White Hill Capital
Management company of a venture capital fund investing in fast-growing startups at various stages around the world.
WHC Tech Ventures
the Early-Stage Venture Capital Fund was established in 2021 as part of the Stimulating Productive Innovation Project, in partnership with the World Bank and the Ministry of Digital Development, Innovation and Aerospace of Kazakhstan.
About WHC
Fund lifetime:
8 (+2)
Financial instruments:
Investment period:
4 (+1)
Fund size:
We invest
Startups structured in the Kazakhstan, the founders of which are citizens of the Republic of Kazakhstan.
Startups structured in any of the foreign jurisdictions of the world, where one of the founders is a citizen of the Republic of Kazakhstan.
Startups structured in any of the jurisdictions of the world, where there are NO citizens of the Republic of Kazakhstan among the founders.
Investment portfolio:
Field of investments:
Pre-seed, Seed
Ticket size: Maximum target check 15% of the total fund
Round A, B, C
* a company or project whose activities are contrary to the UN Sustainable Development Goals and Principles or prohibited by the Laws of Republic of Kazakhstan.
Other, not prohibited*
Smart money
Customer base
Certified team
Capital markets
Deal structuring
Deal sourcing
BIG 4 experience
Experience at AIFC
Astana Hub
PE&VC experience
Investment banking
Our team:
Aslan Sultanov
Managing Partner
Daniel Seal
Investment banker with 15 years of experience in such organizations as Samruk-Kazyna Invest LLP; Investment bank ITI Capital Qazaqstan; Quarry investment company Kauken Capital; Top manager of a number of Kazakhstani banks: Islamic Bank Al Hila Bank, Citi bank, Halyk Bank.
He is a thought leader on government’s role in innovation and how to create knowledgebased economies. In 2018, he sold a controlling stake in Unbound to SingEx (a wholly owned subsidiary of Temasek Holdings, Singapore). From 2010 – 2015, Daniel was one of the youngest elected officials to the London Borough of Barnet. Daniel has a BSc (Hons.) in Biochemistry and an MSc Business Management from the University of London.
Alina Isakhanova
Chief Operating Officer
She has 6 years of experience in the development of innovative entrepreneurship in: International Technopark of IT Startups "Astana Hub", MOST Business Incubator, Center for Technology Commercialization. Investor in VNTR Capital syndicates. Implemented the "Program for the development of business angelism in the territory of the Republic of Kazakhstan" and 4 courses of the Astana Hub Investor School.

Partner at VNTR Capital
Igor is a startup enthusiast and tech-savvy professional with over 10 years of experience and extensive knowledge in startup ecosystems building in Central & Eastern Europe, Central Asia, the Middle East & North America. He did angel investments in MyPlace, GreenBin, and seats on the advisory board of 5 other startups. In January 2021 Igor co-founded DeltaWorks as a Managing Partner.
Igor Ovcharenko
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