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
Edtech platform Eduba has launched its ‘’Super App’’ – the first EdTech super app in Iraq and SWANA that offers multiple services. Unlike other educational apps, the Eduba super app has four essential components in their all-in-one learning management system, which includes interactive learning content, ride hailing, and payments. “Our eyes are on the Iraqi […]Read More اقرأ المزيد
Mohammed Al-Samarrai and Mohammed Al-Hashimie are two Iraqi entrepreneurs and business visionaries from Baghdad and Mosul respectively, with experience in the entrepreneurship scene. In 2019, they established Qaf Lab, a private sector development innovation hub with the goal of bringing a non-conventional investment and incubation model to the Iraqi ecosystem. After ISIS invaded Mosul in […]Read More اقرأ المزيد
Iraqi businesses are still recovering from the impact of the Covid-19 pandemic. According to a Panel Study conducted by The United Nations’ International Organization for Migration (IOM) in Iraq, Food and Agriculture Organization (FAO), and the International Trade Center (ITC), ‘Firms suffered large losses in revenue early on (an average decline of 67% by June […]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
In December 2021, we talked about the reasons why some startups in Iraq fail. It’s difficult to provide accurate explanations of course – data and numbers on the startup scene in Iraq isn’t available, and with a nascent and small ecosystem, we don’t always have enough stories to learn from. But this is exactly why […]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
The continued pandemic-driven disruptions impacting the e-grocery segment have led to the emergence of q-commerce, a new vertical which has recently gained substantial traction across the Middle East. With the ongoing surge in digital ordering and drastically evolving customer expectations, food and grocery delivery businesses are racing to ride the q-commerce boom utilising hyper-local micro […]Read More اقرأ المزيد