About BECO Capital
BECO Capital is a venture capital firm founded in 2012. It is primarily based out of Dubai, United Arab Emirates. As of Jan 2026, BECO Capital has invested in 65 companies. It primarily invests in Seed round in United Arab Emirates based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series C round of Property Finder Overall, BECO Capital portfolio has seen 1 unicorn, 1 IPO and 8 acquisitions including key companies like Careem, Swvl and Kitopi. A lot of funds co-invest with BECO Capital, with names like 500 Global sharing a substantial percentage of its portfolio. BECO Capital has team of 17 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
BECO Capital's List of Top Investments
BECO Capital has a portfolio of 65 companies, one of which is a Unicorn. Their most notable investments are in Supy and Vezeeta.Their portfolio spans across United Arab Emirates, United States, Egypt and 10 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 21 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by BECO Capital:
1. Careem
App-based ride-hailing aggregator. Users can book rides by providing location, passenger details, payment details, and more. The platform also offers services like food delivery, recharge services, grocery delivery services, and more. Apps are available for Android and iOS users.
Key facts about Careem
- Founded Year: 2012
- Location: Dubai (United Arab Emirates)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $772M
- Investors: Mercedes-Benz, Kuwait Investment Authority and 26 Others
- Latest Funding Round: Series F, Oct 18, 2018, $*****
- Highlight: Acquired
_1581686511122-webp_120_120.png)
2. Swvl
App-based platform for shuttle services. It offers a platform where users can book buses and vans which can be shared by users going the same routes. It offers features like real-time tracking, variant payment options, etc. It also extends its services for businesses. The mobile app is available for iOS and Android devices.
Key facts about Swvl
- Founded Year: 2017
- Location: Cairo (Egypt)
- Stage: Public
- Total Funding till date: $100M
- Employee Count: 501 - 1,000 as on Sep 01, 2025
- Investors: Chimera, VNV Global and 28 Others
- Latest Funding Round: Post IPO, Feb 07, 2025, $*****
- Highlight: Public
3. Fresha
App-based salons & spas booking platform. The platform enables customers to discover the salons, book appointments & find deals from salon providers. It also provides businesses with software tools for venue management, as well as marketing management through online sales. Their app is available for iOS & Android devices.
Key facts about Fresha
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £3.85M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $184M
- Employee Count: 27 as on Mar 31, 2021
- Investors: Chimera, Partech Partners and 19 Others
- Latest Funding Round: Venture Debt, Aug 21, 2024, $*****
- Highlight: Editors' Pick
_1568884509297.png)
4. Matter Labs
Finance infrastructure for blockchain privacy with verifiable computation. It is based on zero-knowledge technologies that allow untrusted parties to prove their integrity through the protocol.
Key facts about Matter Labs
- Founded Year: 2019
- Location: Berlin (Germany)
- Stage: Series C
- Total Funding till date: $458M
- Employee Count: 28 as on Jul 01, 2024
- Investors: Union Square Ventures, Andreessen Horowitz and 19 Others
- Latest Funding Round: Series C, Nov 16, 2022, $*****
- Highlight: Editors' Pick
5. Kitopi
Provider of a cloud-based network of food delivery businesses. It helps food brands with delivery-only locations to launch online storefronts. It also offers infrastructure, management services, phone support, and delivery management. It serves burgers, crispy chicken, and rice dishes.
Key facts about Kitopi
- Founded Year: 2018
- Location: Dubai (United Arab Emirates)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $852M
- Employee Count: 1,280 as on Jul 01, 2024
- Investors: SoftBank Vision Fund, GIC and 29 Others
- Latest Funding Round: Series C, Jan 30, 2026, $*****
- Highlight: Editors' Pick
BECO Capital's Year-on-Year Investment Trends
BECO Capital has invested in 65 companies over the last 13 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in ClearGrid and most recent follow-on round was in Property Finder.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 1 | 2 | 3 |
2024 | 6 | 0 | 6 |
2023 | 0 | 0 | 0 |
2022 | 11 | 3 | 14 |
2021 | 8 | 7 | 15 |
2020 | 1 | 3 | 4 |
2019 | 4 | 3 | 7 |
2018 | 3 | 5 | 8 |
2017 | 5 | 1 | 6 |
BECO Capital's Investments by Stage
BECO Capital has made 30 investments in Seed stage with an average round size of $7.06M, 16 investments in Series A stage with an average round size of $8.8M, 4 investments in Series B stage with an average round size of $25.8M and 1 investment in Series C stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series A | 16 |
Series B | 4 |
Series C | 1 |
Note: We have considered here, only first round of investments
BECO Capital's Investments by Sector
