Saudi proptech startup Jozo has raised SAR 8.3 million (US$2.21 million) in its seed funding round.
The investment was led by Sheikh Hamad Bin Saedan Real Estate Co., which is also joining as a strategic partner.
Jozo focuses on real estate tokenisation. This means it uses technology to turn property assets into digital tokens, allowing people to own small shares of real estate in a simple and legal way within Saudi Arabia.
The company has already reached an important milestone by issuing a tokenised real estate deed through the private sector. This shows that digital property ownership is starting to grow in the Kingdom.
With the support of Sheikh Hamad Bin Saedan, Jozo will benefit from strong real estate expertise and plans to expand its platform by adding more property assets.
The company will use the newly raised funds to grow its operations and improve its technology platform.
This will help Jozo become stronger and expand its role in Saudi Arabia’s growing digital real estate investment market.
Founded in 2024 by Turki Al-Shlail and Fahad Almansour, creates technology that turns real estate into digital tokens. This allows people to invest in property with much smaller amounts of money compared to traditional real estate buying.
The new funding will help the company improve its technology and grow its operations as it expands its platform across Saudi Arabia.
Read More- Cashfree Payments Appoints Sameer Gandhi as CFO
