10 startups from Central Asia that have attracted investments in the last month

In this selection, we share startups that attracted major investments in May.

Startup ApartX raised $250,000 in investments from Big Sky Capital and Activat VC

The ApartX project team announced the successful closing of its seed round, securing $200,000 from venture fund Big Sky Capital and $50,000 from venture company Activat VC.

These investments will allow the startup to expand its capabilities, strengthen its market position, and break through barriers in the real estate rental industry.

Kazakh startup CTOgram raised $1,500,000 in investments from Timur Turlov

On June 1, IT startup CTOgram announced a new funding round from well-known Kazakh businessman and venture investor Timur Turlov. The investment amount was $1,500,000, and the startup was valued at $13,500,000.

The IT startup's mobile application helps car owners quickly find auto repair shops and parts directly from warehouses. CTOgram's database includes 250,000 car owners, 71 spare parts suppliers, and 2,000 auto repair shops.

Kazakh startup Kwaaka raised $235,000 in investments

Startup Kwaaka completed a Pre-seed funding round of $235,000. The project team attracted funds from several investors: Big Sky Capital VC, Murat Abdrakhmanov, with participation from Most Ventures and Arman Shokparov. The funds will be used to develop the technological platform and accelerate its market growth.

Kwaaka provides a comprehensive solution for businesses to manage online orders in one place, eliminating the need for multiple accounts and manual data entry.

Startup Egistic will receive $500,000 to promote its superapp in Kyrgyzstan

The Kazakh company Egistic, which develops a superapp for agriculture, became one of the winners of the digital projects competition by the Eurasian Development Bank's Digital Initiatives Fund.

Additionally, Egistic announced that it will receive a grant of $500,000 for a two-year promotion of the app in the Eurasian Economic Union (EAEU) markets, with a priority on Kyrgyzstan.

6 Kyrgyz startups were selected for investment during the demo day of the Youth Cup pre-incubation

From 500 applications, 31 teams were selected. Over 9 weeks, about 60 companies went through an ideation program in a mixed format.

After two pre-demo days in Osh and Bishkek, participants presented their projects to the investment committee at the Demo Day, competing for investments of up to $10,000. Based on the committee's voting results and passing a comprehensive verification, the following companies were recommended for investment: ArtZone, Bugu Home Collection, KK English, Tomo, Oyu.n.kg, and LLC Ar Kompany.