Profile
TUZ Ventures is a venture capital firm based in Astana, Kazakhstan, founded in 2019 by Fabio Ribeiro and a team of Silicon Valley entrepreneurs. The firm focuses on early-stage investments in Central Asia and the Caucasus, leveraging a diverse team of seasoned VCs and local experts. TUZ Ventures is known for its strategic approach to penetrating untapped frontier markets, having previously succeeded in regions like Indonesia and Nigeria.
The firm primarily invests in sectors such as fintech, logistics, artificial intelligence, e-government, and blockchain. It targets early-stage companies and operates with a focus on the Kyrgyz Republic, Turkmenistan, Afghanistan, Kazakhstan, Uzbekistan, Azerbaijan, Tajikistan, Mongolia, Armenia, Georgia, and Pakistan. TUZ Ventures does not publicly disclose specific check sizes but is known for its active involvement in the growth of its portfolio companies.
Notable investments by TUZ Ventures include zypl.ai - financial software, Expper Technologies - other hardware, and Puzl - business/productivity software. The firm has made 20 investments and achieved 20 exits, demonstrating its active role in the venture capital landscape of Central Asia.
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