Although not specifically for Pakistan, but Charles River Venture started an angel investment fund last year to give out $100-250k investments on an expedited basis.
Techcrunch gives some updates of the companies they have funded.
The reason this is interesting — particularly to Pakistani startups — is because VC firms are institutionalized enough that they are more willing to consider making foreign investments (following the lead of ePlanetVentures and Mr. Asad Jamal) compared to the average angel investor in the U.S.
The biggest gap in the success of Pakistan’s entrepreneurial society is not venture funds, but rather Angel Investors taking bets on brilliant ideas.
The typical investment needed for a tech startup in Pakistan is $100-200k, which is enough to make a local startup profitable.
However, VCs — the people who would be institutional enough to consider pitches from Pakistan — are also typically only interested in later stage (Series A) investments of $2-7MM (growth capital).
Charles River Ventures in this case could be a very interesting middleground — an institutional investor willing to make the smaller bets on earlier-stage companies.
Lets hope that one day these types of funds and firms come to Asia and start looking in the local market for brilliant ideas.