EQIQ Doubles Fund to $30 Million to Support Iraq’s Digital Economy

Abu Dhabi-based venture capital fund and venture builder EQIQ has announced doubling its fund size from $15 million to $30 million to deepen investments in Iraq’s rapidly growing digital economy. The fund targets startups in e-commerce, logistics, and fintech, aiming to build an integrated ecosystem of tech-enabled businesses delivering local digital solutions to millions of Iraqis.

To date, EQIQ has invested $8.5 million in five startups, three developed in partnership with local founding teams. The company plans to deploy additional capital to accelerate the growth of Iraq’s digital economy, leveraging the vast potential of the country’s young and tech-savvy population.

This move clearly demonstrates the confidence of Emirati and regional investors in Iraq’s fast-expanding technology market and their commitment to supporting local entrepreneurs in shaping a promising digital future for Iraq.