24 Best Active Investors in Turkey in 2024

Next Ventures

https://nextventures.co.uk

Next Ventures is a venture capital fund based in London. They invest in early-stage companies in sectors such as health technology, biotech, manufacturing, advanced tech, pharmaceuticals, and sports and fitness technology. Notable investments include Terra and Testmate Health. Next Ventures aims to support founders looking to make a significant impact in their industries.

Re-Pie Asset Management

https://re-pie.com

Re-Pie Asset Management, based in Istanbul, is Turkey's first alternative asset management company, authorized by the Capital Markets Board in 2015. The firm primarily invests in Series A stage companies, with a focus on ecommerce businesses like ikas. Since 2020, Re-Pie has expanded to manage various fund types, enhancing funding opportunities in Turkish capital markets. With a team of experienced professionals, Re-Pie aims to offer strong investment returns through a structured investment process and risk management, aligning with clients' risk and return expectations.

Revo Capital

https://revo.vc

Revo Capital, based in Amsterdam, invests between €1 million and €6 million in tech startups in Turkey, Eastern Europe, and the Baltics. Managing $188 million, they fund companies from seed to Series C stages. Their portfolio includes Bumper, Builder.ai, Midas, TransferGo, and Getir, targeting sectors like AI, health tech, fintech, and ecommerce.

Tera Portfoy

https://teraportfoy.com

Tera Portfoy, a venture capital fund based in Istanbul and part of Tera Yatırım Menkul Değerler A.Ş., specializes in early-stage investments, particularly in fintech. Active in the financial sector since 1990, the fund has invested in firms like Fimple. It aims to add value to investments with a strong capital structure, experienced management, and high ethical standards. Leveraging an extensive research team and industry expertise, Tera Portfoy focuses on sustainable client satisfaction.

StartupFon

https://startupfon.com

StartupFon, based in Istanbul, is a venture capital fund investing in early-stage tech startups, particularly in gaming and mobile sectors. Supporting promising Turkish founders, they've funded companies like Fortune Mine Games. As Turkey's first co-investment fund, StartupFon leverages a robust business network to foster startup growth. Additionally, they contribute to the ecosystem through their TechInvestor Academy, offering training and resources for entrepreneurs.

HEDEF

https://hedefgirisim.com.tr

HEDEF is a venture capital fund based in Istanbul that invests in early-stage startups, focusing on the crypto, web3, and fintech sectors. It provides financial support and strategic guidance to entrepreneurs who face challenges in securing traditional funding. HEDEF's investments include Enqura Information Technologies. The fund aims to promote venture capital and angel investing in the region, offering crucial support to high-potential startups.

Finberg

https://finberg.com.tr

Finberg, founded in 2018 by Fibabanka and based in Istanbul, is a venture capital fund investing in early-stage companies, particularly in fintech, data, and business intelligence. They provide funding and strategic support, aiming to create partnerships with their portfolio companies. Notable investments include wamo and Trendbox. Finberg's goal is to introduce innovative ideas to the financial technology sector by collaborating with experts and entrepreneurs.

Eksim Ventures

https://eksim.vc

Eksim Ventures is a venture capital fund based in Istanbul, founded in early 2021 by Eksim Holding. Leveraging 35 years of experience, the fund focuses on early-stage investments ranging from $500,000 to $2 million. Sectors of interest include cryptocurrencies, blockchain, and fintech. Notable investments include Enqura Information Technologies.

Boğaziçi Ventures

https://bogaziciventures.com

Boğaziçi Ventures, based in Istanbul, is a venture capital fund specializing in seed-stage investments in mobile and gaming tech startups. Founded by experienced tech entrepreneurs, the fund offers financial backing and expert support to help ventures grow internationally. Investments include Lokum Games and Hungri Games. Focused on the Eastern Europe, Turkey, and MENA regions, Boğaziçi Ventures aims to combine traditional capital with innovative tech talent to build strong, enduring businesses and deliver robust returns for investors.

Boğaziçi Ventures

https://www.bogaziciventures.com/

Boğaziçi Ventures, based in Istanbul, is a venture capital fund specializing in seed-stage investments in mobile and gaming tech startups. Founded by experienced tech entrepreneurs, the fund offers financial backing and expert support to help ventures grow internationally. Investments include Lokum Games and Hungri Games. Focused on the Eastern Europe, Turkey, and MENA regions, Boğaziçi Ventures aims to combine traditional capital with innovative tech talent to build strong, enduring businesses and deliver robust returns for investors.

Sistem Global

https://sistemglobal.com.tr

Sistem Global is a venture capital fund based in Istanbul that invests in early-stage technology startups, primarily in crypto, web3, and fintech. They focus on seed investments with check sizes ranging from $500,000 to $10 million. Part of a larger group founded in 1996, Sistem Global has offices in multiple cities, including Ankara and Istanbul, and employs over 170 people. The group offers services in corporate finance, tax and audit, legal, and patent support. One of their investments is Enqura Information Technologies.

