By John Lee. Food and last-mile delivery service Alsaree3 has announced that it has successfully closed its 'Series A' capital raising round, securing an undisclosed seven-figure investment. A press release describes this funding round as particularly noteworthy due to the participation of Snoonu, which it says is Qatar's leading food delivery and e-commerce platform. It […]
Tag Archives | Iraq Venture Partners (IVP)
New Initiative to Help Iraqi Entrepreneurs
By John Lee. The International Finance Corporation (IFC), Iraq Venture Partners (IVP), and Innovest Middle East have created a new initiative that aims to address the challenges faced by entrepreneurs in Iraq. A statement from IFC said the new program, "Scale Iraq (#ScaleIraq)", will support 20 startups, addressing their specific needs and gaps, esigning and […]
Is Iraq's Ecosystem Investment-Ready?
From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round […]
Alsaree3 Group in Iraq Receives Additional Funding
Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in December 2022, bringing its total amount of funding raised to over $6.5 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "This funding will enable us to increase our market share and grow our […]
Iraq's Tech Ecosystem "offers Bright Spot"
By Hassan Jivraj for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's tech ecosystem offers bright spot for private sector Despite numerous regional and country-specific challenges, Iraqi start-ups had a good year. Click here to read the full article.
Four Ideas to Improve the Business Climate in Iraq
Two business people with considerable experience in Iraq have shared their thoughts on how the Iraqi government could help to improve the climate for business in the country. Responding to a question from Iraq Business News (IBN) at the Iraq Britain Business Council (IBBC)'s Tech Forum in Dubai earlier today, Laura Khudairi, of Iraq Venture […]
Video: IBBC hosts Successful Tech Forum in Dubai
The Iraq Britain Business Council (IBBC) has hosted a very successful Tech Forum as part of its Autumn Conference in Dubai. The session was chaired by Ashley Goodall, and speakers included: Padraig O'Hannelly, Iraq Business News (IBN); Laura Khudairi, Iraq Venture Partners (IVP); Hossam Darra, SAP; Shamal Mohammed, Silal; Muhammed Canbaloglu, Stirling Education; Ben Muziek, […]
Baghdad-based Orderii Receives Pre-Seed Funding
Orderii, a cross-border e-commerce platform closed a 6-figure pre-seed round in October 2022. The platform provides logistics services for sought-after goods only available on foreign sites. Founder and CEO of Orderii, Shakir Ayad Al Jammas (pictured below), commented: "We have been serving the Iraqi customer for several years now, enabling them to purchase products from […]
IBBC's Tech Forum at the IBBC Dubai Conference
From the Iraq Britain Business Council (IBBC): This year's Tech forum is a forward looking and inspirational session, covering new initiatives in Education skills including AI/Cyber/Big data and online teaching courses, as well as an overview on how Iraq's start up economy is evolving and the challenges it faces. Laura Oliver of Iraq venture partners will take us through […]
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 […]