Kazakhstan's venture market demonstrated significant growth in 2023, achieving record levels of funding and exits. Key recipients of venture capital investments were Kazakhstani projects such as OneVision, Clockster, Easytap, CTOgram, CerebraAI, UvU, Kwaaka, BPMTracker, Porte, Hero's Journey, Codiplay, JobEscape, and others. A total of 55 deals were completed, with an investment volume exceeding $80 million, reflecting a fivefold increase over the past six years.
FinTech continues to lead in investment volume, highlighting its innovative potential and attractiveness to investors. For instance, Prosper Pay offers an innovative service that provides access to earned wages before payday, revolutionizing traditional financial services. E-commerce platforms and marketplaces also showed significant growth thanks to investments from major corporations.
Key players in the venture market:
- Most Ventures
- Big Sky Capital
- Tumar Venture Fund
- EA Group
- Quest Ventures
- Jas Ventures
- Nomad VC
- Activat VC
- 500 Ventures
- Qazaqstan Investment Corporation
- MyVentures
- Tech Garden Ventures
- Almak Capital Investment Firm
- Falconry
- InDrive New Ventures
- Baiterek Venture Fund
-
QazTech Ventures
*Information prepared according to the "Rise research" source