The Largest VC Firms in Kazakhstan

Silicon Valley Bank (SVB) is a specialized financial partner for the innovation economy, serving startups from pre-seed to IPO, as well as venture capital and private equity investors globally.

Novo Holdings A/S is the holding and investment company responsible for managing the assets of the Novo Nordisk Foundation, one of the world's largest enterprise foundations. Established in 1999, the company is headquartered in Copenhagen, Denmark, with offices in London, San Francisco, Boston, Singapore, and Shanghai. As of 2024, Novo Holdings manages total assets of DKK 1,060 billion (€142 billion). The company's primary objective is to improve people's health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation. To achieve this, Novo Holdings invests in life science companies at all stages of development and manages a diversified portfolio that includes equities, bonds, real estate, infrastructure assets, and private equity investments. In 2024, Novo Holdings reported record total income and investment returns of DKK 60 billion (€8.0 billion), driven by strong performances from its investment portfolio and the Novo Group companies. A significant recent development was the completion of a $16.5 billion acquisition of Catalent, a contract drug manufacturer, in December 2024. This strategic move aims to bolster the production of Wegovy, a popular weight-loss drug, to meet increasing demand. Novo Holdings' investment areas include life science investments, capital investments, and planetary health investments, with a focus on regions such as North America, Europe, and Asia. The company's guiding principles emphasize high performance with respect and responsibility, an ambitious strategy focused on return-driven investments, and excellence in operations, including talent development and strong governance.

TenOneTen Ventures is a Los Angeles-based venture capital firm that invests early in technical teams transforming major industries like healthcare, logistics, and manufacturing using AI and data.

NGP Capital is a venture capital firm dedicated to empowering exceptional founders in transforming their innovative ideas into companies that contribute to a better future. With over $1.6 billion under management, the firm has backed more than 100 companies, including 19 unicorns and 11 IPOs. Their investment philosophy centers on the convergence of the physical and digital worlds, believing that this fusion will ignite positive human progress and lead to the emergence of the next generation of iconic companies. NGP Capital's portfolio spans various sectors, including enterprise computer vision, consumer IoT platforms, cybersecurity, and autonomous robotics. Notable investments include Scandit, Xiaomi, Coda, Lime, Security Scorecard, Immuta, ANYbotics, and Dataloop. The firm is committed to partnering with companies from inception to IPO, providing long-term support to foster growth and innovation.

Vertex is a global network of venture capital funds. The Vertex network of funds invests in early stage opportunities in technology through Vertex Ventures and healthcare through Vertex Ventures HC, and growth stage opportunities through Vertex Growth. Each of the Vertex Ventures funds in Israel, USA, China, and SEA & India operate independently, with separate local teams that raise and manage respective funds independently.Vertex Holdings is an anchor investor in each of the Vertex funds, namely: Vertex Ventures China, Vertex Ventures USA, Vertex Ventures Israel, Vertex Ventures SEA & India, Vertex Ventures HC, and Vertex Growth. Vertex Holdings is owned by Temasek Holdings.

