Fundraising FoxUzVC National Venture Capital fund
Fund of fundsTashkent · Pre-Seed–Seed · 7 people tracked
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Investment thesis
UzVC is a government-backed fund of funds operating under Uzbekistan's Ministry of Economy and Finance, dedicated to developing the national startup ecosystem. It backs exceptional local and international fund managers who are unlocking opportunities in Uzbekistan, Central Asia's fastest-growing economy, while also making direct startup investments. Beyond deploying capital, UzVC positions itself as an active ecosystem builder, running acceleration programs such as the Startup Growth Program and fostering connections between founders, investors, and government partners across the international innovation landscape.
Source: firm website, verified Nov 8, 2026.
Team · 7 people
from the firm's website
Abdulazal Toshxujayev is managing partner and deputy CEO at UzVC, a venture capital firm. He is co-founder of Spaceborne and serves as a board member at TASS Vision and AICA. His background includes expertise in venture capital investment, operations management, enterprise and project management, with additional knowledge in aeronautics, space, and defense technologies.
Marvin Liao is an investor and former operator who currently serves as an Investment Committee Member at Sukna Ventures and runs Sukna Holdings, an investment holding company. Previously a Partner at 500 Startups and Diaspora VC, he has invested in and worked with over 470 pre-seed and seed-stage startups across digital media, enterprise SaaS, fintech, and other sectors. He spent 10.5 years at Yahoo! in executive roles spanning sales, business development, ad operations, and marketing across multiple regions, most recently managing a business unit that achieved 100% year-over-year revenue growth.
Frequently asked questions
- What stage does UzVC National Venture Capital fund invest at?
- UzVC National Venture Capital fund invests at the Pre-Seed, Seed stages.
- What sectors does UzVC National Venture Capital fund focus on?
- UzVC National Venture Capital fund focuses on EdTech, SaaS, Sector Agnostic.
- Where is UzVC National Venture Capital fund located?
- UzVC National Venture Capital fund is headquartered in Tashkent, UZ.
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