London’s Sturgeon Capital Unleashes $35M for Central Asian Startups

London’s Sturgeon Capital has recently launched a $35 million fund aimed at emerging startups in Central Asia. This is the latest initiative to invest in this region, which was previously considered a backwater for venture capital investments. Last year, the International Finance Corporation (IFC), a member of the World Bank Group, announced its own VC platform with an initial investment of $225 million that would also cover Central Asia. Furthermore, Most VC opened an accelerator based out of Almaty Kazakstan to provide further support and funding opportunities for local entrepreneurs and businesses.

This new fund from Sturgeon Capital will allow more investors to access these regions while providing much-needed resources and capital into these markets that have been historically overlooked by venture capitalists. The money raised through this fund will be used towards early-stage companies looking to make their mark on industries such as technology or finance within Central Asia’s developing economies – allowing them to grow faster than ever before possible due to the lack of funding options available until now.

The launch of this new fund marks an important milestone for both London’s Sturgeon Capital and those seeking investment opportunities in Central Asian countries alike; creating jobs and stimulating economic growth across multiple sectors within each country – ultimately leading towards greater financial stability throughout all involved nations over time.