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Top 50 Hardware VC Funds & Investors in Turkey (May 2026)

The most active venture capital funds investing in Turkey Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Turkey Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Diffusion Capital Partners
VC Fund
8 Turkey, United States, United Kingdom Seed, Series A Software, Information Technology, Biotechnology $375k–$3.4M
StartersHub
VC Fund
6 United States, Turkey, Latvia Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $20k–$605k
ACT Venture Partners
VC Fund
5 Turkey, United States, United Kingdom Seed, Convertible Note, Series A Artificial Intelligence, Software, Manufacturing $321k–$2.7M
APY Ventures
VC Fund
5 Turkey, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, FinTech $88k–$2.4M
Aslanoba Capital
VC Fund
5 Turkey, United States, Ireland Seed, Series A, Series B E-Commerce, Internet, Software $150k–$6.6M
Keiretsu Forum Turkey
VC Fund
3 Turkey, United States Seed, Angel, Pre-Seed Software, Information Technology, E-Commerce $175k–$7.5M
Revo Capital
VC Fund
3 Turkey, United States, United Kingdom Seed, Series A Software, Financial Services, Information Technology $250k–$19M
TRANGELS
VC Fund
3 Turkey, United States, Estonia Seed, Pre-Seed, Angel Biotechnology, Energy, Manufacturing $29k–$1.4M
TÜBİTAK
VC Fund
3 Turkey, United States Grant, Pre-Seed, Seed Software, Artificial Intelligence, Health Care $3k–$2.5M
BIC Angels
VC Fund
2 Turkey, United States, Ireland Angel, Seed Internet, SaaS, Software $24k–$135k
ERBAN
VC Fund
2 Turkey, United States Seed Energy, Battery, Industrial $67k–$92k
Istanbul Startup Angels
VC Fund
2 Turkey, United States Angel, Seed SaaS, Mobile Apps, Digital Entertainment $45k–$250k
Nexus Ventures
VC Fund
2 Turkey, United States, India Seed, Angel, Series A Software, Internet, SaaS $2k–$4.7M
Tarvenn Ventures
VC Fund
2 Turkey, United States Seed, Pre-Seed, Series A E-Commerce, Software, SaaS $50k–$600k
Lima Ventures
VC Fund
2 Turkey, Estonia, Germany Seed, Pre-Seed Artificial Intelligence, Software, FinTech $21k–$400k
Türk Telekom
VC Fund
2 Turkey, Spain Seed, Grant, Pre-Seed Artificial Intelligence, Software, Machine Learning $25k–$11M
F+ Ventures
VC Fund
2 Turkey, Estonia, United States Seed, Series A, Pre-Seed Software, Transportation, Automotive $810k–$2.7M
Bilişim Vadisi
VC Fund
2 Turkey, Germany, United Kingdom Seed, Pre-Seed Electronics, Artificial Intelligence, Software $100k–$400k
Eksim Ventures
VC Fund
2 Turkey, United States Seed, Pre-Seed SaaS, Transportation, Facebook $1.1M–$2.4M
Collective Spark
VC Fund
2 Turkey, United States, Greece Seed, Series A, Pre-Seed Software, E-Commerce, SaaS $150k–$5M
StartupFon
VC Fund
2 Turkey, United States, Switzerland Seed, Angel, Pre-Seed Artificial Intelligence, E-Commerce, SaaS $30k–$2.6M
Newid capital
VC Fund
2 India, Kenya, Turkey Series A, Seed, Series B Financial Services, FinTech, Credit $1.3M–$1.3M
Logo Ventures
VC Fund
2 Turkey, United Kingdom, Nigeria Seed, Series A Software, SaaS, Retail $500k–$11M
Accion Venture Lab
VC Fund
2 United States, India, Brazil Seed, Series A Financial Services, FinTech, Finance $500k–$7.5M
DAAL
VC Fund
2 United Arab Emirates, Egypt, Mexico Seed, Convertible Note, Pre-Seed E-Commerce, Software, SaaS $100k–$3.3M
Kültepe Investment
VC Fund
2 Turkey, United States Seed, Pre-Seed Software, E-Commerce, SaaS $700k–$2M
Alesta Yatırım
VC Fund
2 Turkey, United States Seed, Pre-Seed Software, E-Commerce, Information Technology $11k–$600k
Albaraka Fintech Fund
VC Fund
2 Turkey Seed, Pre-Seed Information Technology, Software, E-Commerce
HEDEF GIRISIM SERMAYESI
VC Fund
1 Turkey Seed, Equity Crowdfunding Pet, FinTech, Internet $351k–$526k
TechOne VC
VC Fund
1 Turkey, United States, Estonia Seed, Pre-Seed Software, SaaS, Information Technology $115k–$2.4M
Bf Ventures
VC Fund
1 Turkey Seed Smart Home, Manufacturing
KVK
VC Fund
1 Turkey Seed 3D Printing, 3D Technology, Consumer Electronics
QNBEYOND Ventures
VC Fund
1 Turkey, United States, United Kingdom Seed, Pre-Seed, Series A Information Technology, SaaS, FinTech $200k–$3.5M
Driventure
VC Fund
1 United States Seed, Pre-Seed, Series A Transportation, SaaS, Computer $810k–$3M
Sabancı Ventures
VC Fund
1 Turkey, United States Seed, Series A Information Technology, Software, FinTech $550k–$1.5M
Heaventures
VC Fund
1 Turkey, United States Seed, Pre-Seed SaaS, Software, Information Technology $150k–$300k
Inventram
VC Fund
1 Turkey, United States Seed, Series A Retail, Robotics, Analytics $616k–$3.5M
ZMT Ventures
VC Fund
1 Turkey, United Kingdom Seed Information Technology, Internet of Things, Crowdsourcing $46k–$1M
Keiretsu Capital
VC Fund
1 United States, Canada, India Series A, Seed Health Care, Biotechnology, Medical $700k–$5M
Akis Gayrimenkul Yatirim Ortakligi
VC Fund
1 Turkey Seed, Corporate Round Retail, Shopping, Software
CVentures
VC Fund
1 Turkey Seed Delivery, Robotics, Autonomous Vehicles
DES Elektronik
VC Fund
1 Turkey Series A Finance, Hardware, Service Industry
Nupa
VC Fund
1 Turkey Seed Delivery, Robotics, Autonomous Vehicles
StartersHub XO
VC Fund
1 Turkey Seed Information Technology, FinTech, Finance $20k–$150k
Techmine Gsyo
VC Fund
1 Turkey Seed Retail, Software, E-Commerce
Farplas
VC Fund
1
twozero Ventures
VC Fund
1 Turkey, United States Seed, Series A, Pre-Seed Internet, Media and Entertainment, Software $112k–$2M
Sente Ventures
VC Fund
1 United States, Israel, Turkey Pre-Seed, Series B Artificial Intelligence, Machine Learning, Information Technology $50k–$1.5M
EGIAD Angels
VC Fund
1 Turkey, Estonia Seed, Angel Software, E-Commerce, Information Technology $8k–$2.1M
Gate Inside Ventures
VC Fund
1 Turkey Seed, Pre-Seed, Series A Gaming, Sports, Charity $50k–$250k
Access all 18 VC funds in Turkey Hardware startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Diffusion Capital Partners
VC Fund · Istanbul, Istanbul, Turkey · 8 investments in Turkey Hardware startups

