Funded Startups in Azerbaijan
Baku accounts for all seven funded companies in this dataset, with rounds dating from February 2021 through October 2025.
Baku accounts for all seven funded companies in this dataset, with rounds dating from February 2021 through October 2025. The funding landscape skews heavily early-stage: four Seed rounds and two Pre-Seed rounds make up six of the seven entries, and disclosed amounts are the exception rather than the rule. SOCAR, an energy company, is the clear outlier — its $480M Series Unknown round in November 2024 dwarfs every other figure in the set and pulls the aggregate far above what the startup-stage activity alone would suggest.
Sector coverage is narrow but varied: software appears twice (Perkskit and Glorri, both Seed rounds from late 2023), alongside health care (MedInternet, Pre-Seed, February 2024), apps (Push30, Seed, December 2023), gaming and virtual reality (PolyDream Studio, $500K Seed, October 2025), and AI (Myers Krause, $100K Pre-Seed, February 2021). Outside of SOCAR and PolyDream Studio, no other company in the dataset has disclosed a round size.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among recently funded Azerbaijan startups?
SOCAR, an energy company based in Baku, raised $480M in a Series Unknown round in November 2024 — the dominant figure across the companies shown. The next largest disclosed amount is PolyDream Studio's $500K Seed round, closed in October 2025.
Are all funded startups in Azerbaijan located in the same city?
All seven companies in this dataset are headquartered in Baku. No other Azerbaijani city appears across the rounds shown.
What stage are most funded Azerbaijan startups at?
Six of the seven rounds are early-stage: four Seed and two Pre-Seed. The sole exception is SOCAR's Series Unknown round, which at $480M stands well apart from the rest of the set by dollar volume.
Which sectors have attracted funding in Azerbaijan?
The seven companies span energy, software, health care, apps, gaming and virtual reality, and AI. Software appears twice — Perkskit and Glorri both closed Seed rounds in late 2023 — while the most recent entry, PolyDream Studio, operates in gaming and VR.
How often are round sizes disclosed for Azerbaijan startups?
Only three of the seven rounds carry disclosed amounts: SOCAR ($480M), PolyDream Studio ($500K), and Myers Krause ($100K). The remaining four — MedInternet, Push30, Perkskit, and Glorri — list round sizes as undisclosed.
What does the deal activity timeline look like across this dataset?
The seven rounds span from February 2021 (Myers Krause, $100K Pre-Seed) through October 2025 (PolyDream Studio, $500K Seed). Four of the seven rounds closed between November 2023 and November 2024, suggesting a concentration of activity in that 12-month window.
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