NUR-SULTAN – Kazakhstan’s MOST Business Incubator launched a $10 million private venture fund in late December, the company’s press service reported.
The MOST Ventures Fund I plans to invest in startups from Central Asia, Central and Eastern Europe, the Caucasus, and Siberia. It is expected to organize acceleration programs in the Investment Readiness Accelerator format for early stage startups for further investments and invest in best technology startups targeting global markets at Seed and Series A stages.
The investment management company is also registered with the Astana International Financial Center (AIFC).
Managing Partner of MOST Ventures Fund I Alim Khamitov said that the company opened the Central Asia Business Angels Club to become one of the leaders in the development of the venture capital market and climate in Kazakhstan and Central Asia.
“We started to function as a Young Entrepreneurs Club, then we grew up and became the first private business incubator to support entrepreneurs and start-ups, now we are entering the third stage of our development, a new chapter were we expand and become a group of companies under the MOST Holding,” Khamitov said at the project’s presentation in Almaty.
Arsalan Alfred Ni, Managing Partner of MOST Ventures Fund I and UNDP SDG Climate Facility Advisor, noted that the company wants to give opportunities to