Our mission is to provide talented entrepreneurs with capital and mentorship in order to accelerate growth, create jobs, capture opportunities, foster success, build wealth and develop role models in our society.
We aim to support the technology revolution in the Middle East through investing in smart, early stage internet and mobile companies in the MENA region, founded by amazing entrepreneurs that are creating transformational solutions that solve large regional problems.
BECO TEAM FACTS
The premier property portal in the Middle East
Career portal and course discovery marketplace
A marketplace to buy and sell great stuff
A meeting based productivity app that directs results oriented meetings
The leading limo aggregator in the Middle East
Mobile restaurant discovery platform
Healthcare insurance comparison and management platform
Healthcare marketplace and automated bookings
OUR FLIGHT RECORD
Our solid, diverse experience in the venture capital, technology, entrepreneurial and financial sectors, allow us to support our investment companies across an array of activities, allowing them to create value much faster, while having a partner they trust throughout their journey.
CEO & MANAGING PARTNER
Dany is a successful serial entrepreneur and investor, with many exits from ventures in a variety of industries. Dany co-founded and exited Bayt.com, the Middle East’s largest job site, Butlers, the UAE’s largest commercial laundry company and Intercat, one of the largest catering companies in the UAE. Prior to that, Dany worked at Lehman Brothers in London for 3 years after gaining a BSc from UCL (University College London) in Statistics, Operations Research and Economics.
Amir has over 12 years of experience being actively involved with a wide range of early stage ventures as an entrepreneur, mentor and investor, starting his career at CLS Capital Partners, a Corporate VC firm based in London, followed by what was then the first seed capital fund in the MENA region, the Arab Business Angel Network, before becoming an entrepreneur himself. Amir has co-founded a number of local businesses, including Webmatiks, a web development agency; Tandem Partners, a startup and small business advisory firm; Toolman Maintenance, a property maintenance company; and Purple PR, a boutique PR agency. He holds a BSc in Computer Information Systems and an MSc in Management from the University of Bath.
Before and after his MBA from MIT Sloan School of Management in 2003, Alvaro worked as a management consultant for various firms such as Booz & Co and Diamond Cluster (now Oliver Wyman). He joined Gulf Capital at its inception in 2006, one of the largest alternative investment companies in the GCC with over US$ 1 billion of assets under management, responsible for its TMT investments conducting all investment activities with a prime focus on post-acquisition.
Before joining BECO, Sorusch was a Summer Associate at Earlybird Venture Capital in Germany. Prior to that, he founded a venture-backed travel tech company in 2011 called Rentudo Inc. Sorusch has also been involved in the startup ecosystem in New York, working as an intern for Union Square Ventures portfolio company, Zemanta Inc., while studying Economics at Columbia University, where he was a John Jay Global Scholar.
Prior to joining BECO, Yousef held various roles with General Electric, most recently as a Commercial Operation Director for GE’s Aviation business, responsible for managing sales campaigns for Saudia Arabia and Turkey. Before that, Yousef worked in the GE & Mubadala $5 billion joint venture. He also co-founded multiple businesses in Saudi Arabia: Cafe Arab, an artistic social space and coffee shop; Eventana, a corporate event management firm and Chemya, an industrial chemicals and lubes distributor. Yousef has also been an active angel investor over the past few years where he invested in multiple startups, regionally and internationally.
By Amir Farha ... It is rare to come across people in your working life that end up having a significant impact on you and your future. When you do, you are profoundly lucky. The first person I came across was my manager, Olivier Hopkes, at my first job as a budding...read more
By Amir Farha ... Remember 2015. Talabat gets acquired by Rocket Internet. At the time, this was the largest exit in the region at $170m. Run by one of the region’s brightest entrepreneurs, Mohammed Jaffar, Talabat was growing at > 100% year on year, and today it’s...read more
By Dany Farha ... Amazon buys Souq; what an accomplishment for the MENA tech ecosystem. Why? It validates the MENA demographic opportunity Emerging market, local and regional investors underestimate MENA as an economic block. Our MENA definition is the 6 GCC...read more
Oman Technology Fund (OTF) is changing the tech landscape in MENA through its incubator, accelerator, and growth investments, and through its commitment to investing in the best technology ideas. OTF, in which Oman Investment Fund (OIF) has a majority stake, was...read more
By Sorusch Amiri ... Last weekend, I went on a somewhat voluntary digital sabbatical. I was switching mobile phones and ended up selling my current phone before my new phone was going to arrive, which meant that I was going to be “phoneless” for about 24h. Most people...read more
By Alvaro Abella ... At BOOSTMENA, the last annual conference hosted by BECO, an audience member asked Bhavish Aggarwal – Founder and CEO of OlaCabs, the Indian ride-hailing competitor to Uber – whether driverless cars would ultimately destroy much-touted jobs that...read more
By Dany Farha ... Earlier this month, I travelled for the TiEcon 2016 global conference in New Delhi and was surprised to see Travis Kalanick, Founder & CEO of Uber as the keynote, given that India's home grown champ is Ola Cabs and is fighting a fierce battle...read more
By Dany Farha ... There are over 5,000 VC's in the US and the top quartile firms consistently produce impressive results ranging from ca. 20-40% IRRs from most vintages. The top 1%ile firms consistently produce even more staggering returns ranging from 50% to as high...read more
Transportation is a hot topic in the tech industry, whether we are looking at moving things, food or people. This week, we sat down with Nadim Ghrayeb, Regional Sales and Marketing Manager, Cadillac Middle East, to talk about Cadillac's commitment to the driving...read more
By Ali Fakharany ... For a country with not much to be proud of on the economic front over the past decade, the banking sector in Egypt has actually been a rare positive for the country. Due to cautious policies, the absence of complicated financial instruments,...read more
In his closing remarks at BOOSTMENA, BECO CEO, Dany Farha, shared his takeaways from the day, and his bold and optimistic predictions for 2017 and beyond: Takeaways 50 million digital consumers is the tipping point to build billion dollar companies in an economic...read more
By Dany Farha ... The last 50 years of economic development in the region were driven primarily by hydrocarbons and infrastructure development which have seen the lion’s share of investment and policy-making to fund and develop these sectors. There is a new...read more