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Top 20 Startup Investors in Uzbekistan in May 2026

A list of 20 angel investors and VC (Venture Capital) funds that invest in startups based in Uzbekistan. We rank investors based on the number of investments they made in companies from Uzbekistan. We update this investor list every month.

Top 20 Startup Investors in Uzbekistan in May 2026

Investor Uzbekistan investments
Sturgeon Capital 8
UzVC National Venture Capital fund 5
European Bank for Reconstruction and Development 2
FinSight Ventures 2
Caucasus Ventures 2
AloqaVentures 2
Block0 1
MyAsia VC 1
Quest Ventures 1
Tesla Capital 1
Le Mercier’s Capital 1
Anvarjon Musaev 1
Battery Road Digital Holdings 1
Xanara 1
VR Capital Group 1
Activat VC 1
TaiwanICDF 1
Vchasno Group 1
Tencent 1
Finnfund 1

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Investor list
Sturgeon Capital
VC Fund · London, England, United Kingdom

Unique investment funds for those who believe the best opportunities for profit, impact, and innovation can be found in frontier & emerging markets.

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Investment focus

  • FinTech, Software, E-Commerce
  • Seed, Series A, Pre-Seed
  • Uzbekistan, Pakistan, Bangladesh

Portfolio highlights

  • KLIPY — Discover KLIPY, the largest library of localized GIFs, Memes, Stickers and Clips! Make your conversations fun and expressive with the best content.
  • DealCart — DealCart enables users to buy their favorite products in groups by allowing users to buy in groups and sharing deals on WhatsApp and other social media platforms.
  • PeopleForce — PeopleForce is one of the BEST and fastest growing online HR Software service provider, we consist​ of highly qualified and experienced members with dedicated team. we love the fact that our solution and software is making HR service more convenient and easy for our customer. Our Product Include Applicant Tracking Software: Our service help youfind the right person more faster and easier Staff Onboarding: Every phase of onboarding process with a new employer is important. By using our onboarding software you will increase employee retention and save more money and stress. Leave tracking: Leave tracking will help you to easily record leave for holidays, vacations, half-day etc.Electronic signatures: Tool to sign your documentHR Reporting: This prove report on all employee on annual salary and current employment status with date range.Performance management: Measure the effective and efficient manner to employee process that enhances your employee’s performance through aligned goals and development. employee directory: Employer master database, thus providing all the information about employee. Custom workflows: Design a custom workflow to fit your organization needs. At PeopleForce , we understand the difficulties in getting the best hands. We also understand the necessity to use good and reliable software and service. We're here to help all of our customers and their unique needs. PeopleForce we “OFFER THE BEST”
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UzVC National Venture Capital fund
VC Fund · Tashkent, NA - Uzbekistan, Uzbekistan · 1 investment in the past 12 months

UzVC is a state fund of funds to develop the local VC and a startup ecosystem.

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Investment focus

  • EdTech, Education, Computer Vision
  • Seed, Pre-Seed
  • Uzbekistan, Georgia

Portfolio highlights

  • Cargon — A simple, fast and innovative industry leading service with powerful analytical tools.
  • Mohirdev — Mohirdev is an online education platform aiming to provide high quality education materials to future engineers.
  • TASS Vision — A startup company specializing in computer vision based on artificial intelligence and embedded technologies. The company develops and implements technologies such as recognition, detection, tracking and classification, which runs on small embedded computers. In other words: A company that is essentially your second eyes.The company was foundedin 2019.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.

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Investment focus

  • Financial Services, Banking, Finance
  • Debt Financing, Post-IPO Debt, Funding Round
  • Turkey, United States, Poland

