Key news from the Central Asian venture market — July 2026

First Wings Ventures invested $100,000 in Sino AI

Venture fund First Wings Ventures invested $100,000 in the Uzbek startup Sino AI. The funds will be directed toward launching an AI-powered subscription service with smart bracelets for health monitoring. After the deal, the team retained its stake in the company.

Imkon Ventures increased its investment in Asaxiy Invest
Imkon Ventures invested an additional $100,000 in Asaxiy Invest at a company valuation of $10 million. Following the new deal, the fund’s total investment in the company reached $150,000.

UC Ventures announced a new stage in the fund's development
The corporate venture fund UC Ventures, established in 2021 as Uzbekistan’s first CVC fund, announced its return to the public space. During its operation, the fund built a portfolio of more than 10 technology companies and invested in projects at various stages of development. Currently, UC Ventures focuses on AI, FinTech, SaaS, EdTech, E-commerce, Logistics, Telecom, Gaming, and Data.

IRA Tashkent 2.0 concluded its Demo Day program

On July 24, the Demo Day for the Investment Readiness Accelerator Tashkent 2.0 took place. During the event, 14 startups presented their projects to investors, venture funds, and business representatives. The program brought together participants from the investment ecosystem and served as a platform for showcasing new technology projects.

Murat Abdrakhmanov invested $500,000 in Extella.ai
The Extella.ai platform, which helps companies integrate artificial intelligence into business processes, raised $860,000 in investment. Of this amount, venture investor Murat Abdrakhmanov invested $500,000 at a company valuation of $40 million. The remainder of the round was funded by Anvar Bakiev and other company shareholders.

AloqaVentures invested in Onless
AloqaVentures invested $10,000 in Onless, an Uzbek EdTech platform for preparing for the theoretical driving license exam. Yoshlar Ventures invested an additional $25,000 in the startup. The platform uses digital tools and AI to help users prepare for traffic rule exams.

Yoshlar Ventures continues to invest in technology projects
In July, Yoshlar Ventures closed several new deals:

— AdRide received $30,000 in investment — an AdTech platform that helps brands engage with audiences through urban mobility solutions

— Body Tester received $35,000 — a HealthTech solution for rapid analysis of overall health status

— Onless received $25,000 — an AI-powered EdTech platform for preparing for driving exams

— Camvi received $40,000 in investment — a business solution for analyzing customer traffic, employee efficiency, and marketing activities

— Secure Prompt received $40,000 — an AI security project that helps companies protect confidential data when working with artificial intelligence

Uzbekistan launched the first fund for game studios
The Creative Association of Uzbekistan announced the launch of the UzCA Game Fund — the country’s first investment fund for game studios.

The fund will support game projects at various stages: from early-stage teams with investments of $1,000–$2,000 to more mature projects with funding of $50,000–$100,000 and above.

In addition to investments, the fund will provide publishing and marketing support: assistance with promotion, ASO, user acquisition, distribution, and entry into international markets.

INMerge Ventures invested in MagicPort

Venture fund INMerge Ventures participated in the Pre-Seed funding round of the MagicPort startup, which raised $3 million. Alongside the fund, investors including Sturgeon Capital, Hustle Fund, Everywhere Ventures, Transport Capital, Caucasus Ventures, Scorpa Pranedya, and others participated in the investment.

MagicPort is developing a platform for automation and analytics in the maritime shipping sector.