Vivium Holding, MEVP partner to fuel tech startup growth

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Vivium Holding has recently announced its partnership with MEVP (Middle East Venture Partners) as the Cornerstone Partner, marking a significant milestone in their collaboration.

MEVP, a venture capital asset manager in the MENA region, has been a pioneer in venture capital investing for over a decade, with a track record of successful investments in technology startups across various sectors.

The partnership between brings together their shared vision and commitment to investing in talent, ideas and building impactful brands for future generations. By joining forces as the cornerstone partner, Vivium Holding aims to leverage MEVP’s expertise and resources to identify and support promising technology startups in the MENA region.

Vivium Holding has a focused investment portfolio encompassing luxury residential and hospitality, technology, and passion investments such as art and design. Its goal is to create purposeful value for investors, stakeholders and businesses in the MENA region.

MEVP currently manages four technology-focused venture capital funds, with over $300m in assets under management and $1.6bn in co-investments. With a proven track record, MEVP has successfully supported more than 60 startups across the MENA region, including industry leaders like Anghami, HyperPay, and Fresha.

The partnership comes as MEVP launches its fourth flagship MENA VC fund, the Middle East Venture Fund IV (MEVF IV), with a target size of $150m.

MEVF IV will primarily focus on investing in innovative early-stage and growth-stage technology companies, supporting their growth and transformation into MENA market leaders.

“We are pleased to join MEVP in this strategic partnership that underscores our commitment to support the growth of innovative start-ups in MENA.” said Elie Khouri, founder and CEO of Vivium Holding. “Together, we will accelerate the development of the region’s thriving VC ecosystem, empowering start-ups to grow into mainstream regional and global champions and to create long-term sustainable businesses.”

Walid Hanna, chairman and co-CEO of MEVP added: “My MEVP Partners and I are thrilled to have Vivium Holding join us as Cornerstone Partner.

Vivium Holding’s strong focus on technology investments and their global perspective on innovation will complement MEVP’s existing capabilities, allowing us to together create even more value to both our portfolios and to the wider entrepreneurship community in the MENA region.”

Vivium Holding funds Stake

In other news, last year, Stake, a Dubai-based digital real estate investment platform secured over $8m in a pre-series A funding round.

The funding was backed by venture capital investors, Middle East Venture Partners (MEVP) and BY Ventures, and also included participation from returning investors Vivium Holding and Combined Growth Real Estate.

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region.

Read: Dubai’s property investment platform Stake raises $8m in pre-series A funding