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A Kazakh fund-of-funds just made its first public venture bet on Central Asia’s startup boom

June 22, 2026 Emily Chen Clock

Kazakhstan's Alem Capital Management Invests in Central Asia and Caucasus Startups

Kazakhstan’s Alem Capital Management has anchored a regional venture capital fund backing technology startups across Central Asia and the Caucasus, marking the fund-of-funds manager’s first publicly disclosed investment in the region’s startup ecosystem. Alem participated in the $25 million final close of Sturgeon Capital’s Emerging Opportunities II fund, joining existing and new investors including the […]

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