Stay updated with breaking news from 51labs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By John Lee. Iraq-focussed startup incubator Five One Labs has issued its annual report for 2023. The report includes a look back over the past six years from the perspectives of founders Alice Bosley and Patricia Letayf, along with an overview of the organisation's new initiatives in Iraq. Click here to download the report. (Source:
From Five One Invest. Re-published with permission by Iraq Business News. Over the past few years, Five One Invest has worked closely with Iraqi founders and investors. The major complaint from growth-stage startups is that investors in Iraq are risk-averse and do not know "venture investing." On the other hand, investors emphasize that there is
By John Lee. Another prominent Iraqi entrepreneur and investor is reported to have been killed in the recent attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. Syriac Press, which covers, "events related to the Syriac-Aramean-Assyrian-Chaldean people [in the region]", said: "Among those killed was Chaldean-Syriac-Assyrian businessman Karam Mikhail. Mikhail was visiting
New Leadership at Five One Labs Charts Exciting Path Forward in Iraq Five One Labs, a global startup incubator supporting frontier-market entrepreneurs, has recently announced the appointment of new Managing Directors for Iraq and the Kurdistan Region of Iraq. Savo Bakhtiar Rasoul, the new Managing Director for Ecosystem, and Shwan Ali Qaradaghi, the new Managing
From Five One Invest. Re-published with permission by Iraq Business News. ECOSYSTEM OVERVIEW The Iraqi startup ecosystem started with a bang this year. In Q1 of 2022, we witnessed an unprecedented $10.5M investment round (Baly) and $5M (TipTop). The excitement revolved not only around investment value but also around the investor profile. Specifically, Baly's round