Portfolio highlights

  • Akbank — Akbank is a commercial bank providing financing to cotton producers.
  • Preply — Looking for a tutor? Preply is the best platform for private online lessons with a flexible payment system and affordable prices. Book your first lesson.
  • Bank Of Africa — BMCE Bank of Africa offers banking products for individuals, professionals, Moroccans living abroad.A confirmed upward trend, such is the result of the 2014 financial year, bringing out the consolidation of the financial base of BMCE Bank of Africa Group, with its earning power growing stronger year by year.This was recently againdemonstrated by the record reached by the Net Income Attributable to the Parent, standing at MAD 1.944 billion, just under the bar of MAD 2 billion, accounting for more than the double of the amount of 2011, thus providing proof of concept for the Group’s strategic policy orientations, both in Morocco and abroad.Combined with the broader diversification of the business sectors, this performance further reflect the rising power of the Group, which is gaining a firmer foothold in Subsaharan Africa, inter alia through, the launch this year of the African Entrepreneurship Award, a competition with strong economic and social impact.Today, we have reached a new milestone in the development of BMCE Bank, which is gathering further strength as a continental Group, leveraging this powerful « Bank of Africa » brand name by coupling it with our prestigious BMCE Bank brand. « BMCE Bank of Africa » reflects our desire to extend our continental reach by setting up new establishments more especially in English-speaking and Portuguesespeaking parts of Africa.As a Maghrebian and Pan-African Group, our corporate responsibility is evidenced by all the commitments of our subsidiaries, acting as the operational and efficient vehicle. Whether this relates to financing of developmental projects or to community-based actions geared to promote financial inclusion, the Group, in its African dimension, has managed to position itself as a key player, highly involved in the economic, social and environmental development of the 30 countries where we are doing business.As part of 60th anniversary of the Independence of Morocco, 2015 will see the celebration of the 55th anniversary of the creation of Banque Marocaine du Commerce Extérieur, as well as the 20th anniversary of its privatization. We are confident that on these auspicious occasions, the accomplishments made by BMCE Bank and its subsidiaries will be far more striking, living up to the expectations of their shareholders, in line with the stature and the national and international outreach of BMCE Bank of Africa Group.
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FinSight Ventures
VC Fund · Palo Alto, California, United States · 1 investment in the past 12 months

Capital + Hiring + Infrastructure

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Investment focus

  • Financial Services, FinTech, Finance
  • Series A, Seed, Pre-Seed
  • United States, India, Russian Federation

Portfolio highlights

  • Uzum — Uzum is a digital services ecosystem to facilitate business growth, online shopping, convenient payments, and help with other day-to-day household tasks.
  • Dubformer — All-in-one tool: Go global effortlessly with monetization-ready dubbing that sounds like real humans. Cost-effective AI localization.
  • Superfone — Superfone is an All-in-One business phone and CRM app for SMBs. Calls, Whatsapp, Marketing, CRM everything in one powerful app made for your entire team. Track team activity, sales and get controls.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 5 investments in the past 12 months

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Artificial Intelligence, Software, Financial Services
  • Seed, Pre-Seed, Series B
  • United States, Georgia, Azerbaijan

Portfolio highlights

  • Clopos — Clopos provides next-generation solutions that simplify and automate work in restaurants and other food businesses, making management more convenient and efficient
  • TASS Vision — A startup company specializing in computer vision based on artificial intelligence and embedded technologies. The company develops and implements technologies such as recognition, detection, tracking and classification, which runs on small embedded computers. In other words: A company that is essentially your second eyes.The company was foundedin 2019.
  • Glacies Biome — We unlock the personalized facial microbiome to redefine precision skincare, combining sequencing science, AI insights, and personalized routines.
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AloqaVentures
VC Fund · Tashkent, NA - Uzbekistan, Uzbekistan · 1 investment in the past 12 months

AloqaVentures is corporate venture fund of Aloqabank that invests in pre-seed and seed stage startups

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Investment focus

  • SaaS, FinTech, Artificial Intelligence
  • Seed, Pre-Seed
  • Tajikistan, Uzbekistan

Portfolio highlights

  • Push30 — Push30 is a mobile fitness application which provides corporate benefits to its users providing unlimited access to gyms and fitness venues with a single membership. The goal of the application is to restructure the fitness industry, encourage fitness culture in Azerbaijan and become a household name for fitness across the country.
  • Delever — Delever is an automation platform for delivery that assists businesses of various sizes in efficiently managing resources, scaling up, establishing quality communications with customers, increasing profits, and delivering orders as quickly as possible right to the doors of their consumers.
  • Unitlab — Accelerate your data annotation process by 15x faster with auto-annotation tools and improve quality through collaborative annotation. Unitlab Annotate is a collaborative and AI-powered data annotation platform, offering on-premises solutions and integrated labeling services.
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Block0
VC Fund · Walhain, Brabant Wallon, Belgium

Block0 is a Belgian IT company specialized in blockchain and decentralized technologies.

