Our mission is to offer unique funds for those who believe the best opportunities for profit, impact and innovation can be found in frontier markets.

Strong returns

Strong returns

Private investments in Fund 1 have generated returns between 5x-7x

Unique deal flow

Unique deal flow

We have unparalleled access to deal flow in our regions of operation

Value added

Value added

We are indispensable to our founders, ensuring they reach their true potential

Strategic network

Strategic network

We invest alongside leading strategic and financial investors

Truly differentiated

Truly differentiated

A strategy generating a truly differentiated source of returns from frontier markets

We invest in frontier innovators

We look for businesses with the following characteristics:

  • They offer a product or service which solves an unserved, acute pain point in the economy
  • They provide a solution for a large addressable market
  • They are led by founders with a track record of successful implementation
Zoodmall: The largest cross-border eCommerce platform in Central Asia.
ZoodPay: Payment solution for online customers to buy local and cross-border items. The service targets customers across Central Asia and the Middle East.
Finmedia: FinTech business providing airtime advance, digital content and mobile financial services.
Inspiring Development: Microfinance Institution: Leading microfinance institution serving MSMEs in Uzbekistan.
Billz: SaaS enterprise software platform and ecosystem for SME retailers in Uzbekistan.
Smart Satu: A unique platform automating B2B and B2C relationships for retailers and distributors in the global FMCG market.
Arzon Apteka: A pharmaceuticals software company serving the entire value chain of distributors, pharmacies and consumers in Uzbekistan.
Zip24: An on-demand software or “Software-as-a-Service” (SaaS) startup that streamlines operations management functionalities for e-commerce businesses.
PeopleForce: HRM software for SMEs

Please get in touch for our complete portfolio deck

Once we have identified an attractive market, and a sufficient number of actionable deals, we will launch a Fund. Our Funds aim to offer a truly differentiated source of returns.

Blue Collar HRm Digitalising the frontier workforce Insights

Across frontier markets, blue collar workers are the backbone of economic growth yet they are poorly supported by technology for their Human Resources requirements. In this Sturgeon insight report we analyse the start-ups addressing this gap in the market, the solutions that have been developed and the challenges they face.

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B2B Marketplaces – The Holy Grail of Ecommerce? Insights

Having completed our investment in B2b marketplace Smart Satu, this Sturgeon Insights report explores the B2B model and the opportunity in frontier markets.

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A ‘new economy’ approach to frontier market investing Insights

In this edition of Sturgeon Insights, the team write about how the emergence of cheaper forms of technology and increased levels of connectivity have transformed the nature of investing in frontier markets.

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