Leading regional venture capital firm Middle East Venture Partners (MEVP) has released its 2025 year-in-review, highlighting a period of significant execution and strategic growth. The firm announced the successful final close of its fourth fund, MEVF IV, and detailed substantial capital deployment into promising technology startups across the MENA region.
MEVF IV Final Close and Investment Strategy
In May 2025, MEVP successfully completed the final close of its Middle East Venture Fund IV (MEVF IV) at $102.5 million. Since its initial launch in 2023, the fund has backed 18 companies poised to become the next generation of technology leaders in the region.
Throughout 2025, the firm deployed $18.1 million across eight new investments and two follow-on rounds. This activity was primarily focused on high-growth sectors including FinTech, Infrastructure, and AI-enabled platforms, aligning with the dominant investment trends observed across the MENA landscape.
New Portfolio Additions
MEVP’s 2025 investments spanned various stages and sectors, reinforcing its commitment to fostering innovation. New companies joining the MEVF IV portfolio include:
- Applied AI: An enterprise AI company that raised an oversubscribed $35M Series A round.
- Kamel Pay: A neobank for GCC’s blue-collar workers, securing a $3.5M Series A.
- Wealthy: A wealth and portfolio management platform for financial institutions, raising a $2M Seed round.
- LNDDO: A UAE-based SME financing fintech, closing a $4M Pre-Series A round.
- DAPI: An open finance infrastructure provider in the GCC, raising a $4.95M Series A round.
- KAINO: An AI company building advanced data models for enterprises, raising a $2.9M Pre-Seed round.
- Salesfine: A Saudi B2B BNPL startup for SMEs, securing a $2.5M Pre-Series A.
- Moni: A Bahrain-based fintech offering short-term consumer loans, closing a $2M Seed round.
Championing Ecosystem Growth
Beyond direct investments, MEVP played an active role in strengthening the regional tech ecosystem. In November, the firm co-organized the Tech, AI & Innovation Summit 2025 with the Ministry of AI, which brought together over 500 stakeholders and marked the official launch of LEAP, the country’s first National Digital-Tech and Artificial Intelligence Strategy.
The firm also demonstrated its commitment to sustainable practices by publishing its first official ESG report tailored to MEVF IV. Furthermore, MEVP facilitated $32 million in co-investments in 2025, acting as a key catalyst for capital deployment in the region.
Portfolio Momentum
Several of MEVP’s portfolio companies achieved significant milestones in 2025. Property Finder announced a strategic partnership with Stake to broaden access to real estate investment, while Keyper integrated its “rent now, pay monthly” solution into the Property Finder platform.
Ziina launched its new Visa-powered digital card, Zest Equity secured its Financial Services Permission (FSP) to enhance its private-market transaction platform, and Kamel Pay received in-principle approval from the Central Bank to offer full payroll and business payment services.
About Middle East Venture Partners (MEVP)
Middle East Venture Partners (MEVP) is a leading venture capital firm in the Middle East and North Africa region. With offices in Dubai, Riyadh, and Beirut, MEVP focuses on investing in the early and growth stages of innovative technology companies. The firm is committed to backing visionary founders and accelerating digital transformation across MENA.
Source: MEVP Report
