In September 2026, 17 Uzbek startups closed investment rounds. The total value of disclosed deals exceeded $1.6 million, with most announcements taking place at a single tech exhibition.
The news
According to the Stanbase venture platform, cited by Spot, investors funded 17 local projects during the month. The $1.635 million total comes from 16 public deals; one startup did not disclose its funding amount.
The September ICT Week Uzbekistan exhibition served as the main venue for signing agreements. Market participants announced 12 of the 17 rounds on a single day at the Startup & Venture Summit conference.
What the data shows
IT Park Ventures and AloqaVentures emerged as the month’s largest investors in the Uzbek market. The funds focused on B2B solutions, e-commerce, and infrastructure projects.
Enterprise management system developer Bito ERP received the largest check: $300,000 from AloqaVentures. The service integrates sales, finance, inventory management, and HR.
Three projects raised $200,000 each:
- Corporate procurement marketplace Bigmart ($100,000 each from IT Park Ventures and AloqaVentures).
- Auto loan and leasing platform UrbanDrive ($100,000 each from IT Park Ventures and Yoshlar Ventures).
- AI marketing platform ORA. Public data diverges here: Spot reports that $150,000 from IT Park Ventures was joined by $50,000 from Cherry Ventures, while other industry resources simply call the second participant a “private venture fund.”
Layf, a platform for launching online stores and super apps, secured another $150,000. The project is developing partnerships with banks and logistics companies in Uzbekistan, Kazakhstan, Tajikistan, and Armenia. In the fintech segment, discount and cashback app Dcard raised $20,000 in a pre-seed round from Imkon Ventures.
What this means for the market
Venture capital in Uzbekistan is flowing into projects that digitize traditional business routines. Investors are choosing clear monetization models: warehouse automation, corporate procurement, influencer marketing, and auto loan platforms.