Mubasher: BECO Capital has secured $370 million in two new funds, strengthening its capacity to back founders from pre-seed to initial public offering (IPO).

Focusing on the UAE and Saudi Arabia, the company plans to expand its full-stack platform and address a capital gap in the region's venture ecosystem, according to a press release.

The first raise includes $120 million for BECO fund IV, the firm’s fourth early-stage vehicle.

BECO fund IV will target startups from pre-seed through series A across sectors, including fintech, proptech, consumer technology, and AI.

This round led by Managing Partners Dany Farha, Abdulaziz Sheikh Al Sagha, and Yousef Hammad.

The remaining $250 million will back regional expansion through BECO's Growth Fund, which invests in companies from Series B through pre-IPO, led by General Partner Amer Alaily.

It focuses on later-stage opportunities, targeting series B through pre-IPO companies.

The fund invests an average of $20 million in both existing portfolio companies and new opportunities.

Alaily emphasized: "This fund gives us the flexibility to partner with the strongest emerging companies and support them through critical scaling phases toward potential exits."

Since 2012, BECO Capital has been a Gulf-based firm with $820 million in assets under management, backing transformative tech companies in the UAE and Saudi Arabia.

It has delivered nine exits, including two unicorns, and continues to support founders across all growth stages.