Investment thesis
Caucasus Ventures writes first cheques for post-MVP technology teams and stays close as they scale. Based in Baku and describing itself as the first venture fund in Azerbaijan, it invests across the Caucasus, Türkiye, Eastern Europe and Central Asia in fintech, SaaS, health, gaming and applied AI. Initial investments run from USD 50,000 to USD 100,000 with follow-on up to USD 200,000, alongside introductions to regional buyers and operator mentorship.
Past investments
| Company | Round | Date | Round size |
|---|---|---|---|
| Replenit Warsaw, Poland | Pre-seed | Apr 2026 | €2.1M |