MEVP Announces 5 New Rounds of Investments

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Wael Nabbout
Mar 29 2012
Investment
MEVP Announces 5 New Rounds of Investments
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Middle East Venture Partners (MEVP), a Middle East focused venture capital firm that invests in early and growth stage companies, just announced five new rounds of investments, including two companies receiving 2nd round funding, during the ArabNet Digital Summit, Forum Day one.

The companies are:

Anghami.com, an “all you can eat” mobile music and web music streaming service targeting the Arab World with premium Arabic and foreign music content. A major Turkey based VC is investing alongside MEVP in this round.

Laimoon.com, a job search engine with an intuitive user interface and higher relevancy. Currently focused on jobs in the UAE and Qatar, Laimoon is helping companies easily connect with talented professionals. Expansion plans to the rest of the Middle East are underway. An institutional UAE based investor is investing alongside MEVP in this round.

Box & Automation Solutions,  a cash management, audit and treasury solutions provider, via the SWIFT network. It allows treasurers and decision makers to fully monitor and audit their global cash positions in real time. Sigma Gestion, a French SME fund is co-investing alongside MEVP in this round.

The MEVP portfolio companies that are benefiting from a 2nd round of financing are:

Pin-Pay SAL, a mobile banking services provider allowing users to use their mobile phones to to pay and receive payments into their bank accounts. Bank Med and Bank Audi have both invested alongside MEVP in this second round.

Mezzabites Technologies Company LTD. (Falafel Games), a designer and producer of Arabic content online MMO games targeting MENA audience. The venture arm of the project is Dubai-based Satcaster, MBC Group, under their new division, “MBC Ventures”, are investing alongside MEVP in this round.