The Rapid Rise of Kazakhstan Tech

Deep dive on Kazakhstan's tech ecosystem, which has skyrocketed in value in the past 5 years. Emerging markets are becoming global tech powerhouses. In partnership with Astana Hub

Key findings

• By 2024, 629 cities worldwide had at least one $1B+ startup, up from 11 in 2010.
• Tech ecosystems outside the US, China and Europe now attract 15-20% of global venture capital, up from less than 5% two decades ago.
• Kazakhstan's combined tech ecosystem value reached $26.1 billion in 2024, up from $1.4 billion in 2019.
• Kazakhstan's ecosystem value grew 18x from 2019 to 2024, ahead of Lithuania, India, the Bay Area, New York and Boston, the five ecosystems it is compared with.
• 2.88% of funded Kazakh startups become $1B+ unicorns, ahead of Israel at 2.27% and the United States at 1.27%.