Middle East Daily
    Hot News
    Lifestyle

    Mazagan Beach & Golf Resort Sees Surge In Bookings From GCC And UAE Residents With New E-Visa Accessibility

    Business

    IEC Telecom to showcase satcom’s role in enhancing humanitarian operations at DIHAD 2024

    Business

    Senegal to host Global Leaders, Investors at the 8th Pan African Humanitarian and Investment Summit

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Wednesday, May 21
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

      FIA PRESIDENT BEN SULAYEM NOMINATES MALCOLM WILSON OBE AS CANDIDATE FOR DEPUTY PRESIDENT FOR SPORT

      Nader Abu-Yaghi appointed Director of Healthcare Services for “Pyramids Health” and “Ability Rehabilitation Medical Center”

      Declaration on longevity and precision medicine launched at Abu Dhabi Global Health Week

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

    • Business

      W Motors expands operations with contract manufacturing services for global OEMs

      From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

      Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer

      Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia

      SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

    • Technology

      Meta AI App goes live in MENA

      CNTXT AI Unveils Munsit: The Most Accurate Arabic Speech Recognition Model

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

      Terra Drone and Aramco Forge Strategic MOU to Advance Drone Innovation and Localization in Saudi Arabia

    • Lifestyle

      Ajman Department of Tourism Development launches ‘Ride for the Community 2025’ initiative to advance sustainable community goals

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Why Endless’s New Platform Is the Fashion Reset Dubai Has Been Waiting For

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

      UAE’s first-ever Woman Grandmaster Rouda Essa Alserkal to play the Norway Chess Open 2025

    Breaking News:
    • W Motors expands operations with contract manufacturing services for global OEMs
    • From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon
    • Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer
    • Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia
    • SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More
    • AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License
    • MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness
    • The International Pediatric Science conference takes off
    Middle East Daily
    Home » BECO Capital Secures $20M Investment from SVC to Drive Innovation in Saudi Arabia’s Startup Ecosystem
    Business

    BECO Capital Secures $20M Investment from SVC to Drive Innovation in Saudi Arabia’s Startup Ecosystem

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    Dubai, United Arab Emirates –  BECO Capital, a leading early-stage venture capital firm, announced a $20M investment from SVC further strengthening its commitment to supporting the burgeoning Saudi startup ecosystem. The investment marks a key moment in BECO’s ongoing efforts to back the region’s most promising technology companies, with a specific focus on Saudi Arabia’s emerging market.

    “We’re thrilled to deepen our partnership with SVC, a respected institution whose mission aligns with ours: driving growth and innovation in Saudi Arabia’s technology sector,” said Dany Farha, Co-Founder and Managing Partner at BECO Capital. “This collaboration is a natural extension of BECO’s continued investment in Saudi startups and underscores our long-term commitment to the Kingdom’s entrepreneurial ecosystem.”

    A Track Record of Success in Saudi Arabia

    The investment from SVC aligns with BECO Capital’s active participation in the Saudi startup market in recent years, where the firm has been a lead investor in the Kingdom’s most promising technology startups. Recent investments include leading rounds in Brkz, a pioneering construction tech platform, and Ejari, an innovative PropTech company, and Mala, a Riyadh-headquartered FinTech startup.

    Managing Partner Yousef Hammad, a Saudi national, recently appeared on ‘Riyada’ on Al Arabiya, where he highlighted BECO Capital’s successful exits, including the recent 17x return on Property Finder. He discussed BECO’s investment strategy as well as its commitment to fostering a strong venture ecosystem.

    “Saudi Arabia remains a key focus for BECO, and we’re excited to contribute to the growth of its startup ecosystem,” said Yousef Hammad, Managing Partner at BECO Capital. “We see immense potential in Saudi entrepreneurs and are committed to helping them scale and drive innovation in this rapidly evolving market.”

    Driving Thought Leadership and Ecosystem Growth

    As part of BECO’s ongoing engagement with the regional ecosystem, Dany Farha recently participated in a panel discussion at the Future Investment Initiative (FII), where he spoke about the evolving fundraising environment and BECO’s 12-year journey in venture capital.

    BECO Capital’s investment strategy targets Seed to Series A startups, with Saudi Arabia representing a primary focus market. While sector-agnostic, the firm maintains clear investment theses across various sectors of interest and is currently publishing a comprehensive four-part series, Part I and Part II recently published here, examining the development and implications of AI in the region.

    The collaboration between BECO Capital and SVC represents a significant step forward in strengthening the regional startup ecosystem, combining BECO’s proven track record in identifying and supporting the next generation of innovative startups in Saudi Arabia.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    W Motors expands operations with contract manufacturing services for global OEMs

    Business

    From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

    Business

    Coworking spaces in luxury real estate developments driving demand in Ras Al Khaimah, according to leading developer

    Business

    Huawei Cloud TechWave Summit 2025: Accelerating Intelligence Across Industries and Amplifying Success in the Middle East & Central Asia

    Business

    SBC Summit Malta: Payments Innovation Track to Tackle Fraud, Crypto, Open Banking & More

    Business

    AUTONOMOUS A2Z Becomes First Korean Company to Obtain Singapore’s M1 Autonomous Vehicle License

    Business

    MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

    Business

    The International Pediatric Science conference takes off

    Add A Comment

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    SCO to play increasingly vital role in enhancing regional prosperity

    Nurlan Yermekbayev The Shanghai Cooperation Organization (SCO) is a unique international entity that traces its…

    News

    Canadian University Dubai remains No. 1 in QS world university rankings for fourth consecutive year

    Dubai, UAE: Canadian University Dubai (CUD) has retained its position as the No. 1 higher education…

    Lifestyle

    Liu Shiming Art Foundation Successfully Inaugurates American University in Cairo’s Participation in Liu Shiming Scholars Fund

    The Liu Shiming Art Foundation has successfully inaugurated the Liu Shiming Scholars Fund at The…

    Business

    Dubai International Program for Writing kick-starts a four-month long Novel Writing Workshop

    The Dubai International Program for Writing (DIPW), one of the most remarkable knowledge projects of…

    Business

    Falak Investments and Standard Chartered Elevate Female Tech Innovators in Saudi’s Latest Women In Tech Cohort

    Celebrating the Success of Women Entrepreneurs in Tech: A Leap Towards Economic Diversification and Global…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (228)
    • Lifestyle (104)
    • News (109)
    • Technology (68)
    Top Insights
    Lifestyle

    “DRIVEN” A Docu-Series on Nasser Al-Attiyah Now Streaming Exclusively On TOD  

    Business

    OMNIYAT GROUP Launches BEYOND, a Development Company Focused on The Wider Luxury Real Estate Market

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.