Saudi Venture Capital (SVC), a state-backed fund, is investing $20 million in Booster Fund IV, managed by Dubai-based BECO Capital, which has $495 million in assets. This investment aims to support early-stage businesses in Saudi Arabia with high growth potential, according to SVC CEO Nabeel Koshak. BECO’s fund focuses on empowering early-stage entrepreneurs in Saudi Arabia and the Gulf region. SVC, a subsidiary of the National Development Fund’s SME Bank, is dedicated to enhancing financing for startups and SMEs, having previously backed 50 private capital funds that supported numerous entrepreneurial ventures.