5 startups from Central Asia that have attracted investments in the last six months

US startup ADAPT, founded by Kazakh entrepreneurs, has secured a new $500,000 investment round

Startup ADAPT has secured a new $500,000 investment round.

The second round was led by Murat Abdrakhmanov, with the deal also supported by the venture fund MOST Ventures and the UMAY Angels Club. MOST Ventures noted that the startup's entry into the US market influenced their decision to invest.

ADAPT develops social commerce and artificial intelligence technologies for small and medium-sized businesses (SMBs). The company's ADAPT SHOP application is used by over 10,000 small businesses in the US, Mexico, and the CIS, which are developing their own sales channels through Instagram, TikTok, and WhatsApp.

A year ago, the startup received $250,000 in investments from the US venture fund 500 Global. Now, the company has received support from new investors.

Project Supply Pike has secured $25 million in investments

Supply Pike's goal is to help companies producing consumer brands become more efficient in retail operations.

Currently, the company has 130 full-time employees, most of whom work in Arkansas. About 40% of them are involved in product and development, another 40% in sales and marketing. The remaining 20% are in support and other roles.

In 2018, the team raised $15 million in a funding round. To accelerate growth, they raised an additional $25 million in a funding round in 2022.

Educational center "Intellect-Batken" has secured $20,000 in investments

Mahabat Alimova, along with her sister Inabat Alimova, is developing the unique educational center "Intellect-Batken" in Batken.

In 2022, they applied to Accelerate Prosperity and were accepted into a pre-demo of another ECD acceleration program at AP. As a result, they passed the demo and received investments totaling $20,000.

Project EnsiliTech has secured £1.2 million in investments

Biotech startup EnsiliTech, co-founded and led by Asel Sartbaeva, a scientist and professor of chemical sciences from Kyrgyzstan, has secured £1.2 million in pre-seed funding.

The patented technology—ensilication—can be applied to both existing and new biopharmaceutical drugs to make them safe and stable at room temperature.

The investments will be used to validate the concept and conduct preclinical testing of individual vaccines and antibodies for animals, as well as to develop commercial partnerships leading to future licensing opportunities for this platform technology.

Kyrgyz startup Dolon has secured $500,000 in investments

Venture fund MOST Ventures, the UMAY business angel club, and a number of Kazakh investors have invested $500,000 in the Kyrgyz startup Dolon. This is the only system in the world for managing geological data that is fully based on cloud technologies.

The startup addresses challenges in the mining industry and allows users to optimize time for geological analysis, increase the accuracy and number of geological scenarios, provide recommendations for additional exploration measures, and improve risk assessments at early stages through its product.