Sturgeon Capital Fund: Empowering Tech Innovation in Central Asia

The International Finance Corporation (IFC) is investing USD 5 million in Sturgeon Capital’s new venture fund, which targets fintech, agritech, healthtech and edtech startups in Central Asia. The fund aims to help entrepreneurs scale their businesses, improve operational efficiencies and create jobs. Despite the region’s potential to generate USD 300 million in annual digital revenue by 2030, startups often struggle to raise capital. The funding is being provided as part of IFC’s Startup Catalyst Program, which has supported over 2,800 entrepreneurs in 24 countries since 2016.