Yoshlar Ventures doubles fund to $20M

Uzbekistan’s state-backed venture fund Yoshlar Ventures has announced an increase in its capital from $10M to $20M, with plans to reach $30M by 2027.

The expansion will strengthen investment activity at the pre-seed and seed stages, where private capital is typically limited. The fund focuses on supporting founders from Uzbekistan building products for global markets.

To date, Yoshlar Ventures has invested in 7 startups across EdTech, FinTech, AdTech and other sectors. According to CEO Abdulaziz Yakubov, the portfolio is expected to grow to 30 companies by the end of 2026.

With the increased capital, the fund plans to scale deal flow with ticket sizes up to $400K, expand its presence in the US, UK and MENA markets, and strengthen support for portfolio companies, including corporate governance.

Yoshlar Ventures aims to build institutional venture infrastructure in Central Asia by providing founders with access to capital, global networks, and international markets.

Photo: uzdaily