List of venture investors

Country:

Azerbaijan

Website:

https://sabahhub.com

Description:

A $25 million venture fund launched in 2024 in Azerbaijan. It invests in technology startups at the earliest stages (pre-seed and seed) from the South Caucasus, Central Asia and the MENA region. Main sectors are fintech, clean technology and education technology.

Country:

Azerbaijan

Website:

https://inmerge.az

Description:

A $4 million venture fund created in Azerbaijan in October 2024. It invests in early-stage technology startups (pre-seed and seed) from the Caucasus, Central Asia, Eastern Europe and the Middle East, with cheques of up to $200,000.

Country:

Uzbekistan

Website:

https://humocard.uz

Description:

Corporate venture arm of Uzbekistan's national payment system HUMO, wholly owned by HUMO. Registered in March 2026. Expected focus: fintech and technology projects in Uzbekistan; strategy and fund size have not yet been disclosed.

Country:

Uzbekistan

Website:

https://agrobank.uz

Description:

Corporate venture fund of Agrobank. Invests in early-stage and growth-stage startups with tickets of $25-500K. Focus: AgriTech, AI/ML, plus FinTech, HealthTech, EdTech, GreenTech, logistics and Deep Tech. Geography: Uzbekistan.

Country:

Uzbekistan

Website:

https://uventures.uz

Description:

Venture fund backed by seven state-owned banks of Uzbekistan with capital of about $40M. Invests in early-stage startups, mainly pre-seed and seed, in technology sectors. Focus on Uzbekistan and Central Asia.

Country:

Kazakhstan

Website:

https://astanahub.vc

Description:

Corporate venture fund of the Astana Hub technopark, registered in the AIFC. Invests in technology startups from Pre-seed to Series A across AI, blockchain, fintech, edtech, healthtech, gamedev and spacetech. Focus on Kazakhstan and Central Eurasia.

Country:

Kazakhstan

Website:

https://activat.vc

Description:

Investments up to $100,000. Focus: early-stage startups

Key persons:

Marat Tolibayev, founder

Country:

Uzbekistan

Description:

Aloqa Ventures, founded in 2021 by AloqaBank, is a venture fund focused on supporting innovative startup projects.

Key persons:

Sukhrob Gaybulloev – MP, Davron Parmonov, Mirollim Abdullaev, Dalerkhon Nodirov – OP

Country:

Azerbaijan

Website:

https://caucasus.vc/

Description:

A venture fund founded in November 2022 in Baku, Azerbaijan. The fund specializes in early-stage startup investments from the Caucasus, Central Asia, Turkey, and Eastern Europe.

Key persons:

Mammad Karim (GP), Samir Hajibayli (Investment Associate)

Country:

Armenia

Description:

HIVE Ventures was founded in 2014 to energize the global Armenian tech ecosystem by investing in startups led by Armenian entrepreneurs worldwide.

Key persons:

Edele Hovnanian – founder

Country:

Kazakhstan

Website:

https://mostfund.vc/

Description:

Fund size: $10M. Investments from $20K to $700K, pre-seed to Series A

Key persons:

Alim Khamitov – MP, Mirat Akhmetsadykov – MP

Country:

Uzbekistan

Description:

UZCARD Ventures invests in technology projects at seed and growth stages

Country:

Azerbaijan

Website:

https://sabahhub.com/lab/

Description:

SABAH.HUB serves as an Innovation Center dedicated to supporting early-stage startups in Azerbaijan through mentoring, workspace, and network access.

Country:

Armenia

Website:

https://www.granatusventures.com/

Description:

Granatus Ventures is the first venture company in Armenia providing funding, expertise, and networking to promising Armenia-based tech startups.

Key persons:

Manuk Hergnyan – Co-Founder & MP, Pierre Hennes – Co-Founder & Partner, Yervand Sarkisyan – Co-Founder & Partner

Country:

Kazakhstan

Website:

https://myventures.vc/

Description:

Fund size: $20M. Investments from $100K to $2M

Key persons:

Nurlan Smagulov – founder, Shahboz Rakhmanov – GP

Country:

Uzbekistan

Website:

https://semurg.vc/

Description:

A private investment company combining a CIS-focused venture fund and a Venture Builder that creates and scales technology startups

Key persons:

Ilkhom Idiev – MP

Country:

Armenia

Website:

https://www.smartgate.vc/

Description:

A Pre-Seed Deep Tech venture fund based in California and Armenia

Key persons:

