Uzbekistan's startup ecosystem in 2025 showed astonishing growth, confirming the country's status as one of the leading technology hubs in Central Asia. Total investment reached $329 million — 5.2 times more than in 2024, the number of deals increased from 38 to 140, and the number of active startups increased from 400 to 750. Two companies have already achieved "unicorn" status with a valuation of over $1 billion, demonstrating the serious potential of the local market.
Most of the funding went to early-stage projects: seed rounds accounted for 61%, pre-seed — 31%, Series A and above — only 8%. At the same time, the main share of capital was provided by foreign investors — $293.7 million against $35.3 million of local funding. The average foreign deal amounted to $18.34 million, and the domestic one — $285 thousand, which emphasizes the active participation of international funds in the development of Uzbek startups.
In 2025, investment funds actively developed: IT Park Ventures created a portfolio of 70 projects with investments up to $1 million, AloqaVentures and UZVC supported the scaling of startups and the attraction of foreign capital. The leaders in the sectors were artificial intelligence, e-commerce, SaaS and ERP & CRM, reflecting the country's desire for digitalization and business automation.