Diffusion Capital Partners

Diffusion Capital Partners is a venture capital firm founded in 2015 and based in Istanbul, Turkey. It specializes in early-stage investments, focusing on Seed Stage and growth capital opportunities in technology-intensive sectors. The firm targets projects in areas such as biotechnology, green technology, agri-tech, life sciences, materials and nanotechnology, information technology, robotics, and mechatronics, while explicitly avoiding e-commerce business models. Diffusion Capital Partners aims to invest primarily in the emerging regions of Turkey, making equity investments ranging from 0.25 million to 4.5 million euros. The firm prefers to lead investment rounds but collaborates with other funds and angel investors when necessary. By concentrating on deep-tech startups and interdisciplinary projects, Diffusion Capital Partners seeks to support entrepreneurial teams that are driving innovation through advanced science and technology.

Merve Akgün

Vice President

Alper Karagöz

Partner

Kucukcinar, Altan

Partner

Zontul , Haluk

Managing Partner

Firat Ozpinar

Partner

Past deals in Turkey

Enhencer

Seed Round in 2022
Enhencer is a company that specializes in using artificial intelligence to optimize e-commerce advertising by identifying the most suitable target audiences for platforms like Facebook, Google, and TikTok. Its automated machine learning platform analyzes visitor data from websites and mobile apps, segmenting users in real time based on their behaviors and likelihood to make purchases. This approach allows Enhencer to provide businesses with highly relevant and optimized target audiences, which can significantly enhance advertising effectiveness. By leveraging these AI-driven insights, e-commerce companies can achieve higher returns on ad spend, increase sales, and optimize their marketing efforts while saving time and resources.

Mixer

Pre Seed Round in 2022
Mixer is a technology-driven mobile game developer and publisher that emphasizes social interaction in its diverse gaming offerings. The company operates Fundle, a mobile gaming platform that allows players worldwide to engage in both single-player and multiplayer games. By focusing on incorporating blockchain technology, Mixer aims to enhance the gaming experience while promoting Web values within the gaming ecosystem. The team comprises experienced game enthusiasts who leverage their expertise to create a player-oriented environment, blending conventional gaming experiences with innovative play-to-earn mechanics. Through its efforts, Mixer is reshaping the entertainment landscape, maximizing the mobile gaming experience for users.

TEA networks

Seed Round in 2021
TEA networks is an innovative company specializing on wireless networks. TEA strives to bring machine learning tools and artificial intelligence to Wi-Fi networks. TEA does research and development on new technologies for understanding and enhancing the user experience.

Virasoft

Series A in 2021
Virasoft is a technology platform focused on enhancing the diagnostic process for pathologists through innovative digital pathology solutions. The company serves a wide array of institutions, impacting hundreds of thousands of patients each year in both the US and global markets. Virasoft's offerings include tools for managing complex workflows, AI-powered decision support, telepathology services, and educational resources for training future pathologists. Their commitment to advancing the field is reflected in their use of extensive datasets, comprising millions of glass slides annually, to develop and refine their AI models, thereby facilitating more efficient decision-making and collaboration among medical professionals.

Webee

Venture Round in 2021
Webee is a travel technology company based in Istanbul, established initially as a mobile software firm before its transformation in 2017. The company specializes in developing a guest experience platform that serves as a digital bridge between hoteliers and their guests. Its software facilitates modern, fast, and contact-free engagement, offering features such as mobile check-in and check-out, in-room food and beverage orders, digital room keys, mobile service requests, online messaging, and payment options. These services are designed to enhance hotel operations, improve performance, and increase profitability while elevating the overall guest experience. Webee has received numerous global awards and recognitions, including accolades from the United Nations World Tourism Organization and other prestigious organizations, reflecting its growth and impact in the travel industry.

Khenda

Seed Round in 2021
Khenda is a SaaS platform that helps manufacturing plants increase their efficiency at production lines by automizing time study with AI-powered video analytics. AI technology automatically analyzes the process through video and highlights the parts that engineers should focus on to improve their efficiency. The patent-pending technology enables AI training with very little data. Therefore, there is no need for hardware installation or extensive data gathering, which can take months to complete. This means that engineers can quickly and easily begin utilizing the platform to identify problems, reduce waste, and improve the efficiency of processes.

SmartAlpha

Seed Round in 2021
SmartAlpha specializes in developing artificial intelligence-based tools that enhance ultrasound scanning for various medical examinations, including musculoskeletal, abdominal, regional anesthesia, and urology. The company focuses on creating innovative, user-friendly AI technologies that make ultrasound exams more informative and accessible for healthcare professionals, regardless of their location or expertise level. SmartAlpha's vision includes enabling healthcare providers to use its platform as a training tool, thereby improving their ultrasound interpretation skills and promoting broader utilization of ultrasound technology in medical practice.

