Toolmart secures seed funding to accelerate expansion plans
Summary
"Using an inventory-light, capital-efficient model, Toolmart leverages a vast vendor network and algorithmic analysis to provide clients with the most suitable options based on price, delivery, and product fit. The system continuously improves through machine learning by analysing purchasing behaviour and historical data.Toolmart was born from firsthand experience with the persistent inefficiencies that have long plagued the industrial supply chain, said Ahmed Al Hinti, Co-Founder and COO of Toolmart. By building a tech-first, data-driven platform, were enabling smarter, faster, and more cost-effective procurement, empowering businesses to operate more efficiently and focus on their core strengths.In just over two years, weve fulfilled more than 10,000 orders, listed over 35,000 SKUs, and built a growing customer base of more than 100 enterprise clients. We are excited to build on this momentum as we set new milestones and cement our position as pioneers in industrial procurement across the region.Toolmarts successful launch in Iraq has validated its business model in complex, high-demand markets. With strong traction among oil & gas operators, construction firms, NGOs, and institutional buyers, the company is now preparing to scale across the wider Middle East region.Commenting on the fundraising announcement, Hasan Haider, Founder and Managing Partner at Plus VC, said, Toolmart is addressing a significant opportunity in a sector that has long been underserved by digital innovation.