Iraq-based logistics aggregator Boxy has secured $1.5 million in pre-seed funding from venture builder EQIQ as part of a strategy to scale Iraq’s digital infrastructure. Founded in 2024 by CEO Ahmed Baqer and CTO Mehrshad Pezeshk, Boxy aims to streamline Iraq’s fragmented last-mile delivery market by integrating over 1,500 couriers into a single AI-powered shipping platform. The platform offers merchants real-time, optimized shipping options, reducing onboarding time from weeks to hours.
Boxy has shown early product-market fit with consecutive double-digit growth since its October 2024 launch. EQIQ, with over $500 million invested in tech ventures, is positioned as Boxy’s co-founder, providing strategic capital, operational support, and access to its ADGM hub.
Mohamed Al-Hakim, EQIQ Founding Partner, highlighted Boxy’s potential to reshape parcel logistics in Iraq and beyond, leveraging founders’ extensive regional and global experience. Baqer emphasized Boxy’s mission to be a one-stop logistics platform offering data-driven courier matching to solve merchant pain points, replacing fragmented, inefficient systems.
CTO Pezeshk stressed that with smart technology and infrastructure, Iraq’s challenging last-mile market is solvable. Boxy plans to expand integrations across Baghdad and provincial cities, using the investment to enhance proprietary technology and scale nationwide.