Virasoft

Venture Round in 2020
Virasoft is a technology platform focused on enhancing the diagnostic process for pathologists through innovative digital pathology solutions. The company serves a wide array of institutions, impacting hundreds of thousands of patients each year in both the US and global markets. Virasoft's offerings include tools for managing complex workflows, AI-powered decision support, telepathology services, and educational resources for training future pathologists. Their commitment to advancing the field is reflected in their use of extensive datasets, comprising millions of glass slides annually, to develop and refine their AI models, thereby facilitating more efficient decision-making and collaboration among medical professionals.

Appsilon Enterprise

Series A in 2019
Appsilon Enterprise operates a deep tech laboratory focused on the sustainable production of diamonds. Utilizing advanced technologies, the company mimics the natural processes that occur within the Earth to create diamonds atom by atom. This innovative approach takes place in high-tech facilities, resulting in diamonds that are chemically and physically identical to their natural counterparts. By replicating the conditions under which diamonds form in nature, Appsilon Enterprise provides clients with authentic substitutes for traditional diamonds, catering to the growing demand for sustainable and ethically sourced gemstones.

Appsilon Enterprise

Venture Round in 2019
Appsilon Enterprise operates a deep tech laboratory focused on the sustainable production of diamonds. Utilizing advanced technologies, the company mimics the natural processes that occur within the Earth to create diamonds atom by atom. This innovative approach takes place in high-tech facilities, resulting in diamonds that are chemically and physically identical to their natural counterparts. By replicating the conditions under which diamonds form in nature, Appsilon Enterprise provides clients with authentic substitutes for traditional diamonds, catering to the growing demand for sustainable and ethically sourced gemstones.

Tekkredi

Series A in 2017
Tekkredi is a platform that specializes in credit consolidation and restructuring, aimed at helping individuals manage their existing loans across various banks. The service allows users to close their current debts and consolidate them into a single loan with a bank of their choice. By doing so, Tekkredi offers customers the opportunity to restructure their debts into more manageable payment plans, ultimately easing their monthly financial burdens.

FU

Venture Round in 2017
The FU carries out mortgage business, which guarantees the loans of banks and financial institutions, loans of non-financial institutions.

Magspin

Seed Round in 2017
Magspin is a company focused on the development of transparent ceramics that are both durable and optically comparable to glass. It specializes in powder synthesis and processing technologies that enhance the manufacturing of these ceramics. The products feature scratch-resistant properties, making them suitable for a variety of applications including smartphones, watches, and camera lenses, as well as in civil and military sectors. By providing a glass-like material that can endure high temperatures and harsh environments, Magspin offers a resilient alternative to traditional glass solutions.

Lumos Laser

Pre Seed Round in 2017
Lumos Laser specializes in the manufacturing of ultrashort pulsed fiber lasers designed to enhance the efficiency of micromachining processes in various production environments. The company focuses on applications in laser material processing, medical device manufacturing, and scientific research. By utilizing femtosecond fiber laser technology, Lumos Laser develops solutions for diverse applications, including tissue processing, ultrafast spectroscopy, and nonlinear imaging, as well as glass and sapphire processing. Their innovations enable industrial customers to optimize their designs and improve process efficiency across multiple sectors.

Appsilon Enterprise

Seed Round in 2017
Appsilon Enterprise operates a deep tech laboratory focused on the sustainable production of diamonds. Utilizing advanced technologies, the company mimics the natural processes that occur within the Earth to create diamonds atom by atom. This innovative approach takes place in high-tech facilities, resulting in diamonds that are chemically and physically identical to their natural counterparts. By replicating the conditions under which diamonds form in nature, Appsilon Enterprise provides clients with authentic substitutes for traditional diamonds, catering to the growing demand for sustainable and ethically sourced gemstones.

Entekno

Seed Round in 2017
Entekno Materials is an innovative company focused on the development and production of advanced inorganic materials utilizing nanotechnology. The company specializes in creating powder-based materials tailored for the cosmetics and electronics industries. Entekno offers novel platelet-shaped micron particles that provide the same benefits as micron zinc oxide, delivering transparent protection without skin penetration. This technology addresses common challenges faced by sunscreen manufacturers, such as toxicity, low surface coverage, and uncontrolled agglomeration. By focusing on the practical application of its advanced materials, Entekno aims to enhance product performance and safety across various industries.

