BOOSTING AMAZING ENTREPRENEURS FROM GROUND ZERO INTO OUTER SPACE
OUR INVESTMENT REMIT
We invest in resourceful and daring founders with unique visions, operating cultures and IPs who are aiming to build decacorns by tackling global white spaces. The best way to connect with us is by finding a warm introduction to one of the partners or our investment team members.
SECTOR
We follow innovative founders who build for the future. We have an affinity for original business models that resonate with us and can scale rapidly while remaining capital efficient.
STAGE
We lead Seed to Series A rounds where we aim for an initial ownership of 20%. Our investment amount can range anywhere between $500,000 to $5M, depending on the stage of the deal and how much Product Market Fit is demonstrated.
GEOGRAPHY
We invest primarily in founders and/or engineering teams that are based in the GCC, Egypt, Jordan and Lebanon. We opportunistically invest in early-stage start-ups that aren’t necessarily based in our region, but to which we can add value through our vast regional and global network.
OUR VALUE ADD
We view ourselves as lieutenants in an army led by our founders. We are there when they need us, and on the sidelines when they don’t – during both the good and tough times. We champion our founders to make sure they are able to focus on the health of their company and team. We look to create transformational value for our portfolio companies through:
Fundraising: this includes helping with fundraising through our dedicated team to assist in raising growth capital from our network of global top tier investors.
Network + Talent: accessing key decision makers, including regulators where necessary, helping with business development and helping recruit for crucial roles.
Data: through leveraging our in-house data analytics engines, we provide our portfolio companies with ongoing analytics insights focused on the quality of product market fit.
PORTFOLIO IMPACT
PORTFOLIO
Fund 1 - $50M 2015 Vintage
Fund 2 - $100M 2018 Vintage
Fund 3
Ajar Online is a cloud service built for the real estate market in the GCC that offers a quick and efficient online rent collection via SMS and Email.
CoinMENA is a Sharia-compliant crypto-assets trading platform that is licensed and regulated by the Central Bank of Bahrain (CBB). Through CoinMENA, users can buy, sell, store, and receive digital assets safely and securely, as well as deposit and withdraw in their local currency.
Bayzat is a technology company that provides insurance and HR solutions. They help individuals and companies compare, buy and use their health insurance with an intuitive app and HR professionals automate administrative work by ensuring that all HR processes are centralized, accessible and secure.
The leading taxi aggregator in the Middle East
DUPLAYS is a sports league and event management company that helps organise activities in 8 cities with over 60,000 members. They deliver great sport, fitness and team building activities where you live.
Fetchr helps local merchants and global brands build, launch and grow profitable eCommerce businesses with an easy to use proprietary shipping and logistics solution.
JadoPado is a marketplace where people around the world come together to buy and sell great stuff!
JadoPado lets you sell new, used and refurbished products directly to buyers. Sellers handle their own stores including products, offers, orders and fulfilment, while making sure everything looks great!
JadoPado gives buyers incredible choice across a wide range of categories and an easy to use, secure experience. JadoPado handles payments on behalf of sellers and pays them out after you’ve received your purchase.
Laimoon is a discovery platform that helps individuals find courses, jobs, and professional development advice. The company currently focusses on the UAE and the wider GCC region.
Myki is an identity management solution that eliminates the need for usernames and passwords. They are the only secure password manager, password generator and authenticator designed with privacy in mind.
PropertyFinder operates real estate portals across the Middle East. Available in both English and Arabic, its websites provide visitors with search facilities covering residential and commercial properties for rent or for sale, real estate news, home advice, and buying and selling guides.
RoundMenu is an online and mobile social guide for dining out. Currently operating in 3 countries (UAE, KSA and Singapore), RoundMenu uses social media data from Instagram, Foursquare , Facebook and TripAdvisor to rank restaurants and guide its members based on social recommendations.
The Middle East's first online car buying service. Sell any car to us. Guaranteed purchase & payment within 30 minutes.
Fresha is a SaaS booking platform for Salons and Spas that manages all aspects of running a small business. They are trusted by businesses in more than 120+ countries.
Syarah is marketplace connecting buyers and sellers of for new and used cars in the Kingdom of Saudi Arabia.
Vezeeta.com is the Healthcare industry-leading startup from Cairo, Egypt. They are pioneering the shift to automated physician, clinic and hospital bookings and have become the go-to marketplace with comprehensive access to healthcare providers of every discipline.
Wrappup is a meeting based productivity app that directs results oriented meetings. It is the first app to leverage the richness of verbal communication through an intelligent voice recorder. At the push of a button, users can tag and organize the most important points of discussion as contextualized notes.
Swvl is mass transportation startup connecting commuters with private busses through a mobile app. The company aims to fix public transportation in emerging markets across the world by providing transparency, reliability and convenience associated to a person's daily commute.
Wahed Invest is an SEC registered investment advisory. It is the first automated Shari’ah complaint investment platform in the world. Wahed's mission is to provide a safe, reliable, and truly automated Shari’ah compliant investment vehicle to Islamic investors across the globe.
Proximie is a software platform combining augmented reality and telehealth to virtually transport a surgical expert into the operating room regardless of location, to mentor, train and collaborate with the operating surgeon.
Kitopi is a smart managed kitchen network leveraging technology to optimise restaurant delivery operations and power the on-demand food economy. Kitopi has the vision to create the most advanced and efficient cloud kitchen network across the world – working with an array of international and local brands to power their on-demand operations from cooking to delivery.
