Ecosystems

South Caucasus & Central Asia startups are worth 4× their 2020 value

By Orla Browne and Dealroom Next-Gen API November 3, 2026

Startups founded or headquartered in the eight countries have raised $692M of venture capital in 2026 so far, more than in any full year. Almaty, Tashkent, Astana, Yerevan, Tbilisi and Baku each have more than 300 startups.