Five Deal Velocity startups receive preliminary offers totaling $310,000 following Demo Day in Tashkent

On November 12, the finals of the Deal Velocity Accelerator program took place in Tashkent. The program was organized by MOST C-Space Hub in collaboration with its general partner, United Ventures, and Startup Booster. At Demo Day, 13 teams presented their projects directly to venture capital funds, and five startups received preliminary investment offers. The total amount of the offers announced was $310,000.

Benefy received the largest amount: a total of $200,000 from United Ventures, IT Park Ventures, and Aloqa Ventures. MaxModal received $40,000 from United Ventures, and Gifrsai received $30,000 from the same fund. Datamark received $20,000 each from UzVC and Aloqa Ventures. Handoff received an offer from Aloqa Ventures; the parties are still discussing the amount. All offers are soft commitments: preliminary agreements under which the startups and funds will continue negotiations on the terms of investment.

“As a general partner, it was important to us that, following the program, the teams had the opportunity to have substantive discussions with investors about their businesses. Following Demo Day, we expressed preliminary interest in investing in Gifrsai, MaxModal, and Benefy,” commented Munis Sharipov, CEO of United Ventures. His deputy, Sherzod Shukurlaev, added that for the fund, a good pitch is the start of a conversation, and after the acceleration program, the founders now have investors with whom they can discuss financing in detail.

In addition to the companies that received investment offers, Datamark, Benefy, Redream, Gifrsai, Grants Adviser, Qor.Kz, FB Academy, Orikami Dialektai, Handoff, Lumos, MaxModal, Arcanion, and Femida AI also presented at Demo Day. The program lasted eight weeks. “For us, this is a tangible result of the accelerator’s work, and for the founders, it’s an opportunity to move from presenting their project to discussing the terms of a deal,” noted Pavel Koktychev, CEO of MOST Holding.