• UAE-based BECO Capital has closed $370 million across two new funds — $120 million BECO Fund IV for early-stage investments (Pre-Seed to Series A) and a $250 million Growth Fund for Series B to pre-IPO scale-ups.
• Founded in 2012 by Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad, BECO is one of MENA’s earliest and most active VCs, having backed Careem, Property Finder, and Kitopi.
• The new funds will enable BECO to invest from the earliest stages through IPO, focusing on fintech, proptech, construction tech, consumer/retail tech, and AI/software, with an emphasis on UAE and Saudi Arabia.
• BECO’s Growth Fund, led by Amer Alaily, will deploy average tickets of $20 million into top Gulf scale-ups, bridging the region’s growth-stage capital gap.
• The raise expands BECO’s assets under management to $820 million+, reinforcing its strategy to offer stage-appropriate capital and strategic support for founders building globally competitive technology companies rooted in the Gulf.

Press release:

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.

$120M BECO Fund IV to Back Founders from Pre-Seed to Series A

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.”

$250M Growth Fund for Regional Scale Ups

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.”

A High Conviction Platform for the Gulf’s Leading Founders

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.