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Top 20 Medical Device VC (Venture Capital) Funds in Turkey in October 2023

A list of 20 VC (Venture Capital) funds that invest in Medical device startups based in Turkey. We rank investors based on the number of investments they made in Medical device companies from Turkey. We update this investor list every month.

Top 20 Medical Device VC (Venture Capital) Funds in Turkey in October 2023

Investor Medical Device Turkey investments
Diffusion Capital Partners 6
Tarvenn Ventures 2
Eczacıbasi Momentum 2
Nexus Ventures 1
TÜBİTAK 1
twozero Ventures 1
Turkey Development Fund 1
TT Ventures 1
Technology & Innovation Fund 1
GirişimTürk 1
Ak Portfoy 1
TechOne VC 1
Teknoloji Yatirim 1
TRANGELS 1
Techmine 1
ACT Venture Partners 1
İTÜNOVA 1
Nexus Venture Partners 1
Istanbul Startup Angels 1
StartupFon 1

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Investor list
Diffusion Capital Partners
VC Fund · Istanbul, Istanbul, Turkey · 1 investment in the past 12 months

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

  • Software, Information Technology, Biotechnology
  • Seed, Series A, Funding Round
  • Turkey, United States, United Kingdom

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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Tarvenn Ventures
VC Fund · Istanbul, Istanbul, Turkey

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

  • E-Commerce, Software, SaaS
  • Seed, Pre-Seed, Series A
  • Turkey, United States

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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Eczacıbasi Momentum
VC Fund

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

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Investment focus

  • Information Technology, Biotechnology, Financial Services
  • Series A, Seed, Funding Round
  • Turkey, United States

Portfolio highlights

  • Newlab — Newlab is a singular community of experts and innovators applying transformative technology to solve the world's biggest challenges. Newlab membership and studios bring together entrepreneurs, engineers, inventors, and industry leaders to create sustainable solutions and enterprises. Newlab employs technologies including robotics, AI, andmaterial science to transform what matters most—health, environment, media, cities, and infrastructure.
  • Ecomercek — Ecomercek offers a wide range of skin, body, and hair care products.
  • RS Research — RS Research is a next generation therapeutics company developing novel nanomedicines. We have developed a pioneering class of nanocarriers with which we currently have proprietary programs in various stages of preclinical development for treatment of cancer.Our nanocarrier platform is highly tunable with a plug & play approach, allowingspeedy development of targeted nanomedicines with superior performance.Along with moving our very own candidates toward clinic, we provide preclinical services to industrial and academic partners. We have specific expertise in biosimilar characterization as well as in vivo experiment design.
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Nexus Ventures
VC Fund · Ankara, Ankara, Turkey · 1 investment in the past 12 months

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

  • Software, Internet, SaaS
  • Seed, Angel, Series A
  • Turkey, United States, India

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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TÜBİTAK
VC Fund · Ankara, Ankara, Turkey · 1 investment in the past 12 months

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

  • Software, Artificial Intelligence, Health Care
  • Grant, Pre-Seed, Seed
  • Turkey, United States

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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twozero Ventures
VC Fund · Istanbul, Istanbul, Turkey · 3 investments in the past 12 months

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

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Investment focus

  • Internet, Media and Entertainment, Software
  • Seed, Series A, Pre-Seed
  • Turkey, United States

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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Turkey Development Fund
VC Fund · Umraniye, Istanbul, Turkey · 4 investments in the past 12 months

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

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Investment focus

  • Software, SaaS, Google
  • Series A, Seed, Funding Round
  • Turkey

Portfolio highlights

  • WASK INC — Digital marketing ads software: create new smart ads and management digital marketing fast, advertising easily with digital marketing software tool
  • Fazla Gıda — Fazla Gıda is a technology solutions company that prevents food waste.
  • BEAM Teknoloji A.S. — BEAM Teknoloji A.S. is an IT company specialized in outsourced software testing.
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TT Ventures
VC Fund · 3 investments in the past 12 months

Corporate venture capital arm of Turk Telekom

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Investment focus

  • Software, Information Technology, EdTech
  • Seed, Pre-Seed, Series A
  • Turkey, United Kingdom

Portfolio highlights

  • DTCP — DTCP is an investment management firm focused on growth equity and digital infrastructure. Founded in 2015, the firm has raised more than $1 billion in funds from corporate and institutional investors and invested in over 60 companies. DTCP Growth invests in enterprise application and infrastructure software companies. DTCP Infra invests in mobileaccess, fiber, and data center infrastructure. DTCP is headquartered in Hamburg with offices in Menlo Park, Tel Aviv, and Seoul.
  • Kidolog — Kidolog provides support to parents with video or messaging on issues they may need about pre-pregnancy and post-pregnancy.
  • 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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Technology & Innovation Fund
VC Fund · Jersey, Arkansas, United States · 1 investment in the past 12 months

Technology & Innovation Fund was added in 2013.

