{"id":593625,"date":"2019-10-03T04:04:00","date_gmt":"2019-10-03T04:04:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/uaes-beco-closes-second-vc-fund\/"},"modified":"2019-10-03T04:04:00","modified_gmt":"2019-10-03T04:04:00","slug":"uaes-beco-closes-second-vc-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/uaes-beco-closes-second-vc-fund\/","title":{"rendered":"UAE\u2019s Beco closes second VC fund"},"content":{"rendered":"

STARTUP WATCH- UAE\u2019s Beco closes second VC fund: <\/b>Beco Capital has closed its second startup fund at USD 100 mn, exceeding its initial USD 80 mn target, the Dubai-based venture capital firm said in a press release (pdf)<\/a>. Among those committing capital to the fund were Rimco Investment, the International Finance Corporation, Warba Bank and sovereign capital committed by Al Waha Venture Capital Fund of Funds out of Bahrain. The company specializes in investing in seed and series A stage tech startups, and providing follow-on capital to its best performing portfolio investments. Beco has to date invested in 22 companies through its two funds \u2014 including in household names Careem, Property Finder, and Vezeeta. It has also raised north of USD 1 bn in \u201cfollow-on capital,\u201d led Swvl\u2019s USD 8 mn<\/a> landmark series A funding, and co-led e-commerce startup MaxAB\u2019s recent USD 6.2 mn round<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

STARTUP WATCH- UAE\u2019s Beco closes second VC fund: Beco Capital has closed its second startup fund at USD 100 mn, exceeding its initial USD 80 mn target, the Dubai-based venture capital firm said in a press release (pdf). Among those committing capital to the fund were Rimco Investment, the International Finance Corporation, Warba Bank and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[887,72,203,2380,123,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593625","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-beco-capital","tag-enterpriseam","tag-entrepreneurship","tag-speed-round","tag-startups","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"bfe98030-a907-4e31-9d56-0f80b269d033","is_powered_by":true,"section_story_id":"c0259657-d7c8-4acf-92ae-7cdcf80435f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593607],"teaser":"","voice_url":""},"yoast_head":"\nUAE\u2019s Beco closes second VC fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/uaes-beco-closes-second-vc-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Beco closes second VC fund\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- UAE\u2019s Beco closes second VC fund: Beco Capital has closed its second startup fund at USD 100 mn, exceeding its initial USD 80 mn target, the Dubai-based venture capital firm said in a press release (pdf). 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