About Joa Capital
Joa Capital is a venture capital firm founded in 2020. It is primarily based out of Riyadh, Saudi Arabia. As of Sep 2026, Joa Capital is an active investor, having invested in 11 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series A round of Erad A lot of funds co-invest with Joa Capital, with names like Plus VC sharing a substantial percentage of its portfolio. Joa Capital has team of 9 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Joa Capital's List of Top Investments
Joa Capital has a portfolio of 11 companies. Their most notable investments are in Jeel Pay and Marko Polo.Their portfolio spans across Saudi Arabia, United Arab Emirates, Kuwait and 2 more locations. They have invested in Enterprise Applications, Consumer, Retail and 6 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Joa Capital:
1. Erad
Provider of working capital to online businesses across various industries. It offers funding solutions for restaurants, retail, clinics, and beauty salons. The company facilitates access to financing through data integration with business platforms. It provides insights to assist businesses with growth strategies.
Key facts about Erad
- Founded Year: 2022
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $41M
- Employee Count: 61 as on Sep 30, 2026
- Investors: Flucas Ventures, Stride Ventures and 21 Others
- Latest Funding Round: Series A, Sep 28, 2026, $*****
2. Rize
App-based marketplace for searching home rentals. The platform allows the tenants to find their rental space through 3D virtual tours. It also facilitates the tenants to obtain a home with payments in short or long-term contracts. Landlords can register their properties on the platform. Their app is available for both Android and iOS devices.
Key facts about Rize
- Founded Year: 2020
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $38.1M
- Employee Count: 97 as on Sep 30, 2026
- Investors: RZM Investment, Raed Ventures and 8 Others
- Latest Funding Round: Series A, Jan 19, 2025, $*****
- Highlight: Editors' Pick
3. mediQ
Mobile-based application offering virtual healthcare services. The platform allows users to find, book healthcare services and make payments for the bookings. The services provided include doctor teleconsultation, home visit, nursing care, online pharmacy, physiotherapy, imaging and laboratory services. Patients can search for doctors by speciality, diseases, book appointments through the app and get a consultation.
Key facts about mediQ
- Founded Year: 2020
- Location: Islamabad (Pakistan)
- Stage: Series A
- Total Funding till date: $7.98M
- Employee Count: 96 as on Sep 30, 2026
- Investors: Amaana Capital, Orbit Ventures and 7 Others
- Latest Funding Round: Series A, May 05, 2025, $*****
- Highlight: Editors' Pick
4. Marko Polo
AI based customer data platform for customer insights. It provides a platform for automating digital advertisements across multiple channels like Facebook, Amazon, Google, etc. It provides an artificial intelligence based marketing assistant. It also provides features such as chatbot interaction, ad campaigns optimization, AI generated creatives and copywriting, etc.
Key facts about Marko Polo
- Founded Year: 2021
- Location: Dover (United States)
- Stage: Seed
- Total Funding till date: $3.5M
- Employee Count: 64 as on Sep 30, 2026
- Investors: Team Ignite Ventures, Bansea and 6 Others
- Latest Funding Round: Seed, May 11, 2025, $*****
- Highlight: Editors' Pick
Platform connecting investors to real estate development financing opportunities. It provides access to various real estate projects, including land acquisition, residential, and commercial developments. The platform offers opportunities for individuals and institutions to invest in debt instruments. It facilitates investment in projects that have undergone financial and technical assessments.
