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 United Arab Emirates

Dukkantek

Seed Round in 2022
Dukkantek provides digital transformation services to improve business processes. It offers online solutions to assist with managing and marketing strategies of companies. Dukkantek is based in Dubai, UAE.

Supy

Seed Round in 2022
Supy is a B2B food marketplace servicing restaurants of all sizes streamlines their ordering process and equips.

NorthLadder

Convertible Note in 2022
North Ladder is an online B2C (and B2B) portal that brings sellers of personal items to the ‘best priced’ and geographically closest buyer with the additional optionality for the seller to ‘buyback’ their item in the near future.

Hubpay

Series A in 2022
Hubpay Technologies Ltd. operates Hubpay, a digital wallet designed for facilitating low-cost remittances and international bill payments in the United Arab Emirates. Founded in 2019 and based in Dubai, the platform aims to enhance financial inclusion in emerging markets by supporting both the remittance and mobile money sectors. Hubpay provides a user-friendly solution for individuals sending and receiving money, contributing to easier access to financial services in the region.

NorthLadder

Series A in 2021
North Ladder is an online B2C (and B2B) portal that brings sellers of personal items to the ‘best priced’ and geographically closest buyer with the additional optionality for the seller to ‘buyback’ their item in the near future.

Fetchr

Series C in 2020
Fetchr helps local merchants and global brands build, launch and grow profitable eCommerce businesses with an easy to use proprietary shipping and logistics solution. With our app and a simple tap, we can locate your exact location allowing us to deliver packages to your phone faster and more efficiently. Fetchr solves the problem of no physical addresses in emerging markets.

Vezeeta

Series D in 2020
Vezeeta is the digital healthcare platform in MEA that connects patients with healthcare providers and health services. Patients are able to search, compare, book and review the best doctors in Egypt, Saudi Arabia, Jordan, and Lebanon. It also provides innovative SaaS solutions to healthcare providers in the region. Vezeeta empowers millions of patients through data and the ability to better access healthcare in the region. With over 200,000 verified reviews, patients are able to search, compare, and book the best doctors in just 1 minute. Doctors also provide Patients with seamless healthcare experiences through our clinic management software.

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.

BulkWhiz

Series A in 2019
Bulkwhiz is the first hassle-free online bulk grocery shopping in the UAE, powered by the next generation artificial intelligence. It is the first local startup in its sector to develop its own proprietary AI-enabled technology that offers a personalized, simple online shopping experience for households and small businesses. Through its homegrown tech solution, Bulkwhiz delivers value and is designed to save time, money and effort for the busy working moms and dads, city dwellers and small businesses. Its one-click order offers door-to-door delivery service of branded bulk, shelf stable, household staples and office products. Carefully curating leading regional and international brands, Bulkwhiz allows shoppers to create a one-time smart and flexible shopping list that makes the arduous shopping of bulk products simple and easy.

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.

Vezeeta

Series C in 2018
Vezeeta is the digital healthcare platform in MEA that connects patients with healthcare providers and health services. Patients are able to search, compare, book and review the best doctors in Egypt, Saudi Arabia, Jordan, and Lebanon. It also provides innovative SaaS solutions to healthcare providers in the region. Vezeeta empowers millions of patients through data and the ability to better access healthcare in the region. With over 200,000 verified reviews, patients are able to search, compare, and book the best doctors in just 1 minute. Doctors also provide Patients with seamless healthcare experiences through our clinic management software.

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.

Bayzat

Series A in 2017
Bayzat is a technology company that provides insurance and HR solutions. They help individuals and companies compare, buy, and use their health insurance. With Bayzat Benefits, their technology platform, they are able to streamline the policy placement process for their clients and help them understand their policy. More importantly, Bayzat Benefits automates administrative work for HR professionals and ensures that all HR processes are centralized, accessible, and secure.

Fetchr

Series B in 2017
Fetchr helps local merchants and global brands build, launch and grow profitable eCommerce businesses with an easy to use proprietary shipping and logistics solution. With our app and a simple tap, we can locate your exact location allowing us to deliver packages to your phone faster and more efficiently. Fetchr solves the problem of no physical addresses in emerging markets.

Vezeeta

Series B in 2017
Vezeeta is the digital healthcare platform in MEA that connects patients with healthcare providers and health services. Patients are able to search, compare, book and review the best doctors in Egypt, Saudi Arabia, Jordan, and Lebanon. It also provides innovative SaaS solutions to healthcare providers in the region. Vezeeta empowers millions of patients through data and the ability to better access healthcare in the region. With over 200,000 verified reviews, patients are able to search, compare, and book the best doctors in just 1 minute. Doctors also provide Patients with seamless healthcare experiences through our clinic management software.

