BAKU, Azerbaijan, October 26. As of today, Caucasus Ventures venture firm has invested $300,000 in 6 startups, director of Caucasus Ventures fund Mammad Karim told reporters, Trend reports.
"Three of the six startups are from Azerbaijan, while the other three are from Turkey, Georgia, and Kazakhstan. The minimum investment in each business is $50,000, and if the idea is successful, the amount of investment can be increased to $200,000 in the future," he said.
The Caucasus Ventures venture fund was established in November 2022. The volume of investments in the creation of the fund is 11.3 million manat, or $6.6 million (five million manat, or $2.9 million invested by the Ministry of Digital Development and Transport of Azerbaijan, five million manat, or $ $2.9 - PASHA Holding, 1.3 million manat, or $764,705 are private investments).