Dubai – Sharikat Mubasher: Regional venture capital firm BECO Capital closed $370 million across two new funds to support startups from their earliest stages through public listing, with a strong focus on the UAE and Saudi Arabia.
As per the company’s press release, the raise includes $120 million for BECO Fund IV, dedicated to early-stage investments from Pre-Seed to Series A in sectors such as fintech, proptech, construction tech, consumer tech, and AI-driven software.
The fund is led by managing partners Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad. Farha said the fund reflects confidence in the “depth of founder talent across the region.”
BECO has also launched a $250 million Growth Fund, led by General Partner Amer Alaily, to back companies from Series B through pre-IPO with average investments of $20 million. Alaily noted that Gulf startups are reaching “institutional scale” but still face a shortage of dedicated growth capital.
