European Investment Bank backs USD 150 million Middle East venture capital initiative to accelerate digital transformation and create 8,000 tech jobs • Middle East Venture Fund IV builds on 12 years of high-impact investment • New fund to enable local high-growth companies to expand e-commerce, education technology and healthcare opportunities highlighted by COVID-19 • EIB confirms USD 27 million anchor investment to enhance economic resilience and strengthen skills in Egypt, Lebanon, Jordan and Pakistan, largest ever in region The European Investment Bank, through its new dedicated development finance arm EIB Global, will provide USD 27 million participation in the USD 150 million Middle East Venture Fund IV. The new venture capital fund launched by Middle East Venture Partners (MEVP) will increase targeted equity investment in high-growth e-commerce, health and education technology companies across the Middle East and Pakistan. “The European Investment Bank has unique global experience of ensuring that entrepreneurs and growth companies access finance. We welcome EIB Global’s USD 27 million anchor investment in the USD 150 million Middle East Venture Fund IV that will ensure that growth companies across the Middle East can grow, harness new business opportunities and create thousands of skilled jobs.” said Walid Hanna, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
