The European Bank for Reconstruction and Development (EBRD) is an investment firm established in 1991 to support the development of market economies and democracies in Central and Eastern Europe and Central Asia. As the largest single investor in the region, the EBRD focuses on private enterprises, investing primarily in minority equity positions and participating in private equity funds that target medium-sized companies seeking expansion. The firm mobilizes significant foreign direct investment and provides project financing for a variety of sectors, including banking, industry, and municipal services. It collaborates with publicly owned companies to facilitate privatization and restructuring efforts. The EBRD operates in countries committed to democratic principles and emphasizes strong corporate governance and environmental respect in all its investments. With a portfolio exceeding €130 billion across over 5,200 projects, the EBRD has also extended its financing initiatives to the Middle East and Africa, leveraging its expertise to foster economic growth and transformation.

Quest Ventures is a top venture capital firm in Asia. Anchored by Singapore's sovereign wealth fund, investors in Quest Ventures include sovereign wealth funds, institutional investors, family offices, and well-known senior executives and entrepreneurs in Asia. Venture Capital for Startups Since 2011, Quest Ventures has focused on an overarching ‘digital economy’​ strategy across Asia, and is a top venture capital firm in artificial intelligence, e-commerce and marketplaces, entertainment, finance, food, insurance, logistics, media, property, sports, and the Islamic digital economy. Portfolio companies include industry leaders such as 99.co, Carousell, Carro, Glife, Hepmil, Oddle, Shopback, VulcanPost, Xfers, and Yummy Corporation. Innovation for Enterprises In partnership with Silicon Valley’s pre-eminent Applied Innovation Institute, Quest Ventures’​ enterprise innovation initiative drives industry and corporate transformation for at-risk sectors based on world class research, local knowledge, and collaboration with startups. Sectors covered include alternative food, aviation, banking, insurance, logistics & transportation, oil & gas, and smart cities. Clients include Applied Materials, Coca-Cola, HP, Nissan, and Tencent. Impact Capital for Good Quest Ventures’ multi-dimensional environment, social and governance strategy was the first in Asia for a venture firm, and supports a range of social good initiatives across Asia for financial inclusion, gender, healthcare and education for all. Impact acceleration initiatives include advocacy, investment, world class partner benefits, and collaborations with the venture portfolio. Portfolio organisations include Ethis, Hatch, and Social Collider. Potential of Asia Asia’s potential is ultimately realized in its people. By the end of 2023, Quest Ventures’ portfolio of 100+ venture-backed companies operate in more than 150 cities across Asia, creating employment and advancement opportunities for more than 4,400 employees, while our Enterprise and ESG efforts directly impact thousands more.

UzVC is a state fund of funds to develop the local VC and a startup ecosystem.

International Finance Corporation (IFC), established in 1956 and headquartered in Washington, District of Columbia, is the private equity and venture capital arm of The World Bank Group. It focuses on fostering sustainable economic growth in developing countries by financing private sector investments and mobilizing capital in international financial markets. IFC provides a wide range of financial products, including loans, equity, quasi-equity, and advisory services, targeting sectors such as agriculture, forestry, financial services, education, healthcare, infrastructure, manufacturing, retail, tourism, and technology. The organization aims to support businesses and financial institutions in emerging markets to create jobs, improve corporate governance, and enhance environmental performance. IFC typically invests between $1 million and $100 million, often taking minority stakes but preferring majority ownership in its portfolio companies. It does not engage directly in the management of its investments and usually exits through domestic stock markets or other arrangements after several years. By focusing on initiatives that benefit underserved communities, IFC contributes to local economic development and improves the quality of life for people in developing regions.

