AloqaVentures’ Achievements and Investments in 2024
AloqaVentures, Uzbekistan's leading venture fund, continues to strengthen its position in the regional startup ecosystem. This report provides an overview of recent investments, achievements and strategic partnerships of the AloqaVentures venture fund, as well as information about the role of the fund in the development of innovative technologies in the digital economy of Uzbekistan.
The Uzbek venture market is also growing at a corresponding pace. As an example, since the beginning of the year, the total investment of national venture funds has exceeded $6 million. Not only national startups, but also any innovative startup projects in Kazakhstan, Azerbaijan, Georgia and the Central Eurasia region are of great interest to Uzbek venture funds. In 2024, the AloqaVentures venture fund also invested in 3 foreign startups.
The Uzbek venture market is also growing at a corresponding pace. As an example, since the beginning of the year, the total investment of national venture funds has exceeded $6 million. Not only national startups, but also any innovative startup projects in Kazakhstan, Azerbaijan, Georgia and the Central Eurasia region are of great interest to Uzbek venture funds. In 2024, the AloqaVentures venture fund also invested in 3 foreign startups.
We can also see the emergence of another direction in the startup ecosystem of Uzbekistan - "Angel Investor". This, in turn, shows how much interest in startups is growing in our country.
Portfolio
As of October 2024, the AloqaVentures portfolio has grown to 28 startups, once again demonstrating the fund's support for high-potential projects in various fields. The new startups in the portfolio are aimed at bringing artificial intelligence, FinTech, logistics, business automation and transportation technologies to a new level, providing innovative solutions
Investments
PLATMA - enables the creation of various applications from scratch to simplify workflows, automate back-office tasks, and drastically reduce programming costs and time without technical experience.
Royal Taxi – the second largest taxi service aggregator of Uzbekistan with operations in more than 50 regions of the country.
Delever is an innovative platform that enables businesses to expand direct-to-consumer (D2C) sales channels and automate delivery and order management processes.
Jobster - A cloud-based management system designed to hire the best employees while reducing costs by accelerating and automating the hiring process.
Push30 is a unique platform that provides unlimited access to more than 250 sports centers in Azerbaijan and 100 sports centers in Tashkent, including gyms, swimming pools, Pilates, yoga and other sports.
Zip24 provides flexible SaaS solutions, which includes Shipox (Delivery Management System) & Storfox (Warehouse Management System) designed to empower 3PLs, merchants and other cargo operators, enabling them to stay fully concentrated on their core business operations.
PointAI creates software for customer support teams that helps them transform their customer service operations. PointAI's co-pilot manages a wide range of support tickets, including complex tasks and interactions with external services, enabling true automation. This leads to faster response times, improved accuracy, and greater efficiency in handling customer inquiries.
Royal Taxi – the second largest taxi service aggregator of Uzbekistan with operations in more than 50 regions of the country.
Delever is an innovative platform that enables businesses to expand direct-to-consumer (D2C) sales channels and automate delivery and order management processes.
Jobster - A cloud-based management system designed to hire the best employees while reducing costs by accelerating and automating the hiring process.
Push30 is a unique platform that provides unlimited access to more than 250 sports centers in Azerbaijan and 100 sports centers in Tashkent, including gyms, swimming pools, Pilates, yoga and other sports.
Zip24 provides flexible SaaS solutions, which includes Shipox (Delivery Management System) & Storfox (Warehouse Management System) designed to empower 3PLs, merchants and other cargo operators, enabling them to stay fully concentrated on their core business operations.
PointAI creates software for customer support teams that helps them transform their customer service operations. PointAI's co-pilot manages a wide range of support tickets, including complex tasks and interactions with external services, enabling true automation. This leads to faster response times, improved accuracy, and greater efficiency in handling customer inquiries.
Achievements
2024 was a productive and successful year for AloqaVentures. The fact that IT Park Uzbekistan and the Ministry of Digital Technologies won the nomination "Uzbekistan's Venture Catalyst" in January also shows that the fund has a big place in the startup ecosystem and is on the right path.
Supporting startups in our region, strengthening mutual cooperation and ties, and providing them with the necessary resources and opportunities to bring them to new markets is a key part of the "AloqaVentures" venture fund's strategy. At the same time, AloqaVentures has signed memorandums of cooperation with international venture funds such as ActivatVC, Domino Ventures and acceleration, incubation programs like “Swift Launch”, “Sarmo Labs”, “Startub Garage” and Silkroad Innovation Hub. This cooperation will serve as an important factor in the global growth of the fund's portfolio startups, attracting investment from foreign funds, and establishing strategic partnerships.
Supporting startups in our region, strengthening mutual cooperation and ties, and providing them with the necessary resources and opportunities to bring them to new markets is a key part of the "AloqaVentures" venture fund's strategy. At the same time, AloqaVentures has signed memorandums of cooperation with international venture funds such as ActivatVC, Domino Ventures and acceleration, incubation programs like “Swift Launch”, “Sarmo Labs”, “Startub Garage” and Silkroad Innovation Hub. This cooperation will serve as an important factor in the global growth of the fund's portfolio startups, attracting investment from foreign funds, and establishing strategic partnerships.
Vision
The “AloqaVenutres” venture fund has now begun to work not only on expanding its portfolio, but also on "exit" strategies, which are the main indicator of the success of venture funds.
The found aims to implement venture capital-based transformations in the region, contributing to the development of a dynamic and flexible startup ecosystem in Uzbekistan and Central Eurasia.
The found aims to implement venture capital-based transformations in the region, contributing to the development of a dynamic and flexible startup ecosystem in Uzbekistan and Central Eurasia.