Alchemist and IT Park Ventures Form Alliance to Boost Central Asian Startups

Deal News | Apr 23, 2025 | Alchemist Accelerator LLC

Alchemist and IT Park Ventures Form Alliance to Boost Central Asian Startups

Alchemist Accelerator, a venture fund and accelerator based in San Francisco, has entered a collaboration with IT Park Ventures, a platform from Uzbekistan, to support startups in the region. The memorandum of cooperation was signed during a visit by IT Park Ventures to the United States. This agreement enables Uzbek and Kazakhstani startups to scale in the U.S., while Alchemist's portfolio companies can leverage IT Park's support to enter the Uzbek market. The partnership will also host joint events and establish mechanisms for deals and project assessments.

Sectors

  • Venture Capital
  • Startups

Geography

  • United States – The Alchemist Accelerator is based in San Francisco, and the agreement allows startups to scale in the U.S. market.
  • Uzbekistan – IT Park Ventures is based in Uzbekistan, and the partnership aims to support Uzbek startups entering international markets.
  • Kazakhstan – The agreement mentions that startups from Kazakhstan can also benefit from the collaboration and scale in the U.S. market.

Industry

  • Venture Capital – The collaboration involves Alchemist Accelerator, a venture fund focused on developing and supporting B2B startups.
  • Startups – The core focus of the agreement is to evaluate and support promising startups from Uzbekistan and other Central Asian countries.

Financials

    Participants

    NameRoleTypeDescription
    Alchemist Accelerator LLCVenture Fund and AcceleratorCompanyA venture fund and accelerator based in San Francisco, specializing in developing B2B startups.
    IT Park VenturesStrategic PartnerCompanyA platform from Uzbekistan aiming to support startups in the region, focusing on Central Asian countries.