Venture fund GVA Alatau Fund LLC closed its first deal

Techgarden, the leading innovation hub for the development of Industry 4.0 technologies in Central Asia – the Autonomous Cluster Fund “Park of Innovative Technologies” – announced the first successful exit of the GVA Alatau Fund LLC venture fund.

The startup Verigram has successfully completed its investment return phase. In the first wave of investment in 2018, the team received pre-seed funding, which helped in the development of the company. Today, Verigram provides online biometric verification services, automated document, face, and object recognition, as well as video analytics systems.

The successful return on investment is another step forward in the development of the venture ecosystem in Kazakhstan. Now, the GVA Alatau Fund LLC venture fund team is actively working on returning previously invested funds.

Source: @techgarden