Caucasus Ventures has invested in 3 new startups. The fund has thus increased the number of startups to 32.
Azerbaijani startup Lilitopia operates in the field of educational technologies and provides a platform for children focused on creativity, critical thinking and future skills.
Another local project FROMFOLIO is a platform that provides access to the global market for professionals working in the field of industrial design. The company provides an opportunity for designers to showcase and commercialize their work.
The fund also invested in Positron AI, operating in the United States. This was the first SPV (special purpose vehicle) transaction for Caucasus Ventures, jointly with 1517 Fund.
Caucasus Ventures has a capital of 11.3 million manat. The Innovation and Digital Development Agency invested 5 million manat in the fund, the PASHA Holding Group of Companies invested 5 million manat, and individual entrepreneurs invested 1.3 million manat. The General Partner of the fund is Mammad Karim. The Caucasus Ventures investment ticket volume is 50-200 thousand dollars.
