Key news from the Central Asian venture market — May 2026

The main focus of the month is the growth of institutional capital, deeptech sectors, and strengthening ties between the markets of Central Asia, the Middle East, and the US.

Investors from Central Eurasia invested in American AI startup Vectorial AI
Silkroad Angels invested in the American B2B AI startup Vectorial AI, which creates a platform for simulating user behavior.

The deal demonstrates the growing role of capital from Central Eurasia in the global venture market and its integration into Silicon Valley-level transactions.

A new venture infrastructure for startups is being created in Uzbekistan — Justart Uzbekistan
The Justart Uzbekistan venture ecosystem is launching, combining regional studios, an educational layer, acceleration programs, and an AI-based founder evaluation system.

The country plans to develop the startup industry to $2 billion and grow to 5,000 startups by 2030. The first stage is being built through a network of regional studios with local entrepreneurs.

IT Park Ventures increases fund capital to $30 million
IT Park Ventures announced an increase in its fund capital from $10 million to $30 million.

Previously, the fund's capital was $10 million, of which more than 80% has already been invested in technology startups and the development of the venture ecosystem. This will allow IT Park Ventures to increase the number of deals, expand its investment portfolio, and more actively support technology companies at growth stages.

Qatar launches the $30 million Tech Venture Fund for deeptech startups
Qatar Science & Technology Park, part of Qatar Foundation, has launched the Tech Venture Fund with a volume of $30 million. The fund is focused on early-stage deeptech startups that must have their headquarters and key team in Qatar and develop technologies with social or climate impact.

Investment phase of the "Fund of Funds" launched in Kazakhstan with $115 million in capital
At GITEX AI Kazakhstan 2026, the launch of a fund of funds with a volume of $115 million was announced. The project is managed by Alem Capital Management and combines state resources, infrastructure, and private capital to accelerate the digital economy.

DOMiNO Ventures and Alem Ventures signed a strategic cooperation agreement
DOMiNO Ventures and Alem Ventures signed a strategic cooperation agreement.

The goal is to develop the regional venture ecosystem, strengthen cross-border investments, and support startups with global potential.

Caucasus Ventures participated in the EC Startup Summit 2026 in Malta
Caucasus Ventures participated in the EC Startup Summit 2026 in Malta, where regional projects, the potential hosting of the summit in Baku, and the creation of a new fund of funds to support regional startups were discussed.