“Pico Capital” raised $ 370 million to finance entrepreneurs in the Gulf

This financing aims to enable the company, which currently owns more than $ 820 million of management assets, to expand its integrated investment platform in the United Arab Emirates and Saudi Arabia, and to address the financing gap in the bold capital system in the region.

Beco Capital has announced the successful closure of two new investment funds according to which they collected $ 370 million, which enhances its ability to support entrepreneurs on their journey towards establishing leading companies, starting from the pre-finance phase through growth rounds to the first public offering (IPO), with a special focus on companies Innovative in the United Arab Emirates and Saudi Arabia.

The total amount includes $ 120 million in favor of the Fourth Investment Fund (Beco Fund IV), which is allocated to support startups in their early stages, in addition to a $ 250 million growth fund aimed at supporting companies in the expansion stages.

The fourth “Beco Capital” Fund, at a value of $ 120 million, to support startups from the initial financing phase (Pre-Seed) to the financing stage of the series “Series A”

Through its fourth investment fund (beco Fund IV), Beco Capital targets the support of high potential companies, capable of achieving dominance in the category of specific products or services, with a focus on strategic investment areas, such as building technologies, financial technology, real estate technology, consumer and retail technologies, and software software and intelligence software Artificial. Administrative partners Danny Farha, Abdel Aziz Sheikh Al -Saghdah and Youssef Hammad shall manage this fund.

“For more than a decade, we have been keeping pace with entrepreneurs to establish their companies from the early stages and help them in their march towards achieving development and growth. This fund reflects our conviction that is established with promising investment opportunities in the United Arab Emirates and the Kingdom of Saudi Arabia, Our strong documentation of the great talents enjoyed by entrepreneurs all over the region. “

A 250 million dollar growth fund to support rapidly growing regional companies

Beco Capital’s growth fund is invested in startups starting from the second financing phase “Series B” to the pre -public subscription stage, led by General Press Amer Alaili. The fund offers a range of medium -sized investments worth $ 20 million in each of the companies within the current “Beco” portfo and in new promising companies.

In this context, Alayli said: “Companies in the Gulf region are witnessing an accelerated and remarkable growth, but they are still facing challenges in obtaining the specialized capital to support this growth. This fund gives us the necessary flexibility for the partnership with the most prominent startups and support during the decisive stages of their expansion, leading to achieving successful exit deals.”

Through these two funds, “BECO” works to manage a comprehensive platform that supports entrepreneurs to establish their companies, from the initial financing stage (PRE-Seed) to the initial public offering stage, through the dynamic bold capital markets in the Gulf region.