Riyadh – Sharikat Mubasher: Riyadh Valley Company, the investment arm of King Saud University, has announced its investment in BECO Capital Fund IV, an early-stage venture capital fund.

BECO Fund IV focuses on Seed to Series A startups across the Middle East and North Africa (MENA) region, with a particular emphasis on Saudi Arabia and the UAE. According to an official press release, the fund takes a sector-agnostic approach, investing in industries such as fintech, proptech, construction tech, and retail tech. With over 12 years of experience in the region, BECO Capital has backed multiple high-growth startups, including three unicorns.

Khalid Al-Saleh, CEO of Riyadh Valley Company, emphasized the strategic significance of this investment, stating: "Investing in BECO Capital’s fund aligns with Riyadh Valley Company’s strategy and supports the development of the knowledge economy. The region is experiencing rapid growth in venture capital activity, positioning it as one of the fastest-growing markets globally, with an expected CAGR of 9-10% between 2023 and 2027."

Through its participation in BECO Fund IV, Riyadh Valley Company aims to foster both local and international startups while maintaining a balanced investment portfolio. This move aligns with King Saud University’s vision and contributes to Saudi Arabia’s Vision 2030 by driving innovation and strengthening the knowledge economy.