In an important initiative aimed at strengthening technology startups in Kazakhstan and abroad, a new venture fund named bybcapital has been launched in Astana, Kazakhstan. This initiative saw the participation of renowned entrepreneurs Kenneth Rakishev and Asel Tasmagambetova as early investors, establishing a solid foundation for the fund's ambitious global expansion.
Charting new horizons for technology startups
bybcapital is poised to become a central player in the startup ecosystem, with a focus on developing B2B-SaaS companies with an eye toward cross-border expansion. The fund targets Central Asia and the Caucasus region and aims to encourage these startups to enter lucrative markets such as the US and Europe. Bybcapital's operations are directed by Askar Bilisbekov, a graduate of the Stanford Graduate School of Business and a rich track record in the Kazakh business and corporate world.
A mission that goes beyond investment
Commenting on the launch of the fund, Kenneth Rakishev highlighted bybcapital's commitment not only to financial investments, but also to a broader vision of fostering innovation and leadership within Kazakhstan and the wider region. “At bybcapital, we don't just invest in startups. We invest in the future,” Rakishev said. “At bybcapital, we don't just invest in startups. We invest in the future,” Rakishev said. He emphasized the foundation's mission to support the emergence of .
Leveraging Kazakhstan’s innovation ecosystem
Operating from the Astana International Financial Center (AIFC), bybcapital plans to leverage Kazakhstan's fast-growing financial and innovation ecosystem. AIFC's regulatory framework and business-friendly policies are expected to provide a favorable environment for the Fund's operations and portfolio companies, facilitating their growth and sustainable development. This strategic position underscores bybcapital's commitment to leveraging its founders' extensive experience and networks to propel Kazakh and Central Asian startups onto the world stage.
The launch of bybcapital marks an important milestone in Kazakhstan's efforts to foster innovation and support technology startups. With a clear focus on sustainable growth and cross-border expansion, the fund is well-positioned to make a lasting impact on the regional and global technology landscape and advance the vision of its founders and stakeholders. I'm in a position.
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