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
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
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
Rabee Securities is hosting a three day event at the Iraq Pavilion at Dubai EXPO 2020 to showcase Iraq’s top technology startups. From 7th till 9th March 2022, presentations will be given by Iraq’s most promising entrepreneurs and interested parties will have the opportunity to meet them one-on-one. The lineup of startups scheduled to attend include […]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