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Top 15 VC Funds & Investors in Azerbaijan (June 2026)

The most active venture capital funds investing in Azerbaijan startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Azerbaijan startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Sup VC
VC Fund
8 Azerbaijan Seed Internet, Social, Apps $5k–$12k
Caucasus Ventures
VC Fund
3 United States, Georgia, Azerbaijan Seed, Pre-Seed, Series B Artificial Intelligence, Software, Financial Services $50k–$2.5M
SABAH INVESTMENTS LLC
VC Fund
2 Azerbaijan Pre-Seed
European Bank for Reconstruction and Development
VC Fund
2 Turkey, Egypt, United States Debt Financing, Post-IPO Debt Financial Services, Banking, Finance $4.8M–$300M
Backup Ventures
VC Fund
1 Azerbaijan Seed, Pre-Seed Internet, Software, Digital Marketing
BlueOrchard Finance S A
VC Fund
1 India, Nigeria, Vietnam Debt Financing, Post-IPO Debt, Series A Financial Services, Finance, FinTech $3M–$220M
Azeo Ventures
VC Fund
1 France, Azerbaijan Series A, Series C Software, Marketing, 3D Technology
Allegory Labs
VC Fund
1 United States, Estonia, Germany Seed, Pre-Seed GreenTech, Blockchain, FinTech $2.5M–$2.7M
Flori Ventures
VC Fund
1 United States, United Kingdom, India Seed, Pre-Seed Blockchain, FinTech, Cryptocurrency $100k–$11M
White Hill Capital
VC Fund
1 Azerbaijan, Tajikistan, Saudi Arabia Seed, Pre-Seed SaaS, Artificial Intelligence, B2B $300k–$2M
Enabling Qapital
VC Fund
1 India, Uganda, Azerbaijan Debt Financing, Venture - Series Unknown Financial Services, Banking, Finance $7M–$267M
responsAbility Investments AG
VC Fund
1 India, Indonesia, Vietnam Debt Financing, Series B Financial Services, Finance, FinTech $1.2M–$80M
Advent Venture Partners
VC Fund
1 United Kingdom, United States, Switzerland Series B, Series A Biotechnology, Health Care, Software $6.6M–$50M
DAAL
VC Fund
1 Egypt, Tunisia, United Arab Emirates Seed, Series A, Convertible Note Software, E-Commerce, Information Technology $100k–$3.3M
Aalto Startup Center
VC Fund
1 Azerbaijan Angel
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Sup VC
VC Fund · 8 investments in Azerbaijan startups

Investment focus

  • Industry: Internet, Social, Apps
  • Stage:Seed
  • Geography: Azerbaijan

Investor stats

  • Total investments: 9
  • Round size: Seed $5k–$12k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • D’arzi — D’arzi is a social platform for tailors and dress-makers to create appropriate model in few clicks measuring body sizes for clothing by using designer-constructor software. In addition, it allows customers to place an order for that tailored product.
  • TaskPal — Taskpal is a task management tool
  • Customar LLC — CustomAR is a professional team with a straight vision and innovative touch, deeply-rooted in the digital community. They go beyond the development process to ensure product success. They help their clients to market, scale and improve their product ideas. They are technological craftsmen.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 3 investments in Azerbaijan startups

Caucasus Ventures is a venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 38
  • Round size: Seed $106k–$1.7M; Pre-Seed $50k–$2.5M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Replenit — Transform your repeat purchase revenue with Replenit's AI Decision Engine. Predict exactly when customers need to reorder based on individual consumption pat...
  • 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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SABAH INVESTMENTS LLC
VC Fund · 2 investments in Azerbaijan startups

SABAH.lab is a startup acceleration center focused on helping startups get through idea validation, MVP production, and fundraising. We aim to establish a flourishing startup ecosystem in Azerbaijan and the region.

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Investment focus

  • Stage:Pre-Seed
  • Geography: Azerbaijan

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • AzAstro Technologies — We program drones to gain the most accurate aerial data intelligence for both private and public sector organizations
  • Perkskit — Perkskit believe now it is a great opportunity to transform the corporate perks system and to help employees feel more appreciated. We empower businesses to create a streamlined employee experience to maximize HR investments and drive core business results.
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European Bank for Reconstruction and Development
VC Fund · London, England, United Kingdom · 2 investments in Azerbaijan startups

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

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Turkey, Egypt, United States

Investor stats

  • Total investments: 271
  • Round size: Post-IPO Debt $18M–$210M; Debt Financing $4.8M–$300M
  • Lead/follow: 72% lead, 28% follow

