4 days ago
Iraqi Start-Up secures Funding to Expand Across ME
By John Lee.
ToolMart, an Iraqi-based e-commerce platform that sells tools and hardware products, has successfully closed its seed funding round led by Plus VC and Oasis500, along with prominent angel investors from across the region.
The newly-secured capital will be used to accelerate the company's growth, expand its workforce, and scale operations into new markets in the Middle East.
Since its launch, Toolmart has aimed to simplify industrial procurement and boost efficiency for purchasing teams. The platform has fulfilled over 10,000 orders, added more than 35,000 products, and currently serves over 100 companies across the region.
This funding milestone marks a new chapter focused on platform development, enhanced customer experience, and supplier network expansion.
The company expressed its appreciation to all partners and clients for their trust and support, reaffirming its commitment to reliable service delivery.
(Source: ToolMart)
