Abdullah Mutawi (L), Chairman of DAI; and Rabih Khoury, Managing Partner at MEVPDubai Angel Investors (DAI), a leading network of early-stage technology investors, has joined forces with Middle East Venture Partners (MEVP), one of the MENA region’s top venture capital asset managers, to strengthen support for startups and drive innovation in the tech ecosystem. The announcement came on Friday.
Through this strategic partnership, MEVP will manage DAI’s portfolio of over 30 investments, providing expertise to accelerate growth, enable future funding opportunities, and facilitate successful exits. The collaboration also ensures the continuation of DAI’s signature “Pitch Nights,” a platform that connects rising tech entrepreneurs with investors and essential business support.
MEVP will assign a dedicated team to oversee DAI operations, with one of its partners joining the DAI Board of Directors. By combining DAI’s investor network with MEVP’s deep expertise in venture capital and portfolio management, the partnership aims to optimize outcomes for portfolio companies and contribute to the broader MENA tech landscape.
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Abdullah Mutawi, Chairman of Dubai Angel Investors, described the partnership with MEVP as a pivotal step in advancing DAI’s mission to support high-potential startups across the MENA region.
“Partnering with MEVP marks a significant milestone for DAI in our mission to empower high-potential startups across the MENA region,” he said
“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.” he added
Rabih Khoury, Managing Partner at MEVP, expressed enthusiasm for the partnership, highlighting its potential to drive growth in the MENA tech sector.
“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,” he said
“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.” he added
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