# Investors based in Mongolia (2026 list) > 19 investors based in Mongolia. Led by Ayu, Blacswan, Exponential Zaisan Partners (XZP). Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-mongolia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Mongolia Updated 7 November 2026 Firms headquartered in Mongolia, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Mongolia. [See all 19 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-mongolia)The top 19 **19** investors on the list No change this week **0** cheques in 12 months Too few cheques to tell **-** median round they joined **0%** wrote a cheque in 12 months **0%** have led a round ## The Top 19 Ordered by cheques observed, never by anything anyone paid for - 1 [Ayu](https://millionrounds.com/fund/ayu) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 2 [Blacswan](https://millionrounds.com/fund/blacswan) unknown Private equity · Mongolia **none observed** **-** median round **-** last seen - 3 [Exponential Zaisan Partners (XZP)](https://millionrounds.com/fund/exponential-zaisan-partners-xzp) unknown VC firm · Mongolia **none observed** **-** median round **-** last seen - 4 [Gund Investment LLC](https://millionrounds.com/fund/gund-investment-llc) unknown Family office · Mongolia **none observed** **-** median round **-** last seen - 5 [IARUDI Group](https://millionrounds.com/fund/iarudi-group) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 6 [Intelmind](https://millionrounds.com/fund/intelmind) unknown VC firm · Mongolia **none observed** **-** median round **-** last seen - 7 [LehmanBush Investment and Fund Management](https://millionrounds.com/fund/lehmanbush-investment-and-fund-management) unknown Private equity · Mongolia **none observed** **-** median round **-** last seen - 8 [MONGOLJIN](https://millionrounds.com/fund/mongoljin) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 9 [Mongolian Investment Holding Group](https://millionrounds.com/fund/mongolian-investment-holding-group) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 10 [Mongolian Women's Fund](https://millionrounds.com/fund/mongolian-women-s-fund) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 11 [National Startup Fund](https://millionrounds.com/fund/national-startup-fund) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 12 [Nature Conservation Fund of Mongolia](https://millionrounds.com/fund/nature-conservation-fund-of-mongolia) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 13 [Newcom Group](https://millionrounds.com/fund/newcom-group) unknown Company · Mongolia **none observed** **-** median round **-** last seen - 14 [Oyu tolgoi catalyst fund for Khanbogd development (OTCF)](https://millionrounds.com/fund/oyu-tolgoi-catalyst-fund-for-khanbogd-development-otcf) unknown Government · Mongolia **none observed** **-** median round **-** last seen - 15 [START](https://millionrounds.com/fund/start-2) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 16 [Synergy Fund Solutions](https://millionrounds.com/fund/synergy-fund-solutions) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 17 [Teso Investment](https://millionrounds.com/fund/teso-investment) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 18 [Umnugovi Development Corporation](https://millionrounds.com/fund/umnugovi-development-corporation) unknown Investment firm · Mongolia **none observed** **-** median round **-** last seen - 19 [Jefferson Capital Systems, LLC; a Jefferson Capital, Inc. Company](https://millionrounds.com/fund/jefferson-capital-systems-llc-a-jefferson-capital-inc-compan) unknown Family office · Mongolia **none observed** **-** median round **-** last seen ## Cheques by Quarter Led Joined Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Mongolia ### Who are the most active investors based in Mongolia? By cheques observed, the most active are Ayu, Blacswan, Exponential Zaisan Partners (XZP), Gund Investment LLC and IARUDI Group. ### How many investors based in Mongolia are there? 19 are on record. 0% made an investment in the last 12 months. ### How is this list of investors based in Mongolia ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)