Iraq’s Alsaree3 Closes 7-figure Series A round
Summary
Iraq-based food delivery app Alsaree3 has raised a seven-figure Series A funding round, from investors including Iraq Venture Partners (IVP), Euphrates Ventures, and Snoonu.Founded in 2018 by Bassam Al-Ateia, Alsaree3 offers restaurants a user-friendly platform that makes food ordering and delivery seamless and accessible.This new funding round will enable Alsaree3 to accelerate its growth plans in Iraq.Alsaree3, one of Iraqs fastest-growing food & last mile delivery services, announced today that it has successfully closed its Series A capital raise round, securing an undisclosed seven-figure investment. Working with a partner like Snoonu, which has developed a great app and high-quality services, while maintaining the trust of our existing investors, is great news for our employees, partners, and the entire Iraqi ecosystem," said Bassam Al-Ateia, Founder of Alsaree3.Hamad Mubarak Al-Hajri Founder & CEO of Snoonu added" We are proud to join Alsree3 journey and support the Iraqi startup ecosystem, which has the potential to be one of the leading markets in the region. With Snoonu advanced logistic technologies & Alsaree3 local Iraqi talents and infrastructure, we see great growth potentials for an Iraqi national startup to scale up massively, which will impact back to the social & economic development of Iraq.Alsaree3 is a true Iraqi success story, and Bassam is a leader of great focus who is tireless in his pursuit of efficient growth in an industry not known for discipline, remarked Geoffrey Batt of Euphrates Ventures, which led the round. Alsaree3 is primed to enter a new, exciting stage of development.We see AlSaree3 as one of high potential home-grown startups in Iraq, and its success will have a positive ripple effect across the whole Iraqi ecosystem. We are keen to contribute towards its success journey, through our investment participation, as well as our investment readiness programs added Mohammed Khudairi, IVP General Partner.Alsaree3 has rapidly become a household name in Iraq, known for its efficient and user-friendly platform that makes food ordering and delivery seamless and accessible.