Top 5 VC (Venture Capital) Funds in Tajikistan in May 2025

Last updated: May 2025 A list of 5 VC (Venture Capital) funds that invest in startups based in Tajikistan. We rank investors based on the number of investments they made in companies from Tajikistan. We update this investor list every month.

Top 5 VC (Venture Capital) Funds in Tajikistan in May 2025

Investor	Tajikistan investments
Green Climate Fund	1
Jefferson Capital Ltd.	1
European Bank for Reconstruction and Development	1
Battery Road Digital Holdings	1
Presto Ventures	1

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Investor list

GCF was created to support the efforts of developing countries in responding to the challenge of climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

Investment focus

Financial Services, Energy, Banking
Debt Financing, Post-IPO Debt
Egypt, Tajikistan, Saudi Arabia

Portfolio highlights

ACWA Power — ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation, renewable energy and desalinated water production plants.
IMON International — “IMON is one of the leading microfinance institutions (MFIs) in the region, and this investment provides an ideal opportunity for the Bank to support its transformation into a specialised bank,” said Ulf Hindstrom, Head of the EBRD’s Resident Office in Dushanbe. “IMON has already received a deposit-taking licence and is working towards becoming adedicated microfinance bank, able to offer banking services in a severely under-serviced market.”
Qatar National Bank Alahli — Qatar National Bank Alahli is one of the leading financial institutions in Egypt established in April 1978 and ranked as the second-largest private bank in Egypt. Qatar National Bank Alahli provides its services for more than 1,284,417 clients served by 6,723 banking professionals with a network of 231 branches, along with 861 ATMs & 64,147Point-of-Sale to serve clients nationwide. Further, a distinctive Call center operates round the clock 7 days a week. Qatar National Bank Alahli provides dedicated products in corporate banking, financial advisory, project financing, structured financing, trade financing, cash management, and foreign exchange with its competitive offerings, it has managed to establish a strong bond with its various corporate clientele whether large domestic corporations, subsidiaries of multinational companies, medium caps, as well as SMEs.

Jefferson Capital Ltd. provides a large scope of investment solutions to professional and institutional investors.

Investment focus

Banking, FinTech, Finance
Funding Round, Debt Financing
Tajikistan

Portfolio highlights

Alif — Alif was founded in 2014 by Abdullo Kurbanov, Zuhursho Rahmatulloev, and Firdavs Mirzoev shortly after their return to Tajikistan after years of educational and professional activities abroad. Over the past five years, the company has developed into one of the leading fintech companies in the country, offering its clients a system of technologicaland financial solutions. Alif is the market leader in POS (Point-of-Sale) financing with its installment cards and overdrafts without commission. It is also the largest online B2C platform (alif.shop), the most widely used mobile wallet (alif.mobi) in the country, and an exclusive integrator with the country's largest advertisement website.These services are supported by several internal development programs: core banking, customer relationship management (CRM), mobile wallet, card processing, and an HR and recruitment system developed by Alif's team of more than 50 software engineers.Building on strengths, Alif also goes international by opening its first office in Uzbekistan. As an objective of the company, Alif is also focusing on making remittances cheaper and faster in Tajikistan and beyond.

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.