# Toolmart.me

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/toolmart-me

- Industry: Retail
- Headquarters: Iraq
- Website: www.toolmart.me/
- Latest round: Seed (May 26, 2025)
- Investors on record: 2

## About

Based in Basrah, Iraq, founded in 2021, Al Majal Logistics Company, trading under the name Toolmart.me, operates as a provider of industrial tools and equipment, offering products like power tools and safety solutions to businesses and professionals across Iraq and the Middle East. In May 2025, Toolmart.me raised an undisclosed amount of seed funding co-led by Oasis500 and Plus Venture Capital, with participation from individual investors. The company provides a wide range of industrial products, such as power tools, hand tools, welding equipment, hydraulic systems, safety solutions, automotive accessories, and consumables. Moreover, the firm offers tools for professionals and businesses across various sectors, including construction, automotive, and manufacturing. Additionally, the firm also provides services such as procurement assistance, supplier partnerships, and product sourcing to cater to the needs of business clients in Iraq and the broader Middle East. The company generates revenue primarily through the sale of industrial equipment, tools, and accessories via its e-commerce platform. Product prices range from 2,350 IQD for L/D Stabils (1000 pieces) to 361,350 IQD for high-end cordless hammer drills. Other items include heavy-duty clamps, drill sets, and power tools, with prices such as 3,350 IQD for Stanley 6mm clip sets and 254,000 IQD for a 14-inch cutting tool. The company will use the May 2025 funding to sustain its growth trajectory, expand its team, and boost its presence in new markets across the Middle East.

## Funding rounds

- Seed, May 26, 2025 — Oasis500, Plus Venture Capital
- Seed, Aug 1, 2024 — Plus Venture Capital

## Investors

- Plus Venture Capital (https://capitalatlas.ai/funds/plus-venture-capital) — Seed
- Oasis500 (https://capitalatlas.ai/funds/oasis500) — Seed