Tashkent, Uzbekistan (UzDaily.com) — IT Park Ventures is making a strong entrance into the venture capital market with its first strategic investments totaling US$650,000. These deals not only set a new benchmark for speed and efficiency but also highlight the scalability potential of Uzbekistan’s startup ecosystem.

During the selection process, the IT Park Ventures team reviewed over 100 startups and held in-depth discussions with 50 companies before selecting the first portfolio residents. The project selection was based on a comprehensive market analysis, financial modeling, and strategic forecasting.

IT Park Ventures specialists conducted a thorough evaluation of each startup’s business model, competitive advantages, and growth potential, complementing their research with technical, financial, and legal audits. Unit economics calculations and analytics from Plug and Play Tech Center helped identify the most promising market opportunities.

To accelerate the scaling of startups and facilitate their entry into international markets, IT Park Ventures actively collaborates with Plug and Play Tech Center offices in Uzbekistan, the EMEA region, and the U.S. This global platform has previously contributed to the success of technology giants like PayPal, Dropbox, and Rappi, while also supporting innovative projects in fintech, AI, deep tech, and other cutting-edge fields.

Following a rigorous evaluation, the selected projects were presented to the investment committee, which assessed their strategy, financial stability, and technological potential. The result was record-breaking deals completed at unprecedented speed, setting a new trajectory for Uzbekistan’s venture capital market and reinforcing its position as a regional innovation hub.

Datatruck, an advanced Transportation Management System (TMS) platform developed in Uzbekistan for the U.S. freight transportation market, secured US$250,000 from IT Park Ventures in a bridge round ahead of its Series A funding.

Its proprietary technology, TruckGPT, reduces manual operations by 60%, while integration with over 9,000 U.S. banks enables seamless financial synchronization with orders, making logistics more efficient.

"Freight transportation has long suffered from inefficiencies due to outdated systems. We aim to change that by merging operational management and finance through AI-driven automation," said Shohruh Rahmanov, Co-founder and CEO of DataTruck. "The investment from IT Park Ventures will help us scale, develop our product, and expand partnerships, addressing key industry challenges."

Geomotive, a marketplace for digital outdoor advertising (DOOH) that integrates LED screens into a unified platform, raised US$200,000 in a seed round from IT Park Ventures.

The platform allows brands to manage campaigns with the flexibility of digital advertising, leveraging geotargeting, automated ad purchasing, and detailed performance metrics. Currently, Geomotive operates in Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Türkiye, Egypt, and Dubai, with plans to expand to Saudi Arabia, Qatar, Oman, Jordan, and the UK.

"Support from IT Park Ventures will enable us to scale our product, especially in Central Asia. Furthermore, IT Park’s international initiatives in MENA, Japan, and other regions provide us with a strong foundation for entering new markets," said Alexey Khainovsky, Co-founder and CTO of Geomotive.

Unitlab AI, a platform specializing in automated data labeling and AI model training management, received US$200,000 from IT Park Ventures in its seed round.

The technology accelerates data annotation 15 times, reduces costs fivefold, and saves up to 60% of engineers’ working time. The company, registered in Delaware, USA, had previously raised US$210,000 from 500 Global and Startup Wise Guys, along with US$300,000 in grants from NVIDIA, AWS, and Google for Startups.

"IT Park Ventures is not just an investor but a strategic partner helping us secure clients and scale our business. Their expertise and support accelerate our expansion into new markets," said Shohruh Bekmirzaev, Founder and CEO of Unitlab AI.

"Our investments are not just about funding; they are a step toward developing Uzbekistan’s venture ecosystem. We see world-class projects emerging here. Datatruck is already operating in the U.S. market, Unitlab AI has clients in the U.S., Germany, the UK, and South Korea, while Geomotive is rapidly expanding across the CIS and preparing to enter the MENA market," said Azamat Karamatov, CEO of IT Park Ventures.

IT Park Ventures was established under the Digital Startup Program by Presidential Decree No. PP-357, dated October 14, 2024. The fund invests in startups across AI/ML, GreenTech, EdTech, FinTech, GameDev, and other innovative sectors.

Investment ranges from US$10,000 (idea stage) to US$1 million (Series A), with an average ticket size of US$150,000. In addition to funding, startups receive mentorship, access to international networking, and co-financing from the government. The fund’s partners include leading investors from Central Eurasia and the U.S.