Alsaree3, a leading food delivery app based in Iraq, has successfully completed a seven-figure Series A funding round. The investment was led by Euphrates Ventures, with significant contributions from Iraq Venture Partners (IVP), Euphrates Ventures, and Snoonu, Qatar’s top food delivery and e-commerce platform.
Founded in 2018 by Bassam Al-Ateia, Alsaree3 has quickly become a key player in Iraq’s food delivery and last-mile service sector.
The platform offers a simple and efficient solution for restaurants and customers, making food ordering and delivery hassle-free.
The new funds will accelerate Alsaree3’s growth plans across Iraq and have a positive impact on the Iraqi startup ecosystem. This investment highlights the significant progress of the Iraqi market and its growing appeal compared to other Gulf countries. The involvement of Snoonu, a prominent regional player, marks a significant milestone for the Iraqi startup scene.
Bassam Al-Ateia, Founder of Alsaree3, expressed his excitement about the partnership, saying, “It’s fantastic to work with a partner like Snoonu, which has built an impressive app and high-quality services. This investment is a major boost for our employees, partners, and the entire Iraqi ecosystem.”
Hamad Mubarak Al-Hajri, Founder & CEO of Snoonu, shared his enthusiasm, stating, “We’re excited to support Alsaree3 and the Iraqi startup ecosystem, which shows great potential to become a leading market in the region. Combining Snoonu’s advanced logistics technologies with Alsaree3’s local expertise, we see significant growth opportunities for this Iraqi startup, which will contribute to the country’s social and economic development.”
Geoffrey Batt of Euphrates Ventures, which led the funding round, praised Alsaree3’s achievements, saying, “Alsaree3 is a remarkable success story in Iraq. Bassam’s dedication to efficient growth in a challenging industry is commendable. We’re thrilled to be a part of this journey, which not only involves investment but also technology sharing between Snoonu and Alsaree3. We’re excited to see Alsaree3 enter this new phase of development.”
Mohammed Khudairi, General Partner at IVP, added, “We see Alsaree3 as one of the most promising home-grown startups in Iraq. Its success will have a positive impact on the entire Iraqi ecosystem. We’re eager to support its journey through our investment and readiness programs.”
Alsaree3 has swiftly gained popularity in Iraq for its user-friendly platform, which makes food ordering and delivery both easy and efficient.
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