The early-stage venture fund Tumar Venture Fund announces the acceptance of applications from startups for investment.

To support the ecosystem of early-stage technology startups, the Kazakh venture fund Tumar Venture Fund announces the start of the application process for startups.

The Fund's investment strategy is focused on financing and developing innovative, technology, and IT companies at the pre-seed, seed, and Series A, B, C funding stages.

The Fund aims to invest in Kazakh and foreign startups structured in various jurisdictions within the fields of FinTech, E-commerce, EdTech, HealthTech, AgriTech, LogiTech, and other promising sectors.

The Fund has a duration of 8 years, with a target size of up to $50 million.

The venture fund was created as part of the "Stimulating Productive Innovations" project, implemented by the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan and funded by the World Bank.

The goal of creating the fund is to stimulate the development of the venture financing ecosystem with the active participation of private investors.
Startups can submit their applications on the official website.