BECO Capital has closed $370 million across two new funds, expanding its ability to back Gulf founders from pre-seed through IPO. The raise includes $120 million for BECO Fund IV, the firm’s fourth early-stage vehicle, and a $250 million Growth Fund targeting companies from Series B to pre-IPO. With the new capital, BECO now manages more than $820 million in assets.
BECO Fund IV will continue the firm’s early-stage strategy, backing category-defining startups across construction tech, fintech, proptech, consumer and retail tech, and application software / AI. The fund is led by Managing Partners Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad.
The $250 million Growth Fund, led by General Partner Amer Alaily, will deploy average checks of $20 million into both existing portfolio companies and new regional scale-ups. The vehicle is designed to address the Gulf’s shortage of dedicated growth capital, supporting startups through critical scaling phases toward IPO or acquisition.
Founded in 2012, BECO was the first venture capital firm in the region and has backed several of the Gulf’s category-defining companies, including Careem, Property Finder, and Kitopi. With the new funds, BECO aims to position itself as a full-stack platform for founders in the UAE and Saudi Arabia, bridging a capital gap that continues to constrain local startups as they scale.
