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Astana, Kazakhstan • 24 May, 2024 | 11:18
less than 1 min read

Kazakh Venture Capital Market Surges Fivefold to $80 Million

Leading sectors include fintech and e-commerce

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Freepik/jannoon028

In 2023, Kazakhstan's venture capital market reached $80 million in investments across 55 deals, QazMonitor reports citing the Ministry of Digital and Space.

Venture market overview: The local venture capital market has experienced significant growth, expanding fivefold over the last six years. Leading this growth is the fintech sector, which continues to attract substantial investment due to its innovative potential. E-commerce platforms and marketplaces have also seen considerable growth, spurred by investments from large corporations.

  • Notable recipients of venture capital in Kazakhstan include OneVision, Clockster, Easytap, CTOgram, CerebraAI, UvU, Kwaaka, BPMTracker, Porte, Hero's Journey, Codiplay, and JobEscape.

  • Key players in Kazakhstan's venture capital market are Most Ventures, Big Sky Capital, Tumar Venture Fund, EA Group, Quest Ventures, Jas Ventures, Nomad VC, Activat VC, 500 Ventures, Qazaqstan Investment Corporation, MyVentures, Tech Garden Ventures, Almak Capital Investment Firm, Falconry, InDrive New Ventures, Baiterek Venture Fund, and QazTech Venture.

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