Kazakh fund-of-funds Alem Capital makes first public venture bet on Central Asia with Sturgeon Capital investment
Summary
Alem Capital Management, a Kazakh fund-of-funds manager, has made its first publicly disclosed venture investment in Central Asia by anchoring the $25 million final close of Sturgeon Capital's Central Asia VC fund. Alem also committed $5 million to Sturgeon's Emerging Opportunities II fund. Alem manages a fund-of-funds targeting $1 billion, making it the largest such vehicle focused on the region. Sturgeon's SEO II fund has made 11 investments across logistics, content infrastructure, and enterprise automation.
Source
bskyKazakh fund-of-funds Alem Capital makes first public venture bet on Central Asia with Sturgeon Capital investmentbriefly.coKey quotes
· 4 pulledAlem Capital Management anchored the $25 million final close of Sturgeon Capital's Central Asia VC fund, its first publicly disclosed regional startup investment.
Alem also committed $5 million to Sturgeon's Emerging Opportunities II fund, its first publicly disclosed regional venture bet as a fund-of-funds manager.
Alem manages a fund-of-funds targeting $1 billion, making it the largest vehicle of its kind focused on the region.
Sturgeon Emerging Opportunities II (SEO II) has made 11 investments and is completing a twelfth, spanning logistics, content infrastructure, and enterprise automation
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