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

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Investment focus

  • Industry: Software, Information Technology, Biotechnology
  • Stage:Seed, Series A
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Seed $375k–$3.4M; Series A $985k–$2.5M
  • Lead/follow: 71% lead, 29% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Khenda — Khenda is an AI-based video analytics platform that helps manufacturing plants to increase their safety, efficiency, and quality at production lines by analyzing manual activities.
  • TAZI AI — TAZI's Automated Machine Learning is understandable continuous machine learning from data and humans, enables business domain experts to use machine learning to ...
  • Enhencer — Reach AI based transparent audiences or lookaliles for your ecommerce. Achieve higher campaign conversion and ROAS than ever before.
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StartersHub
VC Fund · Istanbul, Istanbul, Turkey · 6 investments in Turkey Hardware startups

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!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Turkey, Latvia

Investor stats

  • Total investments: 47
  • Round size: Seed $30k–$605k; Pre-Seed $20k–$285k; Convertible Note $25k–$30k
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Nerf IT — Nerf IT! is a super app enriched with crypto and NFT, where you can participate in tournaments, education, and events within esports.
  • Quin AI — Quin AI is a real-time digital customer analytics tool that helps e-commerce websites predict visitors’ behavior after only 3-clicks, and engage them in real-time. The tool is very simple to install (just a JavaScript plugin), and only uses in-session clickstream data (cookie-free & GDPR compliant) to make highly accurate predictions to supportconversion for traffic that otherwise drops.Quin significantly increases engagement and incremental revenue on websites through native engagement tools and easy API integration to available tech-stacks which makes the product an ideal solution for e-commerce websites and ideal partner for companies providing services to retail and e-commerce businesses.
  • Kassa — Kassa is an app that allows the user to easily share the expenses with their friends. The app reviews the user's balance of income and expenses, together with their savings to make financial decisions accordingly. Kassa keeps every mutual expense made to share it evenly.
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ACT Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 5 investments in Turkey Hardware startups

Early stage deep tech investor

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Investment focus

  • Industry: Artificial Intelligence, Software, Manufacturing
  • Stage:Seed, Convertible Note, Series A
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 31
  • Round size: Seed $321k–$2.7M; Convertible Note $964k–$1.3M
  • Lead/follow: 77% lead, 23% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • Hazy — Hazy is a UCL AI spin out backed by Microsoft and Nationwide. Our core product is synthetic data - data generated artificially using machine learning techniques, that retains the statistical properties of the real data and can be safely used for analytics and innovation without compromising customers privacy and confidential information. We do itby capturing patterns in the raw data to generate completely synthetic 'hazy' data that maintains the statistical value of the original. This means businesses can unlock their data for innovation freely with safer and faster data provisioning on demand and no compliance, security or privacy risks and procurement delays.
  • 3E Nano — 3E Nano has developed and is commercializing a low cost, thermally and optically smart, Diamond-Like Carbon (DLC) coating. This nano thin film applied to glass and other transparent media is targeted toward windows, windshields, greenhouses, and solar module manufacturers.
  • Productive Machines — We create digital twins of the milling process to identify vibrations and then automatically personalize the tool path parameters to eliminate chatter. Our customers get to the best part, faster, the first time.
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APY Ventures
VC Fund · Istanbul, Istanbul, Turkey · 5 investments in Turkey Hardware startups, 26 in the past 12 months

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

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $88k–$2.4M; Pre-Seed $100k–$2M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $14M in 2021

Portfolio highlights

  • Juphy — Unify social conversations, deliver excellent customer service, and sell via personalized messaging. #1 tool for social selling & support.
  • Poliark — AI for Built Environment
  • Syntonym — Syntonym state-of-the-art artificial intelligence technologies provide customers with seamless anonymization by protecting visual data values within the high standards. Syntonym applications use a cloud-native approach to provide customers with seamless integration at the EDGE, Cloud and on-premises servers.
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Aslanoba Capital
VC Fund · Istanbul, Istanbul, Turkey · 5 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Seed, Series A, Series B
  • Geography: Turkey, United States, Ireland

Investor stats

  • Total investments: 98
  • Round size: Seed $150k–$2.5M; Series A $350k–$2.5M; Series B $825k–$6.6M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: May invest from a new fund soon — raised $80M in 2015

Portfolio highlights

  • Colendi — Credibility and microcredit platform
  • CARD.com — Fully featured bank account with optional overdraft protection and round up savings account. Get your paycheck up to 2 days earlier.
  • Modacruz — Modacruz is a mobile social marketplace, serving more than 1 million women in Turkey, enabling women to buy and sell pre-owned brand name fashion items. Users can sign up to the platform to either find and purchase products or to sell their own. Modacruz was launched in 2014 and is headquartered in Istanbul
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Keiretsu Forum Turkey
VC Fund · Sariyer, Istanbul, Turkey · 3 investments in Turkey Hardware startups, 7 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $175k–$7.5M; Angel $175k–$2M; Pre-Seed $250k–$500k
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Saybeni — Saybeni focuses on people's personal awareness and offers a personalized road map of life.
  • Reeplayer — Soccer is best when shared. Reeplayer automagically records games and gives everyone access to the footage. $99/month, camera included. Record without limits.
  • RePG Energy — RePG Energy is a renewable energy system that offers innovative solutions and patents which converts the flow power occurred by using non-saturated air into electric power directly without utilizing generator by means of osmosis and diffusion principles as distinct from renewable energy systems known. RePG Energy was founded in 2916 and is basedin Istanbul.
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Revo Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in Turkey Hardware startups, 6 in the past 12 months

