RISE – VC in Central Asia & Causasus, 2024

The report by RISE – VC in Central Asia & Caucasus, 2024 highlights the opportunity to increase venture capital (VC) volume in the region. The study includes deal analysis in countries like Kazakhstan, Uzbekistan, Kyrgyzstan, Azerbaijan, Tajikistan, and Georgia. It shows that the VC funding per startup in 2022 was $17k, with varying amounts per GDP in different countries. The CCA region faces a challenge of a lack of diverse funding sources, hindering startups' growth. Despite the region's rapid growth, it is a small player in the global venture market. The aim is to consolidate with Central Asia and the Caucasus to create a region of interest for global funds. The region has seen an increase in VC deals in recent years, particularly for pre-seed and seed fundings in certain countries. With a growing local VC ecosystem, it is expected that companies will progress to raise early stage investment in 2024 and beyond.