IT Park Ventures named Runner Up for Ventures Fund of the Year at Baku ID 25 by Nexus Awards

Deputy Director of IT Park Ventures, Dalerkhon Nodirov, participated in Baku Investment Day (BakuID). Within the framework of the competition, 12 technology startups from MENA countries and Asia presented their projects, representing sectors such as fintech, SaaS, B2B services, and consumer technologies. 

 

Baku Investment Day (BakuID) is a flagship event for startups and investors across Central Eurasia. The forum brought together over 100 investors, founders, and innovation experts, serving as an effective platform for the promotion of cutting-edge solutions and the attraction of capital.

 

 

Among the participating startups were: In2 — a cloud-based fitness management software used in over 20 countries; FromFolio — a career and networking platform for automotive designers; Xpence — a neobank tailored for startups and SMEs offering expense automation tools; Clopos — a real-time analytics POS system for the HoReCa sector; TASS Vision — an AI-powered retail analytics platform already deployed in over 1,000 stores; and other promising ventures.   

 

During the event, Uzbekistan-based TASS Vision secured an investment of $200,000 from Sabah.fund, marking a significant step in the company’s international expansion.

 

 

Additionally, Push30, a startup founded in Azerbaijan and recently entered the Uzbek market, secured $300,000 in funding from IT Park Ventures, along with an additional $300,000 from the private fund White Hill Capital. The startup offers a unified gym subscription service, enabling users to access fitness centers across different locations in a city. This initiative is aimed at strengthening Push30’s presence in the flexible fitness services sector and expanding accessibility.

 

 

Following the results of the forum, IT Park Ventures secured second place as "Venture Fund of the Year" according to Nexus Awards by Scale AI, reinforcing its standing as a prominent player in the regional venture capital landscape. The recognition highlights the fund's dedication to driving innovation and elevating Uzbekistan's startup ecosystem on the global stage.

 

The participation of IT Park Ventures in Baku Investment Day (BakuID) 2025 served as a further testament to Uzbekistan’s commitment to deepening its integration into the global venture capital ecosystem and fostering regional innovation capacity. The accolade awarded, along with successful investment deals and the expansion of international partnerships, further reinforces IT Park Ventures’ standing as a trusted strategic partner and highlights Uzbekistan’s increasing significance on the global map of technological entrepreneurship.