SparkLabs, Mirae Asset launch fund targeting Central Asia startups
SparkLabs, Mirae Asset launch fund targeting Central Asia startups
SparkLabs and Mirae Asset are establishing a new venture fund targeting Series A and later stage startups across Central Asia.Kazakhstan’s QIC and Uzbekistan’s IT Park Ventures are set to participate as anchor investors in the fund.The fund will invest across sectors but will focus on AI native companies with proven business models ready to expand internationally.Portfolio companies will receive support for expansion into South Korea, the United States and the MENA region.