Euphrates Ventures
Euphrates Ventures is a venture capital firm founded in 2010 and based in Washington, D.C. The firm focuses on investing in a concentrated portfolio of high-growth early-stage private companies, particularly in the technology sector, within Iraq and the Kurdistan Region. Euphrates Ventures targets seed-stage and later-stage investments, aiming to support innovative businesses in these developing markets. As a Registered Investment Adviser, the firm is committed to fostering economic growth in the region through strategic investments.
Past deals in Arabian Gulf
iQ Cars
Seed Round in 2025
iQ Cars is a leading digital platform in Iraq, specializing in car listings and sales. It operates a user-friendly mobile app that connects car buyers and sellers, offering a wide network of verified dealers and comprehensive vehicle listings. The company aims to improve the automotive buying experience in Iraq by streamlining the transaction process.
Alsaree3
Series A in 2024
Alsaree3 Group Ltd. is a Baghdad-based company founded in 2018 that specializes in on-demand food delivery services. It provides a comprehensive point of sale (POS) system and hardware solutions to assist restaurants in managing their orders efficiently. The technology offered by Alsaree3 enables restaurants to accept, print, and review order histories, enhancing operational efficiency. Additionally, the company facilitates exclusive offline ordering for select restaurants. By prioritizing the user experience for both customers and restaurant partners, Alsaree3 effectively caters to the specific needs of the Iraqi market, offering a diverse range of dining options to its users.
Alsaree3
Convertible Note in 2023
Alsaree3 Group Ltd. is a Baghdad-based company founded in 2018 that specializes in on-demand food delivery services. It provides a comprehensive point of sale (POS) system and hardware solutions to assist restaurants in managing their orders efficiently. The technology offered by Alsaree3 enables restaurants to accept, print, and review order histories, enhancing operational efficiency. Additionally, the company facilitates exclusive offline ordering for select restaurants. By prioritizing the user experience for both customers and restaurant partners, Alsaree3 effectively caters to the specific needs of the Iraqi market, offering a diverse range of dining options to its users.
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