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MOST Ventures is a venture capital fund based in Almaty, Kazakhstan, dedicated to supporting tech entrepreneurs from Central Eurasia. Founded as part of the broader MOST ecosystem, which has over a decade of experience in fostering tech entrepreneurship, MOST Ventures focuses on early-stage technology startups. The firm operates under the auspices of MOST Holding, the first licensed investment company at the Astana International Financial Centre (AIFC) specializing in VC funds for Central Eurasian tech startups.
Currently, MOST Ventures manages a fund size of $30 million and has invested in 25 companies. The organization aims to empower innovators in the region to build scalable businesses that can compete in global markets. By combining capital with mentorship and structured acceleration programs, MOST Ventures strengthens business models and prepares startups for follow-on investments.
MOST Ventures primarily invests in early-stage technology startups, specifically at the Seed and Series A stages. The firm emphasizes supporting tech founders from Central Eurasia who are looking to scale their businesses internationally. The sectors of interest include AI, SaaS, fintech, healthcare, consumer, logistics, edtech, energy, climate, and cybersecurity. MOST Ventures seeks to combine capital with mentorship and structured acceleration programs to enhance the business models of its portfolio companies.
The investment strategy is designed to prepare startups for future funding rounds while ensuring they are equipped to compete in global markets. The firm’s focus on AI and B2B solutions aligns with its goal of fostering scalable businesses that can thrive in diverse markets, including MENA, Southeast Asia, and the United States.
MOST Ventures has built a diverse portfolio of 25 companies across various sectors. Notable portfolio companies include:
This diverse portfolio reflects MOST Ventures' commitment to supporting innovative tech solutions across multiple industries.
PhD: CEO of MOST Ventures, co-founder of MOST Holding and MOST Investor's Club, with extensive experience in venture capital.
CEO: Entrepreneur with 20 years of experience in the tech sector and a background in venture investment, leading initiatives at MOST Holding.
Co-founder and Managing Partner: Former Deputy Chairman of the Board at JSC National Infocommunication Holding Zerde, bringing significant expertise in technology and investment.
To pitch MOST Ventures, founders should visit their website at mostfund.vc for guidelines. The firm prefers pitches that include a clear overview of the business model, market opportunity, and growth strategy. A well-structured pitch deck is essential.
Response times may vary, but founders can expect to hear back within a few weeks. MOST Ventures values warm introductions, so leveraging connections within the tech community can enhance the chances of securing a meeting.
One notable program run by MOST Ventures is the IRA (Investment Readiness Accelerator). This program is designed for startups in Central Asia and focuses on preparing them for investment opportunities. MOST Ventures invests in the most successful graduates of this program, providing them with the necessary resources to scale their businesses.
Eligibility for the IRA program typically includes being an early-stage startup with a focus on technology and innovation. Interested startups can apply through the MOST Business Incubator's website.
In April 2026, MOST Ventures participated in the Central Eurasia Venture Forum (CEVF) held in Almaty, showcasing the growing interest in the region's startup ecosystem. The firm continues to attract attention as Kazakhstan emerges as a leading destination for venture capital investment in Central Asia.
Recent reports indicate that venture financing in Kazakhstan has surged, with MOST Ventures positioned as a key player in this growth. The firm remains active in seeking new investment opportunities within the tech sector.
What are MOST Ventures' investment criteria?
MOST Ventures focuses on early-stage technology startups, particularly those at the Seed and Series A stages. The firm seeks to invest in companies that demonstrate potential for scalability and innovation, particularly in sectors such as AI, fintech, and healthcare.
How can I pitch to MOST Ventures?
Founders can pitch to MOST Ventures by visiting their website at mostfund.vc. Interested parties can also reach out via email at amira@mostfund.vc for inquiries.
What makes MOST Ventures different from other investors?
MOST Ventures combines capital investment with non-financial support, including mentorship and access to structured acceleration programs. This holistic approach helps startups refine their business models and prepares them for future funding rounds.
What is the geographic focus of MOST Ventures?
The firm primarily invests in tech startups from Central Eurasia, including Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan. MOST Ventures aims to support founders looking to scale their businesses internationally.
What is the fund size and check size range?
MOST Ventures operates a fund size of $30 million, focusing on early-stage investments. Check sizes typically align with Seed and Series A funding rounds, although specific amounts may vary based on individual startup needs.
What kind of post-investment support does MOST Ventures provide?
Post-investment, MOST Ventures offers mentorship, community building, and access to structured incubation and acceleration programs. This support is designed to help startups grow and prepare for subsequent funding rounds.
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