BECO Fund I

BECO Fund I is a venture capital fund managed by BECO Capital, specializing in late seed to early venture and growth capital investments. Founded in 2012 and based in Dubai, United Arab Emirates, the firm focuses on technology-driven companies in the Middle East and North Africa, with particular attention to the United Arab Emirates, Saudi Arabia, Levant, Egypt, and other GCC countries. BECO Capital typically invests between $0.25 million and $3 million in small to medium-sized enterprises, acting as a lead investor while also co-investing. The firm prioritizes socially responsible companies with early adopter users and some revenue, providing not only financial support but also hands-on operational mentorship to enhance growth.

Karim Abadir

Investment Manager

Dany Farha

Co-Founder, Chief Executive Officer & Managing Partner

Bora Hamamcioglu

vice_president

Yousef Hammad

Managing Partner

Abdulaziz Sagha

General Partner

Felix Zimmermann

CFO

Past deals in Kuwait

Dapi

Seed Round in 2019
Dapi Ltd is a fintech company that specializes in developing application programming interfaces (APIs) to facilitate payments between consumer bank accounts and businesses. Founded in 2019 and headquartered in Abu Dhabi, the company provides a suite of open banking APIs designed to connect customer bank accounts, initiate payments, and access financial data in real-time. Dapi acts as an intermediary between financial applications and banks, enabling developers to create solutions such as digital wallets, budget trackers, and investment applications. Its services allow fintech companies to initiate payments through banks and offer financial services based on customer bank statement data. Dapi operates in multiple countries, including the United States, Saudi Arabia, Egypt, Pakistan, South Africa, and Kuwait, and has demonstrated significant demand for its offerings, achieving substantial growth in annual recurring revenue.

Kitopi

Series B in 2019
Kitopi Catering Services LLC operates as a managed cloud kitchen platform that partners with restaurants to expand their delivery reach. The company enables restaurants to open delivery-only locations by providing the infrastructure and software. The company’s in-house suite of applications optimizes all aspects of kitchen operations in real-time to operate ghost kitchens in Dubai, Abu Dhabi, London, Kuwait, Riyadh, and New York. The company was founded in 2018 and is based in New York, New York.

Kitopi

Series A in 2018
Kitopi Catering Services LLC operates as a managed cloud kitchen platform that partners with restaurants to expand their delivery reach. The company enables restaurants to open delivery-only locations by providing the infrastructure and software. The company’s in-house suite of applications optimizes all aspects of kitchen operations in real-time to operate ghost kitchens in Dubai, Abu Dhabi, London, Kuwait, Riyadh, and New York. The company was founded in 2018 and is based in New York, New York.

Kitopi

Seed Round in 2018
Kitopi Catering Services LLC operates as a managed cloud kitchen platform that partners with restaurants to expand their delivery reach. The company enables restaurants to open delivery-only locations by providing the infrastructure and software. The company’s in-house suite of applications optimizes all aspects of kitchen operations in real-time to operate ghost kitchens in Dubai, Abu Dhabi, London, Kuwait, Riyadh, and New York. The company was founded in 2018 and is based in New York, New York.

Ajar

Seed Round in 2017
Ajar Technology General Trading Co. WLL specializes in developing mobile and web-based applications that facilitate rent payment and property management for the real estate market. Founded in 2014 and based in Sharq, Kuwait, Ajar offers a cloud service known as Ajar Online. This platform enables landlords to send automatic payment notifications, view payments in real time, and manage properties efficiently. For tenants, Ajar provides SMS and email alerts for rent payments, allows secure online payment options, and issues receipts upon payment. Additionally, the platform rewards tenants with discounts and incentives for making their rent payments online, enhancing the overall rental experience. Ajar has established itself as a leading property management and rent payment platform in the Middle East.

Ajar

Seed Round in 2016
Ajar Technology General Trading Co. WLL specializes in developing mobile and web-based applications that facilitate rent payment and property management for the real estate market. Founded in 2014 and based in Sharq, Kuwait, Ajar offers a cloud service known as Ajar Online. This platform enables landlords to send automatic payment notifications, view payments in real time, and manage properties efficiently. For tenants, Ajar provides SMS and email alerts for rent payments, allows secure online payment options, and issues receipts upon payment. Additionally, the platform rewards tenants with discounts and incentives for making their rent payments online, enhancing the overall rental experience. Ajar has established itself as a leading property management and rent payment platform in the Middle East.