Revo Capital

Revo Capital is a prominent venture capital firm based in Istanbul, with additional offices in Tallinn and Amsterdam. Founded in 2013, the firm manages a $66 million fund that primarily focuses on seed to early and growth-stage startups in Turkey, Eastern Europe, and the Baltics. Revo Capital has made 19 investments in various sectors, including B2B cloud, fintech, health tech, marketing technologies, and artificial intelligence. Notable portfolio companies include Parasut, a leading financial management solution for small and medium-sized businesses; Paycore, a major end-to-end payment solutions provider; Capturefast, a cloud-based document and data capture application; and V-Count, which offers visitor analytics for physical spaces. The firm is backed by significant institutional investors, including the International Finance Corporation and the European Bank for Reconstruction and Development, and is in the process of raising its next fund, targeting €60 million with a similar investment strategy.

Cenk Bayrakdar

Co-Founder, Partner and Managing Director

Alpaslan Canlı

Associate

Melis Gencturk

Associate

Gizem Moral Kunter

Partner

Roy Kömürcü

Investment Professionals.

Ozcan Tahincioglu

General Partner

Berkin Toktas

Co-Founder, Partner & Managing Director

Past deals in Turkey

Param

Venture Round in 2022
Param is a financial technology company that provides products that allow businesses of every size and individuals to send and receive payments online cost-effectively and securely. We deliver products of prepaid cards, virtual POS, payment processing software, application programming interfaces ideally suited for online merchants, individuals and others currently underserved by traditional payment mechanisms. Today, our customers around the world use dozens of Param’s innovative products to make 5.6B TRY transaction in volumes and have 3.75 million cards in total. Param's services, which lets users send payments 24/7 online, can be used from computers or web-enabled mobile phones. Param has more than 200 employees and continues to add new members to its family. It aims to be a leader in the scope of financial technology in Turkey, Europe, and the Middle East.

ikas

Seed Round in 2022
ikas is a cloud based POS software for retailers

Getir

Series E in 2022
Getir is a mobile retailer based in Besiktas, Turkey, that specializes in the rapid delivery of fast-moving consumer products. Founded in 2015, the company offers a wide range of items, including groceries like milk, diapers, ice cream, and detergent. Getir utilizes a mobile application that allows users to order products and pay with credit cards, ensuring a convenient shopping experience. The app includes features such as live tracking, which enables customers to monitor their orders in real time. Getir serves urban areas in Turkey, including major cities like Istanbul, Izmir, Ankara, Bursa, and Kocaeli, effectively combining urban logistics with mobile technology to meet the demands of modern consumers.

Akinon

Venture Round in 2021
Akinon develops cloud-based Omnichannel applications for the retail industry. Its portfolio includes Akinon OMS, an order management system that functions as the control unit for various eCommerce operations; Akinon Instore App that allows to combine and access inventories from physical stores and warehouses; Omnitron, a solution that allows to access advanced catalogue and product management systems; Akinon Commerce, an eCommerce platform that offers conversion rates with a tailor-made storefront; and Akinon Native AppBuilder, a tool that allows to customize and sync new sales channel with the user’s devices. The company was founded in 2016 and is based in Istanbul, Turkey with additional offices in London, United Kingdom; Dubai, United Arab Emirates; and Athens, Greece.

Getir

Series B in 2021
Getir is a mobile retailer based in Besiktas, Turkey, that specializes in the rapid delivery of fast-moving consumer products. Founded in 2015, the company offers a wide range of items, including groceries like milk, diapers, ice cream, and detergent. Getir utilizes a mobile application that allows users to order products and pay with credit cards, ensuring a convenient shopping experience. The app includes features such as live tracking, which enables customers to monitor their orders in real time. Getir serves urban areas in Turkey, including major cities like Istanbul, Izmir, Ankara, Bursa, and Kocaeli, effectively combining urban logistics with mobile technology to meet the demands of modern consumers.