Portfolio highlights

  • Hellas Direct — Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and artificial intelligence. The Cyprus-based company is backed by a roster of leading investors, including Portag3, IFC (a member of the World Bank), Endeavor Catalyst, former Goldman Sachs economist Lord O’Neill and private equity veteran JonMoulton. Modelling itself on Amazon, Hellas Direct aims to disrupt the insurance value chain by adopting an extreme focus on operational excellence.
  • Virya Renewables — Virya Renewables is a new renewable energy platform established by Virya Energy in Poland. It develops large-scale solar PV, battery storage, and onshore wind projects.
  • National Bank of Greece — The term i-bank adopted in April 2009 as a single name for all electronic service networks of the National Bank (Internet, Phone & Mobile Banking, ATM and Automated Payment -APS).Through the site of i-bank participate in contests with great prizes , learn the latest news from the world of technology , innovation and entrepreneurship and youthinformed about events in the i-bank store and the latest developments of the Contest «i -bank Innovation & Technology " .
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Backup Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Azerbaijan startups

BackupVC is a forward-thinking venture capital firm dedicated to empowering early-stage startups and visionary entrepreneurs. We go beyond traditional funding, providing a comprehensive suite of essential services including strategic capital investment, expert accounting guidance, crucial legal support, and cutting-edge software developmentresources. Our mission is to act as the ultimate "backup" for your venture, ensuring you have the robust foundation, expert counsel, and technical capabilities needed to navigate challenges, accelerate growth, and achieve long-term success. At BackupVC, we invest in your potential and build alongside you.

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Investment focus

  • Industry: Internet, Software, Digital Marketing
  • Stage:Seed, Pre-Seed
  • Geography: Azerbaijan

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KoliPlus
  • Relink — Single short link or QR code that directs users to your app or webpage, whether it's on the Apple App Store, Google Play, Huawei AppGallery, Microsoft Store, or just a website.
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BlueOrchard Finance S A
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Azerbaijan startups

BlueOrchard leads in Global Impact Investing, empowering people and protecting the planet through innovative, purpose-driven solutions.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Post-IPO Debt, Series A
  • Geography: India, Nigeria, Vietnam

Investor stats

  • Total investments: 42
  • Round size: Series A $11M–$46M; Post-IPO Debt $5M–$220M; Debt Financing $3M–$99M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Previsico — Discover Previsico's real-time flood forecasting solutions, designed to mitigate risks for businesses and communities worldwide.
  • Pula Advisors — Pula is an insurance intermediary that implements data driven agricultural insurance. Pula assists hundreds of thousands of small-scale farmers across 6 countries in Africa. Farmers are able to safeguard their crops and invest in their farms through financial tools that take advantage of the rising use of mobile technology.
  • Naked Insurance — The new way to cover your stuff: savings & convenience through AI. Naked Insurance offers online insurance for car, home and contents. Get a quote in 90 seconds!
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Azeo Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Azerbaijan startups

As of October 2002, Azeo Ventures was acquired by Alven Capital Gestion. Azeo Ventures is a venture capital investment subsidiary of Eurazeo, a French investment company born of the merger between Eurafrance (Groupe Lazard) and Azeo (formerly known as Financiere & Industrielle Gaz et Eaux). The fund is dedicated to investing in the new economyfor the total amount of $55 million. Azeo Ventures invests in start-up and early venture companies in Internet services, technology and telecommunications. Their typical investment is between $1 million and $7 million per portfolio company (from the 1st round of financing until the introduction to the Stock Exchange). AZEO Ventures team generally requests a seat on the board of directors of the companies in which it invests. Founded in 2000, the company is headquartered in Paris, France. Azeo Ventures was formerly a subsidiary of Eurazeo.

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Investment focus

  • Industry: Software, Marketing, 3D Technology
  • Stage:Series A, Series C
  • Geography: France, Azerbaijan

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 404 Found! — 404 Found offered customer relationship management services and software, and online marketing. The company ended its operations in 2002 in the aftermath of the bubble burst. At its peak, 404 Found! operated in France, Italy, Spain, Germany and the UK.The company helped start ups to define their Internet strategy and operational deployment byconducting sectoral studies, competing positioning, schedule of conditions, etc. In 2001, the consulting division of 404 Found! was acquired by Deloitte & Touche.
  • Realviz SA — REALVIZ develops and markets interactive 2D image processing and 3D modeling tools for computer graphics professionals in the television advertising and programming, feature films, and corporate presentation market. REALVIZ applications enable users to easily and cost-effectively process 2D photos, video and cinematic images into computer-generatedimages, sequences, 3D camera tracks and 3D models for use in the creation of 3D animation and special effects.
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Allegory Labs
VC Fund · New York, New York, United States · 1 investments in Azerbaijan startups

Allegory Labs is an investment company that invests and builds at the intersection of web3 and climate.