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

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Seed, Series A
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 53
  • Round size: Seed $425k–$2.8M; Series A $250k–$19M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $96M in 2021

Portfolio highlights

  • DefensX — DefensX protects users from sophisticated cybersecurity attacks by isolating threats from reaching end-point devices, such as desktops, laptops, smart phones and tablets.
  • FileOrbis — FileOrbis is a file management platform that provides file-sharing and management services.
  • Getir Turkey — Getir is a technology company that provides on-demand delivery services.
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TRANGELS
VC Fund · Istanbul, Istanbul, Turkey · 3 investments in Turkey Hardware startups

Early Stage Investment Fund and Network

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Investment focus

  • Industry: Biotechnology, Energy, Manufacturing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 31
  • Round size: Seed $67k–$1.4M; Angel $29k–$500k; Pre-Seed $35k–$400k
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • & New Me — Andnewme is a health platform that serves with the motto "only aesthetics". You can get information about aesthetic treatments and find the doctor you are looking for!
  • Biftek — The future of meat starts here. We produce growth medium to make cultured meat affordable.
  • Nanomik Biotechnology — Nanomik Biotechnology produces next generation biofungicides that increase the shelf life of fresh fruits and vegetables. Antimicrobial raw materials produced by microorganisms isolated from nature and active molecules obtained from plants are placed in micro-sized biopolymer capsules and applied to fruits. These completely natural microcapsulesadhere to the fruit and open within 24-48 hours and provide protection on the surface. While the biopolymer material forms an edible layer on the fruit, the ingredients in it prevent the growth of molds present in the medium. Unlike chemical fungicides, our products do not cause any harm to human and environment.
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TÜBİTAK
VC Fund · Ankara, Ankara, Turkey · 3 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $50k–$2.5M; Grant $3k–$230k; Pre-Seed $20k–$150k
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • TRAICK — Using Artificial Intelligence to Predict Risk of Thyroid Cancer Analysis, Yapay Zeka ile Tiroid Kanser Risk Tahmini
  • Mistikist — Mistikist's AI Assisted Brainwave Entrainment for focus, relaxation & sleep. Well-being in just minutes with neuroscience backed methodology.
  • Plankton Marine Technologies — R&D company operating in the vertical of marine technologies, established with the support of TÜBİTAK 1512 Teknogirişim.
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BIC Angels
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Internet, SaaS, Software
  • Stage:Angel, Seed
  • Geography: Turkey, United States, Ireland

Investor stats

  • Total investments: 9
  • Round size: Angel $24k–$135k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Doktorderki — Doktorderki is an online system that allows people to directly talk to doctors about their questions and problems regarding health. It aims to establish a scalable B2C growth model along with the investment it is taking and to do B2B work with pharmacists and mainly dermocosmetics companies.The company was founded in 2015 and is headquartered inIstanbul, Turkey.
  • Kolay Randevu — Kolay Randevu is an online beauty booking marketplace and salon management software for salons.
  • EvdekiBakıcım — EvdekiBakıcım empowers young generation so they can reach their full potential. EvdekiBakıcım aims to lead innovation in care, tutoring and activity categories.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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ERBAN
VC Fund · Kayseri, Kayseri, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Energy, Battery, Industrial
  • Stage:Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 3
  • Round size: Seed $67k–$92k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Batron Arge — Batron Arge, which provides battery design and production services, was established in 2017 with the Tübitak 1512 Teknogirişim capital support program and started to serve its customers in the field of battery and medical industry. Although our company is new, it was founded by engineers with more than ten years of experience in battery mechanicsand electronics, embedded system design, test engineering, and project management. Battery designs, which will meet the requirements of international standards and will be at competitive levels in terms of cost, are primarily offered to customer evaluation. In our country, limited supply sources for standard and customer-specific battery design lead device designers to unreliable far east products. Being a reliable domestic product supplier in this regard is one of the most important goals of BATRON R&D. By working as a member of the same project team with device designers, by providing fast and effective reactions to design changes, by offering reliable products to the designer and the user, our work continues with the increasing enthusiasm to make our company a world brand and represent our country in this sector.
  • Baron Energy — Baron Energy is an oil and gas exploration and development company. The company is engaged in the acquisition, operation, and exploitation of producing oil and gas properties in Texas. Baron performs petroleum management and business development services for client companies focused on acquiring assets.
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Istanbul Startup Angels
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: SaaS, Mobile Apps, Digital Entertainment
  • Stage:Angel, Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $50k–$175k; Angel $45k–$250k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • LOKI — LOKI is a cloud-based secure network platform that can be managed without any technical knowledge.The company enables companies to manage and secure their networks by changing how they interact with cybersecurity products. LOKI platform offers a cloud-based secure software-defined wide area network (SD-WAN) infrastructure that automatically scansand protects all network traffic from threats.
  • MobilMed — Since 2015, we have been providing services in the field of mobile biomedical device design and application solutions. Our goal is to provide you with great customer experience and exceptional value services.
  • Parkkolay — Parkolay mobile app enables users to make parking reservations and paying parking fee via mobile phone. It is a platform that helps drivers to find a parking spot in under 1 minute. The company aims to make every step of parking more simple and easier with other parking solutions. The mobile app is available for IOS and Android operating sytems.
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Nexus Ventures
VC Fund · Ankara, Ankara, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Software, Internet, SaaS
  • Stage:Seed, Angel, Series A
  • Geography: Turkey, United States, India

Investor stats

  • Total investments: 24
  • Round size: Seed $2k–$4.7M; Angel $45k–$250k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Rapido — Rapido bike taxi provides the best intra-city commuting services and is currently operating in 100+ cities. It is considered as the most affordable choice.
  • Iambic Therapeutics — Iambic has created a cutting-edge AI-driven platform to tackle the most challenging design problems in drug discovery and address unmet patient need.
  • Liminal — Create Multisig wallets for Bitcoin, Ethereum, Ripple using hardware wallets. We make it extremely easy and secure for individuals and businesses to manage their digital assets without giving up control and ownership.
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Tarvenn Ventures
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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…

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Investment focus

  • Industry: E-Commerce, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $50k–$600k
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • RADAAR — A stunning social media management platform for brands, agencies, and startups that want to engage followers, publish unique content, and measure performance.
  • Pixa Software — Pixa Software is an e-commerce integration and operations management platform to easily manage order processes.
  • Madcraft Studios — Madcraft Studios develops games for computer and mobile platforms.
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Lima Ventures
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups, 7 in the past 12 months

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.

