BECO Capital is a Dubai-based venture capital firm founded in 2012 to back technology companies across the Gulf region. The firm has grown to become one of the largest independent VC firms in the Middle East, with more than 820 million dollars in assets under management. BECO is recognized for its conviction-led approach and long-standing focus on early-stage innovation in the UAE and Saudi Arabian markets.
BECO Capital invests across a wide range of technology sectors with core interests in constructiontech, fintech, proptech, consumer and retail technology, and application software including artificial intelligence. The firm supports both early-stage founders building from the ground up and growth-stage companies preparing for scale.
In September 2025, BECO Capital announced it had raised 370 million dollars across two new funds. This includes 120 million dollars for BECO Fund IV, its fourth early-stage vehicle, and 250 million dollars for a dedicated Growth Fund. BECO Fund IV continues the firm’s focus on backing founders across diverse sectors, from constructiontech to fintech and AI-enabled software, while maintaining a sector-agnostic framework.
The Growth Fund is designed for companies at Series B through pre-IPO stages, deploying average checks of 20 million dollars. It will invest both in existing BECO portfolio companies and new opportunities across the Gulf region.
The combined raise strengthens BECO’s positioning as a multi-stage investor with significant dry powder to support technology founders throughout their lifecycle.
Leadership
The firm is led by co-founder and managing partner Dany Farha, alongside managing partners Abdulaziz Shikh Al Sagha and Yousef Hammad. The Growth Fund is spearheaded by general partner Amer Alaily. Together, the leadership team brings more than a decade of experience in backing regional technology leaders and helping founders scale businesses in the Gulf.
Investment Strategy
BECO Capital follows a conviction-driven strategy rather than one dictated by conformity or consensus. Its early-stage vehicles focus on identifying high-potential founders and disruptive ideas in core technology sectors, while the Growth Fund provides late-stage capital to support scaling and expansion. This dual strategy positions BECO to accompany founders from seed through pre-IPO.
Notable Investments
Over its history, BECO Capital has invested in many of the Middle East’s most prominent technology companies, including Careem, Swvl, and Kitopi. The firm has also backed a broader portfolio of fintech, consumer tech, and SaaS companies that have grown into category leaders in the region.
Notable Exits
BECO Capital was an early backer of Careem, which was acquired by Uber in 2019 for 3.1 billion dollars. Other exits include IPOs and strategic acquisitions that have contributed to shaping the Middle East’s startup ecosystem.
Other
BECO Capital’s ability to raise both early and growth-stage capital makes it a critical player for founders in the Gulf seeking long-term partnerships. Its strong regional presence and experience with both local and global co-investors make it a key entry point for technology companies aiming to scale in the Middle East.
