Kazakhstan’s QazTech Ventures invests $10m to join V Global Fund

A general view of downtown with Kazakhstan's national oil company KazMunayGas (KMG) headquarters (front) in Astana, Kazakhstan, October 8, 2015. REUTERS/Shamil Zhumatov

QazTech Ventures JSC, the subsidiary venture capital arm of Kazakhstan’s Baiterek National Managing Holding, has signed an agreement to join V Global Fund, a venture capital investment fund set up by US-based 500 Startups.

Under the agreement, QazTech Ventures is planning to invest $10 million in V Global Fund to further support Kazakhstani startup projects. With this investment, the total capitalization of the V Global Fund stands at $150 million.

500 Startups has also evinced interested to work with QazTech Ventures for establishing an individual Thematic Fund with a focus on Kazakhstan.

“Investments of the leading venture company in Kazakhstani projects will increase the attractiveness of our country’s venture market and involve other key players,” said the chairman of the board of “Baiterek” NMH JSC, Aidar Arifkhanov.

As a part of Baiterek National Managing Holding, QazTech Ventures JSC was established to enable the development of technology entrepreneurship through the tools of venture financing, business incubation and technology consulting.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.