Startups create jobs, new products and disruption. Agreed. We all love startups and we know that many in Iraq work hard to make ideas ‘happen’, with stories of Iraqi entrepreneurs inspiring us everyday. At the same time, around the world and particularly in Iraq, the process is far from easy. Our Startup from Scratch articles […]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
Startups create jobs, new products and disruption. Agreed. We all love startups and we know that many in Iraq work hard to make ideas ‘happen’, with stories of Iraqi entrepreneurs inspiring us everyday. At the same time, around the world and particularly in Iraq, the process is far from easy. Our Startup from Scratch articles […]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 assumption is that startups in Iraq fail because of unviable business models, or ideas which do not address the right problem. In many cases, these are true. However, many Iraqi founders have ideas in the right industry and are addressing the right market, but still do not prevail. The way we see it, many […]Read More اقرأ المزيد
Recent years have seen an explosion in the e-commerce sector in Iraq. The industry has transformed from a niche, dominated by tech-savvy individuals, to becoming a mainstream service for the average Iraqi consumer. According to a survey done by Think Bank Iraq, 57% of Iraqi internet users have shopped at least once online. This has […]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