Canaan is an early-stage venture capital firm that invests in visionaries with transformative ideas. While we love speedy success, we're acutely aware that greatness comes in many forms and at different times. That's why we're not afraid to break the mold to bring something spectacular to life. Our approach is personal. We don’t believe in a one-size-fits-all approach, but there are a few absolutes intrinsic to who we are and how we work. And these values weren’t contrived out of thin air, they’re hard earned over the past 30 years and counting. 01 High performance, low ego. The old adage “actions speak louder than words” rings true within Canaan’s walls, and in our interactions with companies out in the wild. Words like "understated" and "effective" are often used to describe our partners, and that’s fine by us. We’ll leave the bragging to the others. “Seasoned investors can be very arrogant, but Canaan is no BS, unassuming, and humble—no hysteria, no angst.” — Michael Gilman, CEO Arrakis 02 People are more than statistics. A diverse team means we bring varied perspectives to the table. And that table welcomes out-of-the-box thinking, spirited debate, and people from all walks of life. It’s our individual backgrounds and interests that inform our collective approach, which spans industries, generations, and coasts. In short, our diversity is who we are and what we do. 03 We ask for help, and so should you. We firmly believe that two heads are better than one. So while our investors thrive in 1:1 partnerships, our companies also have the support of the entire Canaan team whenever, wherever. Recruiting your executive team? We’ll mobilize our full network. Need operational advice to bring a product to market? We’ll connect you with the right partner or colleague. Our resources are yours. “Even if Canaan hadn’t funded us, just going through the process with them – the discussions we had and the questions they asked – already made us a better company. And that’s amazing.” — Julie Wainwright, CEO The RealReal 04 The Golden Rule still applies. We treat you like we treat ourselves—with respect, transparency, and honesty—even if it’s sometimes not what you want to hear. It’s this approach that makes our portfolio companies more like family, because we’re not afraid to get in the weeds and help solve big hairy problems. In fact, it’s what we live for. We’re acutely aware that our success hinges on your success, so we do what it takes. “We made big strategic shifts as a company and worked closely with Maha through all of them. Canaan is really smart about the way they get involved and how they support you through good times and bad.” — Kevin Chou, former CEO Kabam 05 We're in the know, not in the way. We’d be lying if we said we weren’t hands-on, but we also know when to step back and let you soar. Our goal is to add value to your process, and help you grow in ways you couldn’t alone. That’s why you’ll never see us booking meetings just to check a box or “see how are things are going.” We’ll already know, because that’s the kind of relationship we have with our companies. Balance, diversity and passion are at the core of who we are. Meet the hardworking people who defy convention, shatter glass ceilings, and take companies to the top — all with a unique style and a healthy dose of humor.

Baring Vostok Capital Partners Limited is a venture capital and private equity firm based in Russia. It invests on early venture, acquisitions, buy-outs, growth capital, later-stage, mid-market, and medium-sized enterprises that operate in sectors such as natural resource extraction, particularly oil and gas; competitive industrial companies that operate in local or export markets; mass media and telecommunications; utilities; construction materials; specialty manufacturing; real estate development; residential real estate development; internet; software; retail; and service management. Baring Vostok Capital Partners was founded in 1994 and is based in Moscow, Russia with additional offices in Limassol, Cyprus and Gernsi, Channel Islands.

Global Natural Resource Investments (“GNRI”) was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power.

We follow a people-first, markets-second approach to investing. We primarily invest at the early stages of companies, with selective investments in companies at the later stage. We are currently investing out of our fifteenth early-stage fund, the $400 million Mayfield XV, and our first growth stage fund, the $125 million Mayfield Select.

500 Global is a venture capital firm with $2.3 billion in assets under management, investing in globally ambitious founders building fast-growing technology companies. The firm focuses on U.S. and global markets where innovation, capital, and ecosystems can propel startups and unlock long-term value. 500 Global has backed over 35 companies valued at $1 billion or more and more than 160 companies valued at over $100 million. The firm invests across sectors, geographies, and markets, leveraging its unique global networks and resources to unlock the potential of entrepreneurs and drive uncommon outcomes.

Evolution Equity Partners is an international venture capital firm specializing in cybersecurity investments. Led by technology entrepreneurs with extensive experience in building software companies globally, the firm leverages its deep operational, technical, product development, and go-to-market expertise to support entrepreneurs in creating market-leading cybersecurity solutions. Evolution Equity Partners invests across multiple stages, from seed to growth, partnering with exceptional entrepreneurs to build and scale innovative cybersecurity companies. Their portfolio includes notable companies such as Security Scorecard, Arctic Wolf, Talon, Quantexa, Pentera, and Snyk. The firm is committed to providing unparalleled resources and insights, offering an operating playbook to effectively guide cybersecurity startups from inception to IPO. This includes equipping companies with the knowledge, tools, and strategies necessary to drive performance and achieve success in the competitive cybersecurity landscape.