MOST Ventures is a Kazakhstan-based privately-held venture investment firm which supports Central Eurasian technological startups building disruptive and globally scalable products. The company is part of the broader MOST Ecosystem which has been existing for over 12 years and providing financial and non-financial support to technology startups, including those involved in providing digital financial services powered by fintech, in the entire Central Eurasian region. MOST Ecosystem also includes UMAY Angels Club (a private club of select angel investors), MOST Business Incubator (incubation, acceleration and educational programs), MOST Hub (developing working infrastructure for startup founders and tech entrepreneurs across Central Asia), and MOST Media (media coverage for startup and venture developments in the region).

I2BF Global Ventures is an international venture capital firm with a global investment mandate. Established in 2005, I2BF Global Ventures has $400M+ under managment and it is currently investing from its fifth fund. The mission of I2BF Global Ventures is to seek out innovative and competitive companies across SaaS, Hardware Enabled B2B solutions (AI, IoT, AR, VR, robotics, RPA & automation), Digital Healthcare, and New Media, which it believes can lead the path to a brighter future. Since the first investment in 2006, I2BF Global Ventures has successfully backed 60+ startups and exited 12 companies. In keeping with its worldwide investment focus, I2BF Global Ventures retains a team of technology and sector experts in New York, London, and Los Angeles. This impressive team ensures a truly global venture capital strategy and a hands-on management approach.

AloqaVentures is corporate venture fund of Aloqabank that invests in pre-seed and seed stage startups

Kazakhtelecom JSC is a prominent telecommunications provider in Kazakhstan, offering a wide range of services to both individuals and businesses. Established in 1994 and headquartered in Astana, the company specializes in fixed and mobile communications, including local, long-distance, and international telephony services. It also provides data transfer, wireless communication, Internet, television, video surveillance, and website hosting services. As a leading internet service provider, Kazakhtelecom plays a crucial role in the country's digital economy, focusing on areas such as IT, the Internet of Things, security, and fintech. The company actively seeks partnerships with content producers and startups to enhance Kazakhstan’s digital transformation and offers its services across various segments, generating significant revenue from mobile telecommunications.

MyVentures is a global venture fund that specializes in funding early-stage technology startups that are at the forefront of shaping future industries. Their emphasis is on markets where the convergence of technology, innovation, and capital can foster lasting value and stimulate economic growth.

Founded in 2013, ICT Holding is a private equity firm based in Limassol, Cyprus. The firm invests in equity securities, investment funds, interest bearing securities, derivatives in international markets. The firm also seeks to make direct investments in companies operating in finance, mineral mining, precious metal mining, transportation, energy, materials, technology, automobiles, medical technology sectors.

Baring Vostok Capital Partners Limited is a venture capital and private equity firm based in Russia. It invests on early venture, acquisitions, buy-outs, growth capital, later-stage, mid-market, and medium-sized enterprises that operate in sectors such as natural resource extraction, particularly oil and gas; competitive industrial companies that operate in local or export markets; mass media and telecommunications; utilities; construction materials; specialty manufacturing; real estate development; residential real estate development; internet; software; retail; and service management. Baring Vostok Capital Partners was founded in 1994 and is based in Moscow, Russia with additional offices in Limassol, Cyprus and Gernsi, Channel Islands.

Investment, Consulting

Industrial Investors Group (IIG) is an international private equity investment firm.

Norton Rose Fulbright is a global law firm. They provide the world’s preeminent corporations and financial institutions with a full business law service. They have more than 3500 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia. Recognized for our industry focus, they are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Wherever they are, they operate in accordance with our global business principles of quality, unity and integrity. They aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact. Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients.

The European Bank for Reconstruction and Development (EBRD), established in 1991 and headquartered in London, is an economic development agency that focuses on fostering the growth of the private sector across various regions. It provides a wide range of banking products and services, including project financing, loans, equity and quasi-equity investments, and guarantees. EBRD supports sectors such as agribusiness, energy, manufacturing, and transport, serving clients in South-Eastern Europe, Central Europe and the Baltic States, Eastern Europe and the Caucasus, Central Asia, and the Southern and Eastern Mediterranean. In addition to financial services, the bank offers policy reform dialogue, advisory services, and trade finance to bolster economic development. EBRD also collaborates with financial intermediaries, including local commercial banks and equity funds, to enhance access to finance for small and medium-sized enterprises, promoting sustainable growth and investment in the regions it serves.