Figopara

Seed Round in 2020
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 develop financial technology applications and is headquartered in Istanbul, Turkey.

Getir

Series A in 2020
Getir is a mobile retailer based in Besiktas, Turkey, that specializes in the rapid delivery of fast-moving consumer products. Founded in 2015, the company offers a wide range of items, including groceries like milk, diapers, ice cream, and detergent. Getir utilizes a mobile application that allows users to order products and pay with credit cards, ensuring a convenient shopping experience. The app includes features such as live tracking, which enables customers to monitor their orders in real time. Getir serves urban areas in Turkey, including major cities like Istanbul, Izmir, Ankara, Bursa, and Kocaeli, effectively combining urban logistics with mobile technology to meet the demands of modern consumers.

Cosa

Seed Round in 2019
Cosa is a smart home assistant that allows users to control the temperature of their home using mobile phones. It was developed by Nuvia, one of the pioneers of intelligent home appliances in Turkey, aiming to help users to save up to 30% of their energy bills. Founded in 2013, Cosa is based in Istanbul.

Figopara

Seed Round in 2019
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 develop financial technology applications and is headquartered in Istanbul, Turkey.

Endeksa.com

Seed Round in 2019
Endeksa is Turkey's predictive real estate data analytics and insights platform. In addition to price indices, Endeksa provides all the required information users would like to get about the location of their houses. Users can also request an appraiser to visit their house to get the exact value. Endeksa real estate appraisers are located all over Turkey.

Degerleme Takip

Seed Round in 2019
Degerleme Takip (DTS), a subsidiary of Neozeka, provides data and analytical tools to the real estate valuation and appraisal industry. The platform facilitates the entire process, from the development of assessment work to its assignment to appropriate resources, job execution on-site, value estimation, report planning, and transmission to the employer's system.

Foriba

Series B in 2018
Foriba is a provider of accounting solutions for enterprises. The Company offers document processing services such as e-invoice, e-ledger, e-reconciliation, e-audit e-signature, and e-self employed invoices. It also offers digital backup of documents, Vat returns, and e-receipt solutions. Ahmet Bilgen headquartered the company in Maltepe, Istanbul in 1999.

Getir

Convertible Note in 2017
Getir is a mobile retailer based in Besiktas, Turkey, that specializes in the rapid delivery of fast-moving consumer products. Founded in 2015, the company offers a wide range of items, including groceries like milk, diapers, ice cream, and detergent. Getir utilizes a mobile application that allows users to order products and pay with credit cards, ensuring a convenient shopping experience. The app includes features such as live tracking, which enables customers to monitor their orders in real time. Getir serves urban areas in Turkey, including major cities like Istanbul, Izmir, Ankara, Bursa, and Kocaeli, effectively combining urban logistics with mobile technology to meet the demands of modern consumers.

Parasut

Series B in 2016
Financial management software for SMEs in Turkey

Paycore

Series A in 2016
Paycore, formerly known as Cardtek, is a technology company founded in 2001 and based in Istanbul, Turkey. It specializes in providing innovative, end-to-end payment technology solutions for financial institutions, payment service providers, and the retail sector. Serving over 150 clients across 38 countries, Paycore streamlines the payment process by offering secure payment services that minimize the need for multiple vendors. The company caters to a diverse range of industries, including banking, telecommunications, and public transportation, and is recognized for its ability to integrate efficiently with various technologies and platforms.

Neozeka

Seed Round in 2015
Neozeka Yazilim A.S. is a technology company based in Ankara, Turkey, specializing in application software for the real estate industry. Founded in 2014, Neozeka focuses on developing solutions that enhance automated property valuation, asset management, and valuation process management. The company's innovative approach aims to streamline real estate operations and improve decision-making for its clients in the sector.

