Jozo has announced the closing of its seed funding round at SAR 8.3 million, led by Sheikh Hamad bin Saidan, who joins the company as a strategic partner, a move that reflects the growing confidence in the company's business model and its role in developing the real estate tokenization and digital asset management sector in the Kingdom.
Jozo confirmed that this investment will help accelerate growth, expand operations, and develop advanced technology solutions, strengthening the future of digital real estate investment and opening wider opportunities for fractional real estate ownership among individual investors.
Jozo had previously issued the first tokenized real estate deed through private-sector platforms in the history of the Kingdom of Saudi Arabia, within the regulatory sandbox of the General Real Estate Authority (REGA), reflecting its ability to turn innovation into real-world execution within a clear regulatory framework.
Jozo's model is built on enabling fractional real estate ownership through documented digital deeds, whereby a real estate asset is divided into shares that investors can own at lower amounts than traditional ownership, while each share remains tied to an existing real estate asset.
The strategic partner's participation strengthens the integration of real estate expertise with technological and financial innovation and supports the accelerated development of the PropTech and FinTech ecosystem in the Kingdom, contributing to improved market efficiency, greater transparency, and a broader investor base.