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global. Our Early Stage Funds are based in the US, Europe, Asia, and Brazil, and invest locally. Our San Francisco-based Growth Fund invests globally from Series B and beyond, working in collaboration with our Early Stage Teams. The sizes and locations of these funds make it possible for us to see local trends up close, identify winning founders, and lead rounds at every stage. Sonos, The RealReal, Creditas, Sorare, Pismo, AppFolio, goPuff, Acorns, Farfetch, Segment, Bumble and Yeahka are among the stars in Headline’s world.

Founded in 1989, SCF Partners (“SCF”) provides equity capital and strategic growth assistance to build leading energy service and equipment companies that operate throughout the world. The firm is headquartered in Houston, Texas and has additional offices in Calgary, Singapore and Aberdeen. SCF currently oversees approximately $2 billion under management and has built more than 70 platform services companies, completing over 340 growth acquisitions, through partnerships with energy services and equipment entrepreneurs.

Established in 1998, during the Asian Financial Crisis to invest distressed debt opportunities in Asia, ADM Capital has a strong track record in identifying and investing in stressed and dysfunctional markets, providing funding in the absence of traditional financing from FIs and markets. As economies across the region rebounded, the firm transitioned from a distressed strategy, and ADM Capital now focuses on privately financing growth and special situations opportunities across Asia Pacific via a senior secured lending approach; structuring its investments with contractual return, downside protection, and equity upside where appropriate - thereby generating stable, predictable and attractive risk adjusted returns for investors. With 20 years'​ investment experience, ADM Capital has strong proprietary networks that drive self-generated deal flow, and is regarded as a trusted lender in the marketplace. The ADM Capital Foundation was established in 2006. ADM Capital's consistent performance demonstrates that strong returns need not be at the cost of a responsible and holistic investment approach.

Established in 1997, Vertex Ventures Israel is one of Israel's pioneering and most successful venture capital firms, managing over $1.4 billion in assets. The firm specializes in early-stage investments, focusing on Seed to Series B rounds, and has supported more than 150 companies across various sectors, including enterprise SaaS, cybersecurity, artificial intelligence, and fintech. Notable portfolio companies include Waze, CyberArk, and SolarEdge. Vertex Ventures Israel is part of the Vertex Global Network, which extends its reach beyond Israel to markets in Silicon Valley, China, Singapore, and India, providing portfolio companies with valuable resources and connections to maximize their growth potential.

Alumni Ventures is a venture capital firm that provides accredited investors and institutions with access to professionally managed, diversified venture portfolios. Founded in 2014, the firm has raised over $1.3 billion in capital and has built a diversified portfolio of more than 1,400 venture-backed companies, adding approximately 250 new companies each year. With a network of over 850,000 investors, entrepreneurs, and community members, Alumni Ventures operates five national offices and employs around 40 full-time venture investors. The firm boasts a top quartile and decile performance track record, with its funds ranking in the top quartile against Cambridge Associates’ peer group for venture capital as of September 30, 2024. Alumni Ventures offers two primary investment options: investing in their funds, where their expert team builds a diversified portfolio of venture-backed companies, and investing deal-by-deal, where investors select individual companies to invest in, with access to diligence materials for informed decision-making.

Mithril Capital Management is a venture capital firm that specializes in early-stage investments in technology companies. Founded in 2012 by Peter Thiel, Ajay Royan, and James F. McKelvey Jr., the firm focuses on identifying and supporting innovative startups with the potential to disrupt industries and create significant value. Mithril's investment philosophy centers on backing visionary entrepreneurs who are building transformative technologies across various sectors, including software, hardware, and biotechnology. The firm is known for its data-driven approach to investment selection, leveraging extensive research and analysis to inform decision-making. Mithril's team comprises experienced professionals with backgrounds in technology, finance, and entrepreneurship, enabling them to provide strategic guidance and operational support to portfolio companies. The firm has a history of successful investments in companies such as Palantir Technologies, SpaceX, and Lyft, demonstrating its ability to identify and nurture high-growth startups. Mithril's commitment to fostering innovation and supporting visionary entrepreneurs has established it as a prominent player in the venture capital landscape.