BECO Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Retail and Real Estate and Construction Tech. Notably, it has invested in 63 Tech companies, 47 Enterprise (B2B) companies, 35 Consumer (B2C) companies and at least 29 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
FinTech | 18 |
Consumer | 15 |
Retail | 13 |
Real Estate and Construction Tech | 7 |
Others | 62 |
Note: We have considered here, only first round of investments
BECO Capital's Investments by Geography
BECO Capital has made most investments in United Arab Emirates (24), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 24 |
United States | 9 |
Egypt | 7 |
Saudi Arabia | 4 |
Canada | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
BECO Capital's recent investments
BECO Capital has made 1 investments in 2026 so far - Property Finder.Here are the most recent investments by BECO Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 29, 2026 | United Arab Emirates | Series C | 2165 | ||
May 17, 2025 | Egypt | Series A | 8303 | Prosus [+5] | |
Jan 2025 | Saudi Arabia | Series A | 7460 | Wa'ed Ventures [+7] | |
2025 | United Arab Emirates | Seed | 3667 | ||
Oct 20, 2024 | Saudi Arabia | Seed | 7273 | VentureSouq [+4] |
Unicorns in BECO Capital's Portfolio
BECO Capital has 1 unicorn in its portfolio - Kitopi. The most recent unicorn in their portfolio is Kitopi which became a unicorn in 2021, 2 years after BECO Capital first invested in it.Here is a list of unicorns in BECO Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Provider of a cloud-based network of food delivery businesses | 2018 | Dubai | Series C | fdktwou |
IPOs and Publicly Listed companies in BECO Capital's Portfolio
1 of BECO Capital's portfolio company became public - Swvl. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2021 at marketcap of $4.77MHere are BECO Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 31, 2021 | Mar 2018 | Series A | 1823 |
_1581686511122-2_40_40.png)
Acquired companies in BECO Capital's Portfolio
8 companies from BECO Capital's portfolio have been acquired. The most recent acquisition were CoinMENA in Dec 2025 by Paribu for $240M.Here are BECO Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 05, 2025 | Nov 07, 2021 | Seed | 7961 | |
Sep 03, 2024 | - | - | 2226 | |
May 10, 2023 | 2021 | Seed | 3984 | |
Apr 10, 2023 | Nov 10, 2015 | Series C | 4889 | |
Feb 24, 2022 | Mar 09, 2016 | Seed | 2004 |
_1528452406508.png)
Team profile of BECO Capital
BECO Capital has a team of 17 members including 8 Partners, 1 Venture Partner and 2 Principals located in United Arab Emirates, Saudi Arabia and 2 more locations. BECO Capital's team does not sit on the board of any company as of now.Here is a list of top team members in BECO Capital:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | United Arab Emirates | - | ||
Partner | Dubai | - | ||
Partner | United Arab Emirates | - | ||
Partner | United Arab Emirates | - | ||
Partner | - | - | ||
Partner | Riyadh | - | - | |
Partner | Dubai | - | - | |
Partner | Saudi Arabia | - | - | |
Venture Partner | United Arab Emirates | - | ||
Principal | London | - | ||
Principal | United States | - |
Co-investors of BECO Capital
Over the past 13 years, 402 investors have co-invested in BECO Capital's portfolio companies. This includes funds and angels.
- Invested before BECO Capital: Middle East Venture Partners, 500 Global and 83 others have invested in rounds before BECO Capital. There are 4 companies where Middle East Venture Partners has invested before BECO Capital and 4 companies where 500 Global has invested before BECO Capital.
- Top Co-investors of BECO Capital: 177 investors entered a company along with BECO Capital. These include investors like 500 Global (6 companies).
- Invested after BECO Capital: A total of 140 investors have invested in BECO Capital's portfolio after their investments. Top Investors include Endeavor (8 companies), DisruptAD (3 companies) and Wa'ed Ventures (3 companies).
Recent News related to BECO Capital
•
Property Finder Raises $170M from Mubadala and UAE Sovereign FundsGulf Business•Jan 29, 2026•ADIA, Mubadala, BECO Capital, Property Finder
•
•
Thndr Raises $15.7M to Expand Digital Investment Offerings in MENAIncubees•May 21, 2025•thndr, Prosus, BECO Capital, Jimco and 2 others
•
ClearGrid emerges from stealth with $10mln to transform debt collection, starting with MENABiz Preneur Me•Mar 21, 2025•Clean Grid Alliance, Raed Ventures, Wamda Capital, Endeavor and 9 others
•
Business ClearGrid Secures USD 10M to Revolutionize Debt CollectionOnline Media Cafe•Mar 20, 2025•ClearGrid, Raed Ventures, BECO Capital, Nuwa Capital and 11 others
•
•
•
Beco Capital onboards another Saudi LP for fourth venture capital fundVCCircle•Feb 13, 2025•BECO Capital
•
BRKZ secures a $17 million Series A round to strengthen its presence in Saudi ArabiaAssiyaq•Feb 11, 2025•BRKZ, Capifly, BECO Capital, Aramco and 12 others
•
Taager Secures $6.75M To Expand Social eCommerce In MENATech Magazine•Feb 11, 2025•Taager, Norrsken22, Endeavor, Beltone and 5 others
