Uzbekistan Leads Global Venture Capital Growth With 540% Surge
Uzbekistan recorded the highest growth in venture capital investment globally during the second quarter of 2026. Venture funding in the country increased by 539.7% year-on-year, according to a report from the analytics platform Dealroom.
Uzbekistan outpaced Kenya, which recorded a 325.7% growth rate. Austria, Ghana and Pakistan completed the top five with respective increases of 307.7%, 278.3% and 264.2%. China, Argentina, Ukraine, Croatia and the United States also placed in the top 10.
The growth in Uzbekistan stems from a low statistical base in the previous year combined with recent high-value transactions. Dealroom reported that funding was driven primarily by investments involving Uzum and TBC Uzbekistan.
These transactions helped the country attract more than $123 mln in venture capital so far in 2026. The estimated total value of the national startup ecosystem is now approximately $3.3 bn.
While Uzbekistan leads in proportional growth, the United States and China remain the largest international markets by total investment volume. The U.S. accounted for roughly 75% of all global venture funding during the first half of 2026.
Dealroom is an analytics platform tracking global startup development, venture investments and technology companies.
