PROJECT

Projects

Summary of Investment Information

Project Number

40098

Company Name

BECO HOLDINGS LTD

Date SPI Disclosed

Aug 7, 2017

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Sep 8, 2017

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 5, 2024

Department

CTTPE - TMT, Venture Capital & Funds/Private Equity Funds

Industry

Funds

Previous Events

Approved : Oct 25, 2017
Signed : Mar 12, 2018
Invested : Apr 12, 2018

Sector

Venture Capital Fund

Project Description

BECO Booster Fund II, L.P. (“BECO” or the “Fund”), is a venture capital fund dedicated to investing in early stage technology companies originating primarily in GCC Countries, Egypt, Lebanon and Jordan and opportunistically in the other countries in the Middle East Region. BECO intends to invest in digital businesses that are contributing to the shift from offline to online. The Fund particularly focuses on: i) Marketplaces ii) Tech Infrastructure iii) Software-as-a-Service (SaaS): and iv) Local Content. It also looks at general tech enabled businesses opportunistically. 

Associated Advisory Engagement

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation