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Iraq

Startups

+3

EQIQ backs Iraq’s first AI‐powered logistics aggregator Boxy with $1.5M pre‐seed

Aug 8, 2025

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2 min read

EQIQ backs Iraq’s first AI‐powered logistics aggregator Boxy with $1.5M pre‐seed

Co‐founded in 2024 by Ahmed Baqer (ex‐Careem Iraq, Northladder) and Mehrshad Pezeshk (15+ years in tech‐driven logistics), Boxy aims to unify Iraq’s 1,500+ last‐mile couriers into a single intelligent shipping platform.

Jamie Lane
Jamie Lane

Fintech

+5

EQIQ anchors $15 million seed for InstaBank, Iraq’s next-gen digital bank

Jul 2, 2025

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3 min read

EQIQ anchors $15 million seed for InstaBank, Iraq’s next-gen digital bank

Launched in 2025 by Iraqi-American banker Hussain Qaragholi, InstaBank aims to deliver scalable, AI-powered financial services to Iraq’s underserved population.

Jamie Lane
Jamie Lane

Iraq

+1

Netaj launches Nawat, a new venture studio for Iraqi startups

Jun 24, 2025

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2 min read

Netaj launches Nawat, a new venture studio for Iraqi startups

The Baghdad-based firm will support up to 40 startups annually through a hands-on model combining mentorship, product development, and investment.

Jamie Lane
Jamie Lane

Interview

+2

Why Iraq is MENA's sleeping giant

Jun 18, 2025

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13 min read

Why Iraq is MENA's sleeping giant

What it takes to build a startup in Iraq, lessons from launching Careem, and why fragmentation, not TAM, is the real signal for venture-scale opportunity in frontier markets.

Jamie Lane
Jamie Lane

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