Sturgeon Capital, a London-based venture capital firm, announced plans to invest $35 million in early-stage startups in Central Asia, TechCrunch reported on Thursday. Through its latest fund, Sturgeon Emerging Opportunities II, the company will focus on fintech, B2B software, and marketplace business models.
Kiyan Zandiyeh, Sturgeon’s Chief Investment Officer, said: “Sturgeon’s on-the-ground presence in each market allows us to see all deal flow, due diligence it effectively, and provides true value add support post-investment.”
The fund, launched in February 2023, has already invested in Shikho (Bangladeshi edtech) and Oasis MFI (Central Asian fintech).
Founded in 2006, Sturgeon Capital was established by Clemente Cappello and has since become a leading hedge fund manager in frontier markets.