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Top 15 Startup Investors in Uzbekistan

A list of 15 angel investors and VC 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 15 Startup Investors in Uzbekistan

Investor Uzbekistan investments
Sturgeon Capital 8
AloqaVentures 2
European Bank for Reconstruction and Development 2
FinSight Ventures 1
Quest Ventures 1
UzVC National Venture Capital fund 1
Battery Road Digital Holdings 1
MyAsia VC 1
Block0 1
Finnfund 1
Vector Crypto Capital 1
Tesla Capital 1
Le Mercier’s Capital 1
TaiwanICDF 1
Women Entrepreneurs Finance Initiative 1
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Investor list
Sturgeon Capital VC Fund · London, England, United Kingdom · 3 investments in the past 12 months
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
  • Cargon — A simple, fast and innovative industry leading service with powerful analytical tools.
  • 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.
  • Oasis — Oasis provide loans to small businesses and individual entrepreneurs.
AloqaVentures VC Fund · Tashkent, NA - Uzbekistan, Uzbekistan
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
  • Didox — Didox is a leading electronic document management platform in Uzbekistan, serving a vast network of over 250,000 organizations and 200,000 self-employed people.Didox offers comprehensive services for document management, streamlined purchases, increased sales, and simplified banking operations, catering to the needs of organizations inUzbekistan.
  • 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.
  • zypl.ai — zypl.ai applies 'no data' AI at scale to advance financial inclusion in emerging and frontier markets. Our SaaS solution enables banks and microfinance organizations to instantly and accurate underwrite loans, both offline and digitally, to consumers with limited or no credit history.zypl's proprietary approach includes training AImodels on synthetically generated data with simulation of 'black swan' conditions, providing stable and adaptable SaaS in spite of macro volatility in developing markets. Apart from analyzing traditional variables such as social, demographic, and professional background of clients, our SaaS reviews device metadata, psychometrics, web trace, and macroeconomic factors to arrive at credit decisions.In the process, we fully customize AI models to risk appetite of each individual enterprise partner with the goal of reflecting their competitive market advantages. Additionally, we offer complete flexibility on mode of integration through either cloud or on-premise deployment based on enterprise preference. We only deploy explainable AI models with embedded 'weight-of-evidence' interpretation of each decision made by the software, complying with emerging regulatory requirements on credit scoring.Having launched our beta last year, we have scaled presence to 10 enterprise clients in 4 markets across Central Asia. In this time, we have underwritten >$9 million in consumer and small business (services, trade, agriculture) loans to over 12 thousand consumers with staggeringly low 0.7% portfolio-at-risk rate. Since booking first revenue earlier this year, we have surpassed 25% compounded monthly growth rate and reached financial break-even this month.As a complement to credit scoring, our product team has ventured into churn prediction in telecom sector through partnerships with 3 leading telcos in Central Asia. Our rapid product iteration and development is a result of an AI Academy that we have launched to nurture talent internally.zypl.ai was ideated at Stanford University's Startup Garage and recently completed the Silkway Accelerator by Google for Startups and Astana Hub. Our startup was launched with a grant from the Islamic Development Bank as part of the Transform Fund. With our pre-seed capital raise, we plan on globalizing our AI SaaS solution by expanding to new markets in MENA, Southeast Asia, and Eastern Europe.
European Bank for Reconstruction and Development VC Fund · London, England, United Kingdom · 32 investments in the past 12 months
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
  • Allego — Discover the benefits of EV charging. Find out how Allego electric vehicle charging stations can enhance convenience and reduce emissions.
  • Ulker Biskuvi — Ulker Biskuvi manufactures chocolate, biscuits, crackers, chocolate-covered biscuits, cakes, cookies, and more. They are food manufacturers who manufacture biscuits and crackers for national and international markets.
  • Enefit Green AS — Enefit Green was established to unite all of the group's renewable energy production units into a single company. In addition to production units in Estonia, Enefit Green has a subsidiary in Latvia ‒ SIA Enefit Power and Heat Valka ‒ which produces electricity and heat in the town of Valka.
FinSight Ventures VC Fund · Palo Alto, California, United States · 2 investments in the past 12 months
Capital + Hiring + Infrastructure
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Investment focus
  • Financial Services, FinTech, Information Technology
  • 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.
  • Bimaplan — Bimaplan's full-stack embedded insurance platform simplifies distribution by providing end-to-end insurance integration for a seamless digital experience.
  • Paxton AI — Regulatory Intelligence, with the speed of Generative AI.
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
UzVC National Venture Capital fund VC Fund · Tashkent, NA - Uzbekistan, Uzbekistan
UzVC is a state fund of funds to develop the local VC and a startup ecosystem.
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Investment focus
  • EdTech, Software, Education
  • Seed, Pre-Seed
  • Uzbekistan
Portfolio highlights
  • Modme — O`quv markazlarini avtomatlashtirish platformasi
  • TASS VISION — TASS VISION is an artificial intelligence tool that helps to increase by 15% revenue of retailers via providing in-store analytics. Available to any retailer, our solution helps to reduce routine tasks, optimize internal process, improve the customer experience, increase sales and profit now. In the future we are planning to provide full autonomouscheckout free technology any size of retailer.TASS VISION was founded in 2019 and it is based in Tashkent city, Uzbekistan.
