PROJECT

Projects

Summary of Investment Information

Project Number

40414

Company Name

BECO HOLDINGS LTD

Date SPI Disclosed

Aug 15, 2017

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Oct 25, 2017

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 21, 2023

Department

CDFVC - Disruptive Technologies and Funds/VC Funds and ISC Funds

Industry

Funds

Previous Events

Approved : Oct 25, 2017
Signed : Apr 30, 2018
Invested : May 8, 2018

Sector

Venture Capital Fund

Project Description

BECO Holdings Ltd. (“BECO Fund I” or “BECO Holdings”) was established in 2014 and is a holding company investing in early stage technology companies originating primarily in the MENA region (predominantly GCC Countries, Egypt, Lebanon and Jordan). BECO is seeking a capital increase primarily for further growth and follow-on investments in existing portfolio companies.

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation