Latest news with #JoaCapital
CairoScene
18-06-2025
- Business
- CairoScene
Prop-AI Secures $1.5M Pre-Seed to Advance Its AI Real Estate Platform
Dubai-based Prop-AI has raised $1.5 million to expand its AI-powered property investment platform across MENA and global markets. Jun 18, 2025 Prop-AI, a Dubai-based startup using artificial intelligence to enhance real estate investment, has secured $1.5 million in pre-seed funding. The round was led by Plus VC, with participation from Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, and several strategic angel investors and family offices from Saudi Arabia and Bahrain. Founded in 2023, Prop-AI provides a platform designed to simplify property discovery, evaluation, and investment through advanced AI and machine learning. The technology is built to support a wide range of users—from first-time buyers to institutional investors—offering real-time data, predictive insights, and decision-making tools tailored to fast-paced and complex property markets. The platform recently earned the AI Seal of Excellence from the Dubai Centre for Artificial Intelligence, becoming the first PropTech firm to receive the distinction. The recognition follows a period of strong growth, including a tripling of revenue in Q1 2025. Prop-AI plans to use the new capital to accelerate regional data integration, enhance its AI and machine learning infrastructure, and expand its product suite. These developments include launching Prop-AI Business and APIs for real estate professionals, along with an agentic AI system built to support high-level decision-making. A newly revamped user interface and interactive investor map are also being rolled out to simplify market navigation and analysis. The funding round supports Prop-AI's broader mission to introduce intelligent, data-driven tools that make real estate investment more transparent, accessible, and efficient across the MENA region and global markets.
Zawya
17-06-2025
- Business
- Zawya
Prop-AI raises $1.5mln in pre-seed funding to expand its AI-powered real estate investment platform
MENA – Prop-AI, the AI-powered platform revolutionizing how people discover, evaluate, and purchase real estate, has successfully closed its pre-seed funding round, securing $1.5 million from a distinguished group of regional and global investors. The funding round was led by Plus VC, the most active VC in the MENA region, with participation from leading venture capital firms Joa Capital, Select Ventures, Oraseya Capital, and Plug & Play, alongside strategic angel investors and family offices from Saudi Arabia and Bahrain. Founded in 2023 and headquartered in Dubai, Prop-AI is at the forefront of a new wave of PropTech innovation. Its platform automates and enhances property search, evaluation and presentation, harnessing advanced AI and machine learning to help everybody, from first-time buyers to institutional investors, make confident decisions in complex and fast-paced markets. 'Our mission is to build the 'Bloomberg of Real Estate'' said Ranime El-Skaff, CEO of Prop-AI. 'Real estate is the world's largest asset class, yet remains one of the least digitized and data-driven. At Prop-AI, we are truly transforming how real estate investment decisions are made, not just for the region, but globally' 'We are grateful for the trust placed in us by an exceptional group of regional and international investors. Their belief in our vision and their strategic support are not only a validation of the work we have done so far, but also a powerful motivation as we push the boundaries of what's possible in real estate through AI. This funding milestone enables us to accelerate our vision of empowering individuals, institutions, and even autonomous AI systems to invest in real estate with confidence, backed by the most comprehensive data and insights available' Prop-AI has more than tripled its revenue in Q1 2025 and it was recently awarded the prestigious AI Seal of Excellence from the Dubai Centre for Artificial Intelligence, the first PropTech to earn the distinction, recognizing its contribution to the UAE's broader vision of becoming a global AI innovation hub. The new capital will enable Prop-AI to expand its regional data integration, continue developing its tech and AI capabilities and forge key partnerships with real estate developers, brokerages, and financial institutions across the MENA region and beyond. The funding announcement comes as Prop-AI rolls out a revamped UI/UX and powerful new features, including an interactive investor map pulling in all key data for investors and owners, making it easier to navigate the complex real estate landscape intuitively and backed with data. Hasan Haider, Managing Partner at +VC, said: " Prop-AI is at the forefront of PropTech, blending cutting-edge AI with strong market insight. The team's vision, product execution, and market timing are impressive. As real estate becomes increasingly digital and data-driven, Prop-AI is well-positioned to lead the next wave of intelligent PropTech solutions across the Middle East and beyond. We're proud to support Ranime, Christian and the team as they scale their platform and bring greater transparency to the real estate industry.' Julien Plouzeau, Senior Partner at Oraseya Capital, said: 'We believe Prop-AI is solving a huge pain point in real estate by giving people the tools to understand the market as investors, not just buyers. We're excited to support their mission of bringing greater intelligence and accessibility to the sector. Their technology has the potential to reshape how decisions are made across the entire real estate value chain.' 'This funding marks a key milestone in our journey to build the most trusted AI infrastructure for real estate,' said Christian Kunz, Co-founder of Prop-AI. ' We're focused on the launch of our highly-anticipated Prop-AI Business platform and APIs for real estate professionals, and introducing the region's most advanced Agentic AI for Real Estate, within the coming months. These innovations will make intelligent, data-driven, decision-making accessible to investors, real estate professionals, and eventually autonomous AI systems setting a new standard for real estate investing in the region and globally.' About Prop-AI Prop-AI is an AI-powered platform transforming the way people discover, evaluate, and invest in real estate. Built for both individuals and professionals, Prop-AI leverages real-time data, predictive analytics, and conversational AI to deliver actionable insights and investment-grade tools for the modern property market. Headquartered in Dubai, Prop-AI is on a mission to become the global standard for real estate intelligence and decision-making. For more information, on Prop-AI please contact: Name: Neena Punnen Ranime El Skaff Title: Director of PR & Comms Co-founder Email: neena@
Associated Press
11-05-2025
- Business
- Associated Press
Markopolo.ai raises USD 2 million Seed round led by Joa Capital to scale in Saudi Arabia
the startup building autonomous AI marketing teammates, has raised a $2 million seed round led by Saudi based Joa Capital. 'We're engineering AI employees built to think, act, & scale like your best marketing minds. Our mission? Automate growth. Redefine scale. With Markopolo, your company doesn't just grow—it takes off. '— Tasfia Tasbin RIYADH, RIYADH, SAUDI ARABIA, May 11, 2025 / / -- the startup building autonomous AI marketing teammates, has raised $2 million in a seed funding round led by Joa Capital, a Saudi-based venture capital firm focused on high-growth tech ventures across the GCC. The round also saw participation from Team Ignite Partners and a group of strategic angel investors. Founded in 2022, is pioneering a shift from fragmented marketing toolkits to AI-powered, unified platforms. The company's vision is to build AI employees that work alongside marketing and sales teams, automating repetitive tasks and enabling teams to focus on high-impact, strategic work. Powering consumer growth through AI agents, provides a modular AI agent suite purpose-built for modern consumer businesses. The product lineup includes Mark: A media buying agent that can enhance marketing teams by autonomously running and optimizing campaigns across Meta, Google, TikTok, and Yahoo Japan; Nabiq: A scalable AI sales agent capable of executing millions of personalized, cross-channel conversational campaigns; and DeepDive: A real-time social listening and engagement engine that interprets public consumer data to activate relevant outreach. Together, these agents deliver an integrated solution that empowers brands to drive growth, optimize engagement, and unlock actionable insights. Strengthening Roots in Saudi Arabia has made strategic moves to anchor itself in the Kingdom. The company was supported by the Kingdom's National Technology Development Program (NTDP) to relocate its HQ to the Kingdom (under the 'Relocate Program') and has been accepted into Taqadam Cohort 8 2025 by King Abdullah University of Science and Technology (KAUST), receiving a USD 140K grant. In addition, the company also won the AI Oasis Hackathon at LEAP 2024 in Riyadh. These steps reflect commitment to contributing to Saudi Arabia's Vision 2030 goals—particularly in digital transformation, AI, and innovation for consumer sectors. In previous funding rounds, the company received investment from Accelerating Asia, Startup Bangladesh and DIVC. CEO Statement Tasfia Tasbin, CEO and Co-founder of said: 'At we're not just building software— we're engineering AI employees built to think, act, and scale like your best marketing minds. This seed round is more than capital; it's a battle cry. We're going full throttle across the MENA region to empower thousands of businesses to outsmart, outcreate, and outgrow the competition. Our mission? Automate growth. Redefine scale. With Markopolo, your company doesn't just grow—it takes off. We're here to put company growth on autopilot.' Investor Statement Yousef Alyousefi CEO of Joa Capital, commented: ' is building precisely the kind of company we look to back—globally scalable, deeply technical, and solving a real pain point in how consumer brands grow,' said Yousef AlYousefi, CEO of Joa Capital. 'Their AI-first platform reflects the future of marketing and sales enablement, and their rapid traction across multiple markets validates their approach. We're proud to support their global expansion and excited to anchor that journey in Saudi Arabia, where innovation and AI adoption are accelerating in line with the Kingdom's strategic priorities.' — About Joa Capital Joa Capital is a Saudi-based venture capital firm that invests in early-stage ventures with high growth potential in KSA, the GCC, and beyond. Joa Capital backs founders who are solving complex problems with scalable, tech-driven solutions that align with the Kingdom's national development objectives. Markopolo's proven traction, their targeted use of AI and the speed of the development made it a strong fit for Joa's thesis. Website: Email: [email protected] About Markopolo ai inc. Markopolo ai inc. is a deep tech company incorporated in the USA, Kingdom of Saudi Arabia, Japan and Bangladesh. Founded by two talented Bangladeshi entrepreneurs Tasfia Tasbin and Rubaiyat Mostofa, Markopolo AI has rapidly expanded its global footprint to 40+ countries. Website: Email: [email protected] Rubaiyat Mostofa Markopolo ai inc +880 1751325670 [email protected] Visit us on social media: LinkedIn Facebook X Instagram YouTube TikTok Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Wamda
05-05-2025
- Business
- Wamda
Pakistan's MedIQ secures $6 million Series A to scale Saudi operations
Pakistan-based healthtech MedIQ has raised $6 million in a Series A round led by Rasmal Ventures and Joa Capital, with participation from existing investors. Founded in 2020 by Saira Siddique, MedIQ offers a digitally integrated hybrid healthcare ecosystem for B2B and B2B2C clients, combining telehealth, e-pharmacy, AI-powered facility digitisation, and back-office automation for insurers. The company expanded into Saudi Arabia in 2023. The funding will be used to scale operations across Saudi Arabia's SAR 7.2 billion healthtech market, enhance its tech stack, and support expansion into Qatar and neighbouring Gulf countries. Press release: First Pakistani Female-Founded Health Tech Startup Secures $6M in Series A Funding to Expand its Middle East Operations MedIQ, a pioneering healthcare technology startup, has raised $6 million in a Series A funding round led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with strong follow-on investment from existing backers. Founded in Pakistan in 2020, MedIQ expanded to the Kingdom of Saudi Arabia in 2023, building momentum in healthcare across the region. The funding round is one of the largest in the history of the Kingdom's health tech sector and will be used to fuel MedIQ's further expansion across a market sector worth SAR 7.2 billion in Saudi Arabia alone. MedIQ's growth includes broadening its technological reach and the expansion of a unique, proprietary B2B and B2B2C 'Digitally Integrated hybrid healthcare Ecosystem', which will support the rapid modernisation of the sector in line with Vision 2030's goals to transform healthcare efficiency and accessibility. This includes AI-driven digitisation of healthcare facilities and back-office operations of insurance companies to provide a digitally supported, seamless, patient-centred experience for improved patient satisfaction. This shall be followed by the expansion to Qatar and neighbouring GCC countries. With a vision to become the operating system for healthcare in the MENAP region, MedIQ had previously raised $3.8 million in