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The Venture Codex

IT Park VC

4 Tepamasjid str., Tashkent, Mirzo-Ulug'bek district, 100164, Uzbekistan

Overview

At IT Park Ventures, we foster a thriving ecosystem for growth and talent by supporting startups on their journey to international success. We specialize in early-stage tech startups with global potential, helping them scale and succeed. With a $10M capital fund, we are dedicated to transforming innovative ideas into successful ventures. Beyond investments, we offer startups and young innovators mentorship programs, expert guidance, and tailored support to help them thrive. Join us as we shape the future of tech entrepreneurship!

Total investments
4
Lead investments
3
Investments · 12mo
3
Active investors
1
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Investment portfolio

  • Makon AI

    Led · Seed · Jun 2026

    Makon AI offers an AI-driven SAT preparation platform featuring adaptive study plans, practice questions, full-length mock exams, and an AI tutor. The company serves students in more than 20 countries. It completed the Alchemist Accelerator program in 2025, gaining access to mentorship and a global investor network. Following the accelerator, Makon AI raised a $300,000 seed round to accelerate product development, expand its team, and pursue international growth. The startup is positioned as an early-stage player in personalized, AI-driven education for standardized test preparation.

  • Ayan

    Led · Equity · Jun 2026

    Ayan Capital, founded by Abdullo Kurbanov, Firdavs Mirzoev and Zuhursho Rakhmatulloev, operates as a London-based Islamic fintech offering halal financing for vehicles to consumers and businesses. The platform uses proprietary risk-assessment algorithms and is developing AI-driven tools to evaluate borrowers and automate auto-loan issuance. Parallel product development includes Ayan Pay, debit cards and Islamic deposit offerings. The startup is regulated by the UK Financial Conduct Authority and aims to secure a banking license to evolve into a full digital neobank. It plans to scale engineering capacity by hiring a significant number of programmers in Uzbekistan to support its technology roadmap.

  • PromptLab

    Led · Seed · Feb 2026

    PromptLab offers a cloud-based platform that consolidates intake workflows, supplier interactions and procurement procedures into a single AI-driven system. By replacing disparate tools and manual tasks, the software accelerates decision-making, increases transparency and reduces operational burden for purchasing teams. Key modules cover automated intake, supplier and price analytics, RFx execution, contract-lifecycle management, AI monitoring and automatic follow-ups. The product plugs into existing corporate infrastructure—email, spreadsheets and legacy procurement systems—so customers can modernize without overhauling their IT architecture. This architecture provides structured data and analytics early in the sourcing cycle, giving teams deeper insight and control. PromptLab plans to use fresh capital to expand product functionality and scale internationally, positioning itself as a next-generation solution for enterprise procurement.

  • TASS VISION

    Participated · Equity · Jul 2025

    TASS Vision builds proprietary edge AI cameras and analytics software (Vitrac for customer journey tracking and Sitrac for shelf interaction analysis) that process images on-device to preserve customer privacy without sending data to the cloud. The platform is positioned as an offline equivalent of Google Analytics for brick-and-mortar retail, helping retailers optimise product placement, measure in-store marketing and run performance marketing on the shop floor. The company is active in more than 2,000 retail stores across ten countries and works with over a hundred brands in electronics, fashion, FMCG and pharmaceuticals. Over the past two years TASS Vision has grown 500% year‑over‑year and now employs 35 people, with teams in Uzbekistan, South Korea and China focused on R&D in AI models, image processing and edge hardware. Management says clients have increased revenue and reduced operational costs using the system. The company plans to use new funding to complete development of a next-generation camera that it expects to be up to 20× faster, more energy-efficient, easier to install and better suited for global deployment. TASS Vision, founded in 2019, builds AI-driven video analytics focused on retail. Its offerings include Visitor Analytics (gender and age analysis), Face HR (employee arrival time recording) and CJM. Processing is performed inside the camera on VPU chips, and the company plans cloud-updated programs that can be automatically installed on cameras without additional devices. TASS Vision employs over 20 people and works with remote programmers in South Korea and China while developing new product functions. The startup's mission is to transform traditional retail into a high-tech, efficient sector and it is currently focused on expanding its video-analytics capabilities. The funds raised will be used to develop the product, improve service quality, and scale the product to foreign markets.

Team