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 Yet these individuals struggle against the challenges imposed by outdated or broken infrastructure and fragmented supply chains.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
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
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
Plans for Iraq Venture Partners (IVP), a new Iraq venture fund have been announced by Omar Al-Handal (The Station), Bassam Falah (Innovest ME, Ruwwad Al Iraq), and Mohammed Khudairi (Iraq Tech Ventures), who will serve as the fund’s General Partners. The fund will invest in early-stage startups, from seed stage to series A, with a […]Read More اقرأ المزيد
E-commerce platform, Orisdi, has signed a six-figure deal with Al Sharqiya TV Group, facilitated through the Iraqi Angel Investors Network including a matching grant from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH via its project “ICT for Youth in Iraq”. Sharqiya is one of the largest media groups in Iraq, having launched the country’s […]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
Fundraising is far from enjoyable for most founders; but in the words of Thanos (well, kind of) fundraising is inevitable. You wish you could be using your time working on your startup without worrying about those overhead costs. To make it more complex, funding in Iraq is difficult to find. We’ve looked at how to […]Read More اقرأ المزيد
Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a seven-figure bridge round in late March 2021. Coordinated by Iraq Tech Ventures and Innovest ME, the round included prominent Iraqi investors such as Euphrates Advisors, Shwan Ibrahim Taha, Chairman of Rabee Securities, Rawaz Rauf of Hiwa Rauf Group, Bassam Falah, […]Read More اقرأ المزيد