15:00 - 27.06.2024

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June 27, Fineko/abc.az. In two years, startups from innovation center SABAH.HUB have raised more than $4 million from local and regional investors.

ABC.AZ reports that SABAH.HUB center CEO Rahim Bayramli said about this during the Baku Investment Day (Baku ID 2024).

He added that in the next two days, this amount will increase by at least $2 million more: "This is a good start, but only the beginning of our journey. I’m proud to announce the creation of our own $25 million venture fund."

Bayramli noted that the SABAH Fund will take startup financing to a new level, focusing on investments in companies from the South Caucasus and Central Asia — regions with great ambitions at the global level.