The tripartite partnership creates a systematic mechanism for scaling Central Asian technology startups to US and Southeast Asian markets.

Under the signed memorandum, UzVC has committed to invest two million dollars in Big Sky Capital. A key participant is Kazakhstan's Alem Ventures Fund — the first specialized fund of funds in Kazakhstan, registered in July 2025 under the management of Qazaqstan Venture Group. The fund of funds distributes capital among professional management teams, diversifying risks and creating conditions for attracting international institutional capital.

Big Sky Capital is a generational venture fund registered in Delaware with an office in Seattle. The fund manages Fund I assets totaling ten million dollars and specializes in early-stage financing. The fund is managed by Jahan Karsybaev and Adil Nurgozhin. In 2023, at the Digital Bridge conference, the fund received the "VC of the Year in Central Asia" award.

Big Sky Capital demonstrates a unique model of "strategic multipolarity." The sectoral focus is concentrated on B2B SaaS, enterprise technologies, AI/ML, and fintech. Geographic portfolio distribution: 35% of investments in Central Asia, 35% in Southeast Asia, and 30% in the US.

The average check ranges from 200 to 250 thousand dollars with the possibility of follow-on investment up to 500 thousand. Currently, the portfolio includes 28 startups, of which 10 companies are from Central Asia.

Proven Success

The effectiveness of the model is confirmed by specific cases. Kwaaka, a company with founders from the region, grew in valuation from 3 to 13 million dollars and entered the markets of Azerbaijan and Uzbekistan. Malaysian agritech startup BoomGrow is implementing technologies in Uzbekistan. The portfolio also includes Tass Vision, Credilinq, Cerebra.AI, and ElectroNeek.

Big Sky Capital provides portfolio companies with access to the American market, assists with hiring C-level executives, and ensures media visibility in Forbes and TechCrunch.

Development Plans

The key initiative is creating a specialized venture fund in Uzbekistan with a target size of 50 million dollars. In 2026, the opening of an official Big Sky Capital representative office in Uzbekistan is planned.

"Our strategy is to invest in undervalued founders from emerging markets and help them scale globally. Cooperation with UzVC and Alem Ventures allows us to strengthen our presence in Central Asia and provide startups with the necessary resources to enter the US market," — Big Sky Capital's position.

"As a fund of funds, Alem Ventures creates infrastructure for institutional investments. Partnership with players like Big Sky ensures the transfer of competencies and technologies to our region," — Alem Ventures' position.

The agreement serves as an important signal to international investors about the growing maturity of the Central Asian market. For local startups, the partnership opens a concrete path to global scaling with clear selection criteria and a proven track record of successful cases.

This partnership demonstrates the evolution of regional governments' approach to developing the innovation economy: from scattered initiatives to integration into global networks and attracting external competencies. Central Asia gains a working mechanism for startups to enter international markets, while the international investment community receives confirmation that the region is becoming a serious player on the global venture investment map.