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    Verifix attracts $400,000 in investment from IT Park Ventures and AloqaVentures

    The Uzbek startup Verifix has secured $400,000 in funding from state-backed venture capital funds IT Park Ventures and AloqaVentures, with contributions of $150,000 and $250,000, respectively. The investment will be directed toward strengthening the company’s team, enhancing its product offering, and expanding into new markets across Central Asia and the Middle East.


    Verifix is an Uzbek startup that has developed a digital document management platform, which includes features such as digital signatures, secure storage, and corporate document workflow management. Fully compliant with the legislation of Uzbekistan, the solution enables organizations to transition to a fully digital document workflow. Verifix facilitates the automation of business processes, reduces operational costs, and enhances internal transparency. 


    At present, Verifix is utilized by over 200 organizations, including banks, insurance companies, logistics providers, and retail businesses. The company intends to expand into markets demonstrating a growing demand for digital HR and document management solutions — particularly in the HoReCa sector, retail, distribution, and manufacturing.


    Azamat Karamatov, CEO of IT Park Ventures, emphasized that Verifix is not merely a product but a foundational infrastructure component for the digital transformation of critical sectors of the economy. According to him, the startup demonstrates maturity, adaptability, and a deep understanding of the market, making it well-positioned to scale beyond Uzbekistan.


    Islambek Sanakulov, Investment Manager at AloqaVentures, noted that Verifix has already demonstrated its value through partnerships with leading industry players. The company supports businesses in enhancing transparency, operational discipline, and process manageability. He added that this investment aligns with the fund’s strategic focus on backing scalable solutions in high-potential regions.”


    Mumin Salimov, Co-founder and CEO of Verifix, underscored that the investment will significantly accelerate the platform’s development, facilitate team expansion, and reinforce the company’s position in international markets.


    “We believe that a systematic approach to human capital management will be a cornerstone of future organizational success,” he noted.


    The joint investment from IT Park Ventures and AloqaVentures in Verifix stands as a clear example of how strategic partnerships among venture capital funds can foster the growth of high-potential startups and catalyze new drivers of growth in the digital economy. Such collaboration bolsters support for export-oriented teams, promotes the development of innovative solutions, and strengthens Uzbekistan’s position as a reliable player on the global technology stage.

    Latest news

    01 August 2025

    Outcomes of the visit to China: New opportunities for startups from Central Asia

    31 July 2025

    IT Park Ventures completes its first investment under the 1+1 co-investment mechanism: $100,000 in TASS Vision as part of a €1.3 million funding round

    31 July 2025

    IT Park University graduates its first cohort: 80% already employed in Uzbekistan’s leading IT companies

    30 July 2025

    Pitch & Rise: Women on the startup stage — investing in the economy of the future

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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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    01 August 2025

    Outcomes of the visit to China: New opportunities for startups from Central Asia

    The delegation from IT Park Uzbekistan, led by CEO Abdulakhad Kuchkarov, has concluded a visit to Shanghai, where it participated in the World Artificial Intelligence Conference (WAIC) and held meetings with Chinese companies to explore cooperation in the development of the startup ecosystem, venture capital investment, and strengthening partnerships.

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    31 July 2025

    Verifix attracts $400,000 in investment from IT Park Ventures and AloqaVentures

    The Uzbek startup Verifix has secured $400,000 in funding from state-backed venture capital funds IT Park Ventures and AloqaVentures, with contributions of $150,000 and $250,000, respectively. The investment will be directed toward strengthening the company’s team, enhancing its product offering, and expanding into new markets across Central Asia and the Middle East.

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    31 July 2025

    IT Park Ventures completes its first investment under the 1+1 co-investment mechanism: $100,000 in TASS Vision as part of a €1.3 million funding round

    TASS Vision, a startup specializing in the development of intelligent AI-powered cameras for offline retail, has successfully closed an investment round totaling €1.3 million. One of the key participants in the round was IT Park Ventures, the state venture fund of Uzbekistan, which invested $100,000 as part of the country’s first transaction under the 1+1 co-investment mechanism — introduced by the Resolution of the President of the Republic of Uzbekistan dated 14 October 2024, “On measures for the further development of the startup ecosystem and venture financing.”

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    31 July 2025

    IT Park University graduates its first cohort: 80% already employed in Uzbekistan’s leading IT companies

    The first graduation ceremony of IT Park University students took place at IT Park Uzbekistan — a milestone marking the beginning of a new chapter in the university’s history. This day signified not only the culmination of academic studies but also the validation of the core principles upon which ITPU was founded — practicality, boldness, and a readiness for transformation. Of the 75 graduates, more than 80% have already received employment offers from companies such as EPAM, IT Park, TBC Bank Uzbekistan, Payme, Alif, and Beeline.

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    30 July 2025

    Pitch & Rise: Women on the startup stage — investing in the economy of the future

    The Ministry of Digital Technologies hosted an open event titled “Pitch & Rise: Women on the dtartup stage”, which brought together around 70 active participants from across the country. The initiative, organized by Startup Garage in collaboration with the Ministry of Digital Technologies, with the support of IT Park Uzbekistan, the Association of IT Education, and the GAP project, aimed to foster women’s involvement in the startup ecosystem, unlock their innovation potential, and strengthen their role in the country’s digital economy.

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    29 July 2025

    AI with an Uzbek accent: the journey of Asad Usmonov from Surkhandarya to a U.S. startup

    The journey of Asad Usmonov, currently serving as Lead Engineer at the U.S.-based AI startup Numeo, began in Surkhandarya, where he started programming at the age of 14—sparked by a YouTube interview with Akmal Kadyrov that left a lasting impression. Today, he is contributing to the development of voice AI technologies that are reshaping business process automation. IT Park Uzbekistan spoke with Asad about his sources of inspiration, the challenges he has faced, and his future plans.

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    28 July 2025

    EcoSmart explores the possibility of establishing an office in Uzbekistan

    Representatives of IT Park Uzbekistan, led by Azizbek Yusupov, Head of the MENA Region, held a meeting with Abdussalam Arakkal, Co-founder of EcoSmart. During the discussions, the parties explored the prospect of opening a back office in Uzbekistan and forming a team of developers focused on exporting IT services to the Gulf countries.