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Investment focus

  • Industry: Artificial Intelligence, Software, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, Estonia, Germany

Investor stats

  • Total investments: 28
  • Round size: Seed $21k–$400k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • VRLab Academy — VRLab Academy specializes in implementing advanced virtual science education to institutions. It focuses on waste-free, attractive, and useful design to makes advanced virtual science education possible. The company aims to evolve the educational environment where students will improve their scientific skills and learn all about it from firsthand.
  • Studio Billion — Studio Billion is a game development company that develops applications, games, and projects for different platforms. Studio Billion is headquartered in Istanbul, Turkey.
  • Enqura Information Technologies — Enqura Information Technologies offers advanced technologies in conjunction with human resources as reasonable solutions. Enqura develops creative solutions in the field of digital transformation. They provide innovative and end-to-end solutions to several industries, primarily finance and insurance.
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Türk Telekom
VC Fund · Ankara, Ankara, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Grant, Pre-Seed
  • Geography: Turkey, Spain

Investor stats

  • Total investments: 5
  • Round size: Seed $25k–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Myth AI — Myth AI provides artificial intelligence-based "state of the art" pattern design tools that brings together designers and businesses.
  • Metatime — Metatime is building the world's most comprehensive digital ecosystem by maximizing the efficiency of blockchain technology. Over 70 digital products, one ecosystem!
  • XENA VISION — Next Generation Emergency Recognition Technology
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F+ Ventures
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Software, Transportation, Automotive
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Turkey, Estonia, United States

Investor stats

  • Total investments: 10
  • Round size: Seed $1M–$2.7M; Series A $810k–$1.5M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Optiyol — Optiyol helps freight and passenger transportation operations in cities have increased in volume due to e-commerce and increased urbanization. Legacy route optimization solutions can no longer handle the scale and complexity of these operations and require human intervention which results in overspending for fleet and energy costs and lowercustomer service levels due to late arrivals. Optiyol builds a self-learning optimization engine with comprehensive data models and algorithms to handle all real-life constraints for both efficient and practical route plans. Optiyol's team has over ten years of experience in algorithm engineering and software design with Ph.D. degrees from Georgia Tech.
  • Büyütech — Democratizing the autonomy by changing the way of perception. We work for a world where your loved ones are safe on the roads we offer affordable and scalable products that will become the eyes of the millions.
  • Saykal Electronics — Saykal develops and manufactures advanced technology in sensing, detection, and imaging systems for global-scale strategic and scalable industries, especially automotive.
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Bilişim Vadisi
VC Fund · Gebze, Kocaeli, Turkey · 2 investments in Turkey Hardware startups, 6 in the past 12 months

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

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Investment focus

  • Industry: Electronics, Artificial Intelligence, Software
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, Germany, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $100k–$400k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Büyütech — Democratizing the autonomy by changing the way of perception. We work for a world where your loved ones are safe on the roads we offer affordable and scalable products that will become the eyes of the millions.
  • Alternatif SuperApp — Alternatif SuperApp provides digital wallet services and offers a secure mobile payment gateway. People can utilize the campaigns, use the digital wallets of numerous brands in a single application, and make secure QR code payments with the Alternatif SuperApp. Users of Alternatif SuperApp can shop quickly and without standing in line, share awallet for the amount and duration they choose, and take advantage of the campaigns.
  • MotionWorks — Motionworks make the forefront of a new era in television, harnessing the power of innovative video and ad technologies to transform the way TV programming is consumed and monetized. We are not simply upgrading the old system; we are completely redesigning it. We are integrating the fragmented views of TV on different screens into a unified,tailored experience for each viewer with our end-to-end video services and integrated advertising solutions. Our patented technology bridges the gap between linear and digital impressions, providing marketers with a single picture and unprecedented control. As a result, the viewer experience is smoother and more engaging, and advertising is more effective and efficient. We're not just improving the viewer experience by reinventing how we consume and monetize TV content; we're also saving money.
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Eksim Ventures
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups, 6 in the past 12 months

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.

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Investment focus

  • Industry: SaaS, Transportation, Facebook
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $1.8M–$2.4M; Pre-Seed $1.1M–$2M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Bottobo — Bottobo Robotics is a robotic company aiming to revolutionize and democratize the autonomous mobile robot landscape. We build collaborative AMRs that work in harmony with human workforces helping organizations in boosting warehouse picking productivity AMR, autonomous mobile robots, 3D Lidar
  • WASK INC — Digital marketing ads software: create new smart ads and management digital marketing fast, advertising easily with digital marketing software tool
  • Enqura Information Technologies — Enqura Information Technologies offers advanced technologies in conjunction with human resources as reasonable solutions. Enqura develops creative solutions in the field of digital transformation. They provide innovative and end-to-end solutions to several industries, primarily finance and insurance.
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Collective Spark
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Turkey, United States, Greece

Investor stats

  • Total investments: 35
  • Round size: Seed $150k–$5M; Pre-Seed $450k–$2.6M; Series A $1.4M–$2M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Cenoa — Cenoa is an easy-to-use, fast and global superwallet
  • Invent analytics — Invent is a provide of advanced analytics solutions for retailers and FMCG companies. Invent's products and services enable companies to achieve maximum profitability with data-driven inventory and pricing decisions. Retailers using Invent’s proprietary solutions have seen 2-6% increase in profitability and an unmatched ROI, proven for eachcase with live large-scale A/B testing. Their SaaS solutions offer agility and scalability, requiring zero capital investment due to the pay-as-you-go subscription model.
  • Veloxia Technology — Veloxia Technology was founded on a vision of becoming a unicorn in global consumer technologies. Veloxia’s mission is to design the self-marketing & industry-disrupting products by achieving excellence at product-market fitness and integrating behavioral economics into its products. As revolutionary products require revolutionary people,Veloxia will always aim at gathering the ones with strong capabilities, reliable values and the desire to embody our story.
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StartupFon
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Turkey, United States, Switzerland

Investor stats

  • Total investments: 24
  • Round size: Seed $30k–$2.6M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2021

Portfolio highlights

  • Neol — Neol is a decentralized and tokenized cohort-based learning and on-demand talent platform, powered by a curated global creative community.
  • Hirize — Resume parser and matching AI-powered with GPT-3 Technology, supercharge your hiring with our wide range of recruitment solutions
  • Artifica.io — Artifica.io creates products for the requirements of industries by utilizing artificial intelligence technologies.
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Newid capital
VC Fund · Alexandria, Virginia, United States · 2 investments in Turkey Hardware startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Credit
  • Stage:Series A, Seed, Series B
  • Geography: India, Kenya, Turkey

