Sturgeon Capital

Sturgeon Capital is a London-based venture capital firm uniquely positioned to capitalize on the burgeoning technology ecosystems within frontier markets, specifically Central Asia, the Caucasus, and Mongolia. Established with a clear mandate to identify and nurture early-stage tech companies, the firm primarily targets Seed to Series A investments. Their strategy involves actively leading or co-leading funding rounds, providing not just capital but also strategic guidance and operational support to their portfolio companies, aiming to build them into regional leaders.

The firm launched its first dedicated fund, Fund I, which closed at $20 million in 2017, demonstrating an early commitment to these underserved markets. Building on this initial success, Sturgeon Capital announced the first close of its second fund, Fund II, at $25 million in 2021, with a target to reach $50 million. This progression in fund size underscores their growing influence and continued belief in the potential of these regions.

Sturgeon Capital typically deploys initial checks ranging from $500,000 to $2 million, indicating a focus on meaningful early-stage capital injections. Beyond the initial investment, they are prepared to provide significant follow-on capital, potentially up to $5 million, to support the continued growth and scaling of their most promising ventures. Their investment philosophy emphasizes scalable business models and strong founding teams, aligning with their mission to foster robust technology businesses in these dynamic, high-growth frontier economies.