BECO Capital was founded in 2012 by Dany Farha, Abdulaziz Shikh Al Sagha, and Yousef Hammad, building what became the longest-serving Dubai-based venture capital firm investing in the MENA digital sector at a time when institutional venture capital in the Gulf barely existed. The firm's name references Booster Engine Cut Off - the rocket-launch moment a vessel achieves enough altitude to exit the atmosphere - reflecting its self-described role helping founders escape early-stage gravity. That early conviction produced Careem, which Uber acquired for $3.1 billion in 2019, and BECO has since built a genuinely full-stack platform spanning Pre-Seed through pre-IPO, closing $370 million across two new funds in September 2025 to push total assets under management above $820 million - making it the largest non-government early-stage venture firm in the Gulf.
Careem's 2019 acquisition by Uber for $3.1 billion - BECO was an early backer of the Gulf's dominant ride-hailing company, one of two billion-dollar-plus exits in the firm's track record alongside Property Finder