DUBAI, United Arab Emirates — (BUSINESS WIRE) — BECO Capital, a leading venture capital firm in the MENA region, has announced the successful close of $370 million across two new funds, significantly strengthening its ability to back founders from pre-seed to IPO with a strategic 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 designed to support companies as they scale and prepare for public markets.
- $120M BECO Fund IV: The fund will back category-defining companies from pre-seed through Series A, focusing on high-potential sectors such as construction technology, fintech, proptech, consumer and retail tech, and application software / AI.
- $250M Growth Fund: Led by General Partner Amer Alaily, the growth fund will invest from Series B to pre-IPO, with an average ticket size of $20 million, targeting both existing portfolio companies and new opportunities in the region.
“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.”
“Companies in the Gulf are achieving institutional scale, yet face limited access to dedicated growth capital,” said Amer Alaily, General Partner at BECO Capital. “This fund gives us the flexibility to partner with the strongest emerging companies and support them through critical scaling phases toward potential exits.”
With these two new funds, BECO Capital now manages over $820 million in assets and has successfully delivered nine strategic exits, including two unicorns. This milestone positions BECO as one of the most influential venture capital players driving innovation and growth across the Gulf’s most dynamic startup ecosystems.