Parasut

Series A in 2015
Financial management software for SMEs in Turkey

Onedio

Series A in 2015
Onedio is a new media platform which provides everything from video, short & funny lists, tests & breaking news for its visitors to share. According to Alexa, it is the most visited Turkish website in Turkey( June 2016). Onedio has 90M+ monthly visits, 25M+ unique visitors, that most of this came from mobile within 18-30 yo audience. Onedio is also publishing in Russian & English. Its strong technical foundation is providing easy to scale platform for native ad networks & international expansions

Nuvia

Seed Round in 2015
Nuvia combines business know how with technical expertise via it’s elite workforce to create innovative IoT solutions focusing on heating, cooling and lighting to improve the wellbeing & comfort of consumers. Cosa Smart Thermostat is Nuvia’s first and cornerstone IoT product for the Smart Home offering. Cosa provides 30% savings in household's energy bill

Skyatlas

Seed Round in 2014
High performance, secure and Openstack powered cloud platform is now available in Turkey! Skyatlas is the first and only Openstack cloud service provider in the MENA region. Skyatlas offers not only virtual servers, but also real cloud infrastructure. Real cloud means enterprise-class cloud server, cloud storage, high security network infrastructure, and many more. Skyatlas' patented technology, Dynamic Scaling, is the foremost feature that highlights Skyatlas beyond Turkey in the global arena. Without any manual intervention, Skyatlas cloud servers are capable of increasing or decreasing processor and memory activity of the cloud server real-time by tracking the processor and memory needs of your applications. So, customer really pay for how much they use and can let Skyatlas handle things during their busy periods without any planning. Skyatlas cloud infrastructure offers high security and accessibility together. Thanks to Skyatlas' live migration and high available (HA) cloud infrastructure, customers' web sites, applications, or corporate IT infrastructure operates smoothly, unaffected by any problems. Customers' entire IT infrastructure is ready with just a few clicks thanks to Skyatlas capsules! Cloud infrastructure is not only made up of hardware. Software such as operating systems that will work on servers, databases, or application servers must be set up and configured. Skyatlas is the only cloud service provider working with multiple data centers in Turkey. Customers can back up its corporate IT infrastructure among Skyatlas' data centers in Istanbul and Ankara and have High Availability that customer applications need. Customers can set up a smooth and enterprise level IT infrastructure in the cloud environment by using the disaster recovery and business continuity services offered by Skyatlas.

Parasut

Angel Round in 2014
Financial management software for SMEs in Turkey

Foriba

Series A in 2014
Foriba is a provider of accounting solutions for enterprises. The Company offers document processing services such as e-invoice, e-ledger, e-reconciliation, e-audit e-signature, and e-self employed invoices. It also offers digital backup of documents, Vat returns, and e-receipt solutions. Ahmet Bilgen headquartered the company in Maltepe, Istanbul in 1999.

smpl.

Series A in 2013
smpl. is an analytics-driven marketing automation platform that specializes in real-time web monitoring and visitor behavior detection. The platform enables users to segment visitors and calculate engagement scores instantaneously. It is designed to track websites, mobile sites, native mobile applications, and video players, making it platform agnostic with SDKs available for various major mobile platforms. With a quick integration process, users can access features such as product recommendations, on-site personalization, and notifications. Additionally, smpl. facilitates the creation of omni-channel marketing scenarios that can be tailored to meet the needs of customers' end-users, ensuring seamless communication across both online and offline channels. The company is headquartered in Istanbul, Turkey.

Parasut

Seed Round in 2013
Financial management software for SMEs in Turkey

Onedio

Seed Round in 2013
Onedio is a new media platform which provides everything from video, short & funny lists, tests & breaking news for its visitors to share. According to Alexa, it is the most visited Turkish website in Turkey( June 2016). Onedio has 90M+ monthly visits, 25M+ unique visitors, that most of this came from mobile within 18-30 yo audience. Onedio is also publishing in Russian & English. Its strong technical foundation is providing easy to scale platform for native ad networks & international expansions