Qazaqstan Venture Group and UzVC back Big Sky Capital’s new fund

Qazaqstan Venture Group and UzVC invested in Big Sky Capital during the Central Asia Venture Conference in Tashkent on December 5. QVG committed 10 million dollars and UzVC invested 2 million dollars into Big Sky Capital’s second fund targeting 50 million dollars. The deal became QVG’s first transaction as a fund of funds and marked UzVC’s second foreign fund focused on Central Asia.

Big Sky Capital started registering its second fund in Uzbekistan. The firm already supports three Uzbek startups and five companies with local offices while expanding co investment activity with regional partners. The fund is preparing its deal pipeline and building a team in Uzbekistan.