Founded in 2007, Samho Green Investment is a venture capital investment firm based in Seoul, South Korea. The firm prefers to invest in clean technology, nanotechnologies, biotechnologies, renewable energy, and agricultural technology sectors.

China Investment Corporation (CIC) is a sovereign wealth fund established in 2007 with approximately US$200 billion of assets under management. As of August 2013, the CIC has US$575.2 billion in assets under management.

Hanhong Private Equity Management Company Limited is a Beijing-based investment firm established in August 2009. Specializing in both direct investments and fund of funds, the firm targets private equity opportunities primarily within the mining industry, natural resources, ore trading, petroleum extraction, and the finance sector. Hanhong focuses on companies located in Central Asia, Kazakhstan, China, Japan, North America, and Europe, with a particular emphasis on domestic small-loan finance and mining companies. The firm also maintains an additional office in Shanghai, China.

Venture capital firm that backs and mentors growth-stage technology companies. Sistema_VC supports deep tech startups and brands that push the industry boundaries. With the team sourced from technology ecosystem we share our expertise and network to connect entrepreneurs with valuable professionals and prospect partners.

VEB Ventures fund was established by Vnesheconombank at the end of 2011 to invest in high technology projects of the Skolkovo Foundation. Key strategic goals of the Fund include support of the Russian government´s innovation programs, creation of innovation infrastructure in Russia, facilitation of advanced technologies transfer to Russia, and promotion of Russian innovations on the global market.

Aden Group is an integrated facility management service provider company.

Ceecat Capital is a private equity and private credit firm founded in 2005, with its headquarters in Luxembourg and additional offices in Istanbul, London, Bucharest, Kyiv, Moscow, and Almaty. The firm specializes in investments across emerging markets in Central and Eastern Europe, Turkey, Kazakhstan, and Central Asia. Ceecat Capital targets sectors including manufacturing, food processing, consumer goods, business services, energy and infrastructure, telecommunications, media and technology, transport and logistics, and healthcare. It focuses on companies with an EBITDA of at least EUR 2 million and equity ranging from EUR 10 million to EUR 30 million. The firm aims to support the growth and development of businesses in these key sectors.

EBRD Venture Capital Investment Program is the venture capital arm of the European Bank for Reconstruction and Development, established in 1991 and based in London. The program focuses on investing in early and growth stage companies, primarily within the technology sector. It targets firms located in Central, Southeastern, and Eastern Europe, as well as Central Asia and the Southern and Eastern Mediterranean. Through its investments, EBRD aims to support the development of innovative businesses in these regions, fostering economic growth and technological advancement.

NCH Capital offers private equity, agribusiness, real estate, and public securities investing. the company was founded in 1993 and based in New York.

Pelatro Plc ("Pelatro") provides proprietary software solutions to enterprise-level customers for various aspects of precision marketing for use in Business to Consumer applications, currently with a focus on providing software to telecommunication companies ("Telcos"). Pelatro's precision marketing solution, mViva, uses Big Data analytics to study Telcos' customer behaviour and customise promotions to customers.

А1 is the leading investment company in the Russian Federation, the key investment subdivision of Alfa-Group, one of the major private financial & industrial consortiums in the country. А1 is investing into promising companies of the most dynamically developing segments of the economy of the Russian Federation and neighboring countries in order to create the sustainable, competitive enterprises having the efficient system of corporate and management structure. А1 is investing its own funds, and, acting as the managing company, the capital of its investors, first of all, that of the Alfa-Group stakeholders. A1’s operation is demanded by the economy of the Russian Federation and the society in general. The A1 projects gave birth to such companies as Alfa-Bank, TNK-BP, VympelCom, X5 Retail Group, Rosvodokanal Group of Companies, which further have become not only the Alfa-Group’s strategic business lines, but also gained significance for the entire country’s economy. A1’s operations are aimed at improvement of the corporate governance quality in portfolio companies, significant increase of capitalization, achievement of financial sustainability and transparency of the enterprises, and, ultimately, at improvement of investment attractiveness and competitiveness of the national economy. А1 is a leading expert in complicated economic and corporate cases. The instruments of the Company enable highly efficient accomplishment of all types of investment projects, including crisis management and settlement of the tangled cases.

