Venture market news

Almost 25,000 people took part in the forum. These were IT companies, venture capitalists, business angels and startups, as well as representatives of specialized ministries. Activat VC was presented at the exhibition, where startups could familiarize themselves with our approach to investment and talk about their projects. We took a note of some of them). Demo Day of Astana Hub and Google for Startups - Silkway Accelerator program was held within the framework of the forum, where startups could present their projects to venture investors. The startup Zypl.ai, one of whose investors is Activat VC, participated in the event.

Last November, we told you about the startup Zypl.ai, in which our holding company invested. Azizjon Azimi's brainchild is actively developing in the markets of Tajikistan and Uzbekistan. Here is the latest news: Asia Alliance Bank, the largest financial player in Uzbekistan, has started cooperation with Zypl.ai, which allows to automatically check borrowers using machine learning algorithms, and thus significantly reduce the probability of loan default.

In my venture practice, I often encounter both startups and investors misunderstanding one nuance that sometimes becomes an obstacle to investing in startups. The point is that many people believe that when an investor invests large sums of money in a startup, and the startup investor himself, of course, cannot invest comparable amounts, then at that moment the investor should automatically become the owner of a larger stake in the company.

EasyTap startup founded in December 2021 by Magzum Tolesh and Temirlan Kabylbekov closed a pre-seed round at a valuation of $3 million for $270k. Activat's investment in the project was at an early stage at a valuation of $500k. Thus, the increase in invested funds is estimated at 6 times.