Venture capital in Georgia - Business 360° with Mariam Koyava
In a recent episode of her original program “Business 360 Degrees,” Mariam Koyava explored the state of venture capital in Georgia and what it will take to foster globally successful startups.
- The discussion evaluated the current startup ecosystem and identified the key requirements for enabling global success stories.
- The segment featured Sturgeon Capital, now the largest international VC fund operating in Georgia, with nearly USD 3 million invested in three high-potential startups - Payze, Cargon, and Klipy.
- A major challenge highlighted was Georgia’s limited market size, which poses difficulties for building scalable businesses that align with global VC expectations.
- As digital transformation accelerates worldwide, emerging markets like Georgia face a pivotal point. While the country boasts entrepreneurial drive and strong technical talent, its ecosystem still lacks the deep infrastructure, investment culture, and scale necessary for global competitiveness.
What’s needed to accelerate growth?
A precedent, a breakout startup that scales globally, a success story showing others new possibilities.
Key insights from the discussion:
• Georgian startups must develop a clear understanding of global markets.
• Local investment is essential to close early-stage funding gaps and attract international capital.
• Venture capital has the potential to drive innovation not only in tech but also in traditional industries such as logistics, financial services, and agriculture.