Tenderd helps contractors procure and manage quality construction machinery as and when they need it.
Tribal is building the financial rails for startups in emerging markets, starting with a corporate card.
MaxAB is re-engineering the food and grocery market, using data-driven technologies and state of the art supply chains.
MENA's leading micro-mobility company
A platform where people can sell their electronics or luxury items, get cash instantly in a safe, dignified, and hassle-free manner and have the option to buy it back anytime within 60 days.
Abwaab is an online learning platform that allows students to learn at their own pace, test themselves and get ahead with our expert tutors anytime and anywhere in the world.
NowPay is a FinTech company that focuses on improving the financial-wellness of corporate employees. They enable employees to get paid at any point in time during the month.
ChatFood helps restaurants take back control of their delivery business, with a commission-free digital menu, operations and management tools, as well as performance restaurant marketing.
RemotePass makes it easy to hire, onboard & pay your global team in full compliance, giving you everything you need to support them. Using their contract management system, companies can instantly create localized contracts, automate onboarding with identity verification, document collection and process mass international payroll all in one place.
OUR STORY
As ex-entrepreneurs ourselves, we know what it takes to get a startup off the ground.
We were in your shoes and we’ve gone through the journey too, from the kernel of an idea, and all the way through to raising funds to build something special. Ultimately, as Dubai’s first early-stage venture capital fund, our vision is to reinvent the Middle East by investing in founders tackling massive white spaces globally and on a journey to become decacorns.
OUR TEAM
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.
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.
Abdulaziz is a Co-founder and Partner at Oryx Ventures, a firm focused on growth stage venture investing in the US. Noteworthy investments include Cohesity, DataRobot, Palantir and Versa Networks. He holds a BSc in Business Management from Kings College London. At BECO, Abdulaziz works closely with the Managing Partners and Investment Team in the diligence of new investment opportunities, leading investments as well as taking board seats. In addition to this, Abdulaziz works closely with Beco portfolio companies as they scale.
A member of the BECO team since 2012, Dona oversees all day-to-day office management. Dona is also responsible for all accounting, bookkeeping and payroll activities, in addition to HR tasks at BECO. With more than 11 years of experience, Dona’s prior roles have been in both Dubai and the Philippines, having started her career there at Nestlé.
Osama holds a bachelor’s degree in Biomedical Engineering from Jordan University of Science and Technology. Osama is a graduate of an executive program in Data Science and Analytics from UC Berkeley’s Haas School of business. Osama is also a graduate of General Electric’s leadership program (Corporate Audit Staff). Prior to BECO, Osama spent 12 years at GE. He held various positions across multiple business units. GE Power, Aviation, Healthcare and Corporate. Focusing on Market Development, Business Development, Sales, Strategic Marketing and Operations.
Prior to joining BECO Capital, Karim was a Senior Analyst at FIM Partners, a regional asset manager with over $2bn assets under management. Karim reported directly to the portfolio managers and CIO where he conducted fundamental equity analysis on companies across the MENA and Frontier public markets. Karim's coverage was agnostic, where he covered the technology, financials, education, and healthcare sectors. Prior to FIM, Karim began his career at EFG Hermes Asset Management, helping launch their Frontier Equity strategy performing a similar role. Karim has a Masters in Global Finance from Fordham University as well as a Bachelors in Finance from Pepperdine University.
Originally from Istanbul, Bora moved to the United States at age 18 to attend Bentley University in Boston for his undergraduate studies, followed by his graduate studies at Georgetown University in Washington DC. After having interned at Credit Suisse as an analyst, he started his entrepreneurial journey in Miami by founding CarHopper, Inc. His most notable accomplishments at CarHopper were raising a seed round of $1.8M, signing multi-million-dollar partnership agreements with Fortune 500 companies like Expedia and Kayak, expanding the business’ operations into 6 markets across the United States, and leading it to an acquisition by the world’s leading carsharing marketplace in the midst of a global pandemic.
After pursuing her dream of becoming a software engineer, Anushka embarked on her journey at BECO in 2019. Her innate interest in math makes her great with numbers which helps expedite the decision-making process for investments. She helps analyze, monitor and optimize the performance of the fund and the portfolio companies. Her love for venture stems from a never-say-die attitude and a competitive spirit. The essence of her soul can be found in her deep-rooted love for music.
Firas started his career with Samba Financial Group, one of the region’s largest banks based in Saudi Arabia where he was an Investment Associate within the Private Equity team. He then moved to an investor relations role with Greenstone Equity Partners where he worked along side global managers assisting with fundraising efforts across multiple asset classes. Firas is a Saudi national who has a passion for Venture Capital and is keen to witness the advancement of regional venture and startup ecosystem. He holds a BSc in Finance and Business Administration from Portland State University, USA.
At BECO, Judy focuses on organizational behavior, capability and performance. She works on building camaraderie to create a strong internal community, as well as cultivating BECO’s company culture, and recruiting and nurturing talent. Judy’s passion lies in designing workplace environments and experiences that foster a sense of connection and growth. Her professional goal is to become a human capital expert to unlock individuals' full potential through psychology backed initiatives and build memorable experiences in and outside the workplace. Prior to joining BECO, Judy was organizing bespoke, experiential events for individuals and brands in London, Saudi Arabia, and Dubai.
BECO Capital
GROUND CONTROL
BECO CAPITAL
Office No. 105 One Central, The Offices 4,
Dubai World Trade Center, PO Box 333357,
Dubai, UAE
Tel: +971 4 299 9844