DUBAI, December 16, 2021 — Middle East Venture Partners (MEVP) announced today it has made a new partial exit from its investment in Fresha, a top beauty and wellness software platform, with a secondary sale in the company’s $52 million Series C Extension round.

This extension brings Fresha’s total Series C raise to $152M and values the MEVP backed company at over $640 million.

MEVP’s new partial exit generated a 52x cash-on-cash multiple and an IRR of over 90%.

Earlier this year MEVP announced it had made a partial exit from the company, generating a 39x cash-on-cash multiple.

Following both exits, the Dubai-based venture capital firm continues to own a sizable stake in Fresha.