Nakhla, an Iraqi agri-tech company, receives its first investment from Euphrates Ventures
Nakhla, an Iraqi-based Agri-tech social enterprise, has received a six-figure investment from Euphrates Ventures, an Iraq-focused venture fund. Nakhla was founded in 2018 by Labeeb Kashif Al-Gitta in Iraq to provide cultivation, harvesting and cleaning services to date palm trees across Baghdad. Users can subscribe to the company’s services in exchange for a subscription fee and a revenue share of the palm tree’s harvest. In addition, users can adopt a date palm tree planted in a public space.