What does Toolmart do?
Toolmart is a B2B procurement technology company that digitizes the procurement process, streamlining the sourcing of industrial supplies for institutional buyers through a scalable, inventory-light platform.
How much did they raise?
The company raised an undisclosed amount in a Seed funding round led by Plus VC and Oasis500, with participation from regional angel investors.
What are their plans for the money?
Toolmart intends to use the funding to accelerate its growth by expanding its team and entering new markets across the Middle East, further scaling its digital procurement platform.
What have they achieved so far?
Having successfully launched in Iraq, Toolmart has validated its business model in a complex, high-demand market, gaining strong traction among oil & gas operators, construction firms, NGOs, and institutional buyers.
