Wego brings in another new investor


Wego.com has picked up more funding from another Middle East venture firm as it looks to expand its metasearch model across the region.

Its latest round brings Middle East Venture Partners on board. MEVP looks at early and growth stages of innovative companies and has $120 million of assets under management.

The amount raised is undisclosed. This August Wego picked up a reported $12 million from MBC, one of the Middle East’s leading media groups. MBC has also taken part in the current round and has a number of other joint investments with MEVP.

Wego is a metasearch site which launched in Singapore in 2005 is now dual-headquartered in Dubai with offices in India (Bangalore) and Indonesia (Jakarta).

Other investors include Tiger Global Management, Crescent Point Group and Square Peg Capital.

Related reading from tnooz:
Middle East is the next battleground in online travel (Oct16)



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