Joa Capital

Venture capitalIn Saudi Arabia

Joa Capital is a private markets investment firm based in Saudi Arabia, founded in 2020. It takes equity stakes in fast-growing technology companies in the region and offers credit financing instruments. It has led rounds for companies including Medic and Shurgz.

About Joa Capital

Joa Capital combines direct equity investment in technology companies in the Middle East and North Africa with non-dilutive private credit instruments. It co-led Medic's $6 million Series A round in May 2025, and led Shurgz's round in 2024. In November 2025 it launched, with Benbar Investment, the Marhoon fund, worth SAR 500 million, for financing backed by lease and usufruct contracts.

For clarity

It should not be confused with the US-based JOA Capital (joacapital.com). The Marhoon fund is a financing fund, not a venture capital fund.

From its portfolio

Erad

FintechVerified ✓

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

MedIQShorages

Team

Yousef AlYousefiCEO & Managing Partner