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Investment focus

  • Industry: GreenTech, Blockchain, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, Estonia, Germany

Investor stats

  • Total investments: 6
  • Round size: Seed $2.5M–$2.7M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Thallo — Thallo is a Carbon Credit Marketplace that is run on the blockchain. We offer businesses and individuals a place to purchase carbon credits.
  • Return Protocol — Stake your crypto for perpetual climate impact. Show the world with a dynamic Soulbound Token.
  • Solid World — A DAO that will create new carbon projects
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Flori Ventures
VC Fund · San Francisco, California, United States · 1 investments in Azerbaijan startups

More than a seed-stage fund and a portfolio of startups: Our community of founders taps into the power of financial innovation to collaborate around global problems and unlock prosperity for all.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 100
  • Round size: Seed $250k–$11M; Pre-Seed $100k–$3.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Mento Labs — Mento Labs is a decentralized EVM platform for launching and managing multi-currency stable assets.
  • Learn.xyz — Learn.xyz’s is a mixture of Duolingo and Wikipedia, powered by AI, creating bite-sized “Curiosities” which feature slides and a quiz, in mere seconds just from taking in a user’s question. Find the app on iOS and Android.
  • Thrive Protocol — Thrive Protocol's vision is to maximize value creation for all people and communities.
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White Hill Capital
VC Fund · Astana, Astana, Kazakhstan · 1 investments in Azerbaijan startups

We invest in fast-growing technology companies at various stages around the world

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Investment focus

  • Industry: SaaS, Artificial Intelligence, B2B
  • Stage:Seed, Pre-Seed
  • Geography: Azerbaijan, Tajikistan, Saudi Arabia

Investor stats

  • Total investments: 8
  • Round size: Seed $300k–$2M; Pre-Seed $500k–$1.2M
  • Lead/follow: 50% lead, 50% follow

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
  • 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.
  • AILA — AILA is an innovative ed-tech startup dedicated to reshaping the landscape of education by harnessing the transformative power of artificial intelligence. Its mission is to create dynamic and personalized learning experiences that cater to the unique needs of each student. By integrating advanced AI technologies, we aim to enhance educationaloutcomes, foster engagement, and empower learners to reach their full potential. Through our solutions, we seek to bridge gaps in accessibility and provide educators with the tools they need to inspire and motivate the next generation
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Enabling Qapital
VC Fund · 1 investments in Azerbaijan startups

Investment focus

  • Industry: Financial Services, Banking, Finance
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: India, Uganda, Azerbaijan

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $7M–$267M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Rabitabank — Rabitabank offers comprehensive digital banking and financial services to individuals and businesses for development in the future.
  • Premier Credit — Premier Credit provides financial solutions to corporates, governments, and individual entrepreneurs.
  • Samunnati — Driven by a passion to become enablers of the value chain of the agricultural finance sector, Samunnati offers advisory support and agriculture loans.
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responsAbility Investments AG
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Azerbaijan startups

Impact investment products - fight climate change, drive sustainable food systems & create a more inclusive world without compromising returns.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Debt Financing, Series B
  • Geography: India, Indonesia, Vietnam

Investor stats

  • Total investments: 73
  • Round size: Series B $1.2M–$29M; Debt Financing $6.1M–$80M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • eFishery — eFishery is an internet of things startup for fish/shrimp farming. The company builds technology solutions from smart feeding, cloud-based dashboard, and data platform to help the fish/shrimp farmers to grow their business sustainably. eFishery is trying to solve the biggest problem from one of the most crucial and fastest-growingindustries in the world: aquaculture.
  • Bike Bazaar — Bike Bazaar is a two-wheeler life cycle company where you can buy, sell, exchange any two-wheeler or avail finance for your vehicle. The company provides a range of affordable solutions and hassle-free experience along the two wheeler lifecycle, which include financing to purchase new and pre owned two wheelers, access to green bikes, insurance,and a transparent marketplace for buying and selling of preowned two wheelers.Bike Bazaar was founded in 2017 and is located in Pune, Maharashtra, India.
  • BluSmart Mobility — Blu Smart Mobility is a provider of electric shared smart mobility platform for transportation. Blu Smart is an all-electric, shared, and smart mobility platform for ride-sharing, car-sharing, and scooter-sharing. Blu Smart is a 100% electric mobility platform that partners with electric vehicle manufactures.
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Advent Venture Partners
VC Fund · London, England, United Kingdom · 1 investments in Azerbaijan startups

