Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in December 2022, bringing its total amount of funding raised to over $6.5 million USD. This funding will enable us to increase our market share and grow our presence in Baghdad and Basra. We are on track […]Read More اقرأ المزيد
It has been an exciting few years for startups in Iraq. Despite the challenges of Covid and now, a gloomy outlook on the worldwide economy, Iraq’s economy is set to grow over 5% over the next few years. For startups, investors have been paying more attention recently. An estimated $26 million+ has been invested into […]Read More اقرأ المزيد
Orderii, a cross-border e-commerce platform closed a six figure pre-seed round in October 2022. The platform provides logistics services for sought-after goods only available on foreign sites. We have been serving the Iraqi customer for several years now, enabling them to purchase products from brands that they cannot find in Iraq. We are eager to […]Read More اقرأ المزيد
KAPITA has announced that its Iraqi Angel Investor Network (IAIN), has successfully helped raise more than $1 million dollars worth of investments for six startups. Funding through the network was raised for a variety of sectors including health care, last-mile delivery, e-commerce, and agritech. This milestone demonstrates the growing appetite for angel investors to support […]Read More اقرأ المزيد
Iraq boasts a young, technology-savvy, well-educated consumer base with relatively high purchasing power. Yet these individuals struggle against the challenges imposed by outdated or broken infrastructure and fragmented supply chains. Into this void steps Iraq Islamic Bank (IIB) and MSA Novo (MSA), with YAG Capital (YAG) as senior advisor for this partnership, to launch a fund […]Read More اقرأ المزيد
The Iraq-based e-commerce business, Orisdi has raised a six figure investment round that included existing and new investors. The round was facilitated by the Iraqi Angel Investors Network and served to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round saw the return of existing investors, including […]Read More اقرأ المزيد
Nakhla, an Iraqi agritech social enterprise has received a six-figure investment from Euphrates Ventures. The investment was facilitated by the Iraqi Angel Investors Network and marks the first investment round completed by an agritech startup. Nakhla is the Arabic name for date palm tree and has long been associated with Iraq’s history and culture. Nakhla […]Read More اقرأ المزيد
IoT Kids, an Iraqi-based online programming learning platform for children, has successfully secured a five-figure investment from leading ISP provider in Iraq; Earthlink Telecommunications. The investment was facilitated through Iraqi Angel Investors Network member Dr Alaa Jasim. This investment included a matching grant of $20,000 from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH via its […]Read More اقرأ المزيد
Baly, Iraq’s first superapp, announced today the closing of the largest seed round in Iraq’s tech history. The company, backed by Germany’s Rocket internet, raised $10.5 million from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March Holding. The amount and the class of participating investors signals strong confidence in […]Read More اقرأ المزيد
Baghdad-based Alsaree3 Group, consisting of Alsaree3 (food-delivery) and AlZajel Express (last-mile delivery services), closed an additional 7-figure bridge round, bringing its total amount of funding raised in 2021 to over $4 million. The two bridge rounds closed in 2021 were led by Euphrates Ventures while Bassam Falah, CEO of Innovest ME, Mohammed Khudairi, founder of Iraq Tech Ventures, and Subhi Khudairi, President […]Read More اقرأ المزيد