Key facts about Safqah Capital
- Founded Year: 2023
- Location: Riyadh (Saudi Arabia)
- Stage: Seed
- Total Funding till date: $15.2M
- Employee Count: 47 as on Sep 30, 2026
- Investors: COTU Ventures, 500 Global and 9 Others
- Latest Funding Round: Seed, Feb 09, 2026, $*****
- Highlight: Editors' Pick
Joa Capital's Year-on-Year Investment Trends
In 2025, it made 7 investments, while as of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Safqah Capital and most recent follow-on round was in Erad.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 2 | 4 |
2025 | 6 | 1 | 7 |
2024 | 3 | 0 | 3 |
Joa Capital's Investments by Stage
Joa Capital has made 10 investments in Seed stage with an average round size of $5.65M and 1 investment in Series A stage with an average round size of $6M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 1 |
Note: We have considered here, only first round of investments
Joa Capital's Investments by Sector
Joa Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Financial Services and Real Estate and Construction Tech. Notably, it has invested in 10 Tech companies, 6 Consumer (B2C) companies, 6 Enterprise (B2B) companies and at least 4 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 5 |
Enterprise Applications | 4 |
FinTech | 4 |
Financial Services | 3 |
Real Estate and Construction Tech | 3 |
Others | 6 |
Note: We have considered here, only first round of investments
Joa Capital's Investments by Geography
Joa Capital has made most investments in Saudi Arabia (6), followed by United Arab Emirates where it has made 2 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 6 |
United Arab Emirates | 2 |
Kuwait | 1 |
Pakistan | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Joa Capital's recent investments
Joa Capital has made 4 investments in 2026 so far. Erad and Aya are the latest among them.Here are the most recent investments by Joa Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 28, 2026 | Saudi Arabia | Series A | 7506 | ||
Apr 16, 2026 | Saudi Arabia | Series A | 7959 | [+3] | |
Feb 09, 2026 | Saudi Arabia | Seed | 6242 | [+9] | |
Jan 14, 2026 | Saudi Arabia | Seed | 6597 | [+4] | |
Jun 18, 2025 | United Arab Emirates | Seed | 8538 | [+2] |
Team profile of Joa Capital
Joa Capital has a team of 9 members including 3 Partners and 1 Principal located in Saudi Arabia and United Kingdom. Joa Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Joa Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Riyadh | - | ||
Partner | United Kingdom | - | ||
Partner | Saudi Arabia | - | - | |
Principal | - | - |
Co-investors of Joa Capital
Over the past 2 years, 61 investors have co-invested in Joa Capital's portfolio companies. This includes funds and angels.
- Invested before Joa Capital: Y Combinator, Nuwa Capital and 15 others have invested in rounds before Joa Capital. There is 1 company where Y Combinator has invested before Joa Capital and 1 company where Nuwa Capital has invested before Joa Capital.
- Top Co-investors of Joa Capital: 29 investors entered a company along with Joa Capital. These include investors like Plus VC (3 companies).
- Invested after Joa Capital: A total of 15 investors have invested in Joa Capital's portfolio after their investments. Top Investors include Stride Ventures (1 company), Jefferies (1 company) and Channel Capital (1 company).
Recent News related to Joa Capital
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Safqah Capital Raises $15.2 Million in Seed Funding RoundentARABI•Feb 09, 2026•Shorooq Partners, Rua Growth Fund, Safqah Capital, ANB Capital and 9 others
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Governata Secures $4M Seed Funding for Saudi AI Data-Governance PushTech Magazine•Jan 14, 2026•Joa Capital, Governata
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Binbar Investment and Joa Capital Launch SAR 500 Million Marhoon FundMy Startup World•Nov 21, 2025•Joa Capital
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MedIQ, a Pakistani Health Tech Startup, Raises $6M in Series A FundingIncubees•May 13, 2025•mediQ, Joa Capital, Rasmal Ventures
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Markopolo.ai Secures $2M in Seed FundingFinSMEs•May 11, 2025•Marko Polo, Joa Capital, Team Ignite Ventures
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Saudi Fashion Marketplace Aya Secures $1.6 Million in Seed FundingRasmal•Mar 10, 2025•Aya Healthcare, Khwarizmi Ventures, Raed Ventures, Joa Capital and 1 other
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Saudi fashion platform Aya secures $1.6 million in seed fundingAssiyaq•Mar 10, 2025•Khwarizmi Ventures, Raed Ventures, Joa Capital, FENA Holdings
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Rize Closes Series A Investment Round of (USD 35 million) SAR 132 MillionentARABI•Jan 19, 2025•Rize, Raed Ventures, Seedra Ventures, Joa Capital and 7 others
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Saudi fintech JeelPay raises $6.6mn in Pre-Series A fundingArabian Business•Jan 07, 2025•Jeel Pay, Joa Capital, AlJazira Capital
