Kazakhstan’s startup ecosystem is rapidly evolving, driven by the rise of innovative ventures and a growing community of investors. As the country continues to position itself as a regional technology and entrepreneurial hub, venture capital (VC) firms have become pivotal in fueling this growth. From early-stage funding to strategic guidance, these firms are playing an instrumental role in shaping the future of Kazakhstan’s tech landscape. In this article, we highlight some of the most active VC firms in Kazakhstan, examining their leadership, investment activity, and standout portfolio companies.

Activat VC

• 🏦 HQ: Astana, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Marat Tolibayev, Meirzhan Yessimkhanov

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: LoopOne, TezBor, TassVision

Astana Hub Ventures

• 🏦 HQ: Astana, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Magzhan Madiyev

• 🎯 Target Stages: Pre-seed to Series A

byb Capital

• 🏦 HQ: Almaty, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Askar Bilisbekov

• 🎯 Target Stages: Pre-seed to Series A

Falconry

• 🏦 HQ: Almaty, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Bakht Niyazov

• 🎯 Target Stages: Seed

MA7 Ventures

• 🏦 HQ: Almaty, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Murat Abdrakhmanov

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 10-50

• 💵 Average Investment Ticket: $150K- $1M

• 🎯 Target Stages: Seed stage and higher

• 👜 Notable Portfolio companies: Higgsfield, Faceplate, Hero's Journey

Most Ventures

• 🏦 HQ: Almaty, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Alim Khamitov, Mirat Akhmetsadykov, Pavel Koktyshev, Arsalan Alfred Ni

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Beksar, Boomgrow, Dolon

MyVentures VC

• 🏦 HQ: Almaty, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Shakhboz Rakhmanov, Yerzhan Toltayev

• 🔢 Number of Investments: 1-10

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: GoDays,bank4.me, Solai

Techgarden Ventures

• 🏦 HQ: Almaty, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Cyrus Baghai

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 10-50

• 👜 Notable Portfolio companies: 2Event.com, Alfred, Kid security

White Hill Capital

• 🏦 HQ: Astana, Kazakhstan

• 👨‍💻👩‍💻 Leadership: Aslan Sultanov

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Codipaly, Itulek, Planet9

Kazakhstan’s venture capital scene is gaining momentum, with firms like Activat VC, Most Ventures, MyVentures VC, and White Hill Capital leading the charge. Their investments are not only supporting startups domestically but also positioning Kazakh companies on the global stage. As the ecosystem matures and more success stories emerge, the influence of these VC firms will undoubtedly continue to grow, paving the way for a more dynamic and prosperous startup environment in the region.