Alem Capital Anchors $25 Million Sturgeon Fund for Central Asian Tech Startups
Updated
Updated · Bloomberg · Jun 22
Alem Capital Anchors $25 Million Sturgeon Fund for Central Asian Tech Startups
1 articles · Updated · Bloomberg · Jun 22
Summary
$25 million marked the final close of Sturgeon Emerging Opportunities II, with Kazakhstan's Alem Capital Management participating as an anchor investor.
The fund will back technology startups across Central Asia and the Caucasus, extending regional venture funding beyond Kazakhstan alone.
International Finance Corp. was among the existing and new investors joining the close, according to Sturgeon Capital.
The deal underscores growing institutional support for early-stage tech investment in Central Asia and neighboring Caucasus markets.