ALMATY, Kazakhstan--(BUSINESS WIRE)--Mar 19, 2025--
Research by RISE Research, EA Group, MA7 Ventures, BGlobal Ventures, KPMG, and Dealroom.co shows Central Asia's venture capital market grew 7% to $95 million in 2024. The region now hosts over 1,800 startups and more than 100 active investors, representing significant ecosystem growth over the past five years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250319550326/en/
Kazakhstan leads with 74% of regional investments, attracting $71 million in 2024 for a total startup valuation of $710 million. Deal sizes grew significantly, with 40% ranging from $200,000-$500,000, compared to 62% under $200,000 in 2021. Foreign investors contributed 53% of funding, coming from the USA, UAE, UK, Saudi Arabia, Singapore, Azerbaijan, Turkey, Estonia, and others. Twelve Kazakhstani venture funds hold $157 million collectively, with 32% already invested and 44% raised from high-net-worth individuals.
Uzbekistan's market grew 2.7 times to $17.5 million across 38 deals, with average deal size quadrupling to $460,000. Local investors provided 52% of funding, while international investment decreased by 11% compared to 2023. Five new venture funds launching in Q1 2025 signal increasing activity, though the market remains focused on early-stage investments.
Kyrgyzstan attracted $1.7 million with 19% annual growth since 2022. Women-founded startups were prominent, accounting for one-third of deals but two-thirds of investment volume. While accelerators and hubs made the most deals (50%), venture funds (mostly foreign) provided 66% of capital, highlighting the importance of international connections.
Tajikistan reached $4.6 million in venture financing, focusing on halal fintech and AI credit scoring models, supported by tax incentives for startups in IT Park Dushanbe and a new $5 million fund. This represents the country's first significant steps in developing venture investment infrastructure.
Leading sectors across the region include AI, fintech, educational and medical technologies. However, later-stage funding remains scarce, pushing startups toward international markets. Currently, Central Asian founders have established 200+ startups in the USA, 50+ in the UK, and 20+ in the UAE.
Analysts predict continued growth and integration into the global ecosystem in coming years.
The study is available at the following link.
Research by RISE Research, EA Group, MA7 Ventures, BGlobal Ventures, KPMG, and Dealroom.co
ARLINGTON, Texas (AP) — Peyton Gray had visualized the moment so many times that he didn't feel nervous when finally making his big league debut — at age 30 after eight years through the minor leagues, independent ball and four winters outside the United States
Gray worked a perfect inning in his debut for the Texas Rangers on Thursday night, getting a groundout on his first pitch in the majors and ending the 6-1 win over the Pittsburgh Pirates with a strikeout of Konnor Griffin, the highly touted shortstop playing the day before his 20th birthday.
“That makes me feel pretty old,” Grey said with a smile. “Getting my first career strikeout on him is pretty cool.”
The Rangers promoted Gray from Triple-A Round Rock earlier Thursday when placing left-handed reliever Robert Garcia on the 15-day injured list because of left shoulder inflammation after he hadn't pitched in a week. Gray was the fourth reliever they used after two-time Cy Young Award winner Jacob deGrom recorded his 62nd career 10-strikeout game, getting those in 5 2/3 innings.
“It was awesome, and I was getting chills,” Rangers manager Skip Shumaker said. “The journey that he had to get to this spot, you could probably write a book about it.”
Gray found out about 10:30 p.m. Wednesday night, after Round Rock was rained out for the second day in a row in Sugar Land, Texas, that he was going to join the Rangers. He then called his parents in Columbus, Indiana, and they made the more than 900-mile drive to be at their son's big-league debut.
Each time the phone rang in the Rangers bullpen Thursday night, Gray got antsy thinking it could be his moment.
“When it was finally my turn, it was awesome. I wasn’t nervous I was more excited, prepared,” said Gray, who was asked later why he didn't feel nervous. “I think I visualized this moment so many times throughout my life. ... I feel like I’ve been a big leaguer already. I just haven’t been able to be on this stage yet.”
After needing only one pitch to get his first out, Gray got a flyout before facing Griffin, the teenager who two weeks ago agreed to nine-year, $140 million contract with the Pirates. The swing-and-miss for strike three was on an 83.4 mph changeup that catcher Danny Jansen blocked and then threw to first base to end the game.
“This game is amazing. I love this game so much because of stories like that,” Schumaker said. “You’re seeing a kid that just came out of high school not too long ago, and then another guy that has spent (time) trying to get his moment. ... For him to get a strikeout against a future All-Star over there. That’s what the beautiful part of this game is, you don’t see that in every sport. That just doesn’t happen. So yeah, pretty cool moment.”
After being in the Rangers’ minor league system last season, Gray impressed them in spring training this year as a non-roster invite. He had 2.53 ERA in nine appearances with 18 strikeouts and one walk over 10 2/3 innings.
The pitcher who will turn 31 on June 2 began this season at Triple-A Round Rock, where he threw 12 2/3 scoreless innings over seven games, going 1-0 with two saves, 15 strikeouts and two walks.
“Being the 30-year-old non-roster invite that doesn’t have any big league time, I don’t think they expected me to put up as many zeroes and throw as many strikes as I did,” Gray said in the Rangers clubhouse before his MLB debut. ”So I think I surprised them. I might have surprised myself a little bit too.”
After pitching at Florida Gulf Coast University, Gray’s professional debut was a short season with the Colorado Rockies’ affiliate in the Northwest League in 2018, and he stayed in their organization in 2019.
He spent 2021 in the Kansas City Royals’ organization, that between three different seasons for the Milwaukee Milkmen in the independent American Association. He pitched in the Dominican last winter, after the previous three winters in the Mexican Pacific League.
“That’s awesome. 30 years old, that it’s a long time and been through a lot,” deGrom said of Gray. “So for him to get up here and get to the major leagues is just a testament to how hard he has worked throughout the minor leagues and stuff. So very happy for him.”
AP MLB: https://apnews.com/hub/mlb
Texas Rangers relief pitcher Peyton Gray throws his first pitch in his major league debut to Pittsburgh Pirates' Nick Gonzales in the ninth inning of a baseball game Thursday, April 23, 2026, in Arlington, Texas. (AP Photo/Tony Gutierrez)
Texas Rangers relief pitcher Peyton Gray, left, celebrates with catcher Danny Jansen, right, after the team's win in a baseball game against the Pittsburgh Pirates Thursday, April 23, 2026, in Arlington, Texas. (AP Photo/Tony Gutierrez)
Texas Rangers relief pitcher Peyton Gray throws to the Pittsburgh Pirates in the ninth inning of a baseball game Thursday, April 23, 2026, in Arlington, Texas. (AP Photo/Tony Gutierrez)
Texas Rangers pitcher Robert Garcia throws to an Athletics batter during the sixth inning of a baseball game Thursday, April 16, 2026, in West Sacramento, Calif. (AP Photo/Scott Marshall)
