About Joa Capital
Joa Capital is a venture capital firm founded in 2020. It is primarily based out of Riyadh, Saudi Arabia. As of Feb 2026, Joa Capital is an active investor, having invested in 10 companies, with 6 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 FinTech. Most recently it participated in the $***** Seed round of Safqah Capital 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 12 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Deals in last 12 months
Joa Capital's List of Top Investments
Joa Capital has a portfolio of 10 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, FinTech and 6 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Joa Capital:
1. 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: 24 as on Jul 01, 2024
- Investors: Amaana Capital, Orbit Ventures and 7 Others
- Latest Funding Round: Series A, May 05, 2025, $*****
- Highlight: Editors' Pick
2. 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: Seed
- Total Funding till date: $19M
- Employee Count: 3 as on Jul 01, 2024
- Investors: Flucas Ventures, Khwarizmi Ventures and 14 Others
- Latest Funding Round: Conventional Debt, Nov 27, 2025, $*****
3. Prop-AI
A real estate ownership with AI-powered co-pilot for professionals. They help buyers and owners with suitable investment opportunities. It offers a virtual assistance for AI automated property search, listings, and automated deals.
Key facts about Prop-AI
- Founded Year: 2022
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $1.5M
- Investors: Plus VC, Oraseya Capital and 3 Others
- Latest Funding Round: Seed, Jun 18, 2025, $*****
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: 2 as on Dec 31, 2021
- Investors: Team Ignite Ventures, Bansea and 6 Others
- Latest Funding Round: Seed, May 11, 2025, $*****
- Highlight: Editors' Pick
5. 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
- Investors: Partners For Growth, RZM Investment and 8 Others
- Latest Funding Round: Series A, Jan 19, 2025, $*****
- Highlight: Editors' Pick
Joa Capital's Year-on-Year Investment Trends
In 2025, it made 6 investments, while as of Feb 2026, it has made 2 investments in this year. Its most recent first time investment was in Safqah Capital and most recent follow-on round was in Rize.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 5 | 1 | 6 |
2024 | 3 | 0 | 3 |
Joa Capital's Investments by Stage
Joa Capital has made 9 investments in Seed stage with an average round size of $6.16M and 1 investment in Series A stage with an average round size of $6M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
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, Real Estate and Construction Tech and Financial Services. Notably, it has invested in 9 Tech companies, 6 Enterprise (B2B) companies, 5 Consumer (B2C) companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Enterprise Applications | 4 |
FinTech | 4 |
Real Estate and Construction Tech | 3 |
Financial Services | 2 |
Others | 5 |
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 (5), followed by United Arab Emirates where it has made 2 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 5 |
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 2 investments in 2026 so far - Safqah Capital and Governata.Here are the most recent investments by Joa Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 09, 2026 | Saudi Arabia | Seed | 9328 | [+9] | |
Jan 14, 2026 | Saudi Arabia | Seed | 3003 | [+4] | |
Jun 18, 2025 | United Arab Emirates | Seed | 6615 | [+2] | |
May 11, 2025 | United States | Seed | 3973 | ||
May 05, 2025 | Pakistan | Series A | 9267 |
Team profile of Joa Capital
Joa Capital has a team of 12 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 top 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, 48 investors have co-invested in Joa Capital's portfolio companies. This includes funds and angels.
- Invested before Joa Capital: Orbit Ventures, Cordoba Ventures and 15 others have invested in rounds before Joa Capital. There is 1 company where Orbit Ventures has invested before Joa Capital and 1 company where Cordoba Ventures has invested before Joa Capital.
- Top Co-investors of Joa Capital: 25 investors entered a company along with Joa Capital. These include investors like Plus VC (3 companies).
- Invested after Joa Capital: A total of 6 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.com•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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Rize Closes Series A Investment Round of (USD 35 million) SAR 132 Millionentarabi.com•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
