# Top 50 Hardware Startup Investors in Turkey in May 2026

## Diffusion Capital Partners
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 8
- 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: 6
- 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: 5
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, FinTech

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

## ACT Venture Partners
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 5
- Stages: Seed, Convertible Note, Series A
- Focus: Artificial Intelligence, Software, Manufacturing

Early stage deep tech investor

## Aslanoba Capital
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 5
- 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.

## TÜBİTAK
- Type: VC Fund
- Location: Ankara, Ankara, Turkey
- Relevant deals: 3
- Stages: Grant, Pre-Seed, Seed
- Focus: Software, Artificial Intelligence, Health Care

The Scientific and Technological Research Council of Turkey (TÜBİTAK) is the leading agency for management, funding and conduct of research in Turkey. It was established in 1963 with a mission to advance science and technology, conduct research and support Turkish researchers. The Council is an autonomous institution and is governed by a ScientificBoard whose members are selected from prominent scholars from universities, industry and research institutions. TÜBİTAK is responsible for promoting, developing, organizing, conducting and coordinating research and development in line with national targets and priorities. TÜBİTAK acts as an advisory agency to the Turkish Government on science and research issues, and is the secretariat of the Supreme Council for Science and Technology (SCST), the highest S&T policy making body in Turkey.

## Revo Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 3
- 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.

## Keiretsu Forum Turkey
- Type: VC Fund
- Location: Sariyer, Istanbul, Turkey
- Relevant deals: 3
- 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.

## 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

## Onur Topac
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Equity Crowdfunding
- Focus: SaaS, Big Data, Hardware

Onur Topac was born in 1990 in Istanbul. He graduated from Istanbul’s Austrian High School in 2009 and went on to receive a Bachelor’s degree from Koç University, Department of Industrial Engineering in 2013. Currently, he is pursuing a Master’s degree in Financial Engineering at Ozyegin University. Mr. Topac started his career in finance in 2008as a web site specialist at Gedik Investment; subsequently, he interned at FXCM in London in 2012. The following year, he participated in the establishment of the Investment Banking Department at Gedik Investment, leading the way in the Department’s technological transformation. Since April 2015, he has served as CEO at Gedik Girişim Sermayesi Yatırım Ortaklıgı A.S (Gedik Venture Capital Investment Partnership).
Onur Topac started to provide support to technology investments and ventures as an individual investor before obtaining the necessary certification to operate as an angel investor in 2015.

## BIC Angels
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- 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.

## Tarvenn Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Software, SaaS

Tarvenn is an Istanbul-based international investment and advisory firm. Tarvenn has an exceptional knowledge and experience in Turkey, Balkans, Central Asia, North Africa and CIS regions.
We build the future with our portfolio, international experience, corporate customers and strategic alliances.
Our business is to build yours…

## 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.

## Eksim Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: SaaS, Transportation, Facebook

Eksim Ventures supports potential business models and ideas by strengthening the power of technology. The firm was founded by Eksim Holding in 2021 and has 35 years of experience in smart capital.

## Bedii Can Yucaoglu
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Marketplace, Mobile, Big Data

Bedii Can Yucaoglu - Advisor @ Hesapkurdu

## Lima Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- 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.

## Newid capital
- Type: VC Fund
- Location: Alexandria, Virginia, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Financial Services, FinTech, Credit

Newid Capital invests internationally in growth-oriented financial services companies serving the underbanked.

## 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.

## 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.

## 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.

## Fatih Isbecer
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel, Convertible Note
- Focus: Internet, Software, Medical

Fatih Isbecer - Founder & CEO @ Dataroid

## Istanbul Startup Angels
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- 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.

## 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.

## Ebru Dorman
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Health Care, Apps, Fitness

Ebru Dorman

## Albaraka Fintech Fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, E-Commerce

Fintech fund of Albaraka Turk

## Logo Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, Retail

Logo Ventures is an early-stage venture capital firm, investing in innovative high growth technology startups with a potential to scale globally. We partner with exceptional teams with bold ideas and aim to build the future through technology together with them. We focus on the CEE, Baltic and Turkey region and support companies as they transforminto established players within their industry.

## Accion Venture Lab
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Financial Services, FinTech, Finance

Accion Venture Lab is an investment initiative that provides startups with seed capital and support.

## Melih Odemis
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, E-Commerce, Mobile

Melih is one of the pioneer Internet entrepreneurs in Turkey. Born in Istanbul, he studied Computer Engineering and MBA at Bogazici University. After one year of professional experience in Citibank, Melih founded yemeksepeti.com with his partners in 2000. Yemeksepeti.com became the online food delivery giant first in Turkey, and then in Middle Eastand Eastern Europe. As a co-founder, Melih has acted as CTO of the company until 2013 and as Board Member until May 2015, when the company was acquired by Delivery Hero writing one of the biggest Internet exit stories in the region.
Melih has been selected an Endeavor Entrepreneur in 2007. Since 2011 he has been an active angel investor in internet and technology companies with more than 30 investments. He is one of the cofounders of Galata Business Angels, which is one of the first business angel networks in Turkey. He is a founding member of EO Turkey.
Melih lives in London now with his family and continues to invest in tech start-ups globally.

