DenizBank Anonim Sirketi, established in 1938 and headquartered in Istanbul, Turkey, is a commercial banking institution that offers a wide range of financial products and services. The bank operates through four main segments: Wholesale Banking, SME and Agricultural Banking, Retail Banking, and Treasury and Other services. Its offerings include various loan products such as consumer, mortgage, vehicle, and agricultural loans, alongside credit cards, investment products, and deposit services. DenizBank also provides leasing, factoring, foreign exchange transactions, and corporate finance solutions. Additionally, the bank offers insurance products covering areas such as fire, agriculture, and life, as well as pension plans. Serving corporate, commercial, SME, and retail customers across diverse sectors including agriculture, energy, and healthcare, DenizBank has a significant presence with 751 branches and 3,029 ATMs. It operates as a subsidiary of Sberbank, a major global financial institution.
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.
Turk Ekonomi Bankasi, founded in 1927 and headquartered in Istanbul, Turkey, operates as a commercial bank offering a wide range of financial services for individuals and businesses. Originally established as Kocaeli Bankasi T.A.S. in Izmit, the bank was renamed in 1982 after being acquired by new owners. Its offerings include demand accounts, personal loans, mortgages, insurance products, and various payment services. Since forming a joint venture with BNP Paribas in 2005, Turk Ekonomi Bankasi has focused on expanding its retail network, boasting over 240 branches as of 2007. The bank also has two subsidiaries outside Turkey, further enhancing its regional presence. The current CEO is Varol Civil.
Polat Enerji generates approximately 1.6 billion kWh of electricity.
QNB Finansbank A.S. provides various banking products and services in Turkey. It offers deposit products, including savings, daily yield, gold, and payroll accounts; time and demand deposits; consumer, auto, and mortgage loans; payments services; safe deposit boxes; and various insurance products comprising life, workplace, unemployment, auto, home, professional liability, personal accident, and agriculture insurance. The company also provides investment products, such as treasury bills and government bonds, bank bills and bank bonds, Eurobonds, mutual funds, capital guaranteed and exchange traded funds, deposits fund, derivatives, and repo and stocks, as well as private portfolio products. In addition, it offers cash management, foreign trade, and corporate banking services; and financial leasing and factoring services, as well as private pension products. Further, the company provides portfolio management, custody, and asset and wealth management; international banking; and merchant services. Additionally, it offers wholesale and commercial banking products, including structured and project finance, transaction banking, financial institutions, treasury, investment banking, and advisory services. As of December 31, 2019, it operated through a network of 523 domestic branches, 1 offshore branch, and 1 airport branch. The company was formerly known as Finansbank A.S. and changed its name to QNB Finansbank A.S. in January 2018. The company was founded in 1987 and is headquartered in Istanbul, Turkey. QNB Finansbank A.S. operates as a subsidiary of Qatar National Bank (Q.P.S.C.).
Modanisa is an online fashion retailer specializing in women's Islamic clothing, including dresses and accessories tailored for modest dressing. The platform caters to women of all ages, offering a diverse range of products that reflect contemporary trends in hijab styles and modest fashion. Modanisa features collections from well-known designers, providing options such as abayas and jilbabs. The retailer ships its products globally, allowing conservative women to shop conveniently while staying aligned with their fashion preferences. In addition to its product offerings, the site also provides fashion tips tailored for Muslim regions, enhancing the shopping experience for its customers.
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.
Swvl, LLC is a technology-driven mobility company that offers an application for booking fixed-route bus trips, primarily operating in Egypt, Kenya, and Pakistan. Founded in 2017 and based in Cairo, Swvl provides a premium mass transit system that connects neighborhoods with accessible bus and van rides during peak commuting hours. Users can book rides at a flat fare, ensuring affordability without surge pricing. The company's core service includes a network of minibuses and other vehicles that operate along predetermined routes, allowing commuters to reserve rides through its mobile application. Swvl aims to provide a reliable, cost-effective, and environmentally responsible alternative to traditional public transportation and ridesharing options.
Enerjisa Enerji A.S. is a prominent electricity distribution and retail company in Turkey, serving 21.5 million users across 14 provinces. Founded in 2011 and headquartered in Istanbul, the company operates in the regulated electricity sector and manages distribution in the Baskent, Ayedas, and Toroslar regions. Enerjisa's operations are conducted through its subsidiaries, which include Enerjisa Musteri Cozumleri, focused on customer solutions and distributed generation. In addition to its core distribution services, Enerjisa provides marketing, energy management, and energy consultancy services, contributing to the overall efficiency and sustainability of energy use in the region.
Provider of liquid chemical storage services based in Dilovasi, Turkey. The company's deep sea port and terminal offer a storage capacity and multiple storage tanks.
Garanti BBVA Leasing offers financing models suited to the investment finance needs of its customers and provides consultancy services.
