BECO Capital has closed $370 million across two new funds, expanding its ability to back founders from pre-seed all the way to IPO. With over $820 million in assets under management, the firm strengthens its full-stack venture platform across the UAE and Saudi Arabia, targeting a persistent capital gap in the region.
Expanding Across the Venture Lifecycle
The raise consists of:
- $120 million BECO Fund IV: dedicated to early-stage ventures from pre-seed to Series A.
- $250 million BECO Growth Fund: focused on companies from Series B to pre-IPO stages.
This dual approach allows BECO to provide capital at every critical stage, ensuring founders do not outgrow the support available within the region’s ecosystem.
BECO Fund IV: Investing in Early-Stage Innovation
BECO Fund IV continues the firm’s early-stage strategy, which emphasizes identifying category-defining startups. The fund is sector-agnostic but anchored in core themes such as:
- Construction technology
- Fintech and proptech
- Consumer and retail tech
- Application software and artificial intelligence
Led by Managing Partners Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad, the fund reflects BECO’s belief in the untapped founder talent emerging from the UAE and Saudi Arabia.
Dany Farha, Co-Founder and Managing Partner, said:
“We have spent more than a decade partnering with founders at the earliest stages. This fund demonstrates our conviction in the early-stage opportunity across the region.”
Growth Fund: Scaling Regional Champions
The $250 million Growth Fund, led by General Partner Amer Alaily, provides larger checks averaging $20 million to companies scaling from Series B to pre-IPO. It focuses on both BECO’s existing portfolio and new investments.
Alaily explained:
“Companies in the Gulf are reaching institutional scale but often lack access to dedicated growth capital. This fund gives us the flexibility to support them through key scaling phases and toward successful exits.”
Building a High-Conviction Platform
BECO Capital has a proven track record as the region’s first venture capital firm. It has backed industry-shaping companies such as Careem, Property Finder, and Kitopi. These startups played a defining role in building the Gulf’s digital economy.
With the launch of the new funds, BECO enhances its ability to:
- Provide stage-appropriate capital across the venture lifecycle
- Deepen strategic support for founders
- Drive innovation in priority sectors such as AI and software
As Saudi Arabia and the UAE attract top entrepreneurial talent and AI-focused innovation, BECO aims to remain a leading strategic partner for the Gulf’s next generation of market leaders