The Venture Codex Logo

The Venture Codex

Joa Capital

Al Dahna Building 6643 Al Ihsaa, Az-Zahraa, Ar Riyad, 12815, Kingdom of Saudi Arabia

Overview

Joa Capital invests in firms that make a difference in the world by bringing finance, technology, and infrastructure together.

Total investments
7
Lead investments
3
Investments · 12mo
3
Active investors
1
Visit website

Investment portfolio

  • Aya

    Participated · Series A · Apr 2026

    Founded in 2024 by Munira Al Kadi and Abdulrahman Al Ammar, Aya operates a demand-driven fashion platform that launches trends in real time by testing more than 700 designs each month and producing only items that show clear customer engagement. The company routes manufacturing through a distributed network to enable fast turnaround times and competitive pricing. Aya initially validated its model in the $3 billion abaya market and has since expanded operations, serving over 100,000 customers and growing to more than 60 employees. The startup reported 9x year-on-year growth and plans to use new funding to expand into additional product categories and scale its real-time production model across broader fashion and lifestyle segments.

  • Safqah Capital

    Participated · Seed · Feb 2026

    Founded in 2023 by Abdullah Alsubaie, Karim Merie, Abdulmalik Alothman and Omar Alessa, Safqah Capital offers a digital platform that connects individual and corporate investors with SME real-estate developers through Sharia-compliant, debt-based crowdfunding instruments. The company specializes in structuring Sukuk to finance land purchases and project development, giving developers access to alternative capital while opening real-estate investment opportunities to a broader investor base. Over its first 18 months, Safqah has financed more than 70 development projects with an aggregate value exceeding $800 million across Saudi Arabia. Its platform combines fintech and proptech capabilities and plans to integrate advanced AI-driven risk assessment and underwriting tools. The firm intends to expand its financing capacity and further scale its technology infrastructure with the newly raised capital. Safqah’s model targets the growing demand for transparent, Sharia-compliant real-estate financing solutions in the GCC. The company is headquartered in Riyadh, Saudi Arabia.

  • Governata

    Led · Seed · Jan 2026

    Founded in 2025 by Khalid Almudayfir, Jehad Senan, and Djamel Mohand, Governata offers an enterprise SaaS platform focused on data governance, cataloging, quality, and compliance tailored to regional regulations. The software allows organizations to centralize their data assets, establish robust governance policies, and prepare their data for AI and advanced analytics initiatives. Since launch, Governata has secured partnerships with major government entities and leading private-sector companies across the region, underscoring early traction and market relevance. The company positions itself as a critical layer for responsible and compliant data infrastructure amid growing AI adoption in the MENA market. With its newly raised capital, Governata plans to accelerate product development, deepen its AI-driven decision-making capabilities, and expand regionally. The recent $4 million seed financing is the firm’s first disclosed round, providing resources to scale operations and enhance its platform.

  • Prop-AI

    Participated · Seed · Jun 2025

    Prop-AI, founded in 2023 by Ranime El Skaff and Christian Kunz and headquartered in Dubai, offers an AI-powered platform to simplify real estate buying and investing. The platform uses AI and machine learning to automate the entire investment process—property search, financial evaluation, purchase negotiation, and closing—and supports users from first-time homebuyers to institutional investors. In June 2025 the company raised $1.5M in a pre-seed round. The funds will be used to expand regional data integration, enhance the platform’s AI capabilities, establish partnerships across the real estate ecosystem, and launch new features including a revamped UI/UX and interactive investor tools. The company positions itself as a comprehensive real estate intelligence and investment tool for the MENA market.

  • Markopolo ai

    Led · Seed · May 2025

    Markopolo.ai develops autonomous AI agents that work alongside marketing and sales teams to automate repetitive tasks and enable strategic work. Its product suite includes Mark, a media buying agent that runs and optimizes campaigns across Meta, Google, TikTok and Yahoo Japan; Nabiq, a scalable AI sales agent for personalized, cross-channel conversational campaigns; and DeepDive, a real-time social listening and engagement engine. The company says its solution delivers an integrated capability to drive growth, optimize engagement and unlock actionable insights. Founded in 2022 by Tasfia Tasbin and Rubaiyat Mostofa, Markopolo.ai has rapidly expanded to a presence in 40+ countries. According to its website it maintains offices in Sheridan, Wyoming and Bengaluru, India. The company recently raised seed funding, indicating early-stage capital to support product and geographic expansion. Markopolo.ai is a Bangladesh-based startup that offers an AI-powered marketing platform tailored to small and medium-sized enterprises. Its platform streamlines creation and distribution of advertising content across social media and provides predictive analytics and data-driven insights to help SMEs refine marketing strategies and engage target audiences. The company has pursued international recognition, winning the Bangabandhu Innovation Grant Competition, placing in the top 60 of the K-Startup Grant Challenge, and finishing top 10 in the She Loves Tech 2021 Bangladesh round. At Leap 2024 it won a $40,000 grant at the AI Oasis Hackathon, underscoring traction and product validation. Co-founders Tasfia Tasbin and Rubaiyat Farhan lead the company; both were named to Forbes Asia 30 Under 30 in 2023. Markopolo.ai has attracted attention from venture capital firms and is positioned to continue scaling its AI marketing offerings. Markopolo is a Dhaka-based marketing automation startup targeting SMBs in local and international markets. Its core product is an AI Marketing Assistant that ingests business information and automatically generates ad campaigns, creatives, and copy for platforms such as Facebook, Instagram and Google, while handling campaign planning, A/B testing and ad-spend optimization. The platform now includes GPT-3–powered caption and copy generation and aims to combine design, copywriting, analytics and execution in one place. Markopolo operates a freemium model (new users receive 300 onboarding credits) with three subscription tiers—free, basic, and advance—and an enterprise offering; it reports over 4,000 companies on its waiting list. Early market traction spans India, Indonesia (its largest customer base), North America, Canada, France, the UK and Turkey. Initial operations were founder-funded and the company has raised $200,000 from angel investors as it prepares a public beta launch and planned North America expansion targeting Amazon FBA and Shopify owners.

Team