ACT Venture Partners

https://act-vc.com

ACT Venture Partners is a venture capital fund based in Amsterdam. They invest in early-stage deep-tech startups, particularly those in manufacturing, AI, security, and developer tools. With investment amounts ranging from €0 to €1,000,000, they support companies like Ai Build, Rototip, and Picus Security.

Logo Ventures

https://logoventures.com.tr

Logo Ventures is a venture capital fund based in Istanbul, focusing on early-stage ecommerce companies. Backed by Logo Yazılım, they combine agility with deep industry knowledge. Their investments include firms like Getmobil. Leveraging their network and expertise, Logo Ventures aims to help new businesses succeed in shaping the future of technology.

Ak Portfoy

https://akportfoy.com.tr

Ak Portfoy, founded in 2000 and based in Istanbul, is a subsidiary of Akbank T.A.Ş. specializing in venture capital for early-stage startups. They manage investment and pension funds and offer portfolio management and investment advice. The firm focuses on data analytics and ecommerce sectors, aiming to provide a superior investment experience under all market conditions. One of their notable investments is in heybooster. Ak Portfoy does not impose any minimum or maximum check size for their investments.

Arz Portfolio

https://arzportfoy.com

Arz Portfolio, based in Istanbul, is a venture capital fund that invests in very early-stage startups, focusing on data analytics and e-commerce. They typically make small investments and have supported companies like heybooster. Founded in 2015, Arz Portfolio now manages 14 investment funds, with total assets reaching around 8 billion TL as of October 2023.

Teknogirişim GSYF

https://ktportfoy.com.tr

Teknogirişim GSYF is a venture capital fund based in Istanbul, focusing on early-stage startups in their seed and pre-seed phases. The fund invests in areas such as business intelligence, fintech, and sales and marketing, with variable check sizes. It has backed companies like Fimple, Turan, Adsby, and Akaunting. Managed by Kuveyt Türk Portföy Yönetimi A.Ş., a subsidiary of Kuveyt Türk Katılım Bankası A.Ş., the fund follows international interest-free finance principles and is overseen by an independent advisory board.

Hepsiburada

https://hepsiburada.com

Hepsiburada, based in Istanbul, is a venture capital fund investing in early-stage companies, particularly in payments and fintech. Known for its robust e-commerce platform in Turkey, it connects about 50 million members and over 100,000 active merchants. The company offers a diverse product range and competitive pricing to enhance the customer shopping experience. An efficient logistics network ensures fast delivery. Founded in 2000, Hepsiburada has significantly contributed to Turkey's e-commerce growth and invests in promising startups like Craftgate.

Hepsiburada

https://www.hepsiburada.com/

Hepsiburada, based in Istanbul, is a venture capital fund investing in early-stage companies, particularly in payments and fintech. Known for its robust e-commerce platform in Turkey, it connects about 50 million members and over 100,000 active merchants. The company offers a diverse product range and competitive pricing to enhance the customer shopping experience. An efficient logistics network ensures fast delivery. Founded in 2000, Hepsiburada has significantly contributed to Turkey's e-commerce growth and invests in promising startups like Craftgate.

United Payment

https://unitedpayment.com

United Payment is a venture capital fund based in Istanbul. It focuses on seed-stage investments in financial technology startups, providing the necessary capital and support for growth. The fund has backed companies like Turan, leveraging its extensive experience and resources. United Payment aims to make financial solutions accessible to all, transforming businesses into fintech leaders. With a culture valuing diversity, cooperation, and transparency, and a team of 350 employees across five countries, the firm strives to build a better financial world.

REM People

https://rempeople.com

REM People, based in Istanbul, is a venture capital fund specializing in retail analytics and technology sectors. They invest up to $4.5 million in promising startups and help clients like Coca-Cola, Nestle, and Unilever track sales performance using AI-powered solutions. With offices in Istanbul, Dubai, London, and Saudi Arabia, they plan to expand to the USA, Singapore, Denmark, and Nigeria in 2024. REM People aims to enhance the global entrepreneurial ecosystem through their investments.

REM People

https://www.rempeople.com/

REM People, based in Istanbul, is a venture capital fund specializing in retail analytics and technology sectors. They invest up to $4.5 million in promising startups and help clients like Coca-Cola, Nestle, and Unilever track sales performance using AI-powered solutions. With offices in Istanbul, Dubai, London, and Saudi Arabia, they plan to expand to the USA, Singapore, Denmark, and Nigeria in 2024. REM People aims to enhance the global entrepreneurial ecosystem through their investments.

Deniz Ventures

https://denizventures.com

Deniz Ventures, a venture capital fund based in Istanbul, invests in technology startups across the EMEA region with global growth potential. They provide support and resources to help companies scale, writing checks between $250k and $5M across various stages and industries. Partnering with Deniz Ventures helps technology startups gain the momentum needed for growth and success.