Forgepoint Capital is a global early-stage venture capital firm that backs transformative cybersecurity, artificial intelligence, and infrastructure software companies, from first call to exit.

Ordabasy Group is an investment group founded in 2010 that successfully operates in the traditional industries of Kazakhstan and beyond, controlling leading enterprises in their areas.Ordabasy Group's business strategy is based on obtaining the best return on shareholders' equity and implementing modern management methods. Continuous improvement of the professionalism and competencies of the team, aimed at achieving the desired results for our partners, contractors and consumers, and also are a good basis for the effective development of the company's investment activities, not only in the short term, but also in the long term. We are convinced that our success is largely based on this business philosophy.Maintain the position of one of the best companies in the region, determining the development of business in the future, ensuring the financial stability of the company at the stage of its operation and further development.Expand investment activities for new promising projects and enterprises with high potential, in order to achieve maximum financial and production indicators.Transformation of the holding with a goal achieving a total Enterprise Value of more than USD 2.8 billion by 2026.

We are a specialist Emerging Market asset manager focused on investing institutional funds to enhance risk weighted return with a focus on the geographies in the CIS regionFounded in 2010, VPE Capital focuses primarily on Private Equity opportunities. The Manager currently has two strategies, one sector-agnostic focused on Russia, and the second on Infrastructure in Kazakhstan. VPE Capital pairs expert local knowledge with Institutional standards of practice. VPE Capital (Middle East) Limited is regulated by the ADGM Financial Services Regulatory Authority. Registered number 000000564.VPE Capital pairs expert local knowledge with institutional standards of practice. ​The primary focus of our Moscow and Nur-Sultan based teams is on sourcing, analysing and structuring PE investments on behalf of our LPs.

Enterprise Ireland is the government organisation responsible for the development and growth of Irish enterprises in world markets. We work in partnership with Irish enterprises to help them start, grow, innovate and win export sales in global markets. In this way, we support sustainable economic growth, regional development and secure employment. You can find detailed information on Enterprise Ireland's activities, strategy and performance in our Reports and Publications.. Research and Innovate The application of research and innovation to business challenges is critical to the success of the Irish economy. We provide supports for both companies and researchers in Higher Education Institutes to develop new technologies and processes that will lead to job creation and increased exports. Use this section of the site to learn more about our research and innovation supports for businesses and researchers in Higher Education Institutes. Export Development Overview Success in export markets is crucial to the long-term growth of Irish businesses and the Irish economy. Support for companies focused on growth through international sales is a priority for Enterprise Ireland. We are committed to facilitating the development of a strong exporting sector by offering flexible solutions to client needs. If you are a potential or emerging exporter, please visit to the Exporter Development section below. Enterprise Ireland is the state agency responsible for supporting the development of manufacturing and internationally traded services companies. We provide funding and supports for companies - from entrepreneurs with business propositions for a high potential start-up through to large companies expanding their activities, improving efficiency and growing international sales. Scroll down to select the relevant funding offer that best reflects your stage of development to browse our full range of funding supports. We also provide funding and supports for college based researchers to assist in the development, protection and transfer of technologies into industry via licensing or spin-out companies. The Covid-19 pandemic has created severe challenges for Irish businesses with significant job losses, worldwide disruption and an uncertain road ahead. These essential funding supports are designed to help businesses stabilise and adapt to the evolving situation, in preparation for getting back on the road to recovery. OUR PEOPLE How we are structured, our Board and senior managers, and careers at Enterprise Ireland. OUR LOCATIONS Information and contact details for our national and global network of offices. OUR SERVICES Our range of services and how to access support. OUR CLIENTS The types of businesses we support and how to become a client of Enterprise Ireland.