Eurasian Development Bank provides banking, credit and investment management services to infrastructure, power chemical and IT industries.

Horizon Capital is a private equity firm in Ukraine backed by over 40 institutional investors, managing funds with assets under management of over $1.1 billion and a tenure of 25 years in the region. The firm is an active, value-added growth equity investor, investing alongside visionary entrepreneurs leading transformational businesses in Ukraine and the near region. Our investment strategy focuses on export champions in technology, e-commerce and other innovative industries. We are known for our strong team, high integrity and governance, value creation and track record of successful investments.

Kazakhstan Potash Corporation Limited is a mineral exploration company focused on the identification, acquisition, exploration, and development of potash resources in Kazakhstan. The company owns interests in several key projects, including the Zhilyanskoye project, which spans 88 square kilometers in Aktobe Province, the Chelkarskoye project covering 779 square kilometers in northwestern Kazakhstan, and the Satimola deposit located in West Kazakhstan Province. Established in 2010 and based in Melbourne, Australia, Kazakhstan Potash aims to supply fertilizer products to both the burgeoning Chinese market and the domestic market in Kazakhstan, thereby contributing to the agricultural sector in the region.

Tau-Ken Samruk JSC is a national mining company based in Astana, Kazakhstan, established in 2009. The company specializes in the exploration, mining, development, production, processing, and marketing of solid minerals. Its operations encompass a diverse range of minerals, including copper, zinc, lead, gold, iron, wolfram, chromium, rare metals, and tin. By implementing innovative and efficient technologies, Tau-Ken Samruk aims to enhance productivity within the mining and metallurgical sectors in Kazakhstan, contributing to the country’s economic development and resource management.

Russian Direct Investment Fund is a Russia’s sovereign wealth fund with reserved capital of $10 billion under management. Working alongside the world’s foremost investors, we make direct investments in leading, as well as promising, Russian companies. RDIF attracted over $40 billion of foreign capital into the Russian economy through long-term strategic partnerships

Nostrum Oil & Gas is an independent multi-field oil and gas company engaging in the production, development and exploration of oil and gas.

Elbrus Capital Funds are CIS-focused private equity funds with US$1 billion of assets. Since the establishment of the first fund in 2007, Elbrus Capital Funds have made over 90 acquisitions. The funds focus on investments in leading Russian and CIS companies looking for further growth and consolidation opportunities. The funds seek to acquire controlling or significant minority equity stakes in fast-growing businesses, and partner with entrepreneurs who have the ambitions to take their business to the next level of development. Since the foundation, Elbrus Capital Funds have invested in 18 platforms across different industries, including the leading players in the digital area (HeadHunter, Mail.ru Group, CIAN Group), FMCG (Great Beer Holding), outsourcing and logistics (DPD Russia, PickPoint, OSG Records Management, Intercomp), private healthcare (National Medical Network), media (UTH, Vyberi Radio) and others.

CIG is an investment company and a one of the largest venture capitalist in East Europe. The company helps to develop projects at all stages of development – from start-ups operations to firms that have been active for several years. CIG aims to seek to scout out the most talented, creative future partners who are ready to take their businesses to the next level. The CIG investment philosophy is based on a cooperation with the current owners of investment projects, rather than commercial takeover. CIG’s primary investment priorities lie within the sphere of innovative development and technologies – particularly those that focus on the IT sector and the Internet.

