BECO Capital Publishes List of MENA VCS, Predicts Mega Exits in 2019
BECO Capital has published a list of the 109 players in the MENA’S VC ecosystem, arranging them in a format based on the periodic table of elements (a table of chemical elements arranged by order of their atomic number). VC players include regional and international firms, VC businesses by regional conglomerates, tech acquirers, angel investors, incubators/accelerators, angel groups, and micro VCS. According to Dany Farha, CEO of BECO Capital, the region will start to reap the benefits of these long-term investments by 2019 and start witnessing mega exits, including the region’s first “unicorns” (tech companies expected to break the $1 billion valuation ceiling). Currently, VC players are seeking to deploy the $150 million remaining from the $250 million they raised over the past 3 years.