# Top 50 Consumer VC (Venture Capital) Funds in Turkey in October 2023

## Aslanoba Capital
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 12
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Internet, Software

Aslanoba Capital is an early stage investor in tech startups in Turkey and the US. The company invests in startups pursuing disruptive ideas in areas such as marketplaces, e-commerce, mobile, classifieds, content, and SaaS with a consideration of investment between $0.25 million and $2 million.Aslanoba was founded in 2013 and is based inIstanbul, Turkey.

## Diffusion Capital Partners
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Information Technology, Biotechnology

Diffusion Capital Partners (DCP) is Turkey's leading Venture Capital fund manager with a focus on deep-tech opportunities.

## StartersHub
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: Software, Artificial Intelligence, Information Technology

We are StartersHub. We are here for people who want to grow their start-up and find their angel investors. Find your venture capital now!

## APY Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, FinTech

APY Ventures is a venture capital firm focused on early-stage technology startups.

## TRANGELS
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Angel
- Focus: Biotechnology, Energy, Manufacturing

Early Stage Investment Fund and Network

## 212
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, Information Technology

212 invests in growth-stage tech companies across Turkey, CEE, and MENA. Currently, our fund manages €75 million of committed capital, and 25 investments. Our strategy is to invest in B2B tech solutions that have demonstrated traction, a clear product-market fit, and are ready to scale internationally. ‘Test local, go global’ is 212’s guidingprinciple. In addition to investing in startups, we put significant effort into mentoring, supporting, and advising our portfolio companies.212 was founded by a seasoned group of veterans with the common vision of cultivating an eco-system in Turkey and its region. Each of our team members brings to the table a proven track record of success in multi-cultural disciplines in both global corporations and start-ups and an unwavering focus on strategy, operation, and execution.

## ACT Venture Partners
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 3
- Stages: Seed, Convertible Note, Series A
- Focus: Artificial Intelligence, Software, Manufacturing

Early stage deep tech investor

## KAYA
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Health Care, SaaS

We are committed to supporting founders at every stage of their journey, from studio projects and pre-seed through to Series A and follow-ons.

## MITON
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: E-Commerce, Software, Internet

Company builders operating from Czech Republic and focusing on Central and Eastern Europe. We prefer building consumer facing businesses.

## DAAL
- Type: VC Fund
- Location: Al Khobar, Ash Sharqiyah, Saudi Arabia
- Relevant deals: 2
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: E-Commerce, Software, SaaS

The aim of Daal is to create excellent opportunities for investment by providing mentorship and business development insights to companies within the IT space.

## ERBAN
- Type: VC Fund
- Location: Kayseri, Kayseri, Turkey
- Relevant deals: 2
- Stages: Seed
- Focus: Energy, Battery, Industrial

ERBAN is an accredited angel investor network that aims to revive the entrepreneurship ecosystem with the support of angel investors, to realize value added projects and contribute to their growth. It has the opportunity to address a wide audience by establishing connections with professional organizations and chambers.ERBAN's vision is tocontribute to the country's economy as a result of bringing enterprises together with necessary capital and becoming corporate companies operating in the international arena. ERBAN is headquartered in Kayseri, Turkey.

## Protos Venture Capital
- Type: VC Fund
- Location: Warszawa, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Mobile Apps, Fashion, Marketplace

Protos Venture Capital is a funding company that is focused on internet businesses in Poland. It also includes mobile projects based on Software-as-a-Service, marketplace, lead-generator, and e-commerce sectors.
Protos Venture Capital is based in Warszawa, Poland.

## Eczacıbasi Momentum
- Type: VC Fund
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Information Technology, Biotechnology, Financial Services

Eczacıbaşı Momentum invested in three venture companies and a venture capital fund; Their goal is to invest US$30 million over the next five years as they continue to partner with funds
and startups that shape the new normal of modern life, focusing on well-being, consumption, and home-living.

## Angel Effect
- Type: VC Fund
- Location: Kurucesme, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, Mobile

We are a team of successful entrepreneurs, corporate leaders and people who know the impact of creating value together.
Together, we invest in high-impact, early-stage companies led by amazing teams with global mindset all over the world.

## Nexus Ventures
- Type: VC Fund
- Location: Ankara, Ankara, Turkey
- Relevant deals: 2
- Stages: Seed, Angel, Series A
- Focus: Software, Internet, SaaS

Nexus Ventures is an investment firm that invests in transformational businesses and creates meaningful partnerships with entrepreneurs. They support these ventures through its mentorship, business and technical know-how, vast network, and capital. The firm was founded in 2002 and is headquartered in Ankara, Turkey.

