IT Park Ventures invested $650,000 in startups in Uzbekistan

IT Park Ventures has completed its first strategic deals totaling $650,000, setting a new standard for speed, efficiency, and scalability in Uzbekistan’s startup ecosystem.

Through a rigorous selection process from over 100 startups, the team held detailed meetings with more than 50 companies before including them in the portfolio of the first residents.

The selection process relied on in-depth market analysis, financial modeling, and strategic forecasting. IT Park Ventures thoroughly evaluated each startup’s business models, competitive advantages, and scalability potential, complementing the analysis with technical, financial, and legal audits. Unit economics calculations were performed, and insights from Plug and Play Tech Center provided valuable market intelligence.

After comprehensive analysis, the projects were presented to the investment committee, where experts carefully assessed their strategy, financial sustainability, and technological prospects. As a result, three startups received funding: Datatruck, Geomotive, and Unitlab AI.

Datatruck is a platform for automating financial and operational processes in freight transportation, having raised $250,000 from IT Park Ventures in a bridge round prior to Series A. Its innovative TruckGPT technology reduces manual operations by up to 60%, and integration with over 9,000 US banks enables synchronization of cash flows with orders, making logistics management more efficient.

Geomotive is a DOOH (Digital Out-of-Home) advertising marketplace that unites LED screens into a single platform. The startup raised $200,000 from IT Park Ventures in a Seed round. The platform allows brands to manage advertising campaigns with the flexibility of digital advertising, using geotargeting, automated purchasing, and precise performance metrics. Geomotive is already operating in Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Egypt, and Dubai, and will soon enter the markets of Saudi Arabia, Qatar, Oman, Jordan, and the United Kingdom.

Unitlab AI is a platform for automating data labeling, managing AI models, and training them. The startup raised $200,000 from IT Park Ventures in a Seed round. Unitlab AI technology accelerates data labeling by 15 times, reduces costs by five times, and saves up to 60% of engineers’ time. The company is registered in Delaware, USA, and previously raised $210,000 from 500 Global and Startup Wise Guys, as well as grants totaling $300,000 from NVIDIA, AWS, and Google for Startups.

To apply for investment, visit the website.