WELCOME TO AL FALAH CAPITAL PARTNERS! Al Falah Capital Partners manages Falah Growth Fund, a leading investment fund focused on CIS with committed capital amounting to USD 500 million from partners in UAE and Kazakhstan. While open to opportunities across the CIS, the fund provides capital for companies engaged in Central Asia and lays an emphasis on projects in Kazakhstan. The fund invests in priority sectors as Energy, Power, Food Production, Infrastructure, Natural Resources and Real Estate. The International Petroleum Investment Company (IPIC) was formed by the Abu Dhabi government in 1984, and tasked with an ambitious mandate to invest in the energy and related sectors across the globe. IPIC’s portfolio comprises more than 15 investments across Europe, North America, the Middle East, and Asia, and total assets valued at approximately $60 billion. Ordabasy Group is a Kazakhstan-based investment company with a diversified portfolio in Kazakhstan. Kazyna Capital Management (KCM) is a fund of funds owned by the National managing holding Baiterek JSC. The main objectives of KCM include development of capital markets in Kazakhstan, attraction of foreign direct investment, transfer of best worldwide investment practices and creation of an investment platform for interactions between the government and foreign investors KEY FUND TERMS Fund size: USD 500 million in commitments Fund Life: 10 years to January 2022 + three optional single year extensions Investment period: to January 2019 Management fee: Bottom-up to a maximum 2% on commitments during investment period and on capital invested thereafter _________________________________________________________________________________________________ INVESTMENT STRATEGY Geography: ► Kazakhstan, Russia and CIS Situations: as ►s All majority and significant minority situations Growth capital Buy-out Restructuring The following start-up situations are considered: - Development of infrastructure and quasi-infrastructure assets - “Brownfield”, new venture set-up by an existing relevant player in the market - JVs with foreign companies into Kazakhstan, specifically industrial models anywhere else by the promoter and execution capabilities proven Target Companies: All sectors considered Ticket size USD 10-50 million per investment Different structures considered: Equity, Structured Equity, Convertible Debt

The company supports the most ambitious projects, helping them to become competitive and successful in the long term on internal and external markets, promotes large-scale transformation of traditional economic sectors and creation of new one in the framework of the program "National Technology Initiative" and "Digital Economy".VEB Ventures acts as a link between the participants of the venture market - development institutions, technology entrepreneurs, investors, as well as other players - banks, corporations of various levels. VEB Ventures focuses on expert support of Russian business when entering the international market.

AVG Capital Partners is a diversified group of companies that was established in 2007. The group of companies has 4 main investment focuses: agriculture, technologies, real estate and renewable energy A Russian private equity group which is a major investor in Russian agriculture. Approximate AUM: $200 million. AVG is the controlling shareholder of one of Russia’s largest agro-holdings, Razgulay, and we are actively involved in its management. We are one of Russia’s largest companies in sugar beet cultivation and processing, grain and oilseed cultivation, and rice cultivation. We are also active in greenhouse vegetable production and meat production and processing. We are actively seeking investment for a range of projects in the sectors mentioned above. We have lined up 75% of required financing from Russian banks at subsidized rates, and are looking for 25% or greater equity investors. Current investment portfolio exceeds $400M+ and total number of under management companies’ employees is over 3000 people. We are open to new partnerships & opportunities, and believe that nowadays there are no barriers for innovation and cooperation We pay great attention to the social side of business: regional economy support, charity events, investment in social responsible projects, etc. AVG is open to new projects and businesses. Our goal isn't only profit, but also a positive impact on social and the environment issues within the framework of the Sustainable Development Goals.

Genesys Capital Partners Inc. is a venture capital firm specializing in seed, start up, early stage, mid stage and growth capital investments. The firm prefers to invest in healthcare, bioscience, medical technology, life sciences and biotechnology sectors. Within the life sciences industry, it focuses on biopharmaceuticals, medical devices, and healthcare services. The firm prefers to invest in North America with a focus on Canada and United States. Genesys Capital Partners Inc. was founded in 2000 and is based in Toronto, Canada.