# Top 25 Enterprise Software Startup Investors in Turkey in May 2026

## Revo Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 4
- 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.

## Kalyon Venture Capital
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Sales, Transportation

Kalyon Venture Capital invests in the construction, real estate, renewable energy, and climate technologies industries.

## 212
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- 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.

## 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.

## Keiretsu Forum
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, Software, Biotechnology

Keiretsu Forum is a global angel investor network with more than 2,500 accredited investor members throughout 47 chapters on 3 continents.

## MMV Capital Partners
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 1
- Stages: Debt Financing, Series B, Series C
- Focus: Software, Mobile, Security

Growing companies are constantly balancing the issue of raising capital to fuel their expansion versus taking the dilution associated with raising additional capital. The problem is even more acute when runway extension can be the difference between meeting milestones and achieving an upround or not. MMV provides entrepreneurs with an alternativeto address this problem. They have a range of creative debt financing approaches that enable a company to get the best of both worlds: additional capital with limited dilution.A major benefit of MMV is that they deploy their capital quickly and efficiently. Their goal is to make the process as user friendly for their companies as possible. They believe that management time is better spent building their business rather than fundraising. What this means is that typically, upon signing a term sheet, they are able to complete a transaction and provide capital within four weeks. As well, they do not require board representation nor the renegotiation of the shareholder's agreement.Another major advantage of MMV is that they do not require any financial covenants or guarantees from companies or management teams they provide capital to. This means as an entrepreneur, you get full access to their capital to grow your business, and don't have to worry about tripping a covenant and the resulting negative impact on your business.They operate in the technology and life sciences sectors. Their key criteria being that a company has a proprietary product or process that is needed by its customers and clearly differentiates itself from its competitors. Within technology they have been most active in the software and communications arenas. Within life sciences they provide financing to both drug development companies and medical device companies.They have financed a range of companies from those at the pre-product stage of their development to those with over $90 million in annual revenue. Their situations may be different but their underlying need for quick access to less dilutive capital is the same. For example, an early stage company may need additional runway to complete its product and start customer trials before going for its next round of financing. A later stage company may face a circumstance where the IPO window has closed and it needs additional working capital for expanding its business as it waits for the public markets to open. A publicly traded company may need access to capital to complete an acquisition but feels its stock price is depressed. Rather than undertake the time consuming process of completing a road show with institutions to raise additional equity, MMV can quickly provide less dilutive capital allowing management to remain focused on the business.MMV Financial’s business is built on providing a range of creative financing solutions that allow growing companies fast and efficient access to additional capital with limited dilution.

## Aktif Ventures
- Type: VC Fund
- Location: Sisli, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Software, FinTech

Aktif Ventures builds digital ventures from the ground up and bring them to scale by using ideas and resources.

## Ozkan Hacıoğlu
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: Hotel, Mobile Apps, Restaurants

Özkan Hacıoğlu is a Co-Founder & CEO at Neredekal.com.

## Ethos Capital
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Series A
- Focus: SaaS, Consumer, Internet

Ethos Capital is an investment company that helps companies drive growth and transformation by employing new technologies. It is committed to setting ethics and social responsibility for registry operations and supporting a globally connected and resilient Internet.

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

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

## Magnum Capital
- Type: VC Fund
- Location: Madrid, Madrid, Spain
- Relevant deals: 1
- Stages: Private Equity, Seed
- Focus: Information Technology, Rental, FinTech

Magnum is one of the largest and most active private equity firms focused on Spain and Portugal.

## Serra Ventures
- Type: VC Fund
- Location: Champaign, Illinois, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Health Care, Analytics

Serra Ventures is a venture capital firm investing in Seed, Seed Plus and Series A tech companies primarily in the U.S.

## 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

## Oğuzhan Öztürk
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Hotel, Mobile Apps, Restaurants

Oğuzhan Öztürk

## Angel Effect
- Type: VC Fund
- Location: Kurucesme, Istanbul, Turkey
- Relevant deals: 1
- 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.

## Burak Şen
- Type: Angel
- Location: Üsküdar, Istanbul, Turkey
- Relevant deals: 1
- Stages: Angel, Series A
- Focus: SaaS, Beauty, Mobile

Burak Şen

## Cem Tüfekçi
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: Machine Learning, Analytics, SaaS

Cem Tüfekçi

## Diffusion Capital Partners
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- 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.

## Kerim Kotan
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Software, SaaS, Medical Device

Kerim Kotan

## Royal Bank of Canada
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 1
- Stages: Post-IPO Debt, Debt Financing, Series B
- Focus: Health Care, Software, Biotechnology

Royal Bank of Canada is a global financial institution that provides personal and commercial banking, credit cards, insurance, investor and treasury services, and wealth management services. The firm caters to the agriculture, automotive, clean technology, healthcare, life sciences, manufacturing, media and entertainment, retail, technology,transportation, and logistics sectors.

## Emrullah Eruslu
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Automotive, E-Commerce

Emrullah Eruslu, CEO - Eryap Grup.

## SmartFin
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, SaaS, Analytics

Venture capital fund focussing on European B2B technology companies.

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

Fintech fund of Albaraka Turk

## Faruk Eczacıbaşı
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: SaaS, Energy, Podcast

Faruk Eczacıbaşı - Deputy Vice President of Eczacıbaşı @ KWORKS Koç University Entrepreneurship Research Center

## Technology & Innovation Fund
- Type: VC Fund
- Location: Jersey, Arkansas, United States
- Relevant deals: 1
- Stages: Seed
- Focus: Baby, SaaS, Mobile

Technology & Innovation Fund was added in 2013.

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