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Saturday, December 9, 2023

Vivium Holding Joins MEVP as Cornerstone Partner


Vivium Holding, a progressive single family office based in Dubai, is pleased to announce its partnership with MEVP (Middle East Venture Partners), a leading venture capital asset manager in the MENA region, as a cornerstone partner. The partnership marks a major milestone for both companies in expanding the scope of their investment and fostering growth and innovation in the region’s startup ecosystem.

MEVP has been at the forefront of venture capital investment in the MENA region for over a decade, with a proven track record of successfully investing in technology start-ups across a range of industries. Vivium Holding’s mission is to invest in talent, creativity and brand building to leave a meaningful intergenerational impact, create powerful synergies and strengthen collaborations. By joining forces with MEVP as a cornerstone partner, Vivium aims to leverage its expertise and resources to identify and support Mena’s most promising technology start-ups.

Vivium Holding is focused on creating value for investors, stakeholders and businesses in the MENA region through its diversified portfolio in passion investing sectors such as luxury residential and hospitality, technology and art and design.

MEVP currently manages four regional technology-focused venture capital funds with over $300 million in assets under management and $1.6 billion in co-investments. MEVP has successfully backed more than 60 of Mena’s start-ups, including industry leader Anghami (a leader in music streaming and digital entertainment for Mena, now listed on NASDAQ), digital payment infrastructure provider HyperPay, and global One of the top digital marketplaces for Fresha beauty and wellness services.

The partnership follows MEVP’s launch of its fourth flagship Mena VC fund, the Middle East Venture Fund IV (MEVF IV), with a target size of US$150 million. MEVF IV will focus on investing in innovative early-stage and growth-stage technology companies and supporting their growth into market leaders in the Middle East and North Africa.

“We are delighted to join MEVP in this strategic partnership, which underlines our commitment to supporting the growth of innovative start-ups in the Middle East and North Africa,” said Elie Khouri, Founder and CEO of Vivium Holding. “Together, we will accelerate the growth of the region’s thriving venture capital ecosystem, enabling start-ups to grow into mainstream regional and global champions and create long-term sustainable businesses.”

Walid Hanna, Chairman and Co-CEO of MEVP, added: “My MEVP partners and I are delighted to have Vivium Holding join us as a cornerstone partner. Vivium Holding’s strong focus on investing in technology and its global perspective on innovation It will complement MEVP’s existing capabilities and allow us, together, to create more value for our portfolio and the wider startup community in the MENA region.”

Vivium Holding’s appointment as MEVP’s Cornerstone Partner is timely; the MENA region continues to witness a surge in entrepreneurial activity, with start-ups disrupting traditional industries and driving digital transformation. The collaboration between Vivium Holding and MEVP is expected to drive economic growth, job creation and technological advancement across the MENA region.

Copyright © 2022 Khaleej Times. all rights reserved. Supplied by SyndiGate Media Inc. (Syndicate Information).


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