Founded in 2015 by Mohammad Reza Abrishamchi and Mohsen M. Khalkhali, Iratel Ventures has made 11 investments and had 2 exits as of February 2020. Their notable investment portfolio includes companies like BLOCKS, Butterfleye, Medopad, Taskulu, Trendage, and Ulab Systems. The firm works closely with startup founders on strategic partnerships, talent management, and global growth.