– BECO Capital closes $370 million across two new funds, expanding support for founders from Pre-Seed to IPO, with focus on UAE and Saudi Arabia.
– Raise breakdown: $120 million for BECO Fund IV (early-stage) and $250 million for Growth Fund.
– $120M BECO Fund IV (Pre-Seed to Series A)
▪️Continues BECO’s early-stage, sector-agnostic strategy.
▪️Focus sectors: construction tech, fintech, proptech, consumer/retail tech, application software/AI.
▪️Led by Managing Partners Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad.
– Dany Farha: “We’ve spent over a decade partnering with founders at the earliest stages and helping them navigate the journey ahead.”
– $250M Growth Fund (Series B to pre-IPO)
▪️Led by General Partner Amer Alaily.
▪️Invests in both existing BECO portfolio companies and new opportunities, with average $20 million per investment.
– Amer Alaily: “Companies in the Gulf are achieving institutional scale, yet face limited access to dedicated growth capital.”
– First VC in the region, early investor in category-defining companies like Careem, Property Finder, and Kitopi.
– Remains focused on partnering with UAE and Saudi Arabia’s emerging AI and technology talent to create next-generation market leaders.
