Kazakhstan and Singapore set up venture fund

AKIPRESS.COM - Baiterek National Managing Holding expands cooperation with Singaporean business to attract foreign investments for development of start-ups in Kazahkstan.
The agreement was signed on participation of the Baiterek Holding's subsidiary QazTech Ventures in $50 million worth Quest Ventures Asia Fund II.
QazTech Ventures will enter the fund as anchor investor with the capital of $10 million.
The jointly established fund will consider and finance the promising start-ups in Kazakhstan and Central Asian in next 3 years.