24 Jun 2024 16:04

Mobile & Digital

MEVP Invests in Matic

Confidence in Matic’s growth to date and regional expansion strategy  

Venture capital firm Middle East Venture Partners (MEVP) has announced a strategic investment in Dubai-based Matic (maticservices.com), the leading online marketplace for cleaning services in the GCC.

Matic offers consumers convenient access to multiple cleaning service providers with the benefits of various payment methods, ease of scheduling, the best technology to serve the user, and reporting on service quality to maintain the highest standards across the platform.

Mohamed Samad, CEO of Matic said, “We are very appreciative of the MEVP team’s trust and confidence in our profitable growth strategy. This round of funding will enable us to ensure high standards of product quality and customer care as we expand into new markets across the GCC and beyond.”

Ihsan Jawad, Managing Partner at MEVP said, “After closely looking at the home cleaning space, we concluded that the Matic team is well positioned to build a true brand across the region. They have grown very fast since establishment and continue to deliver a unique offering both to consumers and cleaning companies.”

Founded in 2015, Matic currently operates in the UAE, Qatar, and KSA and has explicit plans to expand across the region. Today, the company holds the largest network of cleaners in the GCC with more than 2,000 cleaners and 250 drivers operating on its platform. Matic’s exponential growth to date has seen it fulfill over one million housekeeping hours to over 200,000 homes.

Middle East Venture Partners (MEVP) is a leading MENA-focused venture capital firm that invests in the early and growth stages of innovative companies run by talented entrepreneurs primarily in Beirut, Amman and Dubai. With offices in Beirut, Dubai and Silicon Valley and more than $120 million in assets under management, MEVP is the pioneer and largest VC firm in the MENA region, with clear cross-border investment appetite. MEVP has invested in over 38 technology companies since 2010

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