Central Asia and Caucasus Venture Capital Market Research 2023

15.03.2024

The venture capital market in Kazakhstan is experiencing dynamic growth. The volume of venture capital financing in the country has grown more than 5 times over the last five years, according to a latest study by RISE Research, conducted jointly with EA Group Holding and BGlobal Ventures in cooperation with Crunchbase, the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan and KPMG Caucasus and Central Asia.

RISE Research in cooperation with EA Group and BGlobal Ventures (a subsidiary of Qazaqstan Investment Corporation JSC), as well as Crunchbase, the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan and KPMG Caucasus and Central Asia, conducted a large-scale study of the venture capital market in Central Asia and the Caucasus. The official presentation of the survey results was held at Astana Hub.

According to the data received, the venture capital market in Central Asia and the Caucasus is experiencing dynamic growth. The total amount of venture capital deals in the region for 2023 exceeded USD110 mln.


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