Imkon Ventures Launches $5M Fund in Uzbekistan

Imkon Ventures is a newly launched $5 million venture capital fund aimed at supporting early-stage startups across Uzbekistan. Co-founded by Tohirjon MirzajonovDealroom has a profile for this one. Try Dealroom →, a venture capitalist with experience in the MENA region, and Mukhammad KhalilDealroom has a profile for this one. Try Dealroom →, founder of Startup GarageDealroom has a profile for this one. Try Dealroom → in Uzbekistan, the fund targets high-growth startups in sectors such as fintech, AI, B2B SaaS, and deep tech.

Officially announced during the Asian Development BankDealroom has a profile for this one. Try Dealroom →’s SME Conference, Imkon Ventures plans to invest in 25 to 30 companies over the next two years. Individual ticket sizes are expected to range from $50,000 to $150,000, with the potential for follow-on funding for high-performing ventures. UzVCDealroom has a profile for this one. Try Dealroom →, a state-backed fund of funds, has been named as the anchor investor, lending institutional credibility and attracting additional interest from the regional investment community. In addition to providing capital, the fund seeks to help Uzbek startups expand beyond domestic markets by positioning itself as a bridge between Central Asia and the Middle East and North Africa.

The co-founders emphasize Uzbekistan’s growing potential as a startup market and the depth of talent among its young entrepreneurs. Imkon Ventures aims not only to scale early-stage businesses but also to contribute to job creation and innovation capacity within the country. The initiative projects the creation of over 1,000 skilled jobs by 2030 and aspires to elevate Uzbekistan’s role in the regional startup ecosystem by fostering globally competitive companies.

Source: KUN.UZ

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