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    IT Park Ventures: The First Venture Investments in Uzbekistan’s Startups

    IT Park Ventures is making a confident entry into the venture investment arena, executing its first strategic deals totaling $650,000. This milestone sets a new benchmark for speed, efficiency, and scalability within Uzbekistan’s startup ecosystem.

    Following a rigorous selection process involving over 100 startups, the team conducted in-depth meetings with more than 50 companies before selecting the first portfolio ventures.

    Data-Driven Investments

    The selection process was based on comprehensive market analysis, financial modeling, and strategic forecasting. IT Park Ventures thoroughly assessed each startup’s business model, competitive advantages, and scalability potential, supplementing this evaluation with technical, financial, and legal due diligence. Unit economics calculations were performed, while research conducted by Plug and Play Tech Center provided valuable insights into market opportunities.

    To accelerate startup growth and position them for global expansion, IT Park Ventures collaborates with the Uzbekistan office of Plug and Play Tech Center, as well as its regional offices across EMEA and the U.S. through a local representative. Plug and Play Tech Center has played a pivotal role in the success of tech giants such as PayPal, Dropbox, and Rappi and continues to support high-potential ventures across fintech, AI, deep tech, and other sectors.  

    Following a comprehensive due diligence process, the selected projects were presented to the investment committee, where experts meticulously assessed their strategic vision, financial sustainability, and technological potential. The result — unprecedentedly swift transactions that set a new precedent for Uzbekistan’s venture market and further reinforce the country’s position as a regional hub for innovation.

    Innovative Startups in the Portfolio

    DATATRUCK: An Uzbek Solution for the U.S. Logistics Market — Next-Generation AI-Powered TMS

    Datatruck is a platform designed to automate financial and operational processes in freight transportation. It has secured $250,000 in a bridge round before Series A from IT Park Ventures. Datatruck’s innovative TruckGPT technology reduces manual operations by up to 60%, while integration with over 9,000 U.S. banks enables seamless synchronization of cash flows with orders, enhancing logistics management efficiency.

    "The freight transportation industry has long suffered from inefficiencies due to outdated systems and manual processes. At Datatruck, we aim to transform this by integrating operational management and financial processes through AI-driven automation. With investment from IT Park Ventures, we will scale our operations, strengthen our team, improve our product, and expand partnerships. Our primary focus is to eliminate key industry challenges, including fragmented financial processes, revenue losses, and operational inefficiencies, while also advancing fintech solutions and AI-driven agents to transform the freight market," stated Shokhrukh Rahmanov, Co-founder and CEO of DataTruck.

    More details: www.datatruck.io

    GEOMOTIVE: Digital Transformation of Outdoor Advertising — Reliable Analytics for Businesses and Advertisers

    Geomotive is a DOOH (Digital Out-of-Home) advertising marketplace that integrates LED screens into a unified platform. The startup has raised $200,000 in a Seed round from IT Park Ventures. The platform allows brands to manage advertising campaigns with the flexibility of digital advertising, utilizing geotargeting, automated purchasing, and precise performance metrics. Geomotive currently operates in Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Egypt, and Dubai, with plans to expand into Saudi Arabia, Qatar, Oman, Jordan, and the United Kingdom.

    "The support from IT Park Ventures is crucial for us, as it enables us to advance our product development, particularly in the Central Asian markets. Moreover, IT Park’s active international initiatives in MENA, Japan, and other regions provides a robust foundation for our launch in these countries," noted Alexey Khainovskiy, Co-founder and CTO of Geomotive.

    More details: www.geomotive.io

    UNITLAB AI: A Powerful Data Annotation Tool and AI Developers’ Assistant

    Unitlab AI is a platform for automating data annotation, managing AI models, and facilitating their training. The startup has secured $200,000 in a Seed round from IT Park Ventures. Unitlab AI’s technology accelerates data annotation by 15 times, reduces costs by fivefold, and saves up to 60% of engineers' time. The company, incorporated in Delaware, USA, previously raised $210,000 from 500 Global and Startup Wise Guys, along with $300,000 in grants from NVIDIA, AWS, and Google for Startups.

    "We are honored to be among the first portfolio companies of IT Park Ventures. More than just an investor, they are a reliable strategic partner that not only provides financial support but also actively facilitates connections with potential clients. The IT Park Ventures team possesses deep expertise in our market and product, offering valuable insights on scaling and sales development. We are confident that their strategic support will enable us to achieve new milestones and successfully expand into international markets," emphasized Shohrukh Bekmirzaev, Founder and CEO of Unitlab AI.

    More details: unitlab.ai

    IT Park Ventures: Investing in the Future

    Azamat Karamatov, CEO of IT Park Ventures:

    "These transactions represent not merely financial investments but a strategic milestone in the development of Uzbekistan’s venture capital ecosystem. They affirm that world-class innovations are being created within the country. Our mission extends beyond funding; we are committed to guiding startups toward global success. Notably, Datatruck has already established a presence in the U.S. market, while the majority of Unitlab’s users are based in the United States, Germany, South Korea, the United Kingdom, and Canada, highlighting their international demand and export potential. Meanwhile, Geomotive has successfully expanded across the CIS region and is now setting ambitious targets to enter the Middle East and North Africa (MENA) markets.”

