# Baly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baly

- Industry: Transportation Services
- Headquarters: Baghdad, Iraq
- Website: www.baly.iq
- Total disclosed funding: $11M
- Latest round: Seed (Jan 28, 2022)
- Investors on record: 6

## About

Based in Baghdad, Iraq, and founded in 2020, Baly operates as a transportation company that provides digitalization in Iraq’s transportation, food, e-commerce, supply chain, and travel industries. In January 2022, Baly raised USD 10.5 million seed funding with participation from Global Founders Capital, Kingsway Capital, Majid Al Futtaim, March Holding, MSA Capital, and Vostok Ventures.

Baly is a developer of a super application aimed at providing quick delivery and low-cost transportation. The company's platform offers taxi services with different options and restaurant information, and the firm accepts electronic payments at a lower cost, giving users a convenient alternative for their delivery and transportation needs.

The company plans to use the January 2022 funding for expansion across the country and support the start of business lines including food delivery.

## Funding rounds

- Seed, Jan 28, 2022, $11M — MSA Capital, Global Founders Capital, Vostok Ventures, Kingsway Capital, March Holding, Majid Al Futtaim

## Investors

- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Vostok Ventures (https://capitalatlas.ai/funds/vostok-ventures) — Seed
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Seed
- March Holding (https://capitalatlas.ai/funds/march-holding) — Seed
- Majid Al Futtaim — Seed