The volume of venture investments in 2023 amounted to over $80 million
Author - Mansur Ismagulov
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In 2023, Kazakhstan's venture market reached record levels: 55 deals were closed for a total of over $80 million. Key recipients of investments included projects such as OneVision, Clockster, Easytap, and others, with the FinTech sector leading the way thanks to innovations like Prosper Pay. Active roles were played by funds such as Most Ventures, Big Sky Capital, Tumar Venture Fund, and EA Group.
The venture capital market in Kazakhstan demonstrated significant growth in 2023, reaching record levels of funding and investment exits. The total number of deals closed was 55, with total investments exceeding $80 million, reflecting a fivefold increase over the past six years.
Key recipients of venture capital investments were Kazakhstani projects such as OneVision, Clockster, Easytap, CTOgram, CerebraAI, UvU, Kwaaka, BPMTracker, Porte, Hero’s journey, Codiplay, JobEscape, and others.
FinTech continues to lead in investment volume, highlighting its innovative potential and attractiveness to investors. For example, Prosper Pay offers an innovative service for accessing earned wages before payday, revolutionizing traditional financial services. E-commerce platforms and marketplaces also showed significant growth due to investments from major corporations.
Key players in the venture capital market of Kazakhstan: Most Ventures, Big Sky Capital, Tumar Venture Fund, EA Group, Quest Ventures, Jas Ventures, Nomad VC, Activat VC, 500 Ventures, Qazaqstan Investment Corporation, MyVentures, Tech Garden Ventures, Almak Capital Investment Firm, Falconry, InDrive New Ventures, Baiterek Venture Fund, QazTech Venture.
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