# Iraqi Angel Investors Network

Iraqi Angel Investors Network is a Private Equity based in Baghdad, Iraq.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Baghdad, Iraq
- **Region:** Middle East
- **Address:** Baghdad, Iraq
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** ian.iq

## Regulatory record

- **Reports private funds:** No

## About

The Iraqi Angel Investors Network is the first angel group in Iraq, comprising distinguished Iraqi businessmen and entrepreneurs who support the entrepreneurship ecosystem and revitalise the country's private sector. It connects ambitious entrepreneurs with investors and deploys capital and expertise into Iraqi startups and SMEs.

## Sectors

- Enterprise Software
- FinTech
- E-commerce
- AgriTech & FoodTech
- Digital Health

## People

- Ali Al Suhail — Network Manager
- Mujahed Al Waisi — Chief Executive Officer
- Shams Al-Attar — PR Manager

## Questions

### How does IAIN source deals within Iraq's fragmented market?

The network originates deal flow from its angel members, who are embedded across Iraq's business communities in Baghdad, Erbil, and Basra. IAIN also participates in local pitch events and startup competitions, including those run by Iraqi incubators and university entrepreneurship programs. This ground-level sourcing bypasses the formal investment-banking channels that do not exist for Iraqi early-stage tech.

### Is IAIN structured as a fund or a distributed angel network?

IAIN operates as an angel network, not a blind-pool fund. Individual angels make their own investment decisions after the group conducts shared due diligence, and each angel holds their own equity position. This decentralized model keeps deployment flexible but also caps the speed and scale of capital aggregation compared to a commingled venture fund.

### Which sectors does IAIN prioritize in Iraq?

The network invests across technology-enabled sectors that can scale despite Iraq's infrastructure challenges. Known interests include enterprise software, fintech, e-commerce, agritech, and digital health. IAIN avoids capital-intensive industries such as energy infrastructure or heavy manufacturing, which require funding levels beyond the network's capacity.

### How does IAIN differ from Gulf-based funds entering Iraq?

IAIN is composed entirely of angels based inside Iraq, a structural distinction from Gulf-domiciled venture funds that invest from Dubai or Riyadh. This domestic composition gives IAIN direct visibility into security conditions, regulatory practices, and consumer behavior in cities like Baghdad and Mosul. The trade-off is a smaller aggregate pool of capital than what regional funds can mobilize.

## Related profiles

- [Iraq Tech Ventures](https://altss.com/profile/iraq-tech-ventures)
- [iResearch Capital](https://altss.com/profile/iresearch-capital)

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Last updated: 2026-08-11T15:07:05.535Z

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