Riyadh Valley Company Invests in BECO Capital’s Fourth Fund to Support Startups in MENA
- Riyadh Valley Company Announces Investment in BECO Capital Fund IV to Support Startups in the Region
- The investment aligns with Saudi Arabia’s Vision 2030 for sustainable development.
- The investment focuses on funding early-stage startups and supporting technological innovation.
Riyadh Valley Company, the investment arm of King Saud University, has announced its investment in BECO Capital Fund IV, managed by BECO Capital, one of the leading venture capital funds in the Middle East.
This fund focuses on early-stage investments, supporting innovative startups and entrepreneurs in the region.
Investing in Early-Stage Startups
BECO Capital Fund IV aims to invest in early-stage startups, ranging from Seed to Series A stages, across the Middle East and North Africa.
The fund specifically targets Saudi Arabia and the UAE, two of the fastest-growing markets for tech-driven entrepreneurship.
The fund is also interested in investing across a range of technology sectors, including FinTech, PropTech, Construction Tech, and Retail Tech.
BECO Capital has over 12 years of experience in the region and has invested in a number of successful startups, some of which have become unicorns.
This track record highlights the firm’s ability to identify and support high-growth companies with significant potential.
Riyadh Valley Company’s Role in Knowledge Economy Development
In this context, Dr. Khalid Al-Saleh, CEO of Riyadh Valley Company, commented: “Investing in the venture capital fund managed by BECO Capital is aligned with Wadi Riyadh’s broader investment strategy.
This investment contributes to the development of the knowledge economy and supports the growing venture capital sector in the region, which is expected to grow at a compound annual growth rate (CAGR) of 9-10% from 2023 to 2027.”
He added, “This investment is a significant step toward enhancing our role as investors in local and global startups.
It supports King Saud University’s objectives and contributes to achieving Saudi Arabia’s Vision 2030, particularly in the field of knowledge-based economy development and innovation.”
Supporting Saudi Arabia’s Vision 2030
This investment aligns with Saudi Arabia’s Vision 2030, which aims to position the Kingdom as a global hub for innovation and technology, fostering a conducive investment environment for innovation across various sectors.
By investing in early-stage and seed-stage companies, BECO Capital Fund IV plays a critical role in stimulating the Kingdom’s business ecosystem, supporting sustainable economic growth.
Riyadh Valley Company’s investment in this fund aims to build a balanced investment portfolio that supports the major transitions in the knowledge economy, through strategic partnerships with innovative companies that are shaping the future of technology across various industries.
Investing in the Future
Riyadh Valley Company’s decision to invest in BECO Capital’s fourth fund comes at a time when the startup ecosystem in Saudi Arabia and the wider region is experiencing rapid growth.
With an increased focus on advanced technologies and the shift toward digital transformation, this fund provides a unique opportunity for investors to support companies that are leading innovation and have strong growth potential.
BECO Capital Fund IV continues to play a pivotal role in supporting both local and international entrepreneurs, acting as a vital platform for investors looking to expand within the MENA region.
