White Hill Capital invests over $1 million in startups across Central Eurasia

In June 2025, the fund's team and White Hill Capital took part in the region's leading investment forums and signed new agreements to invest in startups, with total investments exceeding $1 million. Highlights include:

Prometei.kz — a unique e-commerce super-app for anyone looking to start selling on marketplaces. The product brings together the essential tools for this: supplier connections, financing and B2B installment options, the ability to launch branded online stores, and promotion across eight major regional marketplaces. The investment agreement was signed at the Tashkent International Investment Forum.

Epsilon3.ai — a platform for generating synthetic data to train AI models, enabling analysis of large-scale data across finance, healthcare, and social welfare to support forecasting and funding decisions. The agreement was signed during the Central Eurasian Venture Forum in Almaty.

Porte.tech — a hotel management automation service also expanding actively in Saudi Arabia. The solution streamlines and automates check-in and check-out, reduces staff workload, and makes hotels and hostels more accessible for guests. Porte's founder, Aidana Aituarova, took first place in the startup battle at the INMerge Kazakhstan forum.

и— a restaurant POS system that simplifies business management, from Azerbaijan. The investment was announced at the international BakuID forum. Clopos helps food service business owners manage sales, staff, inventory, and finances from anywhere.

Push30 — another Azerbaijani project and existing portfolio company, which received follow-on investment in June to support its expansion into international markets. A graduate of Tumar Scale Up 1.0 in Saudi Arabia, Push30 is now actively scaling across the MENA region.

White Hill Capital is also supporting Xpence, one of Saudi Arabia's most successful FinTech companies, in opening local offices in Kazakhstan and Uzbekistan, hiring local teams, and scaling across Central Asia.

These deals mark a natural continuation of Tumar VC's strategy of backing ambitious tech companies with international growth potential. The fund's track record shows that a systematic approach, strong governance, and international partnerships can deliver consistent, scalable results.

Tumar VC is managed by White Hill Capital, which also oversees Tumar Innovation Hub in the UAE and Saudi Arabia, with support from Astana Hub and IT Park Uzbekistan. The group invests at early stages in promising projects and helps them scale into foreign markets, primarily across Central Asia, the Caucasus, and the Middle East.

Over the past year, most portfolio startups on average saw their valuations increase 1.5–2x, with top-performing projects growing 4–5x. The fund's minimum MOIC rose to 2.1x, and its maximum reached 2.4x. Among the fund's most successful portfolio companies are graduates of the Google for Startups program.

Tumar Venture Fund was established in 2021 as part of the "Fostering Productive Innovation" project, with support from the World Bank and Kazakhstan's Ministry of Digital Development, Innovation, and Aerospace Industry.