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KazakhstanPlatform

Asia · Pop. 20.6M · #40 startup ecosystem by EV

A public taster of the full Kazakhstan ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

1 Overview

🦄 Unicorns & $1B exits
4
Ever reached $1B · chart: new unicorns per year
🐎 Cumulative thoroughbreds
4
Chart: companies with tracked revenue history
Enterprise value
$21.1B
Actual EV series, 2015-2025

2 Largest rounds

Largest funding rounds in Kazakhstan

A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a Kazakhstan-headquartered company, grouped by Dealroom sector.

Largest rounds in Kazakhstan - 2026

Every $15M+ VC round into Kazakhstan-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

3 Startup hubs

Inside Kazakhstan: top 2 startup hubs

Sub-national ecosystems ranked by combined enterprise value, paired with their 5-year growth multiplier.

By enterprise value
1 Almaty $19.6B
2 Astana $1.4B
By 5-yr EV growth
1 Almaty 777×
2 Astana 38×

4 Startup funnel

Kazakhstan's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
52
Seed
21
Series A
11
Series B
1
Unicorn
3
Decacorn
1

* Conversion rates are derived from current counts.

5 VC investment

How much venture capital flows into Kazakhstan

VC investment into Kazakhstan-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage. Live from the Dealroom Next Gen API.

6 Notable companies

Top private companies in Kazakhstan

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 1
kaspi
Unicorns $1B+ valuation 3
Freedom HoldingHiggsfieldinDrive
Thoroughbreds+ $100M+ revenue 4
kaspiFreedom HoldinginDriveHiggsfield

7 Academia

Kazakhstan's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Kazakhstan.

University-linked startup formation
2
University spinouts
16
Total alumni-founded companies
10
Of which startups (<$15M raised)
5
Breakouts ($15M-100M)
1
Scaleups ($100M+)
University ranking By alumni who went on to found startups · 33 tracked
# University City Founders Companies
1 L.N.Gumilyov Eurasian National University Astana 25 28
2 KIMEP University Almaty 23 29
3 Nazarbayev University Astana 22 32
Unlock the full university ranking for Kazakhstan on Dealroom

8 Location comparison

How Kazakhstan stacks up

Compare Kazakhstan with similarly sized ecosystems in Asia — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.

$64.9B
$61.3B
$52.6B
$34.3B
$33.9B
Kazakhstan
$21.1B
$13.8B
$13.4B

Combined enterprise value of each ecosystem.

9 Patent intelligence

Kazakhstan startup IP portfolio: 3 patent families

Granted patent families assigned to startups headquartered in Kazakhstan. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.

Granted patent families
3
Filed by tracked startups headquartered in the country.
0.15 patents per million residents · #62 globally
Top patenting hubs
1 Astana 2
2 Almaty 1

10 Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Kazakhstan dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Kazakhstan's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Kazakhstan's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Kazakhstan's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Kazakhstan's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Kazakhstan
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Kazakhstan
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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Get the full Kazakhstan ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.