Iraq-based autotech iQ Cars raises a 7-figure seed round led by Euphrates Ventures to scale its online car marketplace across Iraq.
Round Type
Seed
ErbilE CommerceMarketplaceAutomotiveInternetInvestors
Description
iQ Cars, the largest online car marketplace platform in Iraq, has successfully closed a 7-figure Seed funding round led by Euphrates Ventures. The investment will accelerate growth and enhance offerings, supporting the launch of new tools and business lines. iQ Cars features over 34,000 listings and has achieved significant revenue growth in 2024. This milestone also marks the company's registration as Iraq’s first Private Joint Stock Company (PSJC).
Quick answer
iQ Cars raised an undisclosed amount in a Seed round, dated April 30, 2025. Investors: Euphrates Ventures. iQ Cars is based in Erbil, Erbil Governorate, Iraq.
- How much did iQ Cars raise?
- iQ Cars raised an undisclosed amount in a Seed round on April 30, 2025.
- Who invested in iQ Cars?
- Euphrates Ventures is named as investors in this round.
- What does iQ Cars do?
- iQ Cars is an online car marketplace platform based in Iraq, hosting over 34,000 listings and over 1,000 car dealers.
- Where is iQ Cars based and how big is it?
- iQ Cars is based in Erbil, Erbil Governorate, Iraq. Fundz records about 22 employees.
- Who are the decision-makers at iQ Cars?
- Fundz holds 1 contact at iQ Cars. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Marketplace around the same time
Companies in the same sectors as iQ Cars that raised within 45 days of this round, from Fundz verified event records.
- SpectrAxe raised an undisclosed amount (Series A) on April 10, 2025.
- Kyberlife raised $3M (Seed) on March 19, 2025.
- Leta raised $5M (Seed) on March 18, 2025.
- Brandback raised $7.4M (Seed) on June 12, 2025.
- Kisah raised $1.5M (Pre-Series A) on June 12, 2025.
- MesoMat raised an undisclosed amount (Seed) on June 11, 2025.
Who to call at iQ Cars, and when
A new round usually means iQ Cars is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day iQ Cars raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at iQ Cars, from your own LinkedIn network
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Related People
iQ Cars raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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