AlJazira Capital is a Saudi asset management firm in Riyadh. It has led late-stage growth rounds for Saudi startups, including Floward's Series C in 2023 and Calo's Series B extension in 2025.
About Aljazira Capital
AlJazira Capital is a Saudi investment firm that manages assets and funds. It co-led Floward's $156 million pre-IPO round in February 2023 with Rainwater Partners and STV, and led Calo's $39 million Series B extension in July 2025. We did not find a dedicated venture capital fund announced for it, and its startup investments are concentrated in growth stages.
No dedicated venture fund has been announced; late-stage growth investments only. The CEO's job title is as of 2023 coverage and may have changed.
What it invests in
- Stages
- Growth
- Sectors
- All sectors
From its portfolio
Floward
A platform for delivering flowers and gifts across the Gulf, with in-house arranging and a refrigerated delivery fleet
- Stage
- Series C
- Raised
- $186.3M
- Founded
- 2017
- City
- Riyadh
Calo
Healthy meal subscriptions with calories and protein calculated for each customer's goal, cooked and delivered daily
- Stage
- Series B
- Raised
- $90.5M
- Founded
- 2019
- City
- Riyadh
Erad
Shariah-compliant financing for small and medium businesses based on their sales data, with repayment that follows their revenue
- Stage
- Series A
- Raised
- $40.4M
- Founded
- 2022
- City
- Riyadh
Team
- Naif AlmesnedCEO & Managing Director