Who invests in startups in Central Asia: a review of venture funds

Kazakhstan

MOST Ventures
A private venture fund that supports technology entrepreneurs in Central Eurasia in accessing global markets. It invests in projects from the Seed to Series A stages.

Activat VC
A venture company founded in 2014. It invests in IT startups following the "smart money" model, combining financial support with expertise and partnership networks. It helps startups grow at all stages of development.

MA7 Venture
A venture company founded by Murat Abdrahmanov. It invests in technology entrepreneurs with a strong innovative spirit. Its portfolio includes over 50 startups, including Higgsfield, Zibra AI, and Zeely AI.

Big Sky Capital
An early-stage venture fund that invests in B2B solutions in the corporate technology sector. The fund supports entrepreneurs from Southeast Asia, Central Asia, and the United States.

Tumar Venture Fund
Helps Central Asian startups access the Middle Eastern and African markets. It provides support through registration and licensing in the UAE, access to investors and partners, and acceleration programs.

Freedom Ventures
Freedom Ventures Ltd. was established on July 8, 2025, through Freedom Kazakhstan Ltd. with a charter capital of 5 billion tenge. The company is managed by Olga Baskakova.

BGlobal Ventures
A subsidiary of JSC Qazaqstan Investment Corporation, registered in the UAE and operating based on principles of English common law. It considers projects from the Pre-Seed to Series A stages.

Nomadiq Innovation Hub
An innovative IT hub supporting startups in the early and growth stages. It invests in startups in FinTech, EdTech, MedTech, AgroTech, energy, and other sectors. The average check size is $100,000 – $200,000.

Eurasian Hub Ventures
An investment community based in London that supports technology entrepreneurs in Eurasia. It offers startups strategic support, access to professional networks, and investment capital.

Silkroad Angels Club
An angel investor club in Central Eurasia. It invests $50,000 – $200,000 in technology startups at the Pre-Seed and Seed stages. There is high interest in FinTech, HealthTech, AI, and B2B SaaS sectors.

RS Bootcamp
A venture studio in Kazakhstan. It supports early-stage startups by providing access to teams, infrastructure, and investment.

Astana Hub Ventures
A venture fund established alongside the Astana Hub international IT technopark. It invests in projects from Pre-Seed to Series A. Sectors include AI, Blockchain, FinTech, EdTech, HealthTech, Gamedev, Spacetech, and others.

EA Group
A major investment company based in Almaty. It manages assets through venture capital, hedge funds, and portfolio companies.

Kyrgyzstan

ADVentures
Kyrgyz investor Daniel Abdyldaev supports startups with global ambitions in their early stages through the ADVentures venture fund. He invests $10,000 to $100,000 in projects in Central Eurasia, prioritizing strong teams. His portfolio includes over 90 companies, including approximately 20 IT startups.

Accelerate Prosperity
A global initiative of the Aga Khan Development Network in Central and South Asia. It is aimed at supporting young entrepreneurs and startups. The program offers private business coaching, mentoring, acceleration, incubation, access to modern coworking spaces, and flexible financial solutions under simplified terms.

Uzbekistan

AloqaVentures
A venture fund created by AloqaBank that invests up to $250,000 in startups at the Pre-Seed and Seed stages, and up to $1 million in some cases. The fund supports projects in FinTech, e-commerce, AI, and SmartTech, and is also open to new ideas.

IT Park Ventures
The first state venture fund in Uzbekistan. It supports early-stage startups with Uzbek roots and helps them access global markets. The fund invests up to $1 million in sectors such as AI, FinTech, EdTech, GreenTech, GameDev, and DeepTech.

UzVC
The National Venture Fund. It supports startups in Uzbekistan, strengthening the link between the state and the private sector. It contributes to incubation, acceleration, and the development of the venture ecosystem.

Startup Garage
A venture studio in Uzbekistan. It invests $5,000 to $100,000 in early-stage startups. Since its inception, it has supported over 150 projects. Sectors include B2B SaaS, artificial intelligence, EdTech, and FinTech.

Tajikistan

FIFTYFIVE GROUP
An investment and management company operating since 2010. It implements projects in Tajikistan, Uzbekistan, Russia, China, the UAE, and Kazakhstan. It invests in finance, sports, aviation, startups, clothing manufacturing, and public catering. It supports both commercial and social initiatives.

Worldwide

Plug and Play Tech Center
Operates in over 50 countries. It supports innovations in FinTech, healthcare, smart cities, artificial intelligence, agrotechnology, and other sectors.

DOMiNO Ventures
A venture fund that invests in early and growth-stage technology startups in Eastern Europe, Central Asia, and the Caucasus. The fund supports founders creating global digital solutions in AI, DeepTech, CleanTech, and other sectors.

Sabah Angels Club
An investor community. It unites startups, operators, and business angels, aiming to create a global impact. Participants have the opportunity to receive training, select deals, and invest in promising startups.

500 Global
A venture company with $2.3 billion in assets under management. It invests in ambitious founders worldwide. It focuses on fast-growing technology startups in the United States and global markets. It has supported over 3,000 companies, including 35 unicorns.

Sturgeon Capital
A venture company that invests in early-stage technology startups. Its main focus areas are FinTech, logistics, digital healthcare, and B2B services. Its target markets are Central Asia, South Asia, and the Caucasus.