Saudi Venture Capital (SVC) has invested $20 million in Booster IV, a venture capital fund managed by BECO Capital.

More to Know:

• BECO Capital is interested in early-stage investments in the Gulf region and manages assets worth $495 million across 4 funds.
• The fund focuses on early-stage investments from seed to Series A across all sectors, with a focus on Saudi Arabia and the GCC region.

Related Comments:

• “Our investment in Booster IV managed by BECO Capital is part of our fund investment program in line with our strategy to support funds investing in Saudi startups, especially during their early growth stages,” said Dr. Nabil Koshak, CEO and Board Member of SVC.
• “This partnership with the SVC team is an important step forward, and we look forward to maximizing the impact we can together make for Saudi founders in the years to come,” said Danny Farha, Co-Founder and Managing Partner at BECO Capital.