Boxy raises US$ 1.5 mn to unify Iraq’s last-mile logistics

Boxy has secured US$1.5 million in pre-seed funding from venture builder EQIQ to transform the country’s fragmented last-mile delivery market, informed Mohamed Al-Hakim, Founding Partner, EQIQ. “Boxy offers a tech-enabled, AI-powered logistics platform that helps merchants scale their businesses,” he added. The solution reduces merchant onboarding from weeks to hours, eliminates courier juggling and streamline fulfillment operations. The platform has doubled its merchant base in a month and is expanding across Baghdad and provincial cities. Backed by EQIQ’s US$ 500 million venture experience, Boxy reflects a push to build Iraq’s digital logistics backbone. This investment marks a critical step in scaling Iraq’s e-commerce ecosystem by offering merchants an integrated and tech-first logistics solution in a cash-dominant market underserved by modern infrastructure.