Advent Venture Partners is one of Europe's most successful growth and venture capital investors in market-leading tech and life sciences businesses. They have designed their strategy, teams and funds so they can focus on backing a select few companies. They pride their selves on establishing true partnerships with entrepreneurs in order tobuild valuable businesses together.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series B, Series A
  • Geography: United Kingdom, United States, Switzerland

Investor stats

  • Total investments: 91
  • Round size: Series A $6.6M–$26M; Series B $7M–$50M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $25M in 2019

Portfolio highlights

  • Wiz — Organizations of all sizes and industries use Wiz to rapidly identify and remove the most critical risks in AWS, Azure, GCP, and Kubernetes so they can build faster and more securely.
  • OpenCloud — Our cloud native software solutions dramatically improve operator business models and help quickly create new revenue-generating services.
  • Acutus Medical — Acutus Medical develops medical technologies to treat complex cardiac arrhythmia. The company's platform displays the heart’s true activation pattern, turning the chaos of a complex arrhythmia into a clear vision for electrophysiologists.Acutus Medical is a privately funded company founded in 2011 and based in Carlsbad, California. Itsproducts are co-developed in the U.S. and Europe with an exceptional team of medical scientists, biomedical engineers, and other professionals.It was founded in 2011 and headquartered in Carlsbad, California.
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DAAL
VC Fund · Al Khobar, Ash Sharqiyah, Saudi Arabia · 1 investments in Azerbaijan startups

The aim of Daal is to create excellent opportunities for investment by providing mentorship and business development insights to companies within the IT space.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Series A, Convertible Note
  • Geography: Egypt, Tunisia, United Arab Emirates

Investor stats

  • Total investments: 19
  • Round size: Seed $100k–$3.3M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Pulppo — Pulppo is the first Tech Enabled broker for Latin America. We partner with the best brokers in the region and empower them with tools, technology and resources to create a simple and transparent buying process. Pulppo was founded by Agustin Iglesias, former GM of Inmuebles24 and founder of Tokko Broker (Acquired by Navent) and Matias Gath, formerGM of Glovo in Argentina and founder of Kadabra (acquired by Glovo).
  • Kamioun — Kamioun is a mobile platform that connects FMCG manufacturers to local retail shops by fast free delivery of inventory.
  • Paper.id — Atur tempo pembayaran bisnis serta kirim & terima pembayaran dengan kartu kredit, invoice juga langsung sah dengan e-Meterai. Coba Sekarang!
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Aalto Startup Center
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Azerbaijan startups

Aalto Startup Center runs a Business Generator program for startups in Espoo, Finland. They offer their services to startups at the beginning of their journey. Business Generator model “From Ideas to Impact” lasts 12 + 12. It is Program Journey. Program provides startups with support, coaching, tools and modern, communal workspaces, as well asnetworks for fundraising.

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Investment focus

  • Stage:Angel
  • Geography: Azerbaijan

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skolyn — Skolyn is a clinical-stage computational imaging and artificial intelligence company architecting the foundational technologies for the next era of diagnostic medicine. The company's core mission is to resolve the systemic inefficiencies confronting modern radiology, including unsustainable workloads, high clinician burnout rates, andpersistent diagnostic error rates.Skolyn's key technological differentiator is its "Clarity Engine," a suite of deep learning models trained on vast datasets of raw k-space data (from initiatives like the fastMRI+ project), which enables the reconstruction of medical images from undersampled data. This technology can significantly reduce MRI scan times while simultaneously improving image quality.Built upon this foundation, the Skolyn Diagnostic Suite provides clinicians with a universal, multi-modal analysis platform with an initial focus on Musculoskeletal (Knee), Neurology (Brain), and Oncology (Prostate, Breast) MRI. Every module is built upon the inviolable principle of Explainable AI (XAI), providing a complete dossier of evidence for each finding to foster warranted clinical trust.The company operates on a tiered, B2B Software-as-a-Service (SaaS) model, providing annual licenses to hospitals and clinical centers. Skolyn is strategically aligned with national digital health initiatives and is positioned to become a leader in the rapidly growing field of AI-augmented, high-performance medicine.
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VC funding in Azerbaijan at a glance

Stats across 45 deals from 26 investors.

26
investors
in Azerbaijan startups
45
deals
in Azerbaijan startups
$100k
median round
in Azerbaijan startups
54%
lead investors
lead at least one round
38%
Pre-Seed
most common funding stage

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