After two years of preparation, regulatory work and ecosystem building, we are thrilled to announce the first close of Semurg Venture Capital — a $20M early-stage fund headquartered in Tashkent, with a mandate that spans Uzbekistan, Kazakhstan, Kyrgyzstan and the broader Central Asian corridor.
Our thesis is simple and unapologetically local: the next generation of category-defining companies in our region will be built by founders who understand its constraints — fragmented payments, multi-language consumers, regulatory complexity — and turn them into compounding advantages. We exist to back those founders at the very first cheque, when conviction matters more than spreadsheets.
The fund will deploy 25 to 30 cheques over the next four years, with initial investments ranging from $150K to $750K and meaningful follow-on reserves. We focus on four core verticals: AI-native software, fintech and embedded finance, climate and energy, and digital infrastructure — including SaaS that serves the public sector and traditional enterprise.
Beyond capital, every Semurg portfolio company gets hands-on operating support from day one: hiring playbooks, GTM templates, fundraising prep, and direct introductions to a network of operators across 30+ companies in MENA, Turkey and Eastern Europe. We see ourselves as the first member of the founding team — one who happens to write a cheque.
We are deeply grateful to our anchor LPs — institutional investors, family offices and a curated group of operator-LPs from across the region — who saw the opportunity early and trusted us to build this. To founders: our inbox is open. We move fast, we read every cold email, and we answer within 72 hours. The next decade of Central Asia will not be written by accident — and we want to be there at the first line.