• A London-based investment boutique focused on building leading tech businesses in frontier markets

    Sturgeon focus on technology-enabled businesses that offer a product or service which solves an unserved, acute pain point for a large addressable market.

About us

Sturgeon is a leading frontier markets investment boutique. Sturgeon focuses on technology-enabled businesses that offer products or services which solve unserved, acute pain points for very large addressable markets. We partner with founders to build a more efficient, financially inclusive world.

When we invest, we put our global and local experience to work, helping portfolio companies maximise impact and financial returns.

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Senior investment team

Kiyan Zandiyeh

Chief Investment Officer

Kiyan is a pioneer of frontier markets VC investing. He has worked with many Founders such that their companies are today the leaders in their respective verticals.
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Rustam Mursalimov


Rustam has over 10 years of experience investing in Global Emerging Markets. Before Sturgeon, he worked as a lead portfolio manager at Gazprombank AM in Moscow. Prior to this, he co-managed more than US$1bn across Russia, Turkey, CIS and Emerging Asia.
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Robin Butler


Before Sturgeon Robin worked as an analyst at Arjan Capital, a frontier M&A boutique. Throughout his career, he has worked closely with early-stage digital startups. Robin has also spearheaded the integration of Sturgeon’s impact framework.
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Alex Branton


Alex has 10 years of investment industry experience both as an LP and a GP and brings with him an international network of strategic partners that adds significant value to our portfolio companies.
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Alijon Ravshanov


Alijon has 20 years of investment experience, with a proven record of success in frontier investing. He deployed over $200m as CEO of UzOman, working closely with the portfolio companies to support our ambitious growth targets.
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Senior advisor

Clemente Cappello


Clemente established Sturgeon to tap into Central Asia: a vast area of enormous potential and extreme complexity. Despite having now stepped away from direct frontier investing he remains an invaluable advisor to the team in his role as Chairman.
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An Unparralled Local Network

Sturgeon has an extensive network of corporate partners, financial co-investors, technical experts and operational leaders.

Are you a founder looking to accelerate the growth of your frontier business?

Please get in touch if you are a founder of a ‘frontier’ business with the following characteristics:
1) You offer a product or service which solves an unserved, acute pain point in a frontier economy
2) You provide a solution for a large addressable market
3) You have a track record of successful implementation





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