## Keiretsu Forum Turkey
- Type: VC Fund
- Location: Sariyer, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

Keiretsu Forum is a private equity investment network of angel investors, venture capitalists, and corporate/institutional investors.

## Bilişim Vadisi
- Type: VC Fund
- Location: Gebze, Kocaeli, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Electronics, Artificial Intelligence, Software

Bilişim Vadisi is a technology development zone in Turkey that ensures the production of high-value-added products and new technologies.

## STC Ventures
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 2
- Stages: Series B, Series C, Series A
- Focus: Fashion, Developer APIs, Professional Services

STC Ventures is an independently managed venture capital fund whose anchor investor is the Saudi Telecom Company. Our goal is to empower entrepreneurs to create market leading technology businesses. We are focused on equity investments that will help to build leading companies in the information technology, telecommunications, and digitalmedia/entertainment sectors. One of the key objectives of our fund is to support the development of innovative technology companies in the GCC, wider MENA region and Turkey, in addition to funding globally minded international companies seeking capital and access to the MENA region.

## Revo Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Financial Services, Information Technology

Operational venture capital firm that invests across Turkey, Eastern Europe & Baltics in seed to Series B rounds.

## F+ Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Transportation, Automotive

F+ Ventures is the corporate venture arm of Fark Holding dedicated to evaluating and investing in technologies and business model innovations that are transforming our transportation systems. We support “A teams” by helping with customer acquisition and smart capital. F+ invests in innovative solutions, early stage disruptive technologies, startupswith technological value proposition and business model innovation. We seek to make late seed and series A investments in ambitious tech savvy teams building businesses.

## Wamda Capital
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Internet, Financial Services

Wamda Capital is the MENA region's leading venture capital firm investing in exceptional entrepreneurs building the region's most promising high growth technology businesses. We invest both at the growth and seed stages with the aim of taking portfolio companies through successive rounds of financing through to exit.

## Alesta Yatırım
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, Information Technology

Ales Venture Capital Investment Trust Inc. 100% Escort Technology Investment Co., Ltd. was established in late 2012 as a subsidiary of an investment company subject to the Capital Markets Board legislation.Their target audience was primarily started to produce products or services are targeted at companies with existing customers and growth.However, the product or service to switch to the sales and marketing process, although in need of ready finance companies also take interest in Their initiative.

## Earlybird Venture Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, Health Care

Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. With EUR 2 billion under management,eight IPOs and 30 trade sales, Earlybird is one of the most established and active venture capital firms in Europe.

## StartupFon
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Artificial Intelligence, E-Commerce, SaaS

StartupFon is the first and leading equity-based online investment platform based in Turkey and has been founded to capitalize technology-based ventures with qualified angel investors and its own venture capital fund, namely the AngelFund. Startupfon gives their members the opportunity to invest in seed / early-stage technology startups eitherthrough its venture capital AngelFund or co-invest with it independently. As a tool under Startupfon, AngelFund is a micro VC of around USD10 mn. Investors can make investments either on a deal by deal basis or they can allocate some of their budgets to AngelFund to let Startupfon invest on behalf of themselves. Startupfon has been founded by Istanbul Startup Angels (“ISA”) as its online investment platform in 2016. ISA is a leading angel investor platform accredited in 2014 discovering ambitious startups in their early-stage while mentoring them in the process. ISA also organizes angel investor academies for high net worth individuals and accelerator programs for corporates.
ISA performs with 4.3x TVPI on a total of TL 10 mn investments in 27 ventures as of March 2019.

## BIC Angels
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Angel, Seed
- Focus: Internet, SaaS, Software

BIC Angels is an investment firm that provides venture capital for startups engaged in the internet sector. It is primarily focused on companies engaged in SaaS, location-based services, and mobile applications. The Company's early-stage investment ranges from $25,000 to $1,000,000. BIC Angels is based in Istanbul, Turkey.

## Goldman Sachs
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Series C, Series B
- Focus: Software, Financial Services, FinTech

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base.

## Lima Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Artificial Intelligence, Software, FinTech

Collaboration with outstanding initiators with exceptional insights, from inception through all levels of progress. Lima Ventures supports visionary founders as well as provides certain services to early startups. We seek innovative technology-driven entrepreneurs who generate and lead companies that will inspire millions.