Careem

Series D in 2016
Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

Bayzat

Series A in 2016
Bayzat is a technology company that provides insurance and HR solutions. They help individuals and companies compare, buy, and use their health insurance. With Bayzat Benefits, their technology platform, they are able to streamline the policy placement process for their clients and help them understand their policy. More importantly, Bayzat Benefits automates administrative work for HR professionals and ensures that all HR processes are centralized, accessible, and secure.

Wrappup

Seed Round in 2016
Wrappup uses AI to auto-summarize your meetings, declaring war on pens everywhere! The platform uses a combination Speech Analysis, NLP, and Deep Learning models to identify important moments in discussion. Just invite lucy@wrappup.ai to your next call, and she’ll listen for keywords like “follow-up” or “next steps” to generate all the action items for you. Users can train the system with their own set of keyword triggers and vocabulary, making Lucy smarter and smarter as she grows!

Careem

Series C in 2015
Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

JadoPado

Series A in 2015
JadoPado Ltd. is an online marketplace based in Dubai, United Arab Emirates, that facilitates the buying and selling of new, used, and refurbished products. Founded in 2010, it offers a diverse range of product categories, including electronics, fashion, home improvement, beauty, and more. Sellers on JadoPado manage their own stores, taking responsibility for product listings, offers, orders, and fulfillment, while the platform provides a user-friendly and secure experience for buyers. JadoPado also manages payment processes, ensuring that sellers receive their payments after buyers confirm receipt of their purchases. As of May 2017, JadoPado operates as a subsidiary of Alabbar Enterprises.

Bayzat

Series A in 2015
Bayzat is a technology company that provides insurance and HR solutions. They help individuals and companies compare, buy, and use their health insurance. With Bayzat Benefits, their technology platform, they are able to streamline the policy placement process for their clients and help them understand their policy. More importantly, Bayzat Benefits automates administrative work for HR professionals and ensures that all HR processes are centralized, accessible, and secure.

Careem

Series B in 2014
Careem designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

TravelerVIP

Seed Round in 2013
TravelerVIP.com operates as a travel Website that offers discounts on selected hotels and holidays. It provides online booking services for beach resorts, city escapes, desert hotels, honeymoon hotels, safari lodges, romantic hotels, golf hotels, island resorts, mountain resorts, ski resorts, culinary hotels, shopping hotels, and family hotels in Dubai, Abu Dhabi, London, Paris, New York, Bangkok, and Beijing. TravelerVIP.com was formerly known as RihlaPrime.com. The company was founded in 2012 and is based in Dubai, United Arab Emirates.

Laimoon.com

Venture Round in 2013
Laimoon supports career-minded people with information on jobs,courses and career insights. Currently focussing on the UAE and the wider GCC region.

RoundMenu

Seed Round in 2012
RoundMenu Ltd. is an online restaurant discovery platform based in Dubai, United Arab Emirates, founded in 2012. It enables users to book restaurants online and browse options by cuisine, location, or theme. The platform incorporates social media data from various sources, such as Instagram and TripAdvisor, to rank restaurants and provide personalized recommendations. RoundMenu operates in three countries: the UAE, Saudi Arabia, and Singapore, offering features like customer reviews, maps, and average prices to assist diners in making informed choices. As of 2018, RoundMenu functions as a subsidiary of Careem Networks FZ LLC.

Duplays

Seed Round in 2012
Duplays is an online community that connects individuals passionate about sports, offering a platform for various activities such as football, basketball, netball, beach volleyball, softball, beach tennis, and rugby. Founded in 2007 in Dubai, United Arab Emirates, it has grown from a small group of friends playing ultimate frisbee to over 60,000 members across eight cities. Duplays organizes sport and social activities, including nightly leagues, weekend tournaments, and high-profile events, promoting fitness and team building. The company aims to foster healthier and more connected communities by encouraging social interactions through sports rather than traditional venues like bars or gyms.

JadoPado

Venture Round in 2012
JadoPado Ltd. is an online marketplace based in Dubai, United Arab Emirates, that facilitates the buying and selling of new, used, and refurbished products. Founded in 2010, it offers a diverse range of product categories, including electronics, fashion, home improvement, beauty, and more. Sellers on JadoPado manage their own stores, taking responsibility for product listings, offers, orders, and fulfillment, while the platform provides a user-friendly and secure experience for buyers. JadoPado also manages payment processes, ensuring that sellers receive their payments after buyers confirm receipt of their purchases. As of May 2017, JadoPado operates as a subsidiary of Alabbar Enterprises.