London’s Sturgeon Capital launches $35M fund aimed at emerging startups in Central Asia

London’s Sturgeon Capital launches $35M fund aimed at emerging startups in Central Asia

a year ago
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https://techcrunch.com/2023/04/27/londons-sturgeon-capital-launches-35m-fund-aimed-at-emerging-startups-in-central-asia/

We reported last year on the launch of a $225 million VC platform from the International Finance Corporation, a member of the World Bank, which would also cover Central Asia. In addition, Most VC launched its accelerator out of Almaty, Kazakstan. So it’s clear these regions, for too long considered backwaters, are now finding their feet as a new wave of tech talent comes online, eager to join the tech industry and the startup ecosystem. Indeed, they are following a similar path to the wave of tech VC investment that hit countries like Indonesia, Nigeria and Brazil in the last few years.

Taking advantage of that today is Sturgeon Capital, a London-based VC, which plans to invest in early-stage startups in the emerging markets of Central Asia and South Asia (excluding India).

London’s Sturgeon Capital launches $35M fund aimed at emerging startups in Central Asia

Apr 27, 2023, 5:13pm UTC
https://techcrunch.com/2023/04/27/londons-sturgeon-capital-launches-35m-fund-aimed-at-emerging-startups-in-central-asia/ > We reported last year on the launch of a $225 million VC platform from the International Finance Corporation, a member of the World Bank, which would also cover Central Asia. In addition, Most VC launched its accelerator out of Almaty, Kazakstan. So it’s clear these regions, for too long considered backwaters, are now finding their feet as a new wave of tech talent comes online, eager to join the tech industry and the startup ecosystem. Indeed, they are following a similar path to the wave of tech VC investment that hit countries like Indonesia, Nigeria and Brazil in the last few years. > Taking advantage of that today is Sturgeon Capital, a London-based VC, which plans to invest in early-stage startups in the emerging markets of Central Asia and South Asia (excluding India).