Ashot Arzumanyan, Vazgen Hakobjanyan – Co-founders & Partners

Country:

Kazakhstan

Description:

Fund size: $20–50M. Investments up to $500K

Key persons:

Aslan Sultanov, GP

Country:

Uzbekistan

Website:

https://nationaluzvc.uz/

Description:

UzVC operates as a Fund of Funds, co-financing projects in partnership with private venture investors

Key persons:

Dilshod Khashimov – CEO

Country:

Armenia

Website:

http://formula.vc

Description:

Formula VC helps talented and innovative teams navigate the early-stage journey

Key persons:

Grigor Hovhannisyan, Karen Vardanyan – Partners

Country:

Kazakhstan

Description:

Fund size: $20M. Investments up to $150K

Key persons:

Bakht Niyazov, Founder

Country:

Uzbekistan

Website:

https://www.plugandplaytechcenter.com/uzbekistan/

Description:

A private investment company combining a CIS-focused venture fund and a Venture Builder that creates and scales technology startups.

Country:

Armenia

Description:

Himk Capital invests in global seed-stage startups across all economic sectors

Key persons:

Robert Avakian, Nerses M – Partners

Country:

Uzbekistan

Website:

https://it-park.uz/

Description:

IT Park is a complex of facilities, buildings and infrastructure dedicated to supporting tech entrepreneurship and innovation in Uzbekistan.

Country:

Armenia

Description:

Armenian founders who have navigated the challenges of starting startups in Armenia and scaling them globally

Key persons:

Davit Baghdasaryan, Arto Minasyan, Arto Yeritsyan

Country:

Kazakhstan

Website:

https://www.questventures.com/kz/

Description:

Singapore-based VC firm investing in Asian markets including Kazakhstan, Uzbekistan, and Tajikistan

Key persons:

James Tan – Founder, Wang Yunming – Co-Founder

Country:

Uzbekistan

Website:

https://cat-sa.uz/

Country:

Armenia

Website:

https://www.hye.vc/

Description:

Hye Ventures was founded in 2021 to build a global Armenian tech ecosystem through investments in Armenian entrepreneurs, mentorship, and community building

Country:

Armenia

Website:

https://www.triples.vc/

Description:

Triple S is a fund investing in technology startups led by outstanding entrepreneurs at pre-seed and seed stages

Key persons:

Avag Simonyan – Co-founder & MP

Country:

Kazakhstan

Description:

Angel investor community

Key persons:

Alim Khamitov, Mirat Akhmetsadykov, Murat Abdrakhmanov, Yelzhan Kushekbayev, Adil Nurgozhin, Bakht Niyazov, Olzhas Zhienkulov, Anuar Seifullin, Talgat Ismail

Country:

Armenia

Website:

https://www.startupacademy.am/

Description:

Armenia Startup Academy is a game-changing enterprise support accelerator that provides young startups with structured programming, mentorship, and global networking.

Country:

Kazakhstan

Description:

Timur Turlov's venture company. Fund size undisclosed.

Key persons:

Timur Turlov and Olga Baskakova

Country:

Armenia

Website:

https://www.fast.foundation/

Country:

Kazakhstan

Website:

https://www.byb-capital.com/

Description:

Kenes Rakishev's fund, size $25M

Key persons:

Askar Bilisbekov, GP

Country:

Armenia

Website:

https://epic.aua.am/

Description:

The American University of Armenia's (AUA) on-campus start-up incubator program offers an intensive curriculum, workshops and events, and a network of mentors, advisors, and investors.

Country:

Kazakhstan

Website:

https://ma7.vc/

Description:

Murat Abdrakhmanov is a Kazakh serial entrepreneur and one of the most successful business angels in the country. Five exits in 2023 alone brought the angel investor $7.2M.

Country:

Kazakhstan

Website:

http://astanahub.com/

Description:

The largest international IT startup technopark offering educational and acceleration programs for projects at all stages.

Country:

Kazakhstan

Website:

https://nuris.nu.edu.kz/

Description:

NURIS is a center for innovation, business, and startup activities at Nazarbayev University, combining an accelerator, coworking space, and educational programs.

Country:

Kazakhstan

Website:

https://startup.kbtu.kz/

Description:

Our goal is to support youth startups through educational programs, mentoring, and access to an investor network.

Country:

Kazakhstan

Website:

https://rsbootcamp.com/

Description:

We help corporations and startups build and scale IT solutions through acceleration programs and training.