Riyadh Valley Company, King Saud University’s investment arm, announces its investment in BECO Capital Fund IV, an early-stage venture capital fund.
BECO Fund IV targets Seed to Series A startups across the Middle East and North Africa (MENA) region, focusing on Saudi Arabia and the United Arab Emirates. The fund is sector-agnostic, investing across multiple industries, including fintech, proptech, construction tech, and retail tech. BECO Capital has invested in the region for over 12 years, serving as an early investor and partner to three unicorns and many other talented founders.
In this regard, Dr. Khalid Al-Saleh, CEO of Riyadh Valley Company, commented: “The investment in BECO Capital’s venture capital fund aligns with Riyadh Valley Company’s investment strategy and contributes to the development of the knowledge economy. The region is witnessing a surge in venture capital activity, making it one of the fastest-growing markets globally, with an expected compound annual growth rate (CAGR) of 9-10% between 2023 and 2027.”
Riyadh Valley company’s investment in the BECO Fund aims to support local and international startups and build a balanced investment portfolio. This aligns with King Saud University’s objectives and contributes to achieving Saudi Arabia’s Vision 2030 goals in the knowledge economy sector.