Venture capital: MEVP readjusts fourth fund
The Dubai-based fund focused on the MENA region and led by a former VP of Abraaj appears to be scaling back.
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▪ Venture capital: MEVP readjusts fourth fund
▪ The Dubai-based fund focused on the MENA region and led by a former VP of Abraaj appears to be scaling back.
According to the European Investment Bank (EIB), the target for Middle East Venture Fund IV has changed significantly in recent months. It has now been announced at $96 million, almost a quarter less than the original $125 million target.
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