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Caucasus Ventures is an early-stage venture capital firm based in Baku, Azerbaijan, that provides pre-seed funding to technology startups operating across the Caucasus, Central Asia, Turkiye, and Eastern Europe. The firm operates with a statutory capital of 11.3 million manats, equivalent to approximately $6.6 million USD, and typically writes initial checks ranging from $50,000 to $100,000 to fill regional capital gaps. Its investment strategy targets scalable companies developing global products in high-growth sectors such as financial technology, software-as-a-service, educational technology, healthcare, and artificial intelligence. Backed by institutional investors including PASHA Holding, the firm has built an active investment portfolio of 32 companies, featuring emerging regional startups like Fromfolio, Positron AI, and Clopos. Caucasus Ventures was officially established in late 2022 by general partner Mammad Karim alongside the Innovation and Digital Development Agency.
Key people at Caucasus Ventures.
The firm has pioneered fund operation models and collaborated with the financial sector, playing a pivotal role in the development of the venture capital landscape in the Caucasus and Central Asia.
Caucasus Ventures typically adds early-stage technology startups to its portfolio. The firm focuses on ventures that demonstrate potential for global scalability and aims to support tech entrepreneurs in its target regions.
The firm has pioneered fund operation models and collaborated with the financial sector, playing a pivotal role in the development of the venture capital landscape in the Caucasus and Central Asia.
Caucasus Ventures typically adds early-stage technology startups to its portfolio. The firm focuses on ventures that demonstrate potential for global scalability and aims to support tech entrepreneurs in its target regions.
Key people at Caucasus Ventures.
Caucasus Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $1.5M Other Equity in TASS VISION in July 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 14, 2025 | TASS VISION | $1.5M Other Equity | JAN Davídek | Ahror Abdukarimov, Bakhrom Abdukadirov, BIG SKY Capital, Domino Ventures, IT Park VC, Pragmatech Ventures, Sabah Fund |
| Mar 20, 2023 | Turan | $1.0M Seed | — | APY Ventures, Colendi, KT Portfey, NEO Portfey, RE PIE Asset Management, Tera Portfey, Turkaz Investment Fund, United Payment |
