Startup Funding in Central Asia & Caucasus
Where to raise startup capital in Central Asia & Caucasus: 16 curated VCs, accelerators, incubators, angel networks and government programs across 7 countries, plus 1 more listed under another region that also funds founders here. Every entry is verified from public sources and links straight to the organization. Free, no sign-up.
Organizations based in Central Asia & Caucasus
Astana Hub
Ecosystem OrgLargest international tech hub in Central Asia; advertises tax incentives to registered participants, with conditions set by Kazakh law and published on its own site.
MOST Ventures
VCOne of the earliest private venture funds in Central Asia, part of the MOST Holding ecosystem.
Activat VC
VCHas run corporate venture activity with BI Group.
QazTech Ventures
Government/Economic DevGovernment fund-of-funds under Baiterek Holding; has partnered with US managers including 500 Startups.
IT Park Uzbekistan
Government/Economic DevNational hub of Uzbekistan's startup ecosystem, with incubation/acceleration programs and both government and private venture funds.
UzVC (National Venture Capital Fund)
VCHas co-invested at seed alongside Sturgeon Capital; national fund-of-funds anchoring Uzbekistan's VC ecosystem.
IT Park Ventures
VCTargets early-stage AI, fintech, SaaS and deeptech startups with an in-house accelerator.
High Technology Park of the Kyrgyz Republic (HTP)
Government/Economic DevOne of the region's most competitive IT tax regimes, hosting a large resident community of export-focused tech companies.
Accelerate Prosperity Kyrgyzstan
AcceleratorAKDN-backed and co-financed by the European Commission, USAID, GIZ, SECO, UNICEF and the World Bank.
Accelerate Prosperity Tajikistan
IncubatorAKDN-backed regional SME investor pairing incubation with patient financing.
Caucasus Ventures
VCAzerbaijan's first venture capital fund, backed by PASHA Holding and the state Innovation and Digital Development Agency.
Innovation and Digital Development Agency (IDDA)
Government/Economic DevEstablished by Presidential Decree in 2021; a co-founder of Caucasus Ventures.
SUP.VC
AcceleratorOne of Azerbaijan's longest-running accelerators (founded 2015).
Georgia's Innovation and Technology Agency (GITA)
Government/Economic DevPartners with Bank of Georgia and 500 Global on the Georgia Startup Academy accelerator.
500 Global (500 Eurasia, Georgia)
AcceleratorBacked by a 500 Eurasia fund launched with Bank of Georgia and GITA in 2022.
Granatus Ventures
VCPositions itself as the first VC firm to back startups leveraging Armenia as an emerging tech hub.
Also funding Central Asia & Caucasus
These organizations are listed under another region in this directory but run programs, funds or offices that back founders across Central Asia & Caucasus. Worth a look if you are raising locally or planning to expand abroad.
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