Dubai – Sharikat Mubasher: Dubai Angel Investors (DAI), a prominent network of investors focused on early-stage technology companies, announced the signing of a strategic partnership with Middle East Venture Partners (MEVP), a leading venture capital asset manager in the MENA region.
This collaboration aims to strengthen DAI's support for its portfolio companies and foster the growth of the MENA tech ecosystem, according to a recent press release.
Under this partnership, MEVP will provide comprehensive portfolio management services for DAI's 30+ existing investments, facilitating future investments and supporting the growth and successful exits of these companies.
MEVP will also continue DAI's tradition of hosting its renowned "DAI Pitch Nights", which provide promising tech entrepreneurs with a nurturing platform to showcase their ventures to DAI investors and secure capital and business support.
To ensure professional management of the DAI platform, MEVP will assign dedicated personnel and appoint one of its partners to the DAI Board of Directors. This partnership leverages MEVP's extensive experience in venture capital asset management and portfolio optimization to further enhance the success of the DAI platform.
Abdullah Mutawi, Chairman of DAI commented: "Partnering with MEVP marks a significant milestone for DAI in our mission to empower high-potential startups across the MENA region. This collaboration allows us to bring institutional rigor, depth of capability as well as capital-raising, portfolio, and exit management assistance which will enable us to provide even greater expertise and resources to the innovative companies we support."
Rabih Khoury, Managing Partner at MEVP, added: "MEVP is thrilled to partner with DAI to support the region's most promising startups. Our combined expertise and networks will enable us to accelerate growth and create impactful investment opportunities that benefit both entrepreneurs and investors. MEVP has been committed to the growth of the MENA tech ecosystem from its infancy, and continuing the tradition of DAI's unique approach to fostering early-stage tech entrepreneurship in our region is very important for us and for the ecosystem as a whole."
