Caucasus Ventures

Caucasus Ventures is an early-stage venture capital firm headquartered in Baku, Azerbaijan, with a strategic focus on investing in technology startups across the Caucasus, Central Asia, Turkiye, and Eastern Europe. The firm primarily targets pre-seed, seed, and Series A funding rounds, seeking out innovative companies with strong scalability, endurance, and a clear vision. They are sector-agnostic, reflecting the developing vertical specialization in their target regions, but show a strong inclination towards technology-driven solutions with genuine R&D and engineering depth.

Established in 2022, Caucasus Ventures holds the distinction of being Azerbaijan's first venture capital fund. Its formation was a collaborative effort involving the Innovation and Digital Development Agency, PASHA Holding group of companies, and private investors, underscoring a public-private partnership model aimed at fostering the region's innovation ecosystem. The fund's authorized capital is 11.3 million manats (approximately $6.6 million), with significant contributions from its founding partners.

The firm's diverse portfolio includes companies such as Fromfolio, a global hub for industrial design talent; Lilitopia, an AI-powered platform for engaging learning; Positron AI, making advanced machine learning accessible; Glacies Biome, a science-meets-beauty skincare experience; Clopos, a restaurant POS system; and Gofar, focused on accessible EV charging. Other notable investments include Push30, Cognitiwe, TASS Vision, PLATMA, Turan, Cargon, Money Industries, KLIPY, Vivoo, JobEscape, and Porto, spanning various technology sectors.

The team at Caucasus Ventures comprises experienced investors and industry experts dedicated to supporting startups beyond just financial capital. They provide strategic guidance, mentorship, and crucial networking opportunities, connecting portfolio companies to local and regional markets through an extensive partner network. Key team members include Mammad Karim, a General Partner, and Samir Hajibayli, an Associate, who actively contribute to building synergy within the portfolio and fostering a robust startup ecosystem.