How many companies are there in Iraq?

As of Nov 2026, there are 2,012 companies in Iraq.

How many companies in Iraq have received funding?

As of Nov 2026, a total of 119 companies in Iraq have secured funding.

How many acquisitions have taken place in Iraq?

As of Nov 2026, Iraq has seen a total of 9 acquisitions.

Startups in Iraq - 2026 Latest Funding Rounds, Trends and News

Most viewed in 2019

Iraq has over 2,012 startups across the country. Of these, 119 are funded companies that have collectively raised $109M in venture capital and private equity. A total of 52 investors have participated in 102 funding rounds, with 3 raising late-stage funding. In the last five years, 340 new companies have been founded, raising over $1.78M in funding. Startups in Iraq have witnessed 7 acquisitions and 34 IPOs, while 220 startups wrapped up operations. Additionally, 18 companies have been founded by women.

Key Metrics

Total Companies

2.01K

Top Companies

Korek Telecom, Asiacell & 3 more

Total Funding

$109M

Funded Companies

119

Series A+ Companies

IPOs

Acquisitions

View complete details of startups in Iraq

Korek Telecom is the top company in Iraq, ranked using Tracxn Score (what's this?).

Here are 5 of the top companies in Iraq:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Korek Telecom	Provider of mobile network telecommunication services	Erbil (Iraq)	2000	Late Stage	-
Asiacell	Integrated telecom services provider in Iraq	Sulaymaniyah (Iraq)	1999	Public	-
Baly	App-based platform offering ride-hailing and on-demand delivery services	Baghdad (Iraq)	2021	Seed	$10.5M
Trade Bank of Iraq	Commercial Bank	Baghdad (Iraq)	2003	Unfunded	-
Lezzoo	App-based food delivery platform	Iraq	2017	Seed	$1.25M

Get a longer list of companies

In the year 2026, till August 2026, $150K has been raised in 1 equity funding round across Iraq. In the same period last year (i.e. till August 2025), $1.5M had been raised across 3 rounds in Iraq. So, 2026 has seen a 90% drop in funding in companies of Iraq as compared to 2025.

Here are some recent, important funding rounds in Iraq:

Company	Round Raised	Amount Raised	Funding Date	Investors
Rozenama	Seed	1381	Aug 17, 2026	-
Boxy	Seed	7748	Aug 11, 2025	EQIQ
Toolmart	Seed	5800	May 26, 2025	Plus VC and 1 more
IQ Cars	Seed	2988	May 05, 2025	Euphrates Advisors
Padash	Seed	8339	Sep 26, 2024	-

See a more detailed list of funding rounds

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2K+ Total Companies
$109M+ Total Funding
115+ Funded Companies
30+ IPOs
5+ Acquisitions

Europa is the top investor in companies of Iraq based on number of companies invested.

Here are some top investors in Iraq:

Investor	Location	Top Portfolio Companies
Europa	Belgium	ISIC, Kurdistan Regional Government and University of Wasit
Takween Accelerator	Sulaymaniyah (Iraq)	Orisdi, Black Ace and IoT KIDS
Five One Labs	Erbil (Iraq)	Akoo, Fix It and KESK
U.S. Department of State	Washington (United States)	Five One Labs, Space Inquiry and The Station
Euphrates Advisors	Washington, DC (United States)	Alsaree3, IQ Cars and KESK

See a more detailed list of investors

In the year 2026, till February 2026, 1 acquisition happened in Iraq. Last year, in 2025, a total of 1 acquisition happened in Iraq.

Here are some recent, important acquisitions in Iraq:

Company	Acquisition Type	Acquisition Date	Acquirers
Med Masters	Business Acquisition	Feb 17, 2026	Baims
NRT	Business Acquisition	2025	Bulk Handling Systems
Eduba	Business Acquisition	Nov 26, 2024	Tajarib
Bank of Baghdad	Business Acquisition	Jan 11, 2023	JKB
Saydo	Acqui-Hired	Dec 07, 2022	Lezzoo