DOMiNO Effect Newsletter #22


DOMiNO Effect Newsletter #22
At DOMiNO Ventures, we continue to observe consistent progress across our portfolio. Our companies are advancing in product delivery, forming strategic partnerships, and exploring scalable business models. While each founder follows a unique trajectory, we remain encouraged by their shared resilience and focus. We stay committed to enabling long-term growth by offering more than capital combining hands-on support with deep engagement throughout the journey.
DOMiNO Effect in the Spotlight
- Welcome on Board, TASS Vision! We’re thrilled to announce our investment in TASS Vision, the Uzbekistan-born AI startup transforming offline retail with edge-powered video analytics
- Welcome Aboard, Again Remus Energy! We’re excited to back Remus Enerji, formerly known as Lumian, as they take a major step forward with a new investment round at a $6M valuation, joined by DOMiNO Ventures and Cleantech Ventures.
- Mustafa Kopuk and Yagiz Karadeniz took part in the international conference “Empowering SMEs for Economic Development and Competitiveness” held at the Miraki Cultural Touristic Center in Shahrisabz, Qashqadaryo region.
- Mustafa Kopuk attended both The Next Web Conference 2025 and the Türkiye Tech Meetup in Amsterdam!
- We were at the United Nations Public Service Forum 2025 in Samarkand, Uzbekistan!
- Yagiz Karadeniz joined the panel “Investing in Potential: How VCs Evaluate Startups and Emerging Ecosystems” at Baku ID!
- We’ve just wrapped up the BetterFuture Demo Day, and we couldn’t be prouder of what we’ve built together.
Portfolio Facts!
- We’re proud to support Cineshort, one of our portfolio companies, as it redefines how short films reach global audiences through its boundary-pushing streaming platform.
Portfolio News!
- We’re excited to share that our portfolio company Algoma has officially launched its Feasibility Platform for early subscribers!
DOMiNO Insights!
- The Role of Venture Capital in Central Asia’s Tech Boom
- AI Startups in Emerging Markets: Solving Local Problems with Global Impact
DOMiNO Impact for Better Future
At DOMiNO Ventures, we align with Better Future Goals (BFGs), which represent our commitment to sustainability and social progress, driving innovation in AI, DeepTech, CleanTech, HealthTech, and other critical sectors.
Highlights for Better Future on Linkedin!
Explore the latest editions of Highlights for a Better Future below, DOMiNO Ventures’ newsletter dedicated tosustainability and impact. Stay updated with the most recent news and insights in entrepreneurship, technology, investing, and more, all through the lens of sustainability and impact.
Funding for European climate tech companies fell 71% in the first half of this year — with €6.2bn invested across debt and equity deals. That’s a significant drop on the €21.7bn invested in the first half of 2024.
The sector has faced mounting pressures in recent years, with industry leaders like Northvolt collapsing, while the White House under US president Donald Trump has sought to undermine green initiatives in favour of fossil fuels.
Other significant news:
- 🌍 European Fusion Startups Set New Investment Record in 2025: European fusion energy startups reach a new funding milestone, attracting record investments to accelerate the development of clean and scalable energy solutions.
- 🌱 Five Sustainability Trends for 2025 and What They Mean for Startups: A deep dive into the key sustainability trends that will shape the next decade, offering startups insights on how to align with the future of green innovation and impact-driven entrepreneurship.
- 🌿 Climate Adaptation Startups to Watch: A guide to the most innovative startups that are driving the adaptation of communities and ecosystems to the changing climate, focusing on scalable solutions in the climate resilience sector.
Explore more news and articles in our newsletter—subscribe now using the links below!
BetterFuture AI Acceleration Program
We’ve hosted the BetterFuture Demo Day, and we couldn’t be prouder of what we’ve built together.
After 8 weeks of intense preparation, mentorship, and growth, 8 high-potential startups from Uzbekistan took the stage to pitch their solutions to a global audience. This marked a special third edition of BetterFuture, run exclusively for the Uzbek ecosystem in collaboration with IT PARK Uzbekistan with the goal of helping local founders connect with international markets and unlock global capital.
