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Qazaqstan Venture Group to Invest up to $3 Million in MOST Accelerator Fund

MOST Accelerator Fund operates as a new-generation venture fund and follows a model similar to Y Combinator, combining early-stage investments with hands-on acceleration expertise. With a total fund size of $10 million, its core focus is scaling B2B solutions powered by AI from Central Asia.

MOST Accelerator Fund’s current portfolio includes five startups: PanDev, Call2Action, Athena AI, 4sell.ai, and MoonAI. Previously, IT entrepreneurs such as Murat Abdrakhmanov, Baizhan Kanafin, Alexander Bondarenko, and Alexander Doroshenko joined the fund as investors and partners.

The fund plans to invest in more than 35 projects, which, in addition to acceleration and capital, will receive expertise and support to enter Central Asian markets, including Kazakhstan, Uzbekistan, and other countries, with access to corporate customers, ecosystem partners, and investors.
Alim Khamitov, Managing Partner of MOST Accelerator Fund, commented:

“For us, the investment from a fund of funds is a sign of trust in our model. MOST Accelerator Fund is built as a platform that works with founders in a structured way, similar to the world’s leading accelerators, while focusing on the specific conditions of Central Asia. With the support of our partners and Qazaqstan Venture Group, we plan to finance more than 35 projects.”
Askar Bilisbekov, CEO of Qazaqstan Venture Group, added:

“For us, as the management company of the Alem Ventures Fund, this is an important step in implementing our strategy to support professional market players. We are deliberately entering into a partnership with MOST Accelerator Fund because we see strong potential in AI-driven B2B solutions. The combination of Alem Ventures Fund’s capital and the acceleration expertise of the MOST team will create a necessary ‘springboard’ for Kazakhstani startups, helping them not only secure funding but also systematically expand into international markets.”
For Qazaqstan Venture Group, this marks the third deal since the launch of the fund of funds, aimed at supporting institutional venture instruments in the region.

Background

Alem Ventures Fund is the first institutional venture fund of funds in the region, managed by Qazaqstan Venture Group. The fund focuses on investing in high-growth venture funds and supporting the technology sector.

MOST Accelerator Fund is a $10 million venture accelerator fund supporting AI-driven B2B startups from Central Asia. The fund’s portfolio includes 10 teams, each of which has passed a rigorous investment selection process and demonstrates strong potential for international market expansion.
2025-12-24 11:13 News