The startup ecosystem and venture capital market in Kyrgyzstan are experiencing a period of nascent growth, characterized by both challenges and promising opportunities. As of 2025, the country is projected to reach a Total Capital Raised of US$7.61 million in the Venture Capital market, with the Early Stage market expected to dominate, accounting for US$5.38 million according to Statista. This growth trajectory reflects an increasing interest from both local and international investors in Kyrgyzstan's entrepreneurial landscape. In this article, we have compiled a comprehensive list of Top VC Funds and Angel Investors in Kyrgyzstan that can provide you with the capital and support to help you succeed!
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Venture Capitalist Funds in Kyrgyzstan
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2006
Stage: Seed, Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: DealCart, Arzon Apteka, Datacultr, Finmedia, NowPay
Year of Inception: 2011
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Moovaz, CerebraAI, Clockster, KiddoCare, Quadby
Year of Inception: -
Stage: Seed, Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: leasing.express, express.auto, Smagic
Year of Inception: 2020
Stage: Seed, Series A, Series B
Focus: Technology
Notable Portfolio: BerryPay, Clockster, ZenGuardAI, Easytap, CerebraAI
Year Founded: 2021
Stage: Post-Seed, Series A, Series B
Focus: AI, Deeptech, Cleantech, Healthtech, Fintech, Hrtech, Edtech, Gametech, Cybersecurity and Life Science
Notable Portfolio: Artifica, Atlas Space, Cineshort, Hirize, iftrue
Year Founded: 2014
Stage: SME
Focus: Sector Agnostic
Notable Portfolio: Toy Boss, Grigorievsky Sad, Burger House
Angel Investors in Kyrgyzstan
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: -
Closing Thoughts on VCs and Angel Investors in Kyrgyzstan
Despite the relatively small market size, Kyrgyzstan's startup scene is showing signs of vitality, particularly in sectors such as EdTech, Retail SaaS, and Fintech. The country boasts a rising number of skilled technical professionals, although many are compelled to venture abroad due to limited domestic market opportunities and insufficient funding. This talent diaspora has led to the emergence of successful Kyrgyz projects internationally, such as Appboxo, Behavox, and Kodif. For entrepreneurs seeking funding within Kyrgyzstan, it's crucial to align with these emerging trends and showcase scalable solutions that address local challenges while having potential for regional or global impact.
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Frequently Asked Questions on VCs and Angel Investors in Kyrgyzstan
What is the current state of venture capital and angel investment in Kazakhstan's startup ecosystem?
The venture capital and angel investment landscape in Kyrgyzstan's startup ecosystem is still in its early stages but shows some signs of growth within the broader Central Asian context. Venture Capital is the leading player in this market, with a projected market volume of US$7.61m in 2025. However, challenges such as limited market size and funding availability persist, indicating that the ecosystem is still in a developmental phase with room for significant growth in the coming years.
Which sectors in Kyrgyzstan attract the most venture capital and angel investment?
Here are the sectors in Kyrgyzstan that attract the most venture capital and angel investment:
Fintech
EdTech
SaaS (especially B2B)
Marketplaces
Sustainable technologies
Social enterprises addressing local challenges
What are typical investment stages and funding ranges for startups in Kyrgyzstan?
The most common funding stage for startups in Kyrgyzstan is pre-seed. This indicates that the startup ecosystem is still in its early phases, with many companies seeking initial funding to get their ideas off the ground. Typical investment ranges range between $50,000 to $500,000 for early-stage startups.
What government initiatives and policies support venture capital and angel investment in Kyrgyzstan?
There are a few key government initiatives and policies supporting venture capital and angel investment in Kyrgyzstan:
Reduction of the investment threshold from $50 million to $10 million, making it easier for smaller investors to engage.
Introduction of expedited investor visas: 5-year visas for investments over 10 million som ($112,000) and 10-year visas for investments over 20 million som ($225,000)
Creation of High Tech and Creative "Parks" with advantageous tax rates and export assistance
Implementation of a Bilateral Investment Treaty with the United States
Formation of the National Investment Agency (NIA)
Creation of five Free Economic Zones (FEZs)
Introduction of initiatives to retain talent in the country, such as the Accelerate Prosperity program
What advice do local investors have for Kyrgyz startups?
Local investors and ecosystem players advise:
Focus on developing scalable and replicable solutions for large internet communities
Consider opportunities in B2B SaaS, marketplaces, and fintech
Develop projects that have potential beyond the local market
Participate in incubation and acceleration programs to refine business models and gain exposure to investors
Leverage tax benefits and utilize free economic zones
Collaborate with international organizations, development funds, and business associations
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