Joa Capital

Founded in 2020, Joa Capital is a venture capital firm based in Riyadh, Saudi Arabia. It invests in companies that operate at the intersection of finance, technology, and infrastructure.

Yousef AlYousefi

CEO

Past deals in Gulf Cooperation Council

BuildNow

Seed Round in 2024
BuildNow, established in 2022 and headquartered in Riyadh, Saudi Arabia, offers the Middle East, North Africa, and Pakistan's first 'Build Now Pay Later' solution. It funds raw materials for construction and manufacturing SMEs, providing tailored credit terms to optimize cash flow and accelerate growth.

Shorages

Seed Round in 2024
Shorages offers on-demand ecommerce fulfillment and distribution services for brands aiming to commence and expand their operations in the GCC region. The company securely stores products in warehouses and ensures safe delivery of orders through multichannel e-commerce platforms.

Enhance Ventures

Series A in 2023
Enhance Ventures is a venture studio founded in 2016 and headquartered in Dubai, United Arab Emirates. It specializes in building online businesses across the Middle East, North Africa, Pakistan, and Turkey, with a focus on finance and commerce. The firm develops life‑enhancing products and services, exemplified by its portfolio company joi, a leading online gifting platform. Investors include 500 Startups, Shorooq Capital, Inet, Hala Capital, Kadi Holding, Two Culture Capital, and prominent angel investors from the Middle East, Europe, and the United States.

Alma Health

Series A in 2023
Alma Health is a digital platform specializing in chronic illness management. It serves over 20 million patients in the Gulf Cooperation Council (GCC) region. The platform offers cloud pharmacy services and virtual doctor consultations, transforming patient data into personalized treatments and home monitoring systems.

Shorages

Seed Round in 2023
Shorages offers on-demand ecommerce fulfillment and distribution services for brands aiming to commence and expand their operations in the GCC region. The company securely stores products in warehouses and ensures safe delivery of orders through multichannel e-commerce platforms.

Lamsa

Series A in 2022
Lamsa World is a digital platform based in Abu Dhabi, United Arab Emirates, designed for Arab-speaking toddlers and preschoolers. The company provides an interactive application that offers a variety of edutainment products, including e-books, games, videos, and music. Lamsa focuses on creating an engaging learning environment for children aged 1 to 8 years, delivering content that fosters creativity and imagination. The platform regularly updates its offerings to ensure a diverse range of educational and entertaining materials, which cater to the developmental needs of young learners. Through its innovative approach, Lamsa aims to enhance the educational experience while making learning enjoyable for children.
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