Tag Archives | Innovest

Iraqi e-Commerce Venture raises New Investment

The Iraq-based e-commerce business Orisdi has raised a new six figure investment round that included the participation of existing and new investors. The round was facilitated by the Iraqi Angel Investors Network (IAIN) and served to reinforce the continuous growth of the business and the growing potential of e-commerce in Iraq. The round saw the […]

Alsaree3 receives Additional Investment

Alsaree3 Group Receives Additional Bridge Round Funding Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late December 2021, bringing its total amount of funding raised in 2021 to over $4 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "Despite the entrance […]

New Venture Fund focused on Iraqi Startups announced

Plans for a new Iraq venture fund have been announced by some of the Iraq ecosystem's pioneers, 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 partnership is called Iraq Venture Partners (IVP), and it plans to invest […]

Orisdi signs 6-figure Deal with Al Sharqiya TV

By John Lee. Iraqi e-commerce company Orisdi has signed a six-figure deal with Al Sharqiya TV. Sharqiya is one of the largest media groups operating in Iraq, having launched the country's first fully independent privately-owned satellite TV channel in 2004, complemented by the addition of the Sharqiya News channel in 2008. The investment round was facilitated […]

Alsaree3 Closes Second Round of Investment

Alsaree3, Iraq's Popular Food Delivery App, and Al Zajel, E-logistics Company, Close Second Round of Investment Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late March 2021. Coordinated by Iraq Tech Ventures and Innovest ME, the round included prominent Iraqi investors such as Euphrates […]

Iraqi e-Commerce Store gets New Funding

Orisdi, a leading e-commerce store in Iraq, has successfully raised a six-figure bridge round. Iraqi Innovators reports that the round was led by Innovest Middle East VC and a group of angel investors including Amar Shubar, Partner at Management Partners Consulting, and Omar Al-Handal, Managing director of Al Handal International Group. Orsidi was founded in […]

Alsaree3 and Al Zajel Close Seed Round

Alsaree3, Baghdad's most popular food delivery app, recently closed its 6-figure seed round. This round also included investment in its sister company, Al Zajel, which provides last-mile deliveries and e-logistics services in Baghdad. Alsaree3 has been operational since 2018 and quickly became the market leader due to its high-quality customer service, fast deliveries, and extensive […]

Boosting Iraq's Tech Start-Ups

IBBC Tech Forum hosts investor panel on ' What Iraq can do to boost its Tech Start up Economy' The Iraq Britain Business Council (IBBC) has held a well-attended panel discussion on Iraq tech start up economy, with leading investors and practitioners, including : Mohammed Khudairi, partner of Khudairi Group and Co-Founder of Iraq tech […]

IBBC Promotes Young Iraqi Entrepreneurs

The Iraq Britain Business Council (IBBC) is partnering with Innovest as a Bronze-level eco-system partner for the Ruwwad Al Iraq Platform for young Iraqi Entrepreneurs in 2020. Ruwwad Al Iraq ["Iraqpreneurs"] is a leading empowerment competition platform by INNOVEST Middle East that embraces young entrepreneurs around Iraq and helps them to start or scale up […]