And what a stage it was:
🌍 50+ international VCs joined us online to explore the region’s emerging potential
💼 We welcomed an international jury in Tashkent, all visiting Uzbekistan for the first time:
→ Imtiyaz Basharat 伊迪 (HEARTFELT_)
→ Jan Davídek (Purple Ventures)
→ Kelly Pang (Orbit Startups)
🎙️ We also featured two dynamic panel sessions with local and global VCs sharing strategic insights
🚀 And of course, our founders delivered standout pitches full of ambition, clarity, and grit
Special thanks to:
🤝 Our partner IT PARK Uzbekistan, for making this journey possible
🌍 Our in-person international jury for their time, insights, and support
🏢 U-ENTER, for being our venue partner and hosting us so generously
🎤 Our panelists, for their experience and inspiration
🧠 And our dedicated mentors, who helped shape each startup’s story
You can watch our Demo Day here 👉: https://www.youtube.com/watch?v=YvuAJNLrpOU
Ecosystem News from Our Focus Regions
Central Asia’s VC Ecosystem Sees Strong Growth, Attracting Global Investments
The venture capital market in Central Asia has grown significantly, surpassing $200M in capital by 2025, with 12 active VC funds and increasing startups in sectors like FinTech, AI, and HealthTech. Kazakhstan, Uzbekistan, and Kyrgyzstan are emerging as key players, supported by government initiatives like accelerators and incubators. Kazakhstan’s tech market is gaining momentum, with TechGarden and QazTech Ventures driving investments.
Uzbekistan Named Fastest-Growing Startup Ecosystem in Central Asia by Startup Genome
Startup Genome has recognized Uzbekistan as the fastest-growing startup ecosystem in Central Asia, highlighting its rapid progress in innovation, talent development, and investment activity. The report underscores Uzbekistan’s improvement in global ecosystem rankings and its expanding support infrastructure, including accelerators, VC funds, and regulatory reforms. As the ecosystem matures, Uzbekistan continues to attract regional and international attention, solidifying its position as a rising tech hub in the broader Central Asian landscape.
Turkish startups raise $211 million in H1 2025
Turkish startups have raised $211 million in the first half of 2025, reflecting the growing strength and appeal of the country’s startup ecosystem. This surge in funding underscores the increasing interest from both local and international investors, particularly in sectors such as fintech, e-commerce, and SaaS. The growing investment momentum is expected to drive further innovation and development in Turkey’s tech landscape.
Curated Content for You
Read:
How Pioneering Boards Are Using AI
In this article, Harvard Business Review explores how pioneering boards are leveraging AI to shape strategic decisions, enhance operational efficiency, and drive innovation. As AI transforms industries, boards are adopting data-driven approaches, integrating AI tools to evaluate risks, improve governance, and align business models with evolving market demands. These forward-thinking strategies are setting a new standard for corporate leadership in the AI era.
Watch:
Building Your AI Engine: How OpenAI Works with Startups
In this video, Hao Sang from OpenAI’s Startups Team explores how startups can gain a competitive edge by closely collaborating with model providers. He discusses the various OpenAI resources available to startups, from technical guidance to advanced model access, as shared during TechCrunch Sessions: AI. Discover how feedback from startups helps shape OpenAI’s roadmap, ensuring their products evolve to meet the specific needs of startups.
Listen:
How to Scale Vertical SaaS in 2025 – Dennis Lyandres
In this episode, Dennis shares his insights from his experience as the Chief Revenue Officer of Procore, where he helped grow the company from $10M to over $900M in revenue and guided it through a successful IPO. Dennis discusses how the best SaaS companies align people, product, and GTM strategy into a unified approach. Key takeaways include using AI as a GTM advantage with a crawl-walk-run approach, scaling multi-product strategies in vertical SaaS, and the importance of customer relationships in driving strategic growth.
Clarity. Ambition. Precision. Respect. Impact.
At DOMiNO, our mission is to back bold founders and create the DOMiNO Effect for Better Future. These five values guide everything we do from how we choose our partners to how we show up for them. They reflect who we are, what we stand for, and how we build together.
Bold Moves Shift The Future
We back high-tech, pure-digital, and first-day global startups led by founders obsessed with finding innovative ways to build a Better Future with the DOMiNO Effect. We support outstanding technology founders from Eastern Europe, Central Asia and the Caucasus to help them realize their global ambitions.
Beyond Sectors. Into Scale
We’re looking for high-tech, pure-digital and first-day global startups and the big brains behind them. It’s not just about the category, it’s about clarity of vision and the courage to scale it fast.
Working on something big? We're all ears.
The best way to reach us is via someone we mutually know. You can always email us directly at apply@dominovc.com
Looking to invest in bold ideas for a Better Future?
The best way to invest with us is through shared vision and bold ambition, if you're ready now, our funds and portfolio are open to those ready to shape the future. Let's invest in it together.