    About IT Park Ventures

    Established under the Digital Startup Program by decree of President Shavkat Mirziyoyev No. PD-357 (October 14, 2024), IT Park Ventures provides strategic investments in startups across key sectors, including AI/ML, GreenTech, EdTech, FinTech, and Game Development. The fund offers investment ranging from $10,000 (idea stage) to $1 million (Series A), with an average ticket size of $150,000. In addition to financial backing, startups benefit from mentorship, access to an international network of partners, and government co-financing opportunities. The fund collaborates with leading investors from Central Eurasia and the United States.

    Already have a startup? Submit your application here: itparkventures.uz

    Latest news

    29 August 2025

    Xiaomi considers Uzbekistan as a service hub with access to CIS markets

    29 August 2025

    IT Park Cyber Cup 2025: tournament results

    28 August 2025

    IT Park University announces 100 grants for applicants from Fergana and Nukus

    27 August 2025

    IT Park Cyber Cup 2025: finalists announced

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    26 July 2025

    GBSF 2025 outcomes: Uzbekistan strengthens its status as an IT hub

    Tashkent hosted the Global Business Services Forum 2025 (GBSF 2025), one of the most prominent events of the year in the field of IT outsourcing and digital services. Organized by IT Park Uzbekistan with the support of the Ministry of Digital Technologies, the event convened approximately 450 participants representing 260 companies, including 237 international companies from 40 countries. Among the attendees were representatives of multinational corporations, startups, government agencies, and venture capital funds.

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    16 July 2025

    IT Park Uzbekistan and Berlitz strengthen cooperation in talent development

    IT Park Uzbekistan hosted a follow-up meeting between Makhliyo Muksinova, Services Export Development Director at IT Park, and Mr. Wilson Go, President of Berlitz Philippines. The meeting served as a continuation of the dialogue initiated by Abdulakhad Kuchkarov, CEO of IT Park Uzbekistan, and Fortuna Joy de Lara, CEO of Berlitz Philippines and Berlitz Uzbekistan.

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    10 July 2025

    IT Park Uzbekistan strengthens cooperation with member companies and supports business scaling

    Representatives of IT Park Uzbekistan held a series of working meetings with member companies — E-LINE PRESS, LEGALMAX CENTRAL ASIA, FINANCIAL CHAIN CORPORATION, and IONE — during which the prospects for further business development, the implementation of new projects, and projected volumes of export services were thoroughly discussed.

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    29 August 2025

    Xiaomi considers Uzbekistan as a service hub with access to CIS markets

    Abdulakhad Kuchkarov, CEO of IT Park Uzbekistan, held a meeting with a delegation from Xiaomi led by Wang Guifen, Business Development Director. During the discussions, the parties examined a model under which user support for CIS markets could be scaled from Uzbekistan through IT Park members, with a longer-term perspective on global expansion. Particular attention was given to increasing the volume of orders for Uzbek companies.

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    29 August 2025

    IT Park Cyber Cup 2025: tournament results

    From August 25 to 28, the IT Park Cyber Cup 2025 took place, organized by the Ministry of Digital Technologies and IT Park Uzbekistan, with sponsorship support from UPGrade. The tournament featured competitions in two disciplines — CS2 and Dota 2.

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    28 August 2025

    IT Park University announces 100 grants for applicants from Fergana and Nukus

    IT Park University is launching a grant program for graduates from Fergana and Nukus. Under this initiative, one hundred students will be provided with the opportunity to pursue their first year of undergraduate studies free of charge at one of the country’s leading IT universities. The program is aimed at supporting talented youth from the regions and creating favorable conditions for their successful integration into the IT sector.

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    27 August 2025

    IT Park Cyber Cup 2025: finalists announced

    The IT Park Cyber Cup 2025, organized by the Ministry of Digital Technologies in cooperation with IT Park Uzbekistan and sponsored by UPGrade, is taking place from August 25 to 28. The tournament features two competitive disciplines — CS2 and Dota 2. Over the first two days, the qualifying and semifinal matches were completed, determining the first finalists.

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    27 August 2025

    IT Park Uzbekistan and the Creative Industries Agency signed memorandum on game development

    Representatives of IT Park Uzbekistan, led by Services Export Development Director Makhliyo Muksinova, held a meeting with a delegation from the Creative Industries Agency (Moscow). The delegation included CEO Gyulnara Agamova and included Deputy CEO Alexander Bodrov, representing the ANO “Development of the Video Game Industry”. Following the discussions, the parties signed a memorandum of cooperation, and agreed to develop joint initiatives in the field of game development.

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    27 August 2025

    Uzbek–Japan ICT Forum to convene experts on IT outsourcing

    On 24 September 2025, the Uzbek–Japan ICT Forum will take place in Tashkent within the framework of ICT Week. The forum is expected to bring together more than 150 participants, including representatives of government institutions, the business community, academia, and international organizations.

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    26 August 2025

    Global Startup Awards — Central Asia Final to be held in Tashkent as part of ICT Week

    On 26 September 2025, Tashkent will host the Global Startup Awards — Central Asia Final, the regional stage of the world’s largest awards program for startups, organized within the framework of ICT Week. The event will bring together startups from eight countries, alongside leading industry experts, investors, accelerators, and media representatives, creating a significant platform to advance innovation in Central Asia and to strengthen the region’s role on the global stage.