The volume of venture deals in Uzbekistan reached $17.5 million in 2024

RISE Research, in collaboration with EA Group, MA7 Ventures, BGlobal Ventures, KPMG, and dealroom.co, conducted a comprehensive study of the Central Asian venture market in 2024. The study involved more than 200 startups and 40 venture investors and market experts.

According to the data obtained, the venture market in Central Asia continues to grow. The total volume of venture deals in the region reached $95 million in 2024, which is 7% higher than in 2023.

In 2024, the volume of venture deals in Uzbekistan reached $17.5 million, increasing 2.7 times compared to the previous year. The growth of the venture market is associated with increased activity of state and private funds, as well as the development of business angel clubs. The average deal size in the country doubled to $460,000, and the largest investments were attracted by growth-stage startups. The largest number of deals fell on FinTech, EdTech, and AI, while capital inflows were distributed between FinTech and HealthTech.

Since the beginning of the year, five new venture funds have appeared in Uzbekistan. In January, seven state banks established the United Ventures fund with a capital of $40 million, while Uzpromstroybank and Aloka Bank launched their own venture companies.

The full study is available here.