Qazaqstan Venture Group invests up to $3M in MOST Accelerator Fund

Qazaqstan Venture Group (QVG) will invest up to $3 million from the Alem Ventures Fund of Funds into MOST Accelerator Fund, a venture accelerator focused on scaling AI-driven startups from Central Asia.

MOST Accelerator Fund follows a hybrid model similar to Y Combinator, combining early-stage investments with acceleration programs. The fund targets B2B solutions based on artificial intelligence and aims to help startups expand into regional and international markets. Its total size is $10 million, with an initial portfolio of five startups including PanDev, Call2Action, Athena AI, 4sell.ai, and MoonAI.

The fund’s investors include prominent Kazakh IT entrepreneurs such as Murat Abdrakhmanov, Baizhan Kanafin, Alexander Bondarenko, and Alexander Doroshenko. Over the next few years, MOST plans to back more than 35 projects, providing both financial support and access to market expertise, regional partners, and corporate clients.

According to Managing Partner Alim Khamitov, this investment validates MOST’s model as a regional accelerator designed around the realities of Central Asia. QVG CEO Askar Bilisbekov noted that the partnership aligns with Alem Ventures Fund’s mission to strengthen professional players in the local venture ecosystem and enable Kazakh startups to expand globally.

This marks QVG’s third investment through Alem Ventures Fund and reinforces its strategy to develop institutional venture capital infrastructure in the region.