{ Thesis }
UzVC is strategically deploying $100M+ as a fund of funds through 2030, with disciplined annual commitments of up to $20M to build a sustainable venture ecosystem.
In 2025, UzVC commits $12M to pre-seed and seed-stage VC firms that combine emerging markets expertise with a founder-first approach, advancing our mission as a strategic fund of funds to catalyze Uzbekistan's venture ecosystem.
{ Who we work with }
Our GP selection framework rests on 4 non-negotiable pillars that drive our investment decisions.
{ Filter 1 }
Emerging markets thesis
We're looking for GPs who can navigate both worlds - proven operators with deep emerging markets experience and global networks that matter.
Our ideal partners have a track record of success in high-growth frontier economies, can scale companies toward sustainable profitability, and know how to bridge ecosystem gaps between founders and institutional players.
Beyond just writing checks, we need ecosystem architects who can unlock strategic government relationships, secure diverse capital sources, and build pathways to international markets.
The winning formula combines local credibility with global exit potential - GPs who can demonstrate tangible economic impact while generating strong returns. And commitment matters - we expect our GPs to put skin in the game with 1:1 matching capital, ensuring we're truly building something transformative together.
{ Filter 2 }
Moat
Pedigree is nice, but we invest in GPs with that special something. They're founders themselves - building VC firms that become a beacon for the most talented builders in tech.
We're interested in our GPs' core mission - not just their next fund, but their vision for building an enduring institution that will shape the future of tech.
Like founders, the best emerging GPs are building from zero to one - we back those with true builder DNA. But here's the thing: we're relentlessly focused on finding good humans.
In today's hyper-competitive landscape, we invest in GPs who founders actually want in their corner - the ones who'll pick up that late-night crisis call and truly get the founder journey because they live it themselves.
{ Filter 3 }
Portfolio Construction
In venture, your fund size shapes every move you make. We partner closely with GPs to craft portfolios built for massive outcomes.
Ownership is everything in venture - even with exceptional founders, you need meaningful stakes to deliver strong returns. Our data shows the key benchmarks: Pre-Seed funds should target minimum 20% initial ownership relative to fund size, while Seed funds need at least 10%.
While our early-stage GPs might not always lead rounds, we back those who can write conviction checks that matter - maximizing ownership from day one.
This strategy means our funds can generate significant returns even without needing outlier outcomes in every investment.
{ Filter 4 }
Connected Networks, Unstoppable Ecosystem
Every GP brings their own unique doorway to exceptional founders. We curate our portfolio like a master key - systematically unlocking established networks while discovering tomorrow's new power nodes
Our deep diligence isn't just checking boxes - we map out how GPs are truly wired into their ecosystems. We validate their ability to write those critical first checks by going straight to the source: founders who've worked with them, their co-investors, and top later-stage VCs.
We look for three pillars in their ecosystem:
1. Direct lines to exceptional founders and teams
2. Strong relationships with top co-investors
3. Deep connections to follow-on capital in their market
But here's the reality of network evolution: First-time funds lean on their existing relationships to win deals. The real magic happens in later funds, where initial networks multiply through reputation, founder word-of-mouth, and the ultimate flywheel - a track record of backing winners that attracts even more exceptional founders