## Türk Telekom
- Type: VC Fund
- Location: Ankara, Ankara, Turkey
- Relevant deals: 2
- Stages: Seed, Grant, Pre-Seed
- Focus: Artificial Intelligence, Software, Machine Learning

Turk Telekom group provides integrated telecommunication services from PSTN, GSM to wide band internet. Türk Telekom group companies have 17.3 millions of PSTN customers, 6 millions of ADSL customers and 12.6 million GSM customers as of Mach 31, 2009. With its modern network substructure, covering the whole country, the group companies offer a widerange of services to its personal and corporate customers. Turk Telekom, who is the owner of the 99,9% of shares of the companies TTNET, Argela, Innova, Sebit A.S. and AssisTT, is also the owner of 81% of the shares of Avea, which is one of the three GSM operators in Turkey. Turk Telekom also supports Albtelecom in Albania. The 55% of the shares of Türk Telekom belongs to Oger Telekomunikasyon A.S. and the 30% of the shares belongs to Undersecretariat of Treasure of Turkey. The remaining 15% of shares has been offered to public.

## 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.

## Collective Spark
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- 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.

## Kerim Kotan
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Software, SaaS, Medical Device

Kerim Kotan

## Kültepe Investment
- Type: VC Fund
- Location: Kayseri, Kayseri, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, SaaS

Kültepe Investment was established by 20 investors within the Erban Angel Investor Network to improve the investment climate of Central Anatolia and to make Kayseri a unique and unique center of attraction for entrepreneurs and entrepreneurs.

## Murat Balcı
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Apps, Fitness, mHealth

Murat Balci is an angel investor.

## 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.

## Ali Demir Akel
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, Analytics, Computer Vision

Ali Demir Akel

## Vinci Venture Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed
- Focus: Logistics, Software, Energy

Vinci is a venture capital investment firm strategically funded by Inci Holding, a family-owned, industrial holding company active in the manufacturing of wheels, car and industrial batteries, hotel equipment, and logistics services. We are a financial investor but beyond funding, we aim to add value by providing corporate resources, experience,and the long-term view of a true strategic partner for small businesses. Our lead investor, Inci Holding, allows us to provide hands-on support and actively contribute to the growth and prosperity of our investees. Vinci is run by a team made up of Inci Board members and experienced venture capital professionals, who bring relevant know-how to support start-ups on their path to commercial success.

## CVentures
- Type: VC Fund
- Location: Nilüfer, Bursa, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: Delivery, Robotics, Autonomous Vehicles

CVentures is a corporate venture capital firm of Coşkunöz Holding.

## ZMT Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: Information Technology, Internet of Things, Crowdsourcing

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

## 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.

## Umur Özal
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Baby, Rental, Retail

Umur Özal is an angel investor.

## 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.

## Cerebrum Tech
- Type: VC Fund
- Location: Ankara, Ankara, Turkey
- Relevant deals: 1
- Stages: Seed, Series A, Corporate Round
- Focus: Artificial Intelligence, Apps, Hotel

An initiative that rises from turkey with the aim of being one of the leading tech companies at global scale

## Yavuz Altun
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Delivery, Robotics, Autonomous Vehicles

Chief Executive at Happy Center.

## Muzaffer Akpınar
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: 3D Printing, 3D Technology, Consumer Electronics

Mehmet Muzaffer Akpinar is a businessperson who is associated with organisations like Penta Tekstil, MV Holding, Kvk Teknoloji Urunleri Ve Ticaret AS, Penta Textile, etc. He is an alumni of Bogazici University.

## DES Elektronik
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Finance, Hardware, Service Industry

Company provides maintenance services for Automated Teller Machines.

## Nupa
- Type: VC Fund
- Location: Istambul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed
- Focus: Delivery, Robotics, Autonomous Vehicles

Nupa is an advanced technology company owned by Nurus.

## Ali Rıza Babaoğlan
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: CRM, Apps, Coffee

I am a business professional since 2008 and a financial investor since 2015, having strategic positions in several scale-up tech companies/startups and real-estate assets. I continue to invest in the tech domain with a focus on SaaS solutions for B2B and B2C markets, and real estate options in developing markets with ROI targets.Grow inEMEA, the company I started in 2015, focuses on East Europe, Turkey, and the Middle East markets mostly for tech and real estate options and portfolio management. Also, my team provides market access services to Baltics, Turkey, and UAE / Saudi and gives investment advisory services.Prior to the investment focus, I worked in Linkedin EMEA Headquarter where I hold Director of Turkish Speaking Territory in Dublin, Ireland. Before, I have been with SAP AG and IBM in Turkey. I also give speeches at local and global investment events. I gave keynotes on ARAB NET in Lebanon, IT Arena in Ukraine, Rise Up Summit in Egypt, and NEXT in Germany. I also spoke at several closed corporate events of Roche, VESTEL, SAP AG, DenizBank, Turkish Economy Ministry, Turkish Exporters Assembly, Bakioğlu Holding, and AGT.Now, I am living in Tallinn, Estonia.Email: alib@growinemea.com
Web: https://alibabaoglan.com
Photos: https://gie.investments/my-photos

## 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

## Gate Inside Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Gaming, Sports, Charity

Founded by successful entrepreneurs to help new comers. Gate Inside developed a new model of startup funding. Twice a year they invest a small amount of money. The startups move to their incubation center for 3 months. Founders get required help from mentors and other entrepreneurs like themselves in a unique working environment.

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