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Investment focus

  • Financial Services, Finance, Internet
  • Seed, Series A
  • India, Singapore, Uzbekistan

Portfolio highlights

  • IMAN — One-stop shop for Halal investing
  • Bastion — Bastion is a lending, borrowing and exchange protocol built on Aurora, the Ethereum-compatible layer of the Near blockchain.
  • Infinity Exchange — Infinity is an Institutional Money Markets protocol with the most efficient market-making mechanism across DeFi.
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MyAsia VC
VC Fund

MyAsia VC

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Investment focus

  • Financial Services, FinTech, Software
  • Seed, Pre-Seed, Series A
  • India, United States, Kenya

Portfolio highlights

  • Neem — Neem is an embedded finance platform enabling Financial Wellness for underbanked communities across emerging markets, starting in Pakistan.
  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.
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Quest Ventures
VC Fund · Singapore, Central Region, Singapore

Quest Ventures is a top venture capital firm in Asia. For entrepreneurs: venture capital. For enterprises: applied innovation. For ecosystems: accelerate.

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Investment focus

  • E-Commerce, Software, Information Technology
  • Seed, Pre-Seed, Series A
  • Singapore, Malaysia, Kazakhstan

Portfolio highlights

  • ZumVet — ZumVet provides access to affordable and convenient veterinary care through video calls and medication delivery. They are passionate about animals and want them to get the best possible care by offering video consults, referrals, home visits, and emergency services. It was incorporated in 2019 and is based in Singapore.
  • Ion Mobility — Ion Mobility is a tech-driven all-electric mobility company tackling a challenging and complex space.
  • Smoothly — Mobile app helping working millennials sleep better, wake up refreshed and increase energy with science-backed breathing exercises
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Tesla Capital
VC Fund · Singapore, Central Region, Singapore

Tesla Capital is an early stage venture capital firm.

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Investment focus

  • E-Commerce, Financial Services
  • Seed
  • Uzbekistan

Portfolio highlights

  • IMAN — One-stop shop for Halal investing
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Le Mercier’s Capital
VC Fund · Singapore, Central Region, Singapore

Le Mercier’s Capital is a single family office which invests both strategically and opportunistically in growth capital situations.

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Investment focus

  • E-Commerce, Financial Services
  • Seed
  • Uzbekistan

Portfolio highlights

  • IMAN — One-stop shop for Halal investing
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Anvarjon Musaev
Angel

Anvarjon Musaev

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Investment focus

  • Software, Cloud Storage, Private Cloud
  • Pre-Seed
  • Uzbekistan

Portfolio highlights

  • Hyper App - Enterprise Cloud — Central Asian Enterprise Cloud Service Provider powered by Gartner's best stack of technologies. Hyper App is the cloud that gives the freedom and power for executing online projects on fast and secure way.
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Battery Road Digital Holdings
VC Fund · Mumbai, Maharashtra, India

Battery Road Digital Holdings is a venture capital and private equity firm that focuses on frontier and emerging markets.

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Investment focus

  • E-Commerce, Transportation, Payments
  • Seed, Series A, Funding Round
  • Egypt, Singapore, India

Portfolio highlights

  • zypl.ai — We help financial institutions, government entities make more accurate decisions
  • AwanTunai — AwanTunai seek to reinforce Indonesian needs and productivity by providing digital loan for a better financial freedom and capability to micro-entrepreneurs
  • IMAN — One-stop shop for Halal investing
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Xanara
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates

Award-winning multi-family office, winner of Best Portfolio Management 2024. We offer Wealth Management, Investment Advisory & Asset Management.

