iQ Cars, the largest online car marketplace platform in Iraq, announced the successful closure of a 7-figure Seed funding round led by Euphrates Ventures. iQ Cars is where buyers and sellers of cars meet in Iraq. The site hosts more than 34,000 listings, from both private parties and over 1,000 car dealerships nationwide, backed by […]Read More اقرأ المزيد
Padash, an Iraq-based instant food and grocery delivery startup, has raised $125,000 in pre-seed funding from an undisclosed angel investor. The investment will be used to help Padash expand its operations within Erbil city in the Kurdistan Region of Iraq, and further develop its mobile application to provide instant delivery services to the majority of […]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
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
ZoodPay, the “Buy Now Pay Later” (BNPL) super app has successfully completed a $38 million Series B fundraising round, attracting significant attention from leading global investors. London-based VC, Sturgeon Capital, Zain Group’s venture capital arm ‘Zain Ventures’, and other existing investors joined the funding round. Headquartered in Switzerland, the ZoodPay and ZoodMall app has more than […]Read More اقرأ المزيد
Miswag, Iraq’s largest e-commerce marketplace, has raised over $1.6 million in the country’s first Pre-Series A round, on an undisclosed 8-digit valuation. The funding from this round will be deployed to expand the company’s commercial and technological arms to accelerate the company’s revenue growth fivefold by mid-2022. The funding closely follows its six-figure bridge round […]Read More اقرأ المزيد
The Iraqi Angel Investors Network (IAIN) announced its third facilitated investment into startups in Iraq. The members of the network; Amar Shubar and Jaafar Al Musawi, along with other co-investors, have made a six figure investment into Hi-Express. In addition, the investment was partially matched by $20,000 in grants from the Deutsche Gesellschaft für Internationale […]Read More اقرأ المزيد
Tabib Baghdad, an online platform that connects Iraqi Patients to Doctors has raised its seed funding round of six figures through the recently launched Iraqi Angel Investors Network, led by KAPITA and Nass Al Iraq. In addition, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH with its project “ICT for youth”, matched a grant of […]Read More اقرأ المزيد
Baghdad-based food delivery app Alsaree3, and it’s sister company Al Zajel which provides last-mile deliveries and e-logistics services in Baghdad, recently closed its six figure seed round. The seed round was led by Iraq Tech Ventures and Mr. Shwan Ibrahim Taha, Chairman of Rabee Securities. Other investors in this round included Rawaz Rauf, New Venture […]Read More اقرأ المزيد
Access to appropriate financing is key to enabling small businesses to grow and expand. A lack of access to financing is often one of the biggest factors holding businesses back. In Iraq, funding options are limited and can sometimes seem unattainable. However, there is a way to increase the chances of obtaining funding for Iraqi […]Read More اقرأ المزيد