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Iraq-based autotech iQ Cars raises a 7-figure seed round led by Euphrates Ventures to scale its online car marketplace across Iraq.

PRIVATEApr 30, 2025

Round Type

Seed

ErbilE CommerceMarketplaceAutomotiveInternet

Investors

Euphrates Ventures

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).

Company Information

Company

iQ Cars

Location

Erbil, Erbil Governorate, Iraq

About

iQ Cars is an online car marketplace platform based in Iraq, hosting over 34,000 listings and over 1,000 car dealers. Founded in 2020, it focuses on providing a user-friendly experience and smart technology solutions for buying and selling cars. The platform has achieved significant revenue growth and aims to revolutionize the Iraqi automotive market. iQ Cars is notable as Iraq’s first startup registered as a Private Joint Stock Company.

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iQ Cars raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.