Uzbekistan's startup ecosystem reached a valuation of $4.3 billion in the first quarter of 2026, increasing by 28.2% over the period. According to Dealroom.co, the country ranked fourth in the world in terms of the five-year growth rate of its technology ecosystem's value, surpassing a number of emerging-market countries.
Over the past five years, the sector has grown 7.89 times, one of the highest rates in the world. At the same time, venture investment accelerated sharply: in the first quarter of 2026, funding volume reached $132.6 million, nearly 40 times higher year-on-year. The main contribution came from major deals in fintech and enterprise software, including investments in Uzum.
The market structure shows the dominance of fintech, e-commerce, and enterprise software, as well as growth in the edtech segment. Analysts note that Uzbekistan is gradually emerging as a regional technology hub with low costs and active government support, while investment momentum since 2024 has demonstrated a steady upward trend.