KPMG, Crunchbase, the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, RISE Research, in collaboration with partners EA Group and BGlobal Ventures, conducted a large-scale study of the venture capital market in Central Asia and the Caucasus.
According to the data obtained, the venture capital market in Central Asia and the Caucasus region is experiencing dynamic growth. The total amount of venture transactions in the region in 2023 exceeded $110 million. Kazakhstan became the leader among the countries represented in the report: in 2023, the amount of venture transactions in the country exceeded $80 million. For comparison, Georgia took the second place - the total volume of transactions in 2023 was $21 .6 million, while in Uzbekistan it amounted to $6.3 million.
The startup scene in the region has expanded significantly over the past five years, reflecting a robust ecosystem with numerous startups, funds, and venture investors and angels. The shift from quantity to improved quality of product development and business aspects reflects a more mature startup community compared to five years ago.
You can view the study results by registering at this link or scanning the QR code below.
If you have any further questions, please contact us.
Yerke Assemova
Associate Director Advisory, Strategy and operation
yassemova@kpmg.co.uz
Mob.: +7 (701) 088 17 71
Mob.: +998 (90) 091 08 88
