# QazTech Ventures

QazTech Ventures is a Venture Capital based in Astana, Kazakhstan.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Astana, Kazakhstan
- **Region:** Asia
- **Address:** Astana, Kazakhstan
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** qaztech.vc
- **LinkedIn:** https://www.linkedin.com/company/qaztech-ventures-jsc

## Regulatory record

- **Reports private funds:** No

## About

QazTech Ventures is a venture capital firm based in Nur-Sultan, Kazakhstan. It provides venture financing, business incubation, and technology consulting services to startups and businesses.

## Sectors

- AI/ML
- Enterprise Software
- FinTech
- Industrial Tech
- Mobility & Transportation

## People

- Adil Nurgozhin — Former Chairman of the Board of Directors

## Questions

### What was QazTech Ventures' relationship to the Kazakh government?

QazTech Ventures operated as the venture investment arm of Baiterek National Managing Holding, a sovereign development institution wholly owned by the government of Kazakhstan. The firm's mandate was to develop the country's venture capital ecosystem by committing state capital to international and domestic venture funds. Its single shareholder was Baiterek, placing it firmly within Kazakhstan's public investment architecture.

### How did QazTech Ventures invest?

QazTech pursued a fund-of-funds strategy, acting as a limited partner in venture funds managed by international firms including 500 Global and Quest Ventures. The firm also engaged in direct co-investment and ecosystem development, most notably through the Kazakhstan Digital Accelerator program in partnership with Quest Ventures. Its investment focus targeted early-stage and seed-stage technology companies.

### Does QazTech Ventures still operate?

No. In 2022, QazTech Ventures was merged into Qazaqstan Investment Corporation, a state-owned fund-of-funds that consolidates Kazakhstan's private equity and venture capital activities. QIC now manages the legacy portfolio and institutional relationships previously held by QazTech. There is no entity currently operating under the QazTech Ventures brand.

### Who did QazTech Ventures partner with internationally?

Confirmed international partners include 500 Global, Quest Ventures, and Pavilion Capital. QazTech served as a limited partner in 500 Global and Quest Ventures funds, and co-anchored Quest Ventures Asia Fund II alongside Pavilion Capital of Singapore. These partnerships connected Kazakh state capital to venture markets in Southeast Asia and beyond.

### What was the geographic scope of QazTech's investments?

QazTech focused on Kazakhstan and the Central Asian region while also gaining exposure to Southeast Asia through its fund commitments to managers like Quest Ventures. This dual-region strategy reflected both a mandate to develop the domestic startup ecosystem and a diversification play into more mature venture markets in the Asia-Pacific corridor.

## Related profiles

- [Qazaqstan Investment Corporation](https://altss.com/profile/qazaqstan-investment-corporation)
- [QBE Insurance Group](https://altss.com/profile/qbe-insurance-group)

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Last updated: 2026-06-03T20:00:00.000Z

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