IT Park Ventures Invests in 70 Startups, Driving FinTech, EdTech, AI, and GreenTech Growth

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s technology ecosystem is showing unprecedented growth, solidifying the country’s status as a key regional hub for innovation and venture capital.

According to the latest data, in 2025 Uzbekistan entered the top 100 of the Global Startup Ecosystem Index by StartupBlink for the first time, marking a qualitative leap of more than 132% for the ecosystem. At the same time, the venture investment market demonstrated a fourfold year-on-year increase, with deal volume rising from US$69.5 million in 2024 to over US$329 million in 2025.

These achievements are rooted in systemic government reforms aimed at lowering barriers for tech businesses and enhancing the country’s investment appeal. A key institutional player in this process has been IT Park Ventures, a venture fund established in December 2024 under a presidential decree. With initial capital of US$10 million and operating under the Ministry of Digital Technologies, the fund built a diversified portfolio of nearly 70 startups in its first year of full operations.

IT Park Ventures’ 2025 investment strategy used a hybrid model: 38 projects received direct funding, while 30 joined via partner acceleration programs under an equity-for-participation approach. Total investments for the year reached US$7.1 million. By sector, FinTech led with 25%, followed by EdTech and HR Tech at 15%, and SaaS/business software at 12%. The fund also focused on AI, DeepTech, and GreenTech, distributing resources across Pre-Seed (12.77%), Seed (31.34%), and Series A (26.32%) stages.

Co-investment with international partners served as an additional quality filter. IT Park Ventures partnered with global organizations including Alchemist, 500 Global, and Plug and Play Tech Center. Its portfolio extended well beyond Central Eurasia, covering markets in the US, Qatar, Singapore, and the UK. To maintain a steady pipeline of projects, the fund organized regional events such as the GSMA M360 Pitch Competition and Digital Startup Awards, identifying and financing the most promising teams.

Key milestones included targeted investments in specific startups. At the international Baku ID festival, the fund announced a US$350,000 investment in Push30, while MoonAi, GetMobi, and Femmy shared the prize fund at the Clash of Startups Tashkent competition. The government’s “Digital Startups” co-financing program (1+1 model) was also successfully piloted, including a US$100,000 joint investment in TASS Vision with an international partner. The fund supported Uzbeks abroad by investing in DataTruck (US) and DATOX (UK).

Human capital development was another focus. In partnership with Silkroad Innovation Hub, the fund launched Silkroad Venture School to train venture specialists, and the team completed programs at MIT Tech Leaders Lab in the US. In less than a year, IT Park Ventures built a full-cycle platform: analyzing over 500 startups and conducting more than 80 comprehensive due diligence procedures.

For 2026, IT Park Ventures plans to maintain its momentum with 25–35 new investments, focusing on scaling portfolio companies, strengthening AI and GameDev expertise, and launching joint venture funds with international partners. Continued expansion into foreign markets and reinforced strategic partnerships aim to ensure the long-term sustainability of Uzbekistan’s tech sector.