The IT Park Ventures fund announced new investments in six technology startups. Investment checks to five companies were presented on September 22 at the Startup & Venture Summit as part of ICT Week Uzbekistan 2026.

Who received funding

Support went to Bigmart, ORA, Layf, Q.Watt and UrbanDrive. Another project — Tezbor — attracted funds through the Digital Startups 1+1 program.

The new deals cover solutions in corporate procurement, marketing technology, e-commerce, automotive market and logistics.

The most disclosed deal

The ORA platform received $150 thousand from the fund. The startup also attracted another $50 thousand with its assistance from a private venture fund in the republic. Both tranches have already been invested in the company.

The project is an artificial intelligence-based platform for brands to work with bloggers and user-generated content creators. The service automates processes from scenario preparation and author search to publication control and results analysis.

How the fund works

The organization was established in December 2024 under the Ministry of Digital Technologies with a charter capital of $10 million.

Investment range is from $10 thousand to $1 million, with projects financed at different stages: from idea to Series A round.

Doubling mechanism

A separate fund tool: it doubles every foreign investment attracted by the startup from international venture funds or business angels — within $100 thousand.

This scheme solves a typical early-stage problem: foreign investors rarely enter a project from an unfamiliar jurisdiction alone, and the presence of a local co-investor lowers the entry barrier for them.

By the end of 2025, a significant portion of deals was completed in co-investment format with participation of more than thirty international and local partners.

Where the money goes

Distribution of investments by sector for 2025:

  • fintech — 25%;
  • education and HR technology — 15%;
  • SaaS and business software — 12%;
  • AI and data processing — 8%;
  • other technology sectors — 40%.

Fintech dominance is logical: the segment is closest to monetization and relies on the country's already developed payment infrastructure.

Venture market context

Early-stage activity is growing. In August, six startups closed investment rounds, with total disclosed volume around $359 thousand — individual deal amounts were not disclosed.

In parallel, the government is expanding support: the National Venture Fund is preparing a program with financing up to 5 billion som per project, and a business angel status is being introduced for private investors with tax exemption when holding a stake for more than three years.

For the capital market, venture financing has a delayed effect: companies receiving funding today will form a pool of potential issuers in several years, whose stock prices investors will be able to track on the exchange.

This material is informational in nature and is not an investment recommendation.