seed and bridge rounds to build its foundation in Pakistan, expand to serve more than 10M customers, and become EBIDTA positive. With learnings from implementation in Pakistan, world class tested tech stack, subject matter expertise, and on-ground presence in Saudi Arabia, MedIQ gained strong traction clearly indicating the product market fit not only for KSA but similar GCC countries. Raising 6 million USD in new funds, MedIQ is committed to capitalizing on the fast-growing Saudi Arabia's economy and other New Economies in the GCC. Founded by physician-turned-health economist and entrepreneur Dr. Saira Siddique, MedIQ aims to become the "operating system" for healthcare in the MENA region, delivering greater cost efficiency, accountability, and convenience through technology. MedIQ was born out of a personal health crisis experienced by Dr. Saira Siddique, who was left paralyzed and hospitalized for over a year. During this time, she experienced firsthand the fragmented and inaccessible nature of Pakistan's healthcare system. This journey led her to launch MedIQ, with the goal of creating a coherent, interconnected, and digitally enabled healthcare ecosystem. 'People don't just suffer from illnesses — they suffer from the system,' said Dr Siddique. 'MedIQ isn't just another health app. We're building the backbone of digital healthcare — a scalable infrastructure that improves outcomes and reduces costs. It started with a simple idea: what if healthcare worked like any modern service — connected, convenient, and patient-first?' Yousef AlYousefi, CEO of Joa Capital 'We truly subscribe to the mission of improving healthcare using technology. The progress MedIQ has achieved since our investment, especially in Saudi Arabia, is incredible. We are thrilled to double down on our position. The next chapter for MedIQ holds an even bigger opportunity, and we're excited to see MedIQ continue its growth in Saudi Arabia, where it has become the undisputed market leader. These growth plans underline the company's commitment to creating value for patients and healthcare providers in Saudi Arabia and the Middle East by empowering them with technology, data, ease of access and affordable solutions in healthcare.' Soumaya Ben Beya Dridje, Partner at Rasmal Ventures "MedIQ's bold vision to transform healthcare delivery across the Middle East and beyond deeply resonates with us. Led by Dr. Saira, their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are eager to support. Our investment, alongside Joa Capital, reflects our commitment to advancing health tech solutions that redefine traditional healthcare models. By backing startups like MedIQ, we aim to accelerate digital transformation and strengthen the GCC and regional healthcare ecosystem."
Arabian Business
01-05-2025
- Health
- Arabian Business
Pakistan's MedIQ raises $6mn to expand digital healthcare platform across GCC
MedIQ, a Pakistan-based healthcare technology startup, announced raising $6 million in a Series A funding round led by Qatar's Rasmal Ventures and Saudi-based Joa Capital. The round also involved follow-on investment from existing backers, the venture said. The healthtech venture, which expanded to Saudi Arabia in 2023, said the fresh capital will be used to fuel its further expansion in the region. The venture plans expansion to Qatar and neighbouring GCC countries. Founded by physician-turned-health economist and entrepreneur Dr. Saira Siddique, MedIQ said it aims to become the 'operating system' for healthcare in the MENA region, delivering greater cost efficiency, accountability, and convenience through technology. 'People don't just suffer from illnesses — they suffer from the system,' said Dr. Siddique. 'MedIQ isn't just another health app. We're building the backbone of digital healthcare – a scalable infrastructure that improves outcomes and reduces costs,' she said. MedIQ's growth plans include broadening its technological reach and the expansion of a unique, proprietary B2B and B2B2C digitally integrated hybrid healthcare ecosystem, which will support the rapid modernisation of the sector. This includes AI-driven digitisation of healthcare facilities and back-office operations of insurance companies to provide a digitally supported, seamless, patient-centred experience for improved patient satisfaction. MedIQ was born out of the personal health crisis experienced by Dr. Saira Siddique, who was left paralysed and hospitalised for over a year. During this time, she experienced firsthand the fragmented and inaccessible nature of Pakistan's healthcare system.