Battery Road Digital Holdings VC Fund · Mumbai, Maharashtra, India
Frontier Markets venture capital
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Investment focus
  • E-Commerce, Payments, Financial Services
  • Seed, Series A, Funding Round
  • Egypt, Singapore, India
Portfolio highlights
  • zypl.ai — zypl.ai applies 'no data' AI at scale to advance financial inclusion in emerging and frontier markets. Our SaaS solution enables banks and microfinance organizations to instantly and accurate underwrite loans, both offline and digitally, to consumers with limited or no credit history.zypl's proprietary approach includes training AImodels on synthetically generated data with simulation of 'black swan' conditions, providing stable and adaptable SaaS in spite of macro volatility in developing markets. Apart from analyzing traditional variables such as social, demographic, and professional background of clients, our SaaS reviews device metadata, psychometrics, web trace, and macroeconomic factors to arrive at credit decisions.In the process, we fully customize AI models to risk appetite of each individual enterprise partner with the goal of reflecting their competitive market advantages. Additionally, we offer complete flexibility on mode of integration through either cloud or on-premise deployment based on enterprise preference. We only deploy explainable AI models with embedded 'weight-of-evidence' interpretation of each decision made by the software, complying with emerging regulatory requirements on credit scoring.Having launched our beta last year, we have scaled presence to 10 enterprise clients in 4 markets across Central Asia. In this time, we have underwritten >$9 million in consumer and small business (services, trade, agriculture) loans to over 12 thousand consumers with staggeringly low 0.7% portfolio-at-risk rate. Since booking first revenue earlier this year, we have surpassed 25% compounded monthly growth rate and reached financial break-even this month.As a complement to credit scoring, our product team has ventured into churn prediction in telecom sector through partnerships with 3 leading telcos in Central Asia. Our rapid product iteration and development is a result of an AI Academy that we have launched to nurture talent internally.zypl.ai was ideated at Stanford University's Startup Garage and recently completed the Silkway Accelerator by Google for Startups and Astana Hub. Our startup was launched with a grant from the Islamic Development Bank as part of the Transform Fund. With our pre-seed capital raise, we plan on globalizing our AI SaaS solution by expanding to new markets in MENA, Southeast Asia, and Eastern Europe.
  • 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
MyAsia VC VC Fund
MyAsia VC
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Investment focus
  • Financial Services, FinTech, E-Commerce
  • Seed, Pre-Seed, Series A
  • India, United States, Kenya
Portfolio highlights
  • Deciml — Deciml is an investment app in India that enables Indians to start investing young by investing the spare change from their online transactions. Download App.
  • Neem — Neem is an embedded finance platform enabling Financial Wellness for underbanked communities across emerging markets, starting in Pakistan.
  • 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.
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.
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, FinTech, Energy
  • Debt Financing, Funding Round, Series B
  • Kenya, India, South Africa
Portfolio highlights
  • Access Bank — Access Bank provides banking products and services to individual and business customers in Ghana. It offers standard savings and current, access advantage, solo, and premier accounts. The company also provides online banking services that include ATM, online access, and point-of-sale terminal services; and bills payment and Western Union moneytransfer services.
  • Ipak Yuli Bank — Kredir, Karta, Visa virtual, Omonat, Valyuta kurslari, Avtokredir, Pul o`tkazmalari
  • Kentegra Biotechnology Holdings LLC — Kentegra Biotechnology Holdings is a leading U.S-Kenyan company that supports a Kenyan-based biopesticide processing business that aggregates, extracts, and refines pale refine extract (PRE) from the pyrethrum flower, and sells the PRE to formulators across the world. Kentegra is committed to improving farmer’s livelihoods by investing in thecommunities where we are working to help farmers and their families have a more stable income and better quality of life.Grants: Norad 2021, AgriFi 2020, USAID 2020, USAID 2019, DEG 2020, DEG 2019
Vector Crypto Capital VC Fund
Investments in the Future of Money
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Investment focus
  • E-Commerce, Financial Services
  • Seed
  • Uzbekistan
Portfolio highlights
  • IMAN — One-stop shop for Halal investing
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
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
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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Investment focus
  • Debt Financing
  • Uzbekistan
Portfolio highlights
  • Milk Euro Food — Milk Euro Food is the producer and distributor of butter, spreads, and margarine in Central Asia.
Women Entrepreneurs Finance Initiative VC Fund · Washington, District of Columbia, United States
We-Fi is collaborative partnership among government.
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Investment focus
  • Banking
  • Debt Financing
  • Uzbekistan
Portfolio highlights
  • Ipoteka Bank — Ipoteka 94% state-owned bank, is fully involved in policy reforms and state development programs in Uzbekistan.
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