Key news from the Central Asian venture market — June 2026
June 2026 was a busy month for the Central Asian venture market. The month saw major privatization deals, increased activity from Uzbek funds, regional startups entering international markets, and strategic partnerships.
IT Park Ventures invested in Ayan Capital, Makon AI, and Joymee
The fund invested $1 million in the $4 million ASA round of British Islamic FinTech startup Ayan Capital, founded by the creators of one of Central Asia's largest FinTech projects, Alif. Additionally, IT Park Ventures invested $75,000 in educational AI startup Makon AI, which raised $300,000 to develop its platform for preparing for the international SAT exam.
In addition, the fund invested $50,000 in startup Joymee, which is developing a platform for searching and listing real estate in Uzbekistan, as part of a $150,000 round.
IT Park Uzbekistan announced a competition for investors as part of infrastructure expansion
IT Park announced an open competition to select local and foreign investors to implement investment projects as part of the next stage of the complex's development.
The main goal is to create modern infrastructure facilities within IT Park, develop the information technology sector, and create new jobs. Legal entities interested in projects in the fields of development, engineering, and IT infrastructure creation are invited to participate.
EA Ventures Plug and Play EMEA Fund Participated in Series A Round
The Kazakh-Spanish fund EA Ventures Plug and Play EMEA Fund, created by EA Group Holding in collaboration with Plug and Play, participated in the $20 million Series A round of Spanish AI startup NeuralTrust. The company is developing a platform to protect corporate AI agents and collaborates with banks, airlines, telecom operators, and government agencies. The investment is part of the fund's strategy to build an international portfolio of technology companies in the fields of AI and enterprise solutions.
Imkon Ventures invested $100,000 in Uzbek startup Avtomato.uz
Imkon Ventures announced an investment of $100,000 in Avtomato.uz, a platform for automating business processes for retail enterprises and installment sales companies.
The platform was launched in April 2025 by Yuldosboy Sultanov, founder of the IT company REVO. Today, Avtomato.uz serves more than 100 corporate clients. By the end of 2026, the company plans to increase this number to 500. By the end of the year, the launch of solutions for at least three new business areas is also planned.
Aloqa Ventures invested $100,000 in Uzbek startup Makon AI
Startup Makon AI, which is developing an AI platform for SAT exam preparation, raised $300,000 in investments. As part of the round, Aloqa Ventures invested $100,000. The raised funds will be directed toward product development, team expansion, and international scaling of the platform.
Aloqa Ventures invested in startups Makon AI and Joymee
Fund Aloqa Ventures announced investments in Uzbek startups. The fund invested $100,000 in educational AI startup Makon AI, which raised $300,000 to develop its platform for preparing for the international SAT exam, and also invested $20,000 in startup Joymee, which is developing a platform for searching and listing real estate in Uzbekistan. The companies will direct the raised funds toward product development and business scaling.
Nexus Club invested $80,000 in startup Joymee
Startup Joymee, which is developing a platform for searching and listing real estate in Uzbekistan, raised $150,000 as part of the investment show "Taqdimot" on Zo'r TV channel.
Three investors participated in the round: IT Park Ventures invested $50,000, Aloqa Ventures invested $20,000, and business angels from Nexus Club invested $80,000. The raised funds will be directed toward product development, feature expansion, and business scaling.
Yoshlar Ventures invested in startups TheCarGo and Makon AI
Fund Yoshlar Ventures announced two investments in Uzbek AI startups. The fund invested $80,000 in TheCarGo, which raised $110,000 as part of a Seed round to develop its platform for automating automotive logistics in the US, and also invested $125,000 in educational startup Makon AI, which raised $300,000 to develop its AI platform for preparing for the international SAT exam.
IT Park Ventures and MOST Investment will create a joint venture fund in Uzbekistan
At the TIIF 2026 venue, IT Park Ventures and MOST Investment signed a memorandum of cooperation providing for the launch of a joint venture fund in Uzbekistan.
The fund will focus on identifying and supporting promising startups, attracting regional and international investments, and facilitating the growth of technology companies. The agreement also provides for joint investments, exchange of experience in fund management, hosting industry events, and assisting startups in entering international markets.
Startup Garage organized a Demo Day, after which startups received up to $50,000 in investments
A Startup Garage GRAND DEMO DAY took place in Uzbekistan, where startups that underwent intensive training for two months presented their projects to investors at the School 21 building.
As a result of the Demo Day, three projects received preliminary investment offers totaling $95,000. Startup Safora received an offer of $50,000 from Yoshlar Ventures and AloqaVentures funds, Savat received $25,000 from Imkon Ventures, and Rentzor received $20,000 from AloqaVentures.
The Tech on Telegram Follow The Tech on Telegram
Keep up with the latest technology and startup news.