Euphrates Ventures

Founded in 2010, Euphrates Ventures is a venture capital firm based in Washington D.C., focusing on investing in a concentrated portfolio of high-growth early-stage private companies operating primarily in Iraq and the Kurdistan Region.

Grant Felgenhauer JD

Co-Founder and Managing Partner

4 past transactions

iQ Cars

Seed Round in 2025
iQ Cars is a leading digital platform in Iraq, specializing in car listings and sales. It operates a user-friendly mobile app that connects car buyers and sellers, offering a wide network of verified dealers and comprehensive vehicle listings. The company aims to improve the automotive buying experience in Iraq by streamlining the transaction process.

Alsaree3

Series A in 2024
Alsaree3 Group Ltd. is a Baghdad-based company founded in 2018 that specializes in on-demand food delivery services. It provides a comprehensive point of sale (POS) system and hardware solutions to assist restaurants in managing their orders efficiently. The technology offered by Alsaree3 enables restaurants to accept, print, and review order histories, enhancing operational efficiency. Additionally, the company facilitates exclusive offline ordering for select restaurants. By prioritizing the user experience for both customers and restaurant partners, Alsaree3 effectively caters to the specific needs of the Iraqi market, offering a diverse range of dining options to its users.

Alsaree3

Convertible Note in 2023
Alsaree3 Group Ltd. is a Baghdad-based company founded in 2018 that specializes in on-demand food delivery services. It provides a comprehensive point of sale (POS) system and hardware solutions to assist restaurants in managing their orders efficiently. The technology offered by Alsaree3 enables restaurants to accept, print, and review order histories, enhancing operational efficiency. Additionally, the company facilitates exclusive offline ordering for select restaurants. By prioritizing the user experience for both customers and restaurant partners, Alsaree3 effectively caters to the specific needs of the Iraqi market, offering a diverse range of dining options to its users.

Nakhla

Venture Round in 2022
Nakhla provides cultivation, harvesting, and cleaning services to date palm trees. Users can subscribe to the company's services in exchange for a subscription fee and a revenue share of the palm tree harvest and users can adopt a date palm tree planted in a public space.
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