Iraq-based Teami has raised a five-figure investment round through the Iraqi Angel Investor Network, led by KAPITA, in addition to a $20,000 grant from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH via its project “ICT for Youth in Iraq”.
This marks the second round of financing to be completed through the Iraqi Angel Investors Network after its recent funding for Tabib Baghdad.
“The large tech opportunity remains for B2C businesses in Iraq but Teami is proof that there are many problems to address and markets to create on the corporate side as well,” said Ali Al Suhail, the manager of the Iraqi Angel Investors Network.
Founded by Mustafa Al Jaf, Teami extends its customer relations management (CRM) solutions to medical agents in Iraq to help them manage their on-field operations. The company has so far serviced 400 clients.
“Over my career, I have built a strong understanding of the pain points facing Iraqi medical representatives, Teami has been built to address them," said Mustafa Al Jaf, founder of Teami. “We are ready to take on the market. With our funding round concluded, our focus will shift toward ramping up our marketing activities and optimizing our product."
Teami has recently graduated from ScaleUp Academy and Orange Corner Baghdad, both run by KAPITA.
“We are committed to helping all of our founders from validating an idea to raising their first fund, we are very excited to continue the journey with Teami as an investor’,” said Mujahid Waisi, CEO of Kapita.