The Caucasus Ventures fund has been established to develop an innovation ecosystem with the participation of the Innovation and Digital Development Agency, PASHA Holding Group of companies and private investors.
The main purpose of the fund is to invest in post-seed growth and A-stage startups.
The authorised capital of the said fund is 11.3 million manats. Pasha Holding group of companies and individual entrepreneurs agreed to allocate 5 million manats and 1.3 million manats to the fund respectively. At the same time, the Innovation and Digital Development Agency supported the initiative of the private partners and allocated additional 5 million manats to Caucasus Ventures. The fund will invest in startups from Azerbaijan, Georgia, Turkiye, Central Asia and Eastern Europe for 5 years.