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The Venture Codex

MOST Ventures

Mangilik Yel 55/21, office 319, Astana, Yesil District, Kazakhstan

Overview

MOST Ventures is a Kazakhstan-based privately-held venture investment firm which supports Central Eurasian technological startups building disruptive and globally scalable products. The company is part of the broader MOST Ecosystem which has been existing for over 12 years and providing financial and non-financial support to technology startups, including those involved in providing digital financial services powered by fintech, in the entire Central Eurasian region. MOST Ecosystem also includes UMAY Angels Club (a private club of select angel investors), MOST Business Incubator (incubation, acceleration and educational programs), MOST Hub (developing working infrastructure for startup founders and tech entrepreneurs across Central Asia), and MOST Media (media coverage for startup and venture developments in the region).

Total investments
9
Lead investments
2
Investments · 12mo
3
Active investors
4

Sector focus

  • E-Commerce
  • Education
  • Finance
  • Financial Services
  • FinTech
  • Health Care
  • Information Technology
  • Mobile Apps
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Investment portfolio

  • Ulisses

    Participated · Seed · Jun 2026

    Ulisses developed a proprietary, European-patented low-power 2.4 GHz networking technology for IoT tracking aimed at precision, continuity and reliability in industrial and logistics environments. The company started by digitalizing mooring management in Italian recreational ports and has expanded to offer solutions for railways, automated warehouses, advanced logistics and smart parking, including an awarded application for managing yellow-line and reserved parking. The team completed R&D and secured patent protection prior to this seed round, which the company says validates its engineering approach and readiness to scale. The CEO is Mattia Tartaglia and the company is based in Milan. Ulisses recently received recognition at the IoMobility Awards 2026 for one of its smart parking applications.

  • Moon AI

    Participated · Seed · Jun 2026

    Moon AI builds a no-code platform for creating and integrating AI agents into business communication channels so non-technical users can deploy working agents quickly. The startup is about two years old and has been growing actively in the past six months, with paying customers and month-to-month revenue growth cited as important signals for investors. The founder bootstrapped the company initially, reinvesting personal assets, and subsequently raised early capital from a prior-project investor and friends & family before the Pre-Seed SAFE. The recent Pre-Seed funds are intended to close cash gaps and hire technical staff, giving the company roughly a year of runway to reach the next round. The team prioritized finding product-market fit after experimenting with multiple hypotheses and scaled only once they saw paying customers and retention.

  • Call2action.ai

    Led · Seed · Mar 2026

    Call2Action AI automates high-volume hiring workflows by automatically contacting applicants, conducting AI-driven voice interviews, analyzing answers against employer criteria, and delivering structured candidate information to recruiters while leaving final hiring decisions to humans. The company initially targeted the U.S. transportation and logistics vertical, helping fleet operators shorten driver-hiring cycles from weeks to days. Call2Action AI is registered in the U.S. as a Delaware C-Corporation, is based in California, and runs commercial operations partly through Chicago. As of the article, the platform works with over 50 corporate clients and has surpassed $500,000 in annual recurring revenue. The company has used early investment to develop the product, hire staff, and scale in the American market. Looking ahead, Call2Action AI plans to complete its Seed round and expand the model into other blue-collar segments such as warehousing, moving, and construction.

  • PLATMA

    Participated · Seed · Sep 2024

    PLATMA is an extreme no-code platform that uses advanced NLP and AI to convert plain-English descriptions into functional applications without programming. The Ukraine-founded company is headquartered in the USA and maintains a distributed team across Ukraine, Cyprus, Portugal, and Kazakhstan. The platform has over 10,000 registered users and several thousand applications already created, with clients in the UAE, Ukraine, Kazakhstan, Turkey, Azerbaijan, Slovenia, and other countries. PLATMA recently raised $2M in a pre-seed round at a $20M valuation. The company plans to use the funds to further enhance its technology, expand the team, and enter new markets. Its advisory board includes Christoph Daszkiewicz, a leading No/Low Code expert and Head of Software at Schneider Electric. PLATMA emphasizes enabling micro and small businesses to automate routine tasks and reduce development costs.

  • Introdex

    Participated · Seed · Apr 2024

    Introdex provides an AI-based service that analyzes useful contacts and helps sales managers identify and engage connectors who can introduce them to potential buyers. Connectors on the platform can earn commissions or arrange meetings; agreements are recorded via electronic contracts in DocuSign and each completed introduction is attached to the contract. The platform requires connectors not to be affiliated with the end buyers. The team says the product reduces time sales managers spend searching for connectors and establishing contacts, freeing them to focus on closing deals. Introdex has scaled from its Singapore market launch to Indonesia, Malaysia, Hong Kong and Japan, where the founders report early traction with meetings at several large corporations. The company was founded by Admet Akhter, Shamil Ahmedov and Jacob Pederson, and the article notes a founding year of 2023.

Team