Zubr Capital is is a private equity firm focused on investments in private, fast-growing companies in the TMT sector. 10+ years of PE experience as a team. Key investors: The European Bank for Reconstruction and Development (EBRD), FMO (Dutch Development Bank), Wargaming. 20+ investments with track records of successful exits Zubr Capital is focusing on the development of capital markets, the creation of a financial ecosystem, and the promotion of equity investments among entrepreneurs in the region. Zubr Capital has developed internal expertise in a number of industries, including e-commerce, fintech, SaaS, IT services, etс.

Almaz Capital is an international venture capital firm investing in early stage, capital efficient technology companies. A unique bridge fund headquartered in Silicon Valley, Almaz Capital connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and helps build global businesses. The firm invests in high-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group. Founded in 2008, Almaz Capital has invested in over 30 portfolio companies and has had nine exits to date.

Caspian Sunrise PLC engages in the exploration and production of oil and gas properties. It holds 58.41% interests in the BNG contract area, which covers an area of 1,702 square kilometers located in the Mangistau Oblast.

SEAF is an investment firm that provides growth capital and operational support to businesses in emerging markets. It was founded as a private equity investment subsidiary of the development organization CARE. Through the firm's network of office, it invests in entrepreneurs to seek to build successful businesses, hoping to realize both attractive returns for its investors and a measurable development impact in local communities. SEAF pursues a high impact on economic development through the investment of risk capital in entrepreneurs, coupled with active business partnership and the transfer of knowledge and networks developed over the years of operation. Bert van der Vaart and Tom Drum established the firm in Washington, District of Columbia in 1989.

Gazelle Finance is a private equity and venture capital firm headquartered in Tbilisi, Georgia, with an additional office in Yerevan, Armenia. The firm focuses on early-stage, mezzanine, and growth capital investments, primarily targeting high-growth small and medium-sized enterprises in the Eurasia region, including countries such as Georgia, Armenia, Kyrgyzstan, and Moldova. Gazelle Finance seeks minority equity stakes and avoids investments in sectors such as weapons, tobacco, hard alcohol, and gambling. The firm's investment areas include agribusiness, light industry, transportation and logistics, healthcare and education, hospitality and tourism, as well as retail and trade services. Gazelle Finance typically aims for long-term investments, holding them for about five years, and prefers to exit through trade sales or public listings.

Clearwater Capital Partners provides investors with access to a full spectrum of special-situation investments in public and private debt or equity of local, Asia-region issuers. In doing so, Clearwater also assists owners and management, particularly of the region's often capital-constrained small-to-medium-sized enterprises (SMEs), to create financial and operating restructurings that will allow their companies to succeed. In addition, by facilitating these successful restructurings, the firm has become a valuable and trusted resource to the region's banks, brokers and other business intermediaries.

Verny Capital is an investment management firm that specializes in making direct equity investments in private companies. By acquiring a controlling or significant minority stake in private companies in Kazakhstan and in other CIS countries, Verny Capital is actively involved in their strategic and operational management. Verny Capital is committed to developing long-term value by investing in and building enduring companies through the alignment of interests between investors and management and providing financial, operational and strategic resources and direction.

Singulariteam was founded in 2012 and is headquartered in Tel Aviv. With four offices located around the globe, Singulariteam acts as a super angel investor. The fund focuses on investing in advanced, new, and disruptive technologies. One of the fund’s main locations for investment is Israel - internationally acknowledged as a hotbed for cutting-edge hi-tech companies. Singulariteam’s current investments are primarily focused on artificial intelligence technologies, augmented and virtual reality, robotics, and nanotechnology. Investments made by Singulariteam are first and foremost based on the synergy between people and technology. In the world of venture capital investment, the leaders of the Singulariteam are experienced in quickly assessing people and their ideas. Singulariteam’s professionalism enables the firm to determine the potential for success of creative, daring people, with visionary ideas and the technological know-how to back them up. The team emphasizes the development of long-term partnerships from the earliest stages onwards, through constant involvement and the provision of top-level professional support.