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$1.3M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Lulalend — Financial provider for SME business banking accounts, business funding, and trade capital in South Africa. Do not delay. Click now to learn more and start today!
  • NOW Money — NOW Money is the UAE's first digital payroll and mobile bank service developed specifically for low income workers.
  • Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer
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Logo Ventures
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Software, SaaS, Retail
  • Stage:Seed, Series A
  • Geography: Turkey, United Kingdom, Nigeria

Investor stats

  • Total investments: 15
  • Round size: Seed $500k–$2.4M; Series A $2.2M–$11M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • Hazy — Hazy is a UCL AI spin out backed by Microsoft and Nationwide. Our core product is synthetic data - data generated artificially using machine learning techniques, that retains the statistical properties of the real data and can be safely used for analytics and innovation without compromising customers privacy and confidential information. We do itby capturing patterns in the raw data to generate completely synthetic 'hazy' data that maintains the statistical value of the original. This means businesses can unlock their data for innovation freely with safer and faster data provisioning on demand and no compliance, security or privacy risks and procurement delays.
  • Flowla — From outreach to onboarding, create personalized sales stories, impress prospects, and build consensus with multiple stakeholders.
  • WASK INC — Digital marketing ads software: create new smart ads and management digital marketing fast, advertising easily with digital marketing software tool
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Accion Venture Lab
VC Fund · Washington, District of Columbia, United States · 2 investments in Turkey Hardware startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$6.4M; Series A $2.5M–$7.5M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
  • Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
  • Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.
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DAAL
VC Fund · Al Khobar, Ash Sharqiyah, Saudi Arabia · 2 investments in Turkey Hardware startups

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

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Investment focus

  • Industry: E-Commerce, Software, SaaS
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United Arab Emirates, Egypt, Mexico

Investor stats

  • Total investments: 16
  • Round size: Seed $100k–$3.3M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Ogram — Ogram provides temporary and part-time staffing solutions for business that are looking to grow and improve their workflow. Hire Waiters, Runners, Kitchen Staff, Retail Staff, Warehouse Staff, E-Pickers and more.
  • Ordera — Ordera is a mobile application focusing on enhancing the pick-up (takeaway) experience in the F&B industry, using Ordera people will be able to place and pay for their orders before their arrival to the venue and pick them up on the go in less than 30 seconds whether from the store or even from their cars like a virtual drive-thru. And with ourbuilt-in loyalty program, the more people use the application the more free-stuff they collect from their favorite venues. On the other hand, Ordera helps venue owners to increase their sales, know their customers, and maintain their loyal ones!
  • Pulppo — Pulppo is the first Tech Enabled broker for Latin America. We partner with the best brokers in the region and empower them with tools, technology and resources to create a simple and transparent buying process. Pulppo was founded by Agustin Iglesias, former GM of Inmuebles24 and founder of Tokko Broker (Acquired by Navent) and Matias Gath, formerGM of Glovo in Argentina and founder of Kadabra (acquired by Glovo).
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Kültepe Investment
VC Fund · Kayseri, Kayseri, Turkey · 2 investments in Turkey Hardware startups

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.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $700k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bartme — Bartme is a c2c Barter Platform. Our mission is to put barter back in our daily life to maximise lifespan of any book today and any product tomorrow. Globally. Innovatively.We see a very strong tech-driven hype in 2nd hand (i.e. pre-owned) market. However, there is immense untapped potential in traditional barter. We have examined prominentproblems in barter concept and developed a unique, brand new mobile app to make barter a favorable option in 2nd hand trade.Happy Barter,Bartme Team
  • Medialyzer — Measure, analyze and increase the online impact of TV advertising.
  • artlabs — ART Labs introduces tailor-made AR-commerce. A specially designed, effortless, 3D-powered boost for eCommerce
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Alesta Yatırım
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Turkey Hardware startups, 11 in the past 12 months

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.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 47
  • Round size: Seed $11k–$600k; Pre-Seed $35k–$400k
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $5M in 2012

Portfolio highlights

  • OneNewOne — OneNewOne, which operates in the Human Resources vertical, uses artificial intelligence technology to classify and match the CV Pool in minutes and to enable artificial intelligence to do preliminary interviews using its "Smart Pre-Interview" module.
  • Handler — Handler is an artificial intelligence (AI) optimization of game creation processes, including idea, programming, and marketing.
  • Pusula Publishing — Compass, one of Turkey's top publishers of books on computer science, software, programming, and design, is the company behind the popular "Who's Afraid of Computers?" series. Compass also publishes periodicals, encyclopedias, and educational materials in the field of informatics.
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Albaraka Fintech Fund
VC Fund · 2 investments in Turkey Hardware startups

Fintech fund of Albaraka Turk

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Investment focus

  • Industry: Information Technology, Software, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Turkey

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Clotie — Clotie offers a brand new shopping experience to its users by offering an online personal styling service. It creates a unique customer experience by combining technology with the personal touches of experienced stylists and sends monthly outfits suitable for its users’ style. Clotie primarily focuses on eliminating online and offline shoppingproblems by providing a personalized, plus accessible styling service for those who do not have time for shopping but still want to be stylish.
  • Vomsis — Vomsis is a application which collects all the bank banks on a single screen and helps to check balance and account movements.
  • denebunu.com — Founded in 2016, Denebunu is a revolutionary data-driven digital marketing platform with a community of +1,5M members that connects brands with their consumers via technology, sampling and consumer insights. We redefined the way consumers shop for FMCG & Cosmetics products by a monthly delivery of personalised samples. We partner with thebest brands in the industry such as Unilever, P&G, L’Oréal, Henkel, Estee Lauder, Nestlé etc. , and use a proprietary algorithm to meet right products w/ right consumers , based on their preferences and profiles on denebunu.com
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HEDEF GIRISIM SERMAYESI
VC Fund · 1 investments in Turkey Hardware startups, 6 in the past 12 months

Our company, which sees this gap in our country, to support entrepreneurship from the beginning;Investing in innovative projects of visionary entrepreneurs who design new markets with high growth potential, new technology or products, a new mode of production or service, To provide financial and managerial support to SMEs that are in anadvantageous position compared to their competitors in terms of products/services, but are short of capacity and financing, It has taken it as a mission to create the necessary infrastructure for the development of venture capital and business angels models in our country and to increase their awareness.

