Tim Draper invested more than $1 million in Citix

Citix became the first technology startup in the jurisdiction of Kazakhstan to attract American investment. At the same time, Tim Draper signed an agreement allowing him to increase his stake in the company. The company's valuation was $98 million.

This year, Citix participated in the Hero Training acceleration program, launched by Astana Hub and Draper University with the support of the Center for International Programs in Science and Technology. Acceleration participants had a unique opportunity to attract investment, scale their projects, and enter the American market under the guidance of experienced experts from Draper University.

Citix best realized its opportunity: Draper personally evaluated the Kazakh product, participated in brainstorming sessions to improve the project, noted Citix's comprehensive approach and the company's prospects, and ultimately invested in it.

Tim Draper is known for his "investor's intuition" for breakthrough projects in various industries. He invested early in projects such as Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, and Robinhood.

Draper's investment in Citix is a recognition of the global potential of the Kazakh project and a landmark event for the technology market across all of Central Asia.

Source: digitalbusiness.kz