BECO Capital announces the close of $370 million across two new funds, expanding BECO’s ability to back founders from Pre-Seed to IPO, with a continued focus on the UAE and Saudi Arabia.
The raise includes $120 million for BECO Fund IV, the firm’s fourth early-stage fund, and a $250 million Growth Fund.
BECO Fund IV continues the firm’s long-standing early-stage strategy, backing category-defining companies with a sector-agnostic approach, underpinned by core investment pillars in construction tech, fintech, proptech, consumer / retail tech, and application software / AI.
The fund is led by Managing Partners – Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad.
“We’ve spent over a decade partnering with founders at the earliest stages and helping them navigate the journey ahead,” said Dany Farha, Co-Founder and Managing Partner at BECO Capital.
“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.”
BECO’s Growth Fund invests in companies from Series B through pre-IPO, led by General Partner Amer Alaily.
The fund deploys average investments of $20 million into both existing BECO portfolio companies and new opportunities.
“Companies in the Gulf are achieving institutional scale, yet face limited access to dedicated growth capital,” said Alaily.
“This fund gives us the flexibility to partner with the strongest emerging companies and support them through critical scaling phases toward potential exits.”
As the first VC in the region, BECO has partnered early on in several of the region’s category defining technology companies, including Careem, Property Finder, and Kitopi, startups that helped shape entire industries across the Gulf.
With the close of these two funds, BECO expands its ability to support founders from Pre-Seed to IPO, offering stage appropriate capital and deep engagement to help build enduring technology companies rooted in the Gulf.
As the UAE and Saudi Arabia continue to attract world class founders and emerging AI talent, BECO remains focused on serving as a strategic partner to the teams building the region’s next generation of market leaders.