Big Sky Capital is forming a second fund worth $50 million

The editorial office of The Tech exclusively reports that the venture fund Big Sky Capital has announced the launch of its second fund with a volume of $50 million as part of a deal with Qazaqstan Venture Group and UzVC. The first anchor institutional investors have already confirmed their support for the project, providing new momentum for the development of the Central Asian venture ecosystem.

According to Adil Nurgozhin, the registration of the fund has already been launched, and starting from the first quarter of 2026, Big Sky Capital plans to actively participate in the regional market.

Adil Nurgozhin, Managing Partner of Big Sky Capital
It is important to understand: without Kazakhstan or without Uzbekistan, there is simply no separate market in the region. The market only emerges when these two leaders act together and represent a unified space. We started talking about Central Asian startups and continue to prove it with deals.

The fund is already actively working with the Uzbek ecosystem: among the portfolio companies of Big Sky Capital are three startups from Uzbekistan, including TASS Vision, and five portfolio companies have opened local offices in the country while simultaneously operating in two markets. Big Sky is actively developing co-investment with key players in the region, including UzVC, Aloqa Ventures, Uzcard Ventures, SQB Ventures, effectively covering all leading structures of the venture market in Uzbekistan.

Adil Nurgozhin, Managing Partner of Big Sky Capital
Today we announced the start of fundraising for our $50 million fund. The first anchor investors have supported us, which will accelerate the closing of the remaining amount. We plan for the first closing to be at the level of $20-25 million. We then have 24 months to fully close the fund. We are already forming a pipeline of new deals.

The creation of the second Big Sky Capital fund will become an important stage in the formation of a unified venture market in Central Asia, opening up new opportunities for startups at stages A and B and attracting the attention of international investors to the region.