Beco Capital Secures $370 Million to Fund Gulf Startups to IPO
Beco Capital raised $370 million across Fund IV and a Growth Fund targeting early ventures and scale-ups in UAE and Saudi Arabia, with $20 million average investments in Series B to pre-IPO companies
Beco Capital announced the close of $370 million across two funds designed to support founders in the Gulf from pre-seed stage through to IPO. The raise includes $120 million for Fund IV and a $250 million Growth Fund, expanding the firm’s role in the UAE and Saudi venture markets.
Fund IV is set to invest in early-stage companies spanning construction tech, fintech, proptech, retail technology, and AI-driven software. The Growth Fund will target Series B to pre-IPO companies, with an average cheque size of $20 million for both new investments and scale-ups already in the portfolio.
With more than $820 million under management, Beco Capital now operates a platform covering every stage of growth. The firm notes that while Gulf companies are reaching institutional scale, access to dedicated growth capital remains limited, with these two new funds being designed to bridge that gap.
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