies
- Stage
- Series B
- Raised
- $36.8M
- Founded
- 2014
- City
- Riyadh
Team
- Walid HannaFounder, Chairman & Co-CEO
- Walid MansourCo-founder & Co-CEO
- Rabih I. KhouryGeneral Partner & Chief Exit Officer
- Ali AlmajthoobPartner