On December 19, 2013 we proudly announced the launch of our new fund: The IMPACT Fund by MEVP. The $50 million Venture Capital fund will invest $1-5 million in Lebanon’s next generation knowledge based startups, with ICT and creative industries as primary sectors, to create regional and global success stories. The incentives will reach and encourage Lebanese expats as well as foreign entrepreneurs globally to start entrepreneurial ventures using Lebanon as a launching pad. IMPACT Fund by MEVP will be 100% compliant with BDL Circular 331, is sponsored by BLOMINVEST BANK and MedSecurities Investment, and holds BankMed, BLOM Bank, Bank Audi, and Banque Libano-Francaise as anchor investors. MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative companies run by talented entrepreneurs primarily, but not exclusively, in Lebanon and the greater Levant region.
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