Virasoft

Seed Round in 2017
Virasoft is a technology platform focused on enhancing the diagnostic process for pathologists through innovative digital pathology solutions. The company serves a wide array of institutions, impacting hundreds of thousands of patients each year in both the US and global markets. Virasoft's offerings include tools for managing complex workflows, AI-powered decision support, telepathology services, and educational resources for training future pathologists. Their commitment to advancing the field is reflected in their use of extensive datasets, comprising millions of glass slides annually, to develop and refine their AI models, thereby facilitating more efficient decision-making and collaboration among medical professionals.

Episome Biotech

Seed Round in 2017
Episome Biotech is a biotechnology company that specializes in the development of industrial enzyme technologies. Founded as a research and development laboratory, the company focuses on creating sustainable and environmentally friendly products tailored for various industries, including biogas, textile, leather, paper, starch, detergent, rubber, and biofuels. By leveraging innovative enzyme solutions, Episome aims to enhance efficiency and sustainability in industrial processes, particularly in the recycling of waste within the energy sector. The company's commitment to environmental responsibility positions it as a key player in promoting sustainable practices across multiple sectors.

Entekno

Seed Round in 2017
Entekno Materials is an innovative company focused on the development and production of advanced inorganic materials utilizing nanotechnology. The company specializes in creating powder-based materials tailored for the cosmetics and electronics industries. Entekno offers novel platelet-shaped micron particles that provide the same benefits as micron zinc oxide, delivering transparent protection without skin penetration. This technology addresses common challenges faced by sunscreen manufacturers, such as toxicity, low surface coverage, and uncontrolled agglomeration. By focusing on the practical application of its advanced materials, Entekno aims to enhance product performance and safety across various industries.

Magspin

Seed Round in 2017
Magspin is a company focused on the development of transparent ceramics that are both durable and optically comparable to glass. It specializes in powder synthesis and processing technologies that enhance the manufacturing of these ceramics. The products feature scratch-resistant properties, making them suitable for a variety of applications including smartphones, watches, and camera lenses, as well as in civil and military sectors. By providing a glass-like material that can endure high temperatures and harsh environments, Magspin offers a resilient alternative to traditional glass solutions.

Medrics

Seed Round in 2016
Medrics is a developer of a healthcare services platform that focuses on enhancing patient experiences and improving operational efficiency within healthcare organizations. The platform integrates healthcare process knowledge with mobile and location technologies, offering a comprehensive solution that includes a healthcare operation support system. This system employs both indoor and outdoor technologies, along with Internet of Things (IoT) services and cloud infrastructure. It features a mobile user interface designed for both patients and healthcare staff, enabling informed decision-making to optimize operations and elevate customer experiences. Medrics' solutions are customizable and white-labeled to align with the specific priorities of its clients.

Parasut

Series B in 2016
SaaS bookkeeping for SMEs in Turkey. Leading the SaaS revolution in Turkey. Helping small businesses digitize and grow.

BMT BAPS

Seed Round in 2016
BMT BAPS Biyomalzeme was established in 2016 as part of the BMT Calsis Group as a manufacturer of advanced technologies for human health. BMT BAPS products are designed to offer unique and viable solutions to orthopaedics via a range of Bio-Absorbable Pins and Screws and associated technologies. Created by a multi-disciplinary team of professionals and over 40 years of experience in the biotechnology sector, BMT BAPS operates on an innovative technology platform connecting experts in materials, design and manufacturing from across the globe.

Episome Biotech

Seed Round in 2016
Episome Biotech is a biotechnology company that specializes in the development of industrial enzyme technologies. Founded as a research and development laboratory, the company focuses on creating sustainable and environmentally friendly products tailored for various industries, including biogas, textile, leather, paper, starch, detergent, rubber, and biofuels. By leveraging innovative enzyme solutions, Episome aims to enhance efficiency and sustainability in industrial processes, particularly in the recycling of waste within the energy sector. The company's commitment to environmental responsibility positions it as a key player in promoting sustainable practices across multiple sectors.

Cybelle

Seed Round in 2015
Cybelle is a Turkish company that specializes in the manufacture of laser hair removal devices designed for the medical and aesthetics sectors. The company's products are distinguished by their use of advanced image processing technology, developed by Mavilab. This innovative approach enhances the effectiveness and precision of hair removal treatments, catering to both professional practitioners and their clients.

Mikro Biyosistemler Inc.

Seed Round in 2015
Mikro Biyosistemler is a biomedical microsystems company focuses on development of microfluidics and lab-on-a-chip systems for biomedical applications.
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