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Investment focus

  • Baby, SaaS, Mobile
  • Seed, Funding Round
  • Turkey

Portfolio highlights

  • KuartisMED — KuartisMED is a biomedical company developing innovative products for healthcare and the well-being of newborns and preterms.
  • Webee — Discover WeBee's high-tech hospitality solutions, ensure a contactless guest experience, improve TripAdvisor scores and maximize revenue.
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GirişimTürk
VC Fund

Investment Company

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Investment focus

  • E-Commerce, Wedding, Transportation
  • Seed, Series A, Funding Round
  • Turkey, United States

Portfolio highlights

  • Reneva — Reneva is a beverage company providing healthy and delicious drinks.
  • PackUpp Fast Delivery — PackUpp is a new generation on-demand “Fast Delivery” technology company and we provide E-Commerce delivery solutions. We serve “Next-Day”, "Same-Day" and "3 Hours Express" deliveries to e-commerce companies. In addition to it, we form “Private Dedicated Field Delivery Teams” to companies as a special delivery team of brand. Wedigitalize all the delivery process by our unique software and technology.Focus on the job which you are best at! Rest, all your packages will be delivered by PackUpp, Fast Delivery Expert.
  • KABİ Partners — KABİ Partners develops data-driven products for the solution of all needs before, during and after the wedding.
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Ak Portfoy
VC Fund · Besiktas, Istanbul, Turkey

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

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Investment focus

  • Information Technology, Software, Medical Device
  • Seed, Series A, Series B
  • Turkey, United States

Portfolio highlights

  • ViraSoft — ViraSoft’s ambition is to be the first choice in the field of digital pathology in Turkey and in mid-term enabling to give service to the neighboring countries. Together with the R&D activities, we aim to improve the efficiency and effectivity in the pathology process and reach significant diagnosis results.
  • 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.
  • 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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TechOne VC
VC Fund · Istanbul, Istanbul, Turkey · 9 investments 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

  • Software, SaaS, Information Technology
  • Seed, Funding Round, Pre-Seed
  • Turkey, United States, Estonia

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
  • 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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Teknoloji Yatirim
VC Fund · Ankara, Ankara, Turkey · 2 investments in the past 12 months

Teknoloji Yatirim is a early-stage technology venture capital & private equity firm.

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Investment focus

  • Health Care, Baby, Fitness
  • Seed, Series A
  • Turkey

Portfolio highlights

  • KuartisMED — KuartisMED is a biomedical company developing innovative products for healthcare and the well-being of newborns and preterms.
  • 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.
  • 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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TRANGELS
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in the past 12 months

Early Stage Investment Fund and Network

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Investment focus

  • Biotechnology, Energy, Manufacturing
  • Seed, Pre-Seed, Angel
  • Turkey, United States, Estonia

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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Techmine
VC Fund · 1 investment in the past 12 months

Techmine is an Investment firm.

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Investment focus

  • Baby, Medical, Biotechnology
  • Seed
  • Turkey

Portfolio highlights

  • KuartisMED — KuartisMED is a biomedical company developing innovative products for healthcare and the well-being of newborns and preterms.
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ACT Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in the past 12 months

Early stage deep tech investor

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Investment focus

  • Artificial Intelligence, Software, Manufacturing
  • Seed, Convertible Note, Series A
  • Turkey, United States, United Kingdom

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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İTÜNOVA
VC Fund · Istanbul, Istanbul, Turkey

İTÜNOVA Technology Transfer Office (TTO) offers academic studies and new technologies developed in Istanbul Technical University (ITU) to the benefit of the industry to meet their and help with the development of Turkey by adding value.

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Investment focus

  • Biotechnology, Medical Device
  • Seed
  • Turkey

Portfolio highlights

  • MD Research & Development — MD Research & Development are into research and development of innovative products and methods needed in the field of radiation oncology.
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Nexus Venture Partners
VC Fund · Menlo Park, California, United States · 20 investments in the past 12 months

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

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Investment focus

  • Software, Information Technology, SaaS
  • Series A, Seed, Series B
  • India, United States, Kenya

Portfolio highlights

  • Nx — Nx is a smart, fast and extensible build system which comes with first class monorepo support and powerful integrations.
  • Apollo.io — Search, engage, and convert over 265 million contacts at over 70 million companies with Apollo's sales intelligence and engagement platform.
  • Narwhal Technologies — We create build tools to solve problems for developers, startups and large enterprises.
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Istanbul Startup Angels
VC Fund · Istanbul, Istanbul, Turkey

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

  • SaaS, Mobile Apps, Digital Entertainment
  • Angel, Seed
  • Turkey, United States

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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StartupFon
VC Fund · Istanbul, Istanbul, Turkey

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

  • Artificial Intelligence, E-Commerce, SaaS
  • Seed, Angel, Pre-Seed
  • Turkey, United States, Switzerland

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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