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MEVP invests in Wego

In a recent development, Middle East Venture Partners (MEVP) has invested in Wego, in exchange for an equity ownership.

MEVP is investing in Wego as part of the company’s latest equity round alongside MBC Group (Middle East Broadcasting Centre).  MEVP will draw on its roots and heritage in MENA to reinforce and expand Wego’s regional footprint.

“With Wego’s rapid MENA expansion, we decided to seek out smart investors from the region who have deep experience and connections and in MEVP, we have definitely found that and more,” said Ross Veitch, CEO and Co-Founder, Wego.

Elaborating further Walid Hanna, Founder and CEO, MEVP added, “Online travel in MENA is a large vertical and continues to grow rapidly aided by a shift in consumer behavior from offline to online. Wego is highly recognized by travellers in the region, especially Saudi Arabia. The company also has an exciting growth plan which we believe is well positioned to dominate the travel metasearch play in MENA.”