SparkLabs and Mirae Asset Launch a Venture Capital Fund for Central Asian Startups
Qazaqstan Investment Corporation (QIC), IT Park Ventures (Uzbekistan), Mirae Asset Venture Investment, and SparkLabs Group have signed a term sheet to create a new venture capital fund titled SparkLabs Mirae Silk Road Fund I LP. The fund will be managed by Mirae Asset Venture Investment and SparkLabs Group.
The signing ceremony occurred in Seoul during the state visits of the Presidents of Kazakhstan and Uzbekistan to Korea, coinciding with the first Central Asia–Republic of Korea Summit.
The establishment of the fund is expected to enhance investment collaboration between the participating countries and promote the growth of innovative businesses in the region.
Disclaimer: This press release has been distributed on behalf of the issuing organization. PR Gun acts solely as a distribution platform and has not independently verified the accuracy, completeness, or validity of the statements contained herein.