16.02.2021

Singapore venture fund "Quest Ventures Asia Fund II"

On March 6, 2020, the Subscription Agreement to the Amended and Restated Limited Partnership Agreement (LPA), as well as the Supplementary Agreement to the Limited Partnership Agreement (Side Letter) between «Qaztech Ventures» JSC were signed and the «Quest Ventures Asia Fund II» venture capital fund totaling $ 50 million. According to the terms of the agreement, the jointly established fund will consider and finance promising start-up projects in Kazakhstan and Central Asia in the next three years.
The agreements provide for the Company's participation in the Singapore venture fund «Quest Ventures Asia Fund II». According to the terms of the agreement, the jointly established Fund will consider and finance promising start-up projects in Kazakhstan and Central Asia in the next three years.
within the framework of agreements with the Company, the Fund invested 500 thousand US dollars in a Kazakhstani startup in the field of HR solutions “Clockster”.
Also, within the framework of these agreements, from August to November of this year, an acceleration program of start-up projects of an international level called «Kazakhstan Digital Accelerator» was carried out with a representative office in Nur-Sultan. The goal of the program is to promote Kazakhstani start-up projects to the global market and develop the digital ecosystem of Kazakhstan.