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Investment focus

  • Industry: Pet, FinTech, Internet
  • Stage:Seed, Equity Crowdfunding
  • Geography: Turkey

Investor stats

  • Total investments: 6
  • Round size: Seed $351k–$526k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kalfa — Kalfa is a human-assisted digital business platform for financial advisors. It also offers transferring receipts and invoices to the system, mobile applications, e- auto bank transactions, preparing accrual records, and insurance policies, enabling operational work to be more controllable and faster from a single center.
  • Norm Energy Systems — Norm Energy Systems is a Solar Power Investment & Management Partner that operates in Turkey.
  • Enqura Information Technologies — Enqura Information Technologies offers advanced technologies in conjunction with human resources as reasonable solutions. Enqura develops creative solutions in the field of digital transformation. They provide innovative and end-to-end solutions to several industries, primarily finance and insurance.
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TechOne VC
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups, 8 in the past 12 months

TechOne VC is a venture capital firm. It invests in innovative tech startups founded by visionary entrepreneurs solving global problems, to deliver superior returns for our investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 37
  • Round size: Seed $115k–$2.4M; Pre-Seed $400k–$605k
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $7M in 2020

Portfolio highlights

  • GINOA — GINOA provides NFT, metaverse, and artificial intelligence for collecting, trading, and investing strategy. They also provide Al-enabled pricing and hassle-free barter place services.
  • WASK INC — Digital marketing ads software: create new smart ads and management digital marketing fast, advertising easily with digital marketing software tool
  • Vanora Ventures — Vanora Ventures invests in design and builds technology start-ups from scratch by providing, experienced team and technology support.
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Bf Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

Bf Ventures engages in the financial industry.

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Investment focus

  • Industry: Smart Home, Manufacturing
  • Stage:Seed
  • Geography: Turkey

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Beebird Technology — IoT devices and services for a connected home
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KVK
VC Fund · 1 investments in Turkey Hardware startups

K.V.K., has the position of being the undisputable leader of the mobile phone market in Turkey. K.V.K., together with the GSM operating services of Turkcell and its subsidiares, distributes mobile telecommunication and data products for leading global brands including Nokia, Blackberry, HTC and accessories with the brand name of “K.V.K. Tools”. K.V.K. also distributes SIM cards of Turkcell, the 5th fastest growing GSM operator in the world. With 3.500 sales offices, K.V.K. has the widest distribution network in Turkey. K.V.K. which has made "customer satisfaction first" its motto, also provides full after-sales support and technical services to its customers. Customer satisfaction takes precedence over all other issues and all K.V.K. marketing strategie are structured according to this principle.

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Investment focus

  • Industry: 3D Printing, 3D Technology, Consumer Electronics
  • Stage:Seed
  • Geography: Turkey

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Zaxe — Discover the Unique FDM 3D Printing Experience. Zaxe 3D Printers Provides Easy to Use with xDestop Slicer Software. Get Advantage in Additive Manufacturing with Zaxe Filaments
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QNBEYOND Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

Like every other aspect of our lives financial services are changing. The next 10 years will be nothing like before.We know visionary founders will play a key role to pioneer this change. That is why we are driven to partner with audacious teams who also have strong resilience.As a strategic investor we are aiming to explore any chance tocollaborate as earliest as possible, where we can contribute with our insights and explore the potential opportunities within QNB Group.Our presence as QNB Group in more than 30 countries serving 24 million customers with a full spectrum of financial products, makes us confident we can bring an extensive global network and our business expertise thus when we partner, we deliver critical support besides capital to accelerate growth.So if you think you are that team, contact us and let’s define what’s beyond of banking together!

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Investment focus

  • Industry: Information Technology, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Seed $200k–$3.5M; Pre-Seed $375k–$720k
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • ikas — Start selling online with the new generation e-commerce platform ikas. Increase your sales and experience international commerce.
  • FirstBatch — User embeddings, compatible with all vector databases, enable instantly personalized experiences while ensuring personal and privacy-preserving memory.
  • Kiralarsın — Kiralarsın is a rental service to rent electronic devices.
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Driventure
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

Ford Otosan, Europe's commercial vehicle manufacturing leader, established the corporate venture capital company 'Driventure' to implement new generation technologies that will play a key role in the transformation of the automotive industry, with the Turkish entrepreneurship ecosystem. Driventure, Ford Otosan's venture capitalfirm, will develop new ideas and technologies with initiatives focusing on mobility (smart mobility), connectivity, autonomous technologies and electric vehicles.

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Investment focus

  • Industry: Transportation, SaaS, Computer
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States

Investor stats

  • Total investments: 4
  • Round size: Seed $810k–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Optiyol — Optiyol helps freight and passenger transportation operations in cities have increased in volume due to e-commerce and increased urbanization. Legacy route optimization solutions can no longer handle the scale and complexity of these operations and require human intervention which results in overspending for fleet and energy costs and lowercustomer service levels due to late arrivals. Optiyol builds a self-learning optimization engine with comprehensive data models and algorithms to handle all real-life constraints for both efficient and practical route plans. Optiyol's team has over ten years of experience in algorithm engineering and software design with Ph.D. degrees from Georgia Tech.
  • Saha Robotics — Saha Robotics primarily engages in delivering groceries, cargo and custom items with autonomous cloud connected robots.
  • Bluedot — TaskFlow is a premium SaaS Webflow template to help you convert visitors into customers. Attract visitors, share your story and grow your revenue with this professional but friendly template. Customize the template easily and launch your new SaaS website within days, with TaskFlow.
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Sabancı Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

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

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Investment focus

  • Industry: Information Technology, Software, FinTech
  • Stage:Seed, Series A
  • Geography: Turkey, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $550k–$1.5M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Figopara — Figopara is a solution that discounts companies' e-invoices before their due dates with the offers received by financial institutions. It provides secure information to the financial companies that the customer is associated with and wants to reach by providing them with printed invoice information.Figopara was established in 2017 to developfinancial technology applications and is headquartered in Istanbul, Turkey.
  • Segmentify — Bring Growth to Life: Explore how you can create unique experiences for each customer in real-time and optimise customer lifetime value!
  • Supply Chain Wizard — SPEED, SIMPLICITY, SCALABILITY IN DIGITAL TRANSFORMATION Consulting Services DIGITAL SUPPLY CHAIN TRACK & TRACE PROCESS EXCELLENCE & RPA DIGITAL FACTORY CONSULTING Software as a Service DIGITAL FACTORY IoT & AI
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Heaventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

Heaventures strives to join in exceptional early-stage startups as a team member and contribute with its time, expertise, network and money.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 7
  • Round size: Pre-Seed $150k–$300k
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Yemece — Yemece offers its customers the opportunity to design their own menus.
  • Inspakt — Digitalize documentation from start to finish. Create and customize new templates with no-code, request fill-out and finalize by collecting signatures.
  • VRLab Academy — VRLab Academy specializes in implementing advanced virtual science education to institutions. It focuses on waste-free, attractive, and useful design to makes advanced virtual science education possible. The company aims to evolve the educational environment where students will improve their scientific skills and learn all about it from firsthand.
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Inventram
VC Fund · Üsküdar, Istanbul, Turkey · 1 investments in Turkey Hardware startups

İnventram, venture investment arm of Koç Holding, invests in grounbreaking innovative and disruptive high tech startups&scaleups worlwide. 5 out of the 9 high tech startups in Inventram's portfolio currently operate in the USA, and 1 in Germany.

