Toolmart secures regional growth momentum through smart procurement solutions and a fresh round of seed funding. This Iraqi startup, created by Shawkat Shegem, Ahmed Al Hinti, and Nadeem Al Salem, aims to transform how businesses buy industrial supplies.
The new investment comes from Plus VC, Oasis500, and local angel investors. It fuels Toolmart’s mission to enter new markets across the Middle East. The company plans to grow its team and strengthen its operational base.
Toolmart began with a clear purpose. The founders faced constant delays when sourcing indirect industrial supplies. These supplies often make up a small part of budgets but require significant effort. So, they created a tech-based system to solve this issue.
Toolmart offers an inventory-light model with a broad vendor network. Their algorithmic platform shows customers the best options based on speed, cost, and compatibility. This method saves time and prevents overspending.
Toolmart has already proven itself in Iraq’s demanding industrial sector. It has attracted key clients in construction, oil and gas, institutional markets, and nonprofits. Its success comes from efficiency and smart procurement solutions.
The funding will allow Toolmart to build on this momentum. More businesses in the region will benefit from faster, easier procurement. In an industry where delays can cost millions, Toolmart’s approach offers a real edge.
Toolmart also invests in building long-term vendor relationships. That strategy gives customers reliable service and better value. As the company expands, its founders remain focused on innovation and customer service.
