Northern Gulf Partners

Northern Gulf Partners is a private equity firm and corporate finance advisor based in Baghdad, Iraq, with additional offices in New York and London. Established in 2007, the firm specializes in direct investments across various sectors, including financial services, technology, infrastructure, health care, food and beverage, agriculture, housing, energy, and media and telecommunications. Northern Gulf Partners typically engages in investments starting from $10 million and offers advisory services for transactions valued at $40 million and above. The firm aims to connect Iraq's premier businesses with global investors, facilitating growth and development in key industries.

Bartle Bull

Partner and Head of Public Securities

Zaab Sethna

Partner and Head of Baghdad Office

Past deals in Iraq

Lezzoo

Seed Round in 2020
Lezzoo is an on-demand delivery service operating in Iraq, aiming to establish itself as a comprehensive mobile application for the region. The company provides a range of services, including food, grocery, and pharmaceutical deliveries, as well as home services and express courier options. With a population of 40 million and a growing demand for mobile services, Lezzoo is addressing the challenges posed by the lack of digital infrastructure in the country. Users currently place an average of two orders per month, indicating strong engagement. Lezzoo is also focused on enhancing its delivery network while tackling issues related to payment systems and mapping, which are crucial for scaling its operations effectively. The company has reported positive unit economics, achieving a net profit per delivery, reflecting its potential for growth in an underserved market.