BECO Capital

About the fund

BECO Fund II is a $100 million venture capital fund raised by BECO Capital — a Dubai-based early-stage VC firm focused on technology startups across the Middle East and North Africa (MENA) region. The fund closed above its initial $80 million target and sources include institutional and regional investors such as Rimco Investments, the International Finance Corporation (IFC), Al Waha Venture Capital Fund of Funds, Warba Bank, Watar Partners and KAAF Investments. The fund’s strategy is to invest in promising, early-stage tech companies (primarily at the Seed and Series A stages) led by founding and engineering teams based in the MENA region, with the aim of providing follow-on capital to its most successful portfolio companies. BECO Capital’s portfolio includes notable names such as Swvl, Vezeeta and MaxAB, and its earlier investments have collectively raised over $1 billion in follow-on funding.

Limited PartnersKaaf Investments