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Investment focus

  • Software, Digital Marketing, Business Development
  • Series A
  • Uzbekistan

Portfolio highlights

  • Uzum — Uzum is a digital services ecosystem to facilitate business growth, online shopping, convenient payments, and help with other day-to-day household tasks.
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VR Capital Group
VC Fund · New York, New York, United States · 1 investment in the past 12 months

VR Capital Group offers global emerging markets, distressed securities, employment opportunities and asset management services.

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Investment focus

  • Software, Digital Marketing, Business Development
  • Series A
  • Uzbekistan

Portfolio highlights

  • Uzum — Uzum is a digital services ecosystem to facilitate business growth, online shopping, convenient payments, and help with other day-to-day household tasks.
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Activat VC
VC Fund

Venture Fund

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Investment focus

  • Artificial Intelligence, B2B, SaaS
  • Pre-Seed
  • United States

Portfolio highlights

  • PLATMA — PLATMA is a workspace for developing low/no-code solutions with ready-made constructors that reduce the need for large resources and decrease time to market
  • Aino — AI-powered site analysis for real estate professionals. Generate feasibility studies with quantified metrics, maps, cost estimates, and zoning insights in minutes, no GIS or coding required.
  • TASS Vision — A startup company specializing in computer vision based on artificial intelligence and embedded technologies. The company develops and implements technologies such as recognition, detection, tracking and classification, which runs on small embedded computers. In other words: A company that is essentially your second eyes.The company was foundedin 2019.
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TaiwanICDF
VC Fund · Taipei, T'ai-pei, Taiwan

TaiwanICDF is dedicated to boosting socio-economic development, enhancing human resources, and promoting economic relations in a range of developing partner countries. We also offer humanitarian assistance and provide aid in the event of natural disasters or international refugee crises.

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Portfolio highlights

  • Gojo & Company — We are enabling financial inclusion for everyone by partnering with financial service providers.
  • Milk Euro Food — Milk Euro Food is the producer and distributor of butter, spreads, and margarine in Central Asia.
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Vchasno Group
VC Fund · Kyiv, Kyyiv, Ukraine

Vchasno Group is a group of Ukrainian product IT companies that create digital solutions for business and the state.

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Portfolio highlights

  • Hippo.uz — Hippo.uz is an ecosystem of services for businesses.
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Tencent
VC Fund · Shenzhen, Guangdong, China

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

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Investment focus

  • Software, Financial Services, E-Commerce
  • Series B, Series A, Series C
  • China, United States, United Kingdom

Portfolio highlights

  • Udaan — Udaan is a B2B trade platform that brings manufacturers, traders, retailers, and wholesalers into a single platform. The platform is about making business easy in India, about making B2B commerce convenient and efficient. They believe B2B is the new B2C in India. It connects retailers with wholesalers and traders who sell more than 15 lakh productsranging across categories from electronics and apparel to grocery and fresh produce.Udaan chat feature allows users to have a personal and secure conversation in real-time, in a language of your choice. It enables a direct connection between buyers and sellers which allows one-on-one discussions to negotiate terms of trade between transacting parties. India has 50m+ SMBs, who form the core of the Indian economy and society. They are the entrepreneurial pulse of India. They believe the internet is a great equalizing platform. They want to bring their energies together in bringing the power of the Internet to these millions of entrepreneurs.Udaan was founded in 2016 and is headquartered in Bangalore, Karnataka, India.
  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Full Truck Alliance — Full Truck Alliance is a platform that connects shippers with truckers to facilitate shipments across distance ranges and cargo weights. its revenues principally from shippers' and truckers' use of its platforms in connection with freight matching services.
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Finnfund
VC Fund · Helsinki, Southern Finland, Finland

Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

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Investment focus

  • Financial Services, Energy, FinTech
  • Debt Financing, Funding Round, Series B
  • Kenya, India, South Africa

Portfolio highlights

  • Igloo — As a top insurtech company, Igloo makes insurance easy across Southeast Asia by working with reputable insurers and distribution partners.
  • Netwey — Netwey is a telecommunications company that offers services including mobile internet, internet home, and telephony.
  • TPL Insurance — TPL Insurance is a Pakistan's first direct insurance company that take care of all insurance related matters.
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