Five One Invest

We're excited to announce the launch of our inaugural State of Investments in Iraq report! The report is a holistic study of investor and startup perspectives on Iraq’s entrepreneurial ecosystem. It draws on insights gathered from surveys of startup founders and various investor and founder roundtable discussions. The research uncovers widely held perceptions, existing challenges, and potential solutions to strengthen Iraq’s investment ecosystem further. This study intends to provide a snapshot of the current realities and potential opportunities understood by those directly supporting startups in Iraq. The report was only possible with the combined efforts of investors, founders, and ecosystem stakeholders. We want to give a big shoutout to all their support! Make sure to download, read, and share! https://lnkd.in/e3jSfRwV

BREAKING NEWS! In Tajarib's latest podcast interview, Mohamed Al-Hakim, the founding partner of EQIQ Ventures, announced the fund's latest investment in Corrsy! Founded in 2020 by Iraqi-Finnish entrepreneur Mustafa Salam, Corrsy is an edtech platform that delivers high-quality education inspired by the Finnish education system. Corrsy blends micro-learning and gamification, thus increasing engagement and creating educational content at scale. In 2023, Corrsy experienced incredible growth, attracting over 300K users, while premium users spent over 2 million minutes immersed in their content. The startup witnessed an astonishing 1703% increase in premium subscribers and a remarkable 2620% growth in revenue, leading to positive cash flows for the last six months of 2023.

BREAKING NEWS! Orisdi, an e-commerce platform, just announced the closing of its latest six-figure bridge round (value undisclosed) from AL SHARQIYA TV, Iraq Venture Partners, and various angel investors. Ahmed Al Kiremli, the co-founder and CEO of Orisdi اورزدي, stated, “With this new investment, we expect to achieve the highest revenue level in 2024 since our founding. We are very close to the breakeven point and anticipate becoming profitable in 2024, making Orisdi the first major e-commerce store in Iraq to achieve profitability.” In October of last year, Orisdi raised a $220K round, which was used to develop ‘Orisdi Global,’ a service enabling consumers to shop seamlessly from international e-commerce brands. Read more: https://lnkd.in/e4uWC3vQ

BREAKING NEWS! BonLili has raised a six-figure pre-seed investment from an undisclosed angel investor! Born out of a need to break through the cluttered beauty and fashion market, founders Zainab A. Jaff and Laila Majeed established BonLili in 2021. BonLili offers affordable yet trendy products and popular brands through a user-friendly online platform. The platform not only serves as a selling point, but it also shares recommendations and tips from experts, educational videos and blogs, and personalized customer support. BonLili is the second (publicly announced) female-led startup in Iraq to have raised funding other than KESK. Read more: https://lnkd.in/dCHuJHcx Watch here last year's HITEX interview with Laila Majeed: https://lnkd.in/dmhbSKyB

The May issue of Iraq's Investment Insider focuses on fintech, e-commerce, and some news from the Iraqi banking system! Read the 42nd issue of our newsletter: https://lnkd.in/dTcRvpPJ

IN CASE YOU MISSED IT! Our latest Speaker Series, “Navigating The Art & Science of Startup Valuation,” hosted Hisham Kassim, the Managing Partner of Kassim Legal. The webinar looked into startup valuations and the winning combination of qualitative and quantitative measures. Watch it here: https://lnkd.in/dty5KJdC #iraq #valuations #webinars #kurdistan

You still have the chance to register your name in tomorrow's Speaker Series session!

Get to know our guest speaker, Mr. Hisham Kassim, managing partner of Kassim Legal. Kassim will host a session on "Navigating The Art & Science of Startup Valuation" On May 1st, 2024. Learn more and register from the link below: https://lnkd.in/dyj5qPWD

Navigating The Art & Science of Startup Valuation SPEAKER SERIES! Date: May 1, 2024, at 4:00 PM Iraq time.  Register here: https://lnkd.in/dinySY7E Guest speaker, Hisham Kassim (Managing Partner at Kassim Legal), will be taking us through the intricacies of startup valuations. Valuation involves a balance of qualitative and quantitative assessments. Metrics such as revenue projections and customer acquisition costs provide valuable insights. However, the qualitative aspects, like the team’s expertise, product differentiation, and market fit, are equally important. Don’t miss this interactive discussion which will be presented in both English and Arabic!

April's edition of Iraq’s Investment Insider is out! Read the latest edition of Five One Invest’s monthly newsletter now: https://bit.ly/3THobEj You can read the previous editions of Iraq’s Investment Insider from here: https://lnkd.in/dTcRvpPJ