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

Last updated: Apr 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 April 2025

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

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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.

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

Dislog Group — Dislog Group is a diversified Moroccan industrial group operating in three key sectors: health, hygiene, and food.
Cosmos Health — Cosmos Health Inc. (NASDAQ: COSM), is a fully reporting Pharmaceutical Holding Company based in Chicago, Illinois, USA, that specializes, through its subsidiaries, in the wholesale of pharmaceutical products throughout Europe.
Crnogorski elektrodistributivni sistem — Crnogorski elektrodistributivni sistem is the state-owned energy distribution corporation in charge of supplying electricity to consumers through its enormous network.

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
Singapore, Egypt, 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

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

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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.

We're a Prague-based VC firm investing in fast growing tech companies and empowering talented startup founders from Central and Eastern Europe.

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Investment focus

SaaS, Software, Information Technology
Seed, Pre-Seed, Series A
Czech Republic, United States, Estonia

Portfolio highlights

BlueQubit — BlueQubit is on a mission to democratize Quantum Computing and make it accessible to everyone. Through our BQ platform users can develop, test and run programs on Quantum Computers.
Corn — Corn is a new Ethereum Layer 2 network that aims to be the best platform for utilizing Bitcoin.
Bavovna AI — Bavovna Inc., a Delaware C-corp, is a dual-use tech company primarily focusing on AI-driven alternative navigation for Unmanned Vehicles operating in GPS-denied and Electronic Warfare (EW) threatened environments. Bavovna combines fully NDAA complaint modular hardware and SaaS AI software for aerial, surface, and subsurface UV platforms to addressmalicious and natural challenges to Position, Navigation, and Timing (PNT) systems. Bavovna has tested its solutions widely in Ukraine, EMEA, and the US for different types of UAVs, including VTOL, fixed-wing, multi-copters, and surface and underwater vehicles.

Investors by industry

Artificial intelligence

Venture Capital

Food and Beverage

Financial Services

Mobile Advertising

Wine And Spirits

Enterprise Software

Renewable Energy

Agriculture (agtech)

Machine Learning

Media (entertainment)

Investors by country

Russian Federation

Dominican Republic

United Arab Emirates

Marshall Islands

VC (Venture Capital) Funds in Tajikistan by industry