## Farplas
- Type: VC Fund
- Location: Kocaeli, Kocaeli, Turkey
- Relevant deals: 1

Farplas is an international leading company in the global automotive supply industry, providing interior ceiling systems

## Finberg
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Corporate Round
- Focus: FinTech, Financial Services, Information Technology

Finberg is a corporate venture capital firm and a Fibabanka subsidiary. On March 1, 2018, the company was established.

## Collective Spark
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, SaaS

Collective Spark is a venture capital fund focusing on early-stage technology ventures. They aims to back and elevate highly driven hustlers and hackers who want to build scalable, disruptive businesses. They consider ourselves partners for the long term, and define Collective Spark as an Operational VC where ventures get access to top specializedtalent and hands-on shared resources in distinct areas critical to their success.

## Geometry Venture Development | Angel Investment Fund
- Type: VC Fund
- Location: Sariyer, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Blockchain

Rolling Fund + Syndicate Model with Modest Capital for Early Stage Startup Investors. Invests $20K - $50K in problem-solution stage technology startups.

## Kosgeb
- Type: VC Fund
- Location: Ankara, Ankara, Turkey
- Relevant deals: 1
- Stages: Grant, Seed, Pre-Seed
- Focus: Health Care, Information Technology, Medical

Kosgeb

## Sabancı Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Information Technology, Software, FinTech

Sabancı Ventures is an investment arm that invests in technology and innovation-based companies in different sectors.

## Nexus Venture Partners
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, SaaS

Nexus Venture Partners is a venture capital firm established by ex-entrepreneurs in enterprise technology and consumer internet. The firm was founded in 2006 and is headquartered in Menlo Park, California, United States.

## Genesis Consortium
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, Fashion, Architecture

An alliance of venture funds and corporations to promote human and planetary health.

## Inventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Series A, Angel
- Focus: E-Commerce, FinTech, Retail

Inventures | Seed Stage Investor | Securing Startup DNA

## Ark pres
- Type: VC Fund
- Location: Köseköy, Kocaeli, Turkey
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Electronics, Manufacturing

Ark Pres manufactures car safety components.

## ZMT Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: AgTech, Consumer Goods

ZMT Ventures invests and partners with entrepreneurs to support them in whatever, wherever, and whenever to go beyond better.

## Istanbul Startup Angels
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Angel, Seed
- Focus: SaaS, Mobile Apps, Digital Entertainment

Istanbul Startup Angels is Turkey’s most active angel investment network with a focus on innovative and fast growing technology startups. Currently in the process of building a micro VC and starting Turkey’s first crowdfunding platform, ISA also partners with corporations to find the most promising and suitable startups for them, by running sectorfocused accelerator programs.

## European Bank for Reconstruction and Development
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Debt Financing, Series A, Series B
- Focus: Financial Services, Banking, Finance

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.

## Level-Up
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Gaming, Sports, Business Development

Level-Up is building a unique set of first-class studios that will create lasting success for the benefit of both founders and investors.

## Alima Ventures BV
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Artificial Intelligence, Retail, Fashion

Alima Ventures BV is an investment firm of Turkey

## KFW DEG
- Type: VC Fund
- Location: Cologne, Nordrhein-Westfalen, Germany
- Relevant deals: 1
- Stages: Debt Financing, Grant
- Focus: Financial Services, Finance, Banking

KFW DEG offers financing, advice and support to private sector enterprises operating in developing and emerging-market countries. Their customers can rely on their expertise: They can benefit from their market knowledge, their 21 locations worldwide, and their international network. For entrepreneurial success and development.

## TT Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, EdTech

Corporate venture capital arm of Turk Telekom

## Hummingbird Ventures
- Type: VC Fund
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Financial Services

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

## Albaraka Fintech Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, E-Commerce

Fintech fund of Albaraka Turk

## Turkey Development Fund
- Type: VC Fund
- Location: Umraniye, Istanbul, Turkey
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, SaaS, Google

Turkey Development Fund aims to develop the enterprise ecosystem by investing in new generation startups.

## Ak Portfoy
- Type: VC Fund
- Location: Besiktas, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Information Technology, Software, Medical Device

Ak Portfoy is an investment management company that offers services to its customers in mutual funds management, pension funds management.

## Akis Gayrimenkul Yatirim Ortakligi
- Type: VC Fund
- Location: Üsküdar, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Corporate Round
- Focus: Retail, Shopping, Software

Akis Gayrimenkul Yatirim Ortakligi AS, a subsidiary of Akkok Holding, is a Turkey-based real estate investment trust

## Bf Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: Smart Home, Manufacturing

Bf Ventures engages in the financial industry.

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