Caucasus Ventures
Venture capitalBaku · Pre-Seed–Series B · 5 people tracked
Investment thesis
The firm believes strong founders can emerge anywhere and is dedicated to backing entrepreneurial talent across the Caucasus, Central Asia, Turkiye, and Eastern Europe. Beyond funding, it provides strategic guidance and operational resources to help portfolio companies scale. When assessing founders, it emphasizes scalability (market size and the team's ability to adapt and innovate), endurability (financial stability and resilience through setbacks), and vision (clear long-term direction and the ability to inspire others). It also weighs market potential, team competence and experience, and the pace at which businesses hit key milestones.
Source: firm website, verified Aug 3, 2026.
Team · 5 people
from the firm's website
What they invest in
from 8 of 12 portfolio companiesSaaS ×5Consumer ×2Advanced Manufacturing ×1AI & Machine Learning ×1B2B Marketplaces ×1Circular Economy ×1Creator Economy ×1E-commerce ×1
HQs:United States×2Azerbaijan×1
Investments · 12 tracked
founders shown can be your intro pathClopos is a cloud-based point-of-sale (POS) system for restaurants and food service businesses that manages sales, inventory, employees, and finances across multiple locations.
FoodTechSaaS
PartnerMammad Karim· solo GP
Dopple matches family spending on essentials such as childcare, diapers, and formula using grant funding.
Impact & Social GoodSaaS
PartnerMammad Karim· solo GP
Fromfolio is a platform connecting industrial, transportation, interior, and fashion designers with job opportunities and clients seeking design talent.
B2B MarketplacesCreator Economy
PartnerMammad Karim· solo GP
PartnerMammad Karim· solo GP
GOFAR operates a mobile app that helps electric vehicle drivers locate, reserve, and manage charging stations.
Mobility & TransportationSaaS
PartnerMammad Karim· solo GP
Lilitopia is an educational platform offering mobile games, animated series, e-books, audiobooks, and music content for preschool-age children in Azerbaijani language, aligned with the Azerbaijan Ministry of Education's curriculum.
ConsumerEdTech
PartnerMammad Karim· solo GP
Packed AI provides a centralized platform for packaging and industrial manufacturing teams to collaborate on product development, specifications, and supply chain management.
Advanced ManufacturingEnterprise SoftwareSaaS
PartnerMammad Karim· solo GP
Positron builds purpose-built hardware and inference accelerator silicon for running Transformer-based generative AI models, offering inference appliances that map HuggingFace Transformers models onto the hardware and expose an OpenAI API-compliant endpoint.
AI & Machine LearningHardwareSemiconductorsLovelock, US
Thomas Sohmers(Executive Officer, Director)Mitesh Agrawal(Executive Officer, Director)
BoardRobert Reid(Director)
PartnerMammad Karim· solo GP
Co-investorsAsimov VenturesBanyan VenturesIneffable VenturesInvariantes FundNZVCOakseed Ventures+9 more
Recepta develops a digital receipts platform that replaces paper receipts, reducing waste and simplifying the purchase return process for consumers.
Circular EconomyConsumerE-commerceFintechMarketing TechRetail TechSaaSFairfax, US
PartnerMammad Karim· solo GP
Co-investorsTechstars
PartnerMammad Karim· solo GP
PartnerMammad Karim· solo GP
Portfolio news
latest coverage across their companies
Positron AI · siliconvalleyinvestclub.com · Jul 10, 2026
Frequently asked questions
- How many investments has Caucasus Ventures made?
- Caucasus Ventures has 12 tracked investments.
- What stage does Caucasus Ventures invest at?
- Caucasus Ventures invests at the Pre-Seed, Seed, Series B stages.
- What is Caucasus Ventures's typical check size?
- Caucasus Ventures typically writes checks of $50K – $2.5M.
- What sectors does Caucasus Ventures focus on?
- Caucasus Ventures focuses on AI & Machine Learning, Fintech, SaaS, Sector Agnostic.
- Where is Caucasus Ventures located?
- Caucasus Ventures is headquartered in Baku, AZ.
- Who does Caucasus Ventures co-invest with?
- Caucasus Ventures most often shares deals with Asimov Ventures, Banyan Ventures, Ineffable Ventures, among 9 tracked co-investors.
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