Kazakhstani startups have received over $145 million from venture investors over the past four years.

At the Digital Almaty forum, Alim Khamitov, Managing Partner of MOST Ventures, presented the first study of the venture capital market in Kazakhstan.

It was prepared at the initiative of MOST Holding in partnership with White Hill Capital and the Tech Hub of the International Financial Center "Astana".

The analytics team collected all publicly available data on the venture capital market in Kazakhstan for the period from 2018 to 2022.

According to the report, the total volume of public deals on the country's venture market during this period amounted to $87 million across 175 deals, with 84% of them relating to pre-seed and seed stages of startups. The total volume of deals over the four years was estimated by analysts at $145 million.

Most deals occurred at early stages, indicating investors' belief in and support for startups without a sustainable financial model at the beginning.

The average size of venture deals in Kazakhstan in 2021 was $360,000, and in 2022 it significantly increased, reaching $800,000. This indicates that the market is ready for deals worth several million dollars already this year.

More details on the website.