Tags : investment

IoT Kids Secures Equity Investment From Earthlink Telecommunications

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

Iraqi App Baly Raises $10.5 Million Seed Funding

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 Super App, Accelerates Its Expansion In Iraq

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

Orisdi Signs Six-Figure Deal With Al Sharqiya TV

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 Closes $1.6 Million Pre Series A Round

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

Alsaree3, Iraq’s Popular Food Delivery App, Closes Second Investment Round

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

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