BECO Capital, a leading venture capital firm based in the United Arab Emirates, has announced a landmark $370 million capital raise across two new funds. This strategic move significantly expands the firm’s capacity to provide full lifecycle support for technology startups in the Gulf, from the earliest pre-seed stages through to a potential initial public offering (IPO).
A Two-Pronged Investment Strategy
The new capital is structured into two distinct vehicles designed to address different stages of a startup’s journey. The first is a $120 million early-stage fund, BECO Fund IV, and the second is a $250 million Growth Fund. This dual-fund approach creates a comprehensive platform to identify and nurture high-potential companies primarily within the UAE and Saudi Arabian ecosystems, solidifying BECO’s role as a long-term partner for the region’s most ambitious founders.
BECO Fund IV Championing Early-Stage Innovation
The $120 million BECO Fund IV is dedicated to backing category-defining companies at their inception. While maintaining a sector-agnostic approach, the fund will have a particular focus on high-growth areas such as construction tech, fintech, proptech, consumer and retail technology, and enterprise software and AI. Dany Farha, Co-Founder and Managing Partner at BECO Capital, stated, “This fund reflects our continued conviction in the early-stage opportunity in the UAE and Saudi, and our belief in the depth of founder talent across the region.”
The Growth Fund Fueling Scale-Ups
Designed to support companies through critical scaling phases, the $250 million Growth Fund will target ventures from Series B through to the pre-IPO stage. The fund is expected to deploy an average investment of approximately $20 million per company, providing substantial capital to both existing BECO portfolio companies and new investment opportunities. “This fund gives us the flexibility to partner with the strongest emerging companies and support them through critical scaling phases toward potential exits,” said Amer Alaily, General Partner at BECO Capital.
About BECO Capital
Founded in 2012, BECO Capital is a venture capital firm that backs transformative technology companies across the Gulf region. Managing over $820 million in assets, the firm provides crucial support to founders building innovative ventures in the UAE and Saudi Arabia. BECO Capital is known for its long-term partnership approach, supporting companies across various growth stages from inception to exit.
Source: Waya
