TLDR:
- Kazakhstan is leading in venture financing volumes and development rates in the Central Asia and Caucasus region.
- Venture capital transactions in Kazakhstan have surged over sixfold in the past six years, with investments growing by 5.5 times.
Kazakhstan has emerged as the leader in the Central Asia and Caucasus region in venture financing volumes and development rates, according to a recent study by multiple organizations. The country has seen a significant increase in venture capital transactions, reaching over $80 million in 2023. International investors are showing keen interest in local projects, contributing to the growth of venture capital investments in Kazakhstan and the region.
The average size of transactions has also increased, with pre-seed and seed rounds dominating in venture capital transactions. Venture funds and business angels play critical roles in supporting startups and fostering innovation and entrepreneurship in Kazakhstan. EA Group Holding CEO Erik Aubakirov expressed pride in Kazakhstan’s leading role in the venture capital sector, highlighting the importance of the report in attracting international investment and attention to the region.