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Investment focus

  • Industry: Retail, Robotics, Analytics
  • Stage:Seed, Series A
  • Geography: Turkey, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $616k–$3.5M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Vispera — Drive your retail execution to perfection with Vispera image recognition technologies and intelligent retail solutions.
  • Augmency — Agumency is a technology company based on augmented reality services and products which are using IoT, Industry 4.0 etc.
  • Tarabios — Tarabios is developing a mobile device to monitor blood clot times (PT / INR) for Warfarin Therapy patients
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ZMT Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

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

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Investment focus

  • Industry: Information Technology, Internet of Things, Crowdsourcing
  • Stage:Seed
  • Geography: Turkey, United Kingdom

Investor stats

  • Total investments: 7
  • Round size: Seed $46k–$1M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2013

Portfolio highlights

  • Aydanaya — Aydanaya is a market place established to bring together the producers and members of healthy, local, and sustainable products safely. The company carefully selects the manufacturer stories behind the products in line with our values ​​and bring them together with happy service motivation.
  • Segmentify — Bring Growth to Life: Explore how you can create unique experiences for each customer in real-time and optimise customer lifetime value!
  • English Ninjas — English Ninjas is the best platform to improve your English speaking skills. Hundreds of native tutors are online to teach English with affordable prices starting at 6.84$/month. You can learn more vocabulary, grammar and get fluent by speaking with your teachers. We are the best course for IELTS & TOEFL. Visit us now!
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Keiretsu Capital
VC Fund · Seattle, Washington, United States · 1 investments in Turkey Hardware startups, 11 in the past 12 months

Keiretsu Capital LLC is an affiliate of the World's Leading Angel Network, Keiretsu Forum, and manages funds which enable limited partners to co-invest in the proprietary deal flow of the angel investors.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Seed
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 101
  • Round size: Seed $700k–$2.2M; Series A $2.2M–$5M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — raised $3.7M in 2022

Portfolio highlights

  • Clensta — Clensta is a biotechnology start-up to improve the National Hygiene condition whilst addressing the aspect of water conservation. Clensta is an Indian startup and in association with IIT Delhi, works to create innovative healthcare solutions to make hygiene accessible for anyone, anytime, and anywhere. Driven by their aim to create products thatpromote complete cleaning solutions without water.
  • EarthGrid PBC — EarthGrid seeks to revolutionize US outdated infrastructure with innovative tunneling and trenching solutions, through the power of plasma.
  • Another Tomorrow — Conscious Clothing. Education. Action. Another Tomorrow pushes the boundaries of what responsibly grown, and ethically manufactured materials can achieve. Sensual and strong, our collection is designed for living.
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Akis Gayrimenkul Yatirim Ortakligi
VC Fund · Üsküdar, Istanbul, Turkey · 1 investments in Turkey Hardware startups

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

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Investment focus

  • Industry: Retail, Shopping, Software
  • Stage:Seed, Corporate Round
  • Geography: Turkey

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Nivogo — Nivogo renews goods that couldn't pass to the consumption stage by putting them through a 6-step process and bring them to consumers.
  • VenueX — VenueX enables retailers to showcase their products, POI and indoor maps to shoppers searching online!
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CVentures
VC Fund · Nilüfer, Bursa, Turkey · 1 investments in Turkey Hardware startups

CVentures is a corporate venture capital firm of Coşkunöz Holding.

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Investment focus

  • Industry: Delivery, Robotics, Autonomous Vehicles
  • Stage:Seed
  • Geography: Turkey

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Saha Robotics — Saha Robotics primarily engages in delivering groceries, cargo and custom items with autonomous cloud connected robots.
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DES Elektronik
VC Fund · 1 investments in Turkey Hardware startups

Company provides maintenance services for Automated Teller Machines.

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Investment focus

  • Industry: Finance, Hardware, Service Industry
  • Stage:Series A
  • Geography: Turkey

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • DGI Works — DGI Works they provide banking products, produces security and performance banking products
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Nupa
VC Fund · Istambul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

Nupa is an advanced technology company owned by Nurus.

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Investment focus

  • Industry: Delivery, Robotics, Autonomous Vehicles
  • Stage:Seed
  • Geography: Turkey

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Saha Robotics — Saha Robotics primarily engages in delivering groceries, cargo and custom items with autonomous cloud connected robots.
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StartersHub XO
VC Fund · 1 investments in Turkey Hardware startups

XO is a 6 month long global program with KPI based objectives that guarantees investment upon program completion.

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Investment focus

  • Industry: Information Technology, FinTech, Finance
  • Stage:Seed
  • Geography: Turkey

