Investment Associate, Early Stage

BECO Capital; Riyadh; On-site; SAR 300,000 - 600,000; Full time

Benefits offered by this job

Medical insurance

Carry participation

Training budget

Flexible working location

Annual leave during summer

Job summary

BECO Capital is expanding its Saudi Team to accelerate its presence in the Saudi founder ecosystem. You will work on origination, due diligence, and portfolio support, building strong founder relationships and market intelligence to drive high-quality deal flow.

You will develop models, prepare investment memos, and represent BECO across local accelerators and university programs. Arabic and English fluency are valued as you engage with entrepreneurs and partners.

Qualifications

• 4 to 6 years of experience in the Saudi startup ecosystem or related venture roles.
• A live, personal network among Saudi founders and ecosystem players in Riyadh.
• A demonstrable record of sourcing deals and introductions.
• Strong commercial judgment with financial and analytical capability, including building models from scratch.

Responsibilities

• Origination: drive BECO’s early-stage sourcing in the Kingdom and identify best deals quickly.
• Founder relationships: build and maintain founder relationships aligned with BECO values.
• Ecosystem presence: represent BECO across accelerators, syndicates, university programs, and government initiatives.
• Conviction building: perform due diligence, market sizing, valuations, and scenario testing to support investment decisions.
• Investment memos and primers: draft clear, principle-based memorandums for partner review.
• System hygiene: log all activity into BECO’s centralised system.
• Portfolio support: gather and validate reporting data and surface issues to improve ROI for portfolio companies.
• Market intelligence: develop differentiated views on market and sector movements.

Skills

Origination

Founder relations

Ecosystem presence

Due diligence

Investment memos

Market intelligence

System hygiene

Portfolio support

Conviction building

Tools

Excel

Job description

Since 2012, BECO Capital has invested in founders building technology companies across the Gulf and the broader Middle East. Today, the firm manages more than $820 million in AUM, investing from pre-seed through to pre-IPO through two strategies: Early Stage (pre-seed to Series A) and Growth Stage (Series B to Pre-IPO). Where we see an opportunity to build something exceptional, we also partner with entrepreneurs to co-found and incubate companies from inception.

Our compass is calibrated by conviction, not conformity. We support founders who understand the nuances of building in this region, and build category-defining businesses from it. As a partner to founders, we focus on what we do well: thought partnership, capital raising, and business development.

Over more than a decade, we have invested through multiple market cycles, helping founders navigate both periods of rapid growth and more challenging environments. That experience continues to shape how we invest, how we support entrepreneurs, and how we build lasting partnerships.

The Role

We are seeking an ambitious, thoughtful and energetic person to join BECO’s Saudi Team to expand our presence in the Saudi founder ecosystem. You are in the room, on the group chats, at the demo days, hearing about companies long before they are raising and developing relationships aligned to BECO’s value system that pay off years later.

You will do investment work alongside the team to build our conviction, including models, research, diligence, product testing, memos and portfolio support.

What You Will Own

• Origination. Be a driving force in BECO’s early-stage sourcing engine in the Kingdom. Think and act strategically at speed to ensure that BECO sees the best deals as early as possible.
• Founder relationships. Build and maintain founder relationships in line with BECO’s values. Leverage the BECO platform to deliver value to founders even when there is nothing in it for us.
• Ecosystem presence. Represent BECO across accelerators, angel syndicates, founder/operator communities, university programmes and government-backed initiatives. Turn that presence into deal flow and market intelligence.
• Conviction building. Work in the investment team to perform due diligence on new and follow-on deals, building and challenging our conviction. This includes research, market sizing, valuation modelling, sensitivity analysis to address risks and produce scenarios to test both MOIC and IRRs, cohort analysis, customer and channel references, and product testing.
• Investment memos and deal primers. Draft primers and memos to a standard that is ready for partner review, with clear recommendations from first principles.
• System Hygiene: Ensure all activity is logged into BECO’s centralised system in detail.
• Portfolio support. Support KSA portfolio companies, collect and validate reporting data, surface issues early and ensure we as BECO provide high ROI support to founders and their teams, leveraging the BECO platform and team as needed.
• Market intelligence. Develop a differentiated view on market and sector movements.

