Funded Startups in Baku
The 7 Baku-based funding rounds tracked here span from February 2021 through October 2025, with the heaviest cluster falling in 2023.
The 7 Baku-based funding rounds tracked here span from February 2021 through October 2025, with the heaviest cluster falling in 2023. SOCAR's $480M Series Unknown raise in November 2024 dominates the dataset by sheer scale — the remaining six companies all raised Seed or Pre-Seed rounds, four of which carry undisclosed amounts. Strip out SOCAR and the disclosed totals drop to $600K across two companies.
Software and adjacent categories account for three of the seven companies: Perkskit, Glorri, and Push30 all closed Seed rounds within a six-month window in late 2023. The most recent entry, PolyDream Studio (Gaming, Virtual Reality), raised $500K at Seed in October 2025. At the other end of the timeline, Myers Krause — an AI company — closed a $100K Pre-Seed in February 2021, the earliest round in the set and the smallest disclosed amount outside of PolyDream Studio.
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Frequently asked
What is the largest disclosed round among Baku-based startups in this data?
SOCAR's $480M Series Unknown raise in November 2024 is the largest by a wide margin. The next largest disclosed amount is PolyDream Studio's $500K Seed round, closed in October 2025.
How early-stage is Baku's startup funding activity based on the rounds shown?
Six of the seven rounds are Seed or Pre-Seed. Only SOCAR falls outside that classification, carrying a Series Unknown designation on its $480M raise. The median disclosed amount across the remaining startups is well under $1M.
Which sectors appear more than once among recently funded Baku companies?
Software is the only sector with multiple companies — Perkskit and Glorri both raised Seed rounds in the second half of 2023. Every other sector (Energy, Gaming/VR, Health Care, Apps, AI) is represented by a single company.
Was there a concentrated period of funding activity in Baku?
Three of the seven rounds closed between June and December 2023 — Glorri (June), Perkskit (November), and Push30 (December) — making that six-month stretch the busiest window in the dataset. Activity then slowed before SOCAR's large raise in late 2024 and PolyDream Studio's round in October 2025.
How many of the Baku startups shown here disclosed their funding amounts?
Three of seven disclosed amounts: SOCAR at $480M, PolyDream Studio at $500K, and Myers Krause at $100K. MedInternet, Push30, Perkskit, and Glorri all closed undisclosed rounds.
What is the most recent funded startup in Baku tracked here?
PolyDream Studio, a gaming and virtual reality company, closed a $500K Seed round on October 10, 2025, making it the most recently dated entry in this dataset.
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