Investor stats

  • Total investments: 3
  • Round size: Seed $20k–$150k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Paym.es — Paymes is a fintech startup providing payment solutions for social commerce with a mission to help sellers to enter e-commerce faster, easier, and safer. We are one of the fastest-growing startups in the region with operations in Turkey, Azerbaijan, and now spreading in the GCC market. We are providing easy payment solutions and features under the3 categories.Pay with Messenger Apps. Facebook Messenger Payment Bot: Providing the ability for the merchants to accept payments in the Facebook Messenger app without downloading any extra application. WhatsApp Payment Bot: Providing the ability for the merchants to accept payments in WhatsApp without downloading any extra application. Web.Paym.es Payment Bot: Providing the ability for the merchants to accept payments on the browser without downloading any extra application.Payment Collection Solutions Corporate Collection Panel: Platform creates a fast and easy solution for the collection of payments. You can create a payment profile and share it with your customer via SMS, eMail, or get a payment link and share it via different communication channels. QR Code Payment: Allows merchants to accept payments via QR code with dynamic and static pricing. Face to Face Payments: Turns your mobile phone into the POS machine in seconds.ECommerce Solutions Open API: For the eCommerce solutions and Startups. Ready Plugins: Ready to use plugins for opensource eCommerce solutions like Opencart, woo-commerce, and more. Paymes Online Store: Allows users to list their products and sell them smoothly with payment ready integration.Shortly Paymes is a frontier payment solution of social commerce. It's smart (Using AI to assist), channel-independent, accepts global payments, as simple as chatting with a friend, and while doing all of these you don’t need to download an extra app, it's already on your phone.
  • Eyedius Technology — Eyedius Technology is a high-tech company that develops image-processing technologies to ensure security in all areas of life. The high-level security technologies we have developed are used in all business areas such as offices, hotels, business centers as well as sites and residential areas and they provide 360 degrees of security for everyaspect of your life.
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Techmine Gsyo
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

Techmine Gsyo is a venture capital firm that invests in technology startups across a wide range of industries.

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Investment focus

  • Industry: Retail, Software, E-Commerce
  • Stage:Seed
  • Geography: Turkey

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • artlabs — ART Labs introduces tailor-made AR-commerce. A specially designed, effortless, 3D-powered boost for eCommerce
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Farplas
VC Fund · Kocaeli, Kocaeli, Turkey · 1 investments in Turkey Hardware startups

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

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Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Büyütech — Democratizing the autonomy by changing the way of perception. We work for a world where your loved ones are safe on the roads we offer affordable and scalable products that will become the eyes of the millions.
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twozero Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

twozero Ventures provides venture investing to technology-driven and disruptive startups in sports, media, and entertainment.

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Investment focus

  • Industry: Internet, Media and Entertainment, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Turkey, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $112k–$1M; Series A $133k–$2M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Ollang — Ollang provides cutting-edge AI dubbing, accurate subtitle translations, and closed captions services to enhance your multimedia content. Experience superior quality dubbing that brings your videos to life. Explore our services today!
  • Cineshort — #1 Short Movie App. Cineshort is created to bring award-winning unique films to you for your short moments.
  • Avane Cloud Kitchens — Avane Cloud Kitchens operates restaurants that are only available online. A Turkish FoodTech scale-up developing a unique portfolio of F&B brands delivered through multi-brand cloud kitchens. Avane Cloud Kitchens is based in Istanbul, Turkey.
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Sente Ventures
VC Fund · Chicago, Illinois, United States · 1 investments in Turkey Hardware startups

Sente is a Chicago-based startup investment and innovation platform. Sente searches the world for the most high-potential startups and helps them scale through unprecedented guidance, support, and connections.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Information Technology
  • Stage:Pre-Seed, Series B
  • Geography: United States, Israel, Turkey

Investor stats

  • Total investments: 33
  • Round size: Pre-Seed $50k–$1.5M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • KFOBIX — KFOBIX offers nano-composite materials to prevent freezing and contamination of solar panels, wind turbines, and automobile glass.
  • DRONEQUBE — DRONEQUBE provides an innovative SaaS solution that empowers drones to monitor and defend vineyard health autonomously, addressing pressing concerns brought about by the climate crisis and increasing labor challenges.
  • Our Next Energy — ONE is a Michigan-born energy storage company focused on battery technologies that will accelerate the adoption of EVs and expand energy storage solutions.
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EGIAD Angels
VC Fund · Konak, Izmir, Turkey · 1 investments in Turkey Hardware startups

EGIAD Angels Investment Network is an entrepreneur support system established by Aegean Young Business People Association. Business and venture ideas that meet the specified criteria are presented to potential investors in the system, provided that they are transformed into business plans.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Angel
  • Geography: Turkey, Estonia

Investor stats

  • Total investments: 17
  • Round size: Seed $8k–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • DogGO — DogGO is a pet service app that uses a mobile application to offer safe and professional dog walking and grooming services to dog owners. It also offers its users a detailed profile of their pets, as well as an easy service request and tracking feature, smart and suitable matching, and 24/7 customer service to support all of their pet'sneeds. Their application has over 150,000 users and tens of thousands of pet profiles. Furthermore, by entering into agreements with corporate companies for their employees or users, they ensure that all pet families have access to DogGO when they need it.
  • Albert Health — 50% of people with chronic diseases do not take medications as prescribed. Improper medication use, especially for elderly patients, leads to hospitalizations and costs insurers billions of dollars. Current apps in the market are too complicated and difficult to use for the elderly who suffer the most from chronic diseases. Albert is a voice-basedhealth assistant which is accessible through mobile app, Amazon Alexa and Google assistant. Our machine learning algorithms create a unique conversational medication management experience. Elderly patients don’t have to text anymore. They will talk with Albert to manage their medications in an easy and effortless way. Patients can easily track health measurements, keep medical diary and set pill reminder by voice command. Furthermore, “Caregiver Mode” allows family members to manage and monitor their relatives’ treatment remotely. Albert helps elderly patients to take the right dose at the right time and help insurers to have less medical expenses, more satisfied customers.
  • artlabs — ART Labs introduces tailor-made AR-commerce. A specially designed, effortless, 3D-powered boost for eCommerce
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Gate Inside Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Turkey Hardware startups

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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Investment focus

  • Industry: Gaming, Sports, Charity
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey

Investor stats

  • Total investments: 5
  • Round size: Seed $50k–$250k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Fitmap — A unique marketplace where people meet trainers and coaches from various branches of sport and health all around the world.
  • Jib Games — We are a venture-backed game studio based in Istanbul, developing & publishing MMORPGs since 2009. Our games have been played by 25 million players in 8 countries.We believe that a good education brings self-awareness which drives happiness. Our mission is to dream, design, create and develop better and happy ways to get educated.Currentlyworking on Polity, a gaming platform where players can choose to excel in various professions as a citizen in an open virtual world. These professions derive from popular casual games. We target worldwide (esp. Tier 1) 16+ years old lifelong gamers.
  • Zonetix Market Research — Zonetix is a zero-party data market research company operating in emerging markets.
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Hardware VC funding in Turkey at a glance

Stats across 16 deals from 18 investors.

18
investors
in Turkey Hardware startups
16
deals
in Turkey Hardware startups
$150k
median round
in Turkey Hardware startups
44%
lead investors
lead at least one round
56%
Seed
most common funding stage

Access all 18 VC funds in Turkey Hardware startups.

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