BECO Capital

Dubai-based venture capital firm founded in 2012 that invests from pre-seed to pre-IPO in technology companies in the UAE and Saudi Arabia, with more than $820 million in assets across five funds.

Industry: Venture capital | Location: Dubai, United Arab Emirates | Founded: 2012

About BECO Capital

BECO Capital is a venture capital firm based in Dubai that invests in technology companies in the Gulf. Its website says it invests from pre-seed to pre-IPO and sometimes co-founds companies. Its manifesto says it backs a company only when the founding team is physically based in the UAE or Saudi Arabia.

Established in 2012, the firm had Dany Farha and Amir Farha as co-founders and managing partners, The National reported in 2019. Dany Farha, who also founded the jobs site Bayt.com, is Founder and Managing Partner. Amir Farha's COTU Ventures profile says he invested with BECO for nine years. Abdulaziz Shikh Al Sagha joined as a venture partner in 2018 and is now a managing partner, Yousef Hammad is a managing partner, and Amer Alaily, formerly of Mubadala Capital, is general partner for growth.

BECO closed its second fund at $100 million in October 2019, with the International Finance Corporation, Al Waha Venture Capital Fund of Funds and Watar Partners among the investors in it. Wamda reported 22 investments across the first two funds, including Careem, Property Finder, Swvl, Wahed and Kitopi. BECO's website lists 54 portfolio companies, among them Fresha, Abwaab and Thndr.

On 29 September 2025 BECO announced $370 million raised across two funds. BECO Fund IV, at $120 million, invests from pre-seed to Series A, with themes in proptech and construction technology, fintech, retail technology and consumer brands, and AI applications. The Growth Fund, at $250 million, invests from Series B to pre-IPO with average investments of $20 million. BECO says its assets exceed $820 million across five funds. Limited partners in the new funds were not named.

The manifesto says early-stage cheques run up to $2 million at pre-seed and seed and up to $10 million to $15 million at Series A, targeting an initial 10 percent stake, with about four to five new investments a year.

BECO was a participant in Thndr's $15.7 million round led by Prosus Ventures, announced in May 2025. TechScoop reported in September 2026 that BECO led a $5 million Series A in Amaani for AÏZA's Gulf expansion.

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