Wayl, the payments platform for online sellers in Iraq, has successfully secured $150,000 in pre-seed funding from EQIQ Ventures, a VC fund led by Mohamed Al-Hakim. This investment is a significant milestone for Wayl as it aims to empower social media merchants and freelance workers across the region. It is also the first investment in […]Read More اقرأ المزيد
Leveraging over 17 years of telecom industry experience, Karrar Al-Taie utilised his corporate background to design an imaginative new enterprise – founding Lemune, an innovative grocery delivery service aiming to reinvigorate grocery shopping in Iraq. After recognising the public sector’s bureaucratic limitations during a brief government stint post-university, Karrar pivoted to the private sphere, climbing […]Read More اقرأ المزيد
Orisdi, the leading vertically integrated e-commerce store in Iraq, successfully concluded a six-figure bridge round of investment in August 2023, fortifying its ongoing business development efforts and recognising the burgeoning potential of the e-commerce sector in Iraq. The latest investment round witnessed the participation of both new investors and existing shareholders, such as Al Sharqiya […]Read More اقرأ المزيد
Midient, an Iraqi startup co-founded by Ahmed Jamal, Mohammed Shahoyi, and Omer Sabah, has received a pre-seed round investment from regional accelerator Flat6Labs in the amount of $115,000 for its product Kurdivia. Kurdivia is a loyalty program that offers a creative approach to digital loyalty solutions which has been gaining traction with investors. Kurdivia has […]Read More اقرأ المزيد
Investing in startups can be a risky but potentially rewarding endeavour, and this is especially true in emerging markets such as Iraq. Despite the challenges and uncertainties that come with investing in a volatile region, there are also many opportunities for those willing to take on the risk. Here are some key considerations for those […]Read More اقرأ المزيد
Iraq-based e-commerce startup, Orisdi, raised a $220,000 bridge round in January 2023 to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round included the participation of new investors like 3B Starlight Investment, Ahmed Gorani, Naveed Pasha, Hassan Al Shawaf, Ali Jawad, Zaid Al Khatib, and more, alongside […]Read More اقرأ المزيد
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