Bearing fruit: VC funding growth rates in Caucasus and Central Asia now surpass Nordics

The venture capital market in Central Asia and Caucasus region is undergoing rapid expansion. Recent research shows that venture financing in the region is growing 5.5 times faster than in Nordic countries.

The start-up ecosystem in Central Asia and the Caucasus has seen considerable expansion recently, showcasing a developed environment ripe with successful start-ups, supportive foundations, and active business angels.

The transition from prioritising quantity to enhancing the quality of product development and…