Saudi proptech Jozo closes $2.2 million seed

• Saudi-based Jozo has raised $2.21 million (SAR 8.3 million) in a seed round, led by Sheikh Hamad Bin Saedan Real Estate Co. as a strategic partner.
• Founded in 2024 by Turki Al-Shlail and Fahad Almansour, Jozo develops solutions that enable the tokenisation of real estate assets, allowing individuals to invest in real estate with much smaller amounts of capital than traditional property buying requires.
• The funding will support technology development and operational scaling as the company expands its platform across Saudi Arabia.

Press release:

Saudi proptech startup Jozo has announced the successful close of its SAR 8.3 million ($2.21 million) seed funding round, led by Sheikh Hamad Bin Saedan Real Estate Co. as a strategic partner.

The company specialises in real estate tokenisation, developing technology solutions that enable the digital representation and fractional ownership of property assets within Saudi Arabia’s regulatory framework.

Jozo has already achieved an early milestone by issuing a tokenised real estate deed through the private sector, highlighting the growing momentum behind digital asset innovation in the Kingdom’s property market.

The participation of Sheikh Hamad Bin Saidan adds significant strategic value, bringing deep expertise in the real estate sector and supporting the expansion of the platform’s asset pipeline.

The newly raised capital will be used to scale operations and further enhance Jozo's technology platform as the company seeks to strengthen its position within Saudi Arabia’s evolving digital real estate investment ecosystem.