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Baku's business landscape features established players in finance and energy alongside a growing number of technology startups.
Financial institutions like Ziraat bank have secured significant funding, with one raising $1.2B. Newer ventures are also attracting investment, such as the fitness app Push30 which raised $4.1M.
Below is our list of 51 Baku startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
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Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50As the state-owned energy company of Azerbaijan, SOCAR manages the exploration, production, and processing of the nation's oil and gas fields. They also run an integrated global operation that includes the marketing and retail distribution of petroleum and petrochemical products.
Ziraat Bank offers a wide array of financial services for both personal and business banking needs. Their products span from corporate credit and cash loans to digital banking platforms and credit card services.
Kapital Bank operates as Azerbaijan's largest financial institution, offering a wide array of banking services to both individuals and businesses. They are also driving digital banking in the region with their neobank app, Birbank.
TuranBank OJSC provides a comprehensive suite of banking services tailored for both corporate and retail customers. Their offerings include a variety of products from personal loans and deposits to business financing solutions.
Clopos developed an all-in-one, cloud-based point-of-sale system specifically for the restaurant industry. Their platform helps businesses manage daily operations by streamlining payments, orders, and inventory management.
Push30 developed a mobile application that provides users with unlimited access to a network of gyms and fitness venues. Their platform works on a single-membership model, giving people the flexibility to work out at various locations with one subscription.
KoliPlus operates a freight forwarding service that connects online shoppers in Azerbaijan with retailers in Turkey. They provide customers with a local Turkish address for their purchases and then manage the cross-border shipping and delivery.
Glorri builds a software platform that helps recruiting teams manage their candidate pipeline and avoid costly hiring mistakes. The tool focuses on streamlining the entire hiring process for human resources professionals.
Saloglu creates and retails a broad collection of furniture and home decor pieces. They manage the entire process from production to sales, making them a leading name in their industry.
VR HOME is building a VR/AR marketplace for real estate, furniture, and home accessories. Their platform allows people to virtually tour properties and use augmented reality to visualize how items will look in a space before buying.
The top ten are just a small slice of what’s happening in Baku right now. Founders are building new companies in a wide range of areas, including education, retail, and AI.
Most are in their early stages, just starting to raise money and find their place. Below is a look at the other startups that make up Baku's growing scene.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Marketing | 2024 | $100k | Pre-Seed | |
| Security | 2022 | $60k | Angel | |
| Hardware | 2022 | $50k | Angel | |
| Analytics | 2024 | $5k | Pre-Seed | |
| Gaming | 2022 | $200k | Pre-Seed | |
| Education | 2022 | $15k | Pre-Seed | |
| SaaS | 2025 | $20k | Seed | |
| AgTech | 2025 | $10k | Pre-Seed | |
| Education | 2024 | $25k | Angel | |
| Marketing | 2020 | $48k | Pre-Seed | |
| Mobility | 1992 | — | — | |
| Media | 2022 | $15k | Pre-Seed | |
| Logistics | 2018 | $35k | Seed | |
| AI | 2022 | $15k | Pre-Seed | |
| Other | 2025 | $10k | Angel | |
| Marketing | 2017 | $361k | Seed | |
| Education | 2021 | $15k | Pre-Seed | |
| Crypto | 2021 | $15k | Seed | |
| Marketing | 2019 | $35k | Pre-Seed | |
| Fashion | 2024 | $15k | Pre-Seed | |
| AI | 2021 | $10.3k | Seed | |
| Media | 2022 | $15k | Pre-Seed | |
| Retail | 2022 | $15k | Pre-Seed | |
| Education | 2022 | $15k | Pre-Seed | |
| Hardware | 1996 | — | — | |
| Healthcare | 2022 | $15k | Pre-Seed | |
| Fintech | 2006 | — | — | |
| Retail | 2019 | $15k | Pre-Seed | |
| Education | 2025 | $7.6k | Pre-Seed | |
| Retail | 2021 | $6.7k | Pre-Seed | |
| Retail | 2018 | AZN25k | Pre-Seed | |
| Manufacturing | 2001 | — | — | |
| Manufacturing | 2010 | — | — | |
| Retail | 2017 | $5k | — | |
| Marketing | 2018 | — | — | |
| Logistics | 1880 | — | — | |
| Mobility | — | — | — | |
| Education | — | — | — | |
| Fintech | 2022 | — | — | |
| Fintech | 2007 | — | — | |
| Infrastructure | 2013 | — | — |