Soon after its founding in 1989, The Bancroft Group, LP’s early business was providing mergers and acquisition advice to US companies seeking to buy assets or establish operations in Central and Eastern Europe. In the early 1990s Bancroft started making acquisitions for its own account, and in 1996 launched Bancroft Eastern Europe Fund, L.P. to make private equity investments in Eastern Europe. In November, 2002, their second fund, Bancroft 2 was launched. Its geographical coverage was extended to include Turkey. In June 2008, Bancroft 3, L.P. was launched, a fund targeting the same region as Bancroft 2.

Chocofamily is the largest e-commerce holding company, the winner of the "Best Employer of Central Asia 2017" award, which was included in the top ten of the "50 largest Internet companies" rating according to Forbes! Our holding includes 8 projects (Chocolife.me, Chocotravel, Aviata, Chocofood, Lensmark, Idoctor, Rakhmet, BeSmart), each of which is a leader in its field. We are proud that our employee loyalty index is 81%. The company was founded in 2011 and today it is recognized as one of the fastest-growing in Kazakhstan - the turnover over the past 7 years has increased 131 times. In any activity, we adhere to our mission: "Increase the number of happy people."

Xevin Investments offer include investment and advisory services. The fund is interested both in companies and projects in the initial phase of development, unable to achieve further business goals due to insufficient capital, and in thriving companies in need of additional investment to achieve their milestones in the pursuit of competitive advantage.

Highland Gold Mining Limited is engaged in establishing a portfolio of gold mining operations within the Russian Federation. The Company operates in four segments: gold production, polymetallic concentrate production, development and exploration, and other. The gold production segment comprises two segments, namely Mnogovershinnoye (MNV) and Belaya Gora (BG). The polymetallic concentrate production segment contains Novoshirokinskoye (Novo). The development and exploration segment contains entities, which hold licenses in the development and exploration-stage, including Kekura, Klen, Taseevskoye, Unkurtash, Lubov and related service entities, including Zabaykalzolotoproyekt (ZZP) and BSC. Mnogovershinnoye is located in the Nikolaevsk area of the Khabarovsk Territory in the far-east of the Russian Federation.

Cameco is one of the world's largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Our competitive position is based on controlling ownership of the world's largest high-grade uranium reserves and low-cost operations. Much of our success is built on strong partnerships with aboriginal communities, particularly in northern Saskatchewan. As Cameco mines, mills and explores for uranium, maintaining and growing strong relationships continues to be a priority. Cameco has a five-pillar approach which provides a strong foundation through business development, workforce development, community engagement, environmental stewardship and community investment that has helped secure public trust and support for our operations. Cameco’s uranium products are used to generate clean electricity in nuclear power plants around the world. We also explore for uranium in the Americas, Australia and Asia. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan.

Central Asia Metals plc is a mining and exploration company.

AltaIR Capital manages funds that invest in the world's most promising companies with disruptive ideas and great return potential. They invest in early and growth stage startup companies in various sectors. Its portfolio companies represent key players of the startup industry, top incubator graduates, and promising teams.

DEA Deutsche Erdoel AG, headquartered in Hamburg, Germany, was involved in the exploration and production of natural gas and crude oil both domestically and internationally. The company held production and exploration licenses across several countries, including Germany, Algeria, Denmark, Egypt, Ireland, Libya, Norway, Suriname, and Turkmenistan. As of January 1, 2017, DEA reported proved plus probable reserves totaling 667 million barrels of oil equivalent. Originally founded in 1899 as RWE Dea AG, the company rebranded to DEA Deutsche Erdoel AG in March 2015. With a workforce of approximately 1,150 employees, DEA had extensive experience in the upstream oil and gas sector until its acquisition by Wintershall Dea GmbH in May 2019.