Who We Are Looking For

This role is built for someone already inside the ecosystem. Network is a requirement, not a bonus.

• 4 to 6 years of experience, with at least two of those spent inside the Saudi startup ecosystem. That could be venture capital, angel investing, an operating role at a high-growth startup, or ecosystem building.
• A live, personal network among Saudi founders (primarily) as well as ecosystem players in Riyadh.
• A demonstrable record of relentless hunting; companies you found early, deals you sourced, and valuable introductions you made.
• Strong commercial judgement as well as financial and analytical capability, including building models from scratch.
• Connecting the dots. You have a keen instinct to identify trends and hone in on what truly matters in a decision or scenario.
• Independent thinking. You form a view, you can defend it against any seniority, but you have the humility to challenge your own assumptions or change your view when the evidence changes.
• High ownership and the ability to self-direct and motivate. Our structure is flat and the KSA team is small. We hire based on a shared value system, we set parameters, and we expect everyone in the team to operate within that foundation at speed.
• Excellent verbal and written communication, able to compress a complex business into a paragraph. Arabic and English fluency.
• Digitally native, and deliberate about using AI and modern tooling to cover more ground than the role would otherwise allow, without allowing AI to do the important work for you.

How We Operate

Our firm operating principles are an active choice about how we work with each other, with founders and with our investors. You will be hired against these principles and reviewed against them.

• Humility Is Non-Negotiable. We choose to build credibility quietly. Failure should humble us, and success should humble us even more. We speak about our work factually, we don’t gossip, we don’t posture. We are here to serve founders and investors.
• Optimism Must Be Disciplined. We accept that we live in a world of uncertainty and incomplete evidence. Our craft is knowing where to apply optimism and where to apply discipline. We use optimism to define what’s possible and discipline to test what’s true. Positivity without rigor is irresponsible and naive.
• Own it and Bounce Back. Mistakes and wrong decisions happen. When they do, we don’t jump into defense or explanation. We reflect-first, take accountability for our part, and focus on solutions and applying the lesson in the future.
• Think From First Principles, Always. Existing answers are not proof of correctness. We challenge whether the underlying assumptions and first-principles still make sense because circumstances change. Independent thinking is the responsibility of everyone in the firm.
• Respectful Candor Builds Trust. We are candid and welcome candor. Externally, we communicate transparently and honestly with grace. Internally, we are direct regardless of level, honouring our flat structure. All input and opinions are equal as long as it’s well reasoned and delivered respectfully. We challenge and raise issues in real time and receive all feedback constructively.
• Outcomes Over Effort. We value hard work, but we measure success by high-quality outcomes delivered efficiently. In teamwork, we win or lose together; the firm’s result is everyone’s result.
• Endurance is Our Advantage. Enduring firms are built through consistent and compounding results. We maintain strong baseline momentum between intense cycles and continuously raise our standards. We do this sustainably by being hyper self-aware and constantly optimizing for keeping our standards high at pace.
• Integrity Above All. Winning matters, being prudent matters, but never at the expense of doing what's right. All decisions are made with integrity first. We give before we get, and we are grateful for the trust placed in us by founders and shareholders.

What Success Looks Like in Twelve Months

• BECO is recognised amongst the Saudi founder community as a local VC that invests from founding to pre-IPO.
• You have relationships with the senior, non-founder employees of top startups in the Saudi ecosystem.
• You are a known and trusted name among early-stage founders in Riyadh, and a meaningful share of our quality KSA pipeline originates with you.
• You have taken opportunities from first meeting through to IC-ready memo with minimal rework.
• Your judgement is calibrated. Your yesses and passes are well reasoned and hold up twelve months later.
• Competitive compensation package, carry participation and medical insurance coverage.
• Professional training and development budget.
• Flexible working location and annual leave during the summer period, as agreed with your line manager.
• Direct exposure to the General Partners and to the full investment process from first meeting to exit.

Learn more about our work at becocapital.com. Thank you for considering BECO and we look forward to connecting.