MVI (MENA Venture Investments)

Mena Venture Investments (MVI) is an angel fund that invests in early stage startups with strong growth potential in the Middle East and North Africa (MENA) Region and beyond. We work with entrepreneurs to build solid, scalable businesses and ensure access to capital at early stages of a venture to fuel their growth. Beyond financial investment, MVI offers support through mentorship, access to markets, networks, and clients, as well as cross-border operational support.

Fares Ghandour

Director and Investment Manager

Past deals in Jordan

liwwa

Series A in 2018
liwwa, Inc. operates a peer-to-peer lending platform that connects small and medium-sized enterprises (SMEs) in need of capital with investors seeking to diversify their portfolios. The platform allows borrowers to apply for small business loans while offering investors the opportunity to earn regular monthly returns. Liwwa conducts in-house assessments of the creditworthiness of businesses and implements a lease-to-own model that provides an interest-free return for investors. Founded in 2013 and headquartered in Amman, Jordan, liwwa has raised seed funding to expand its team and develop new product offerings, thereby enhancing its capacity to support SMEs in the MENA region and beyond.

Wysada.com

Series A in 2014
Wysada is an online retailer that sells furniture, garden, décor accents, and accessories to its users. The site offers gift cards, bed and bath equipment, décor, furniture, gifts, home appliances, and kitchen and outdoor equipment. In addition, the site sells a range of Voonsh fashion accessories to its users, including necklaces, earrings, bracelets, rings, brooches, and hand embellishments. Wysada was launched in 2013 by Mohammed Musleh and is based in Jordan.

RedTroops

Venture Round in 2014
RedTroops operates as an interactive auction-based marketplace for in-app advertising, facilitating direct connections between application developers and advertisers. By eliminating the traditional advertisement network layer, the company allows developers to create campaigns and sell advertisement space within their applications. This self-serve platform enables advertisers to design dynamic rich-media ads that can be updated in real-time and ensures that ads are only displayed when available. Based in Amman, Jordan, RedTroops positions itself as a streamlined solution for app owners looking to monetize their applications through targeted advertising.

Tamatem

Venture Round in 2013
Tamatem Inc. is a mobile gaming studio and publishing company based in Amman, Jordan, with an additional office in Mountain View, California. Founded in 2013, Tamatem specializes in developing and localizing mobile games for Arabic-speaking smartphone users. The company collaborates with international studios to adapt games, ensuring they resonate culturally and linguistically with the Arabic audience. Tamatem's portfolio includes various genres, such as racing, RPG-MMO, strategy, puzzle, and trivia games. With a focus on user acquisition, distribution, and monetization, Tamatem has successfully published 40 games that have garnered over 50 million downloads. The company is recognized for its expertise in making games relevant to the regional market, enhancing their potential for success.

Wysada.com

Venture Round in 2013
Wysada is an online retailer that sells furniture, garden, décor accents, and accessories to its users. The site offers gift cards, bed and bath equipment, décor, furniture, gifts, home appliances, and kitchen and outdoor equipment. In addition, the site sells a range of Voonsh fashion accessories to its users, including necklaces, earrings, bracelets, rings, brooches, and hand embellishments. Wysada was launched in 2013 by Mohammed Musleh and is based in Jordan.

Istikana

Seed Round in 2013
Istikana, Ltd. is a video streaming service based in Amman, Jordan, that provides users with a diverse array of on-demand media content. Founded in 2011 by Samer Abdin, Istikana's platform features a wide selection of films, television series, documentaries, cartoons, religious programs, and children's content. Users can access Istikana's offerings through various devices, including web browsers, mobile applications, Chromecast, and Smart TVs, allowing for flexible viewing options. The service focuses on delivering premium Arabic content, enabling audiences to enjoy their favorite shows and films at their convenience.

Souq

Private Equity Round in 2012
Souq operates an e-commerce platform in the Middle East and North Africa region. It offers products in the categories of baby and toddler, mobiles and accessories, computers and tablets, clothing and shoes, watches and jewelry, perfumes and fragrances, and toys and gaming, as well as TVs, audio, and camera. Souq also operates as a marketplace for third party sellers. Ronaldo Mouchawar founded Souq in 2005. Souq has its headquarters in Dubai in the United Arab Emirates with commercial offices in Egypt, Saudi Arabia, and Kuwait and technical and development centers in Jordan and India. Souq operates as a subsidiary of Amazon as of May 12, 2017.

Kharabeesh

Venture Round in 2011
Kharabeesh Limited is a media and entertainment network based in Amman, Jordan, founded in 2008. It focuses on creating artistic video shows that address social and political issues, aiming to enhance youth-oriented Arabic e-content. As a leading multi-channel network, Kharabeesh produces and co-produces a variety of content, including animations, music, and short films, which are distributed through YouTube and social media platforms. The company operates as a subsidiary of Think Arabia and serves as a platform for digital creators to showcase their talents to a global audience. By combining media, entertainment, and technology, Kharabeesh contributes significantly to the online entertainment landscape for Arab internet users.

Jamalon

Seed Round in 2010
Jamalon, Inc. is the largest online bookstore in the Middle East, established in 2010 and headquartered in Amman, Jordan. The company offers a vast selection of over 9.3 million titles in Arabic and English from approximately 30,000 publishers. Jamalon specializes in providing home delivery services and customized payment methods tailored to the needs of customers in the region. Its extensive catalog includes books across various genres from both well-known and emerging authors, enabling publishers to reach a wider audience and facilitating access to literature for readers throughout the Middle East.
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