The Luxury Closet is a fast-growing online market platform that buys, sells, and consigns luxury items, mostly pre-owned, at a discounted price, maintaining brand and item integrity and the assurance of authenticity. The Luxury Closet is the first of its kind in the GCC region in terms of size, market reach, and scalability. It has achieved massive traction in a short period of time and double-digit monthly growth.

Accounting & Finance

Marketing & Communications

Software Engineering

Design

Legal

Operations

Dubai - United Arab Emirates

Al Mizhar Fourth - Area 4 - Dubai - United Arab Emirates

The Luxury Closet

e-commerce marketplaces

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 the Middle East Region with a focus on the GCC and Levant markets. With offices in Beirut, Dubai and Silicon Valley and more than USD 120 million in Assets Under Management, MEVP is the largest and most established VC firm in this region, with clear cross border investment appetite. MEVP has a unique combination of backgrounds and expertise that allows it to partner with innovative entrepreneurs and help them grow and develop, especially in their early stages. We believe that, today, timing is ideal to start companies in our region. The region has a young, middle-class population that is rapidly growing, disposable income is increasing due to economic growth and societies are more aligned with global culture due to higher levels of connectivity. These trends offer opportunities for innovative entrepreneurs to build market-leading ventures. We seek passionate entrepreneurs with young companies or fresh ideas that are innovative in their fields. These innovations could be in their product, service, business model, or value chain. Their differentiated and proprietary edge will allow them to build a great brand, customer loyalty, and a robust, healthy business. We favor the consumer technology, consumer products and consumer services sectors, but also consider ventures in other areas, such as logistics, food processing, and hospitality, among others.

MEVP Capital

MEVP

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