Qazaqstan Investment Corporation and Sturgeon Capital Agree to Establish Venture Fund for Central Asian IT Startups

Introduction

The Qazaqstan Investment Corporation (QIC), a private equity fund based in Kazakhstan, has partnered with the United Kingdom's Sturgeon Capital management company to establish the Sturgeon Emerging Opportunities II LP venture fund. The fund aims to provide financing opportunities to IT startups in Central Asia, focusing on the fintech, software, business products, and services sectors.