The National Bank of Kuwait (NBK), established in 1952, is recognized as the leading banking group in Kuwait and the first indigenous bank in the Gulf region. It has built a reputation for stability and trust, offering a comprehensive range of financial products and investment services to individuals, corporate clients, and institutions. NBK provides various services including working capital loans, letters of credit, project finance, and syndications, serving sectors such as petrochemicals, oil and gas, power, water, renewables, and infrastructure. With a significant market share, NBK caters to a large and expanding local and regional clientele and maintains the largest overseas branch network in key financial and business centers worldwide.
Biotrend Energy is a Turkish waste-to-energy firm.
Qatar National Bank Alahli is one of the leading financial institutions in Egypt established in April 1978 and ranked as the second-largest private bank in Egypt. Qatar National Bank Alahli provides its services for more than 1,284,417 clients served by 6,723 banking professionals with a network of 231 branches, along with 861 ATMs & 64,147 Point-of-Sale to serve clients nationwide. Further, a distinctive Call center operates round the clock 7 days a week. Qatar National Bank Alahli provides dedicated products in corporate banking, financial advisory, project financing, structured financing, trade financing, cash management, and foreign exchange with its competitive offerings, it has managed to establish a strong bond with its various corporate clientele whether large domestic corporations, subsidiaries of multinational companies, medium caps, as well as SMEs.
Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles. Ford Otosan was founded on 1959 and is headquartered in Istanbul, Turkey.
Obilet Bilisim Sistemleri A.S. is an online bus ticket booking platform based in Istanbul, Turkey, and is recognized as the leading service in its market. It simplifies the process of purchasing domestic bus tickets by aggregating offerings from over 150 bus companies across more than 40,000 routes, allowing users to easily compare prices and select the best options. While the platform also facilitates flight bookings, its primary focus remains on intercity bus travel. Founded in April 2012 by Yigit Gurocak and Ali Yilmaz, Obilet started with a small team and a modest ticket sales volume, but has since grown significantly, employing over 160 people. In 2019, the company sold approximately 10 million tickets and recorded over 160 million website visits, with its mobile app recognized as Europe's best travel application by MasterCard. With strong backing from venture capital and a dynamic operational environment, Obilet aims for continued growth, leveraging Turkey's high passenger potential.
Marti Technologies Inc. is a micro-mobility company based in Istanbul, Turkey, that focuses on providing electric vehicles for local transportation in the MENA region and Eastern Europe. Established in 2018, Marti operates a fleet of over 48,000 electric mopeds, e-bikes, and e-scooters. The company utilizes proprietary software systems and IoT infrastructure to manage its operations efficiently, aiming to enhance urban mobility and accessibility in the areas it serves.
Hellas Direct is a digital insurance company based in Cyprus that specializes in car insurance. Utilizing advanced technology and artificial intelligence, the company aims to streamline the insurance process and provide competitive pricing to its customers. Hellas Direct is supported by notable investors, including Portag3, the International Finance Corporation, Endeavor Catalyst, and prominent individuals from the finance sector. The company seeks to innovate the insurance industry by prioritizing operational excellence and improving customer experience.
Viva Wallet provides innovative acquiring and issuing services to businesses of any size, based on their individual needs. The company was founded in 2010 and has presence in the UK, Belgium, Romania, Greece, Cyprus. It is an entirely cloud-based licensed e-money institution for the provision of payment services in the EEA-31 countries and Principal Member of MasterCard and Visa for issuing and acquiring and a partner to leading global companies, such as Microsoft, Alipay, and PAX.
Uludağ İçecek is the beverage producer.
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.
Developer of an online payment system designed to provide comprehensive financial services to banks, e-money institutions, telecom operators and transportation operators. The company's platform offers mobile wallets, prepaid cards, bill payments, loyalty programs, payment gateway infrastructure, and a financial technology hub, enabling customers to make secure and convenient online and mobile payments, manage bills and loyalty programs and access a variety of financial services.
Netlog Lojistik Hizmetleri A.S. is a prominent logistics and transport services provider based in Istanbul, Turkey, with a significant presence across Europe, the Middle East, and Africa. Established in 1994, the company specializes in a wide range of logistics solutions, including cold and general chain food logistics, truck and inter-modal transport, and air, sea, and road freight services. It caters to various sectors such as aviation, hospitality, automotive, fashion, and retail, offering dedicated micro distributions and customs bonded warehousing, among other services. With a network of 74 warehouses and freight forwarding offices in key markets, Netlog Lojistik has positioned itself as a leading regional logistics player, supporting both domestic and international customers with comprehensive supply chain solutions. The company operates 23 subsidiaries under market-leading service brands, reflecting its commitment to growth and innovation in the logistics sector.
Wuzzuf, LLC is an online recruitment platform based in Cairo, Egypt, that connects job seekers with employers across various sectors, including accounting, customer service, engineering, sales, marketing, and software development. Founded in 2009, Wuzzuf operates as a subsidiary of BasharSoft LLC, a technology firm specializing in innovative online recruitment solutions. The platform caters to a diverse range of job seekers, from highly educated individuals to those with varying levels of education. Since its inception, Wuzzuf has served over 10,000 employers and facilitated more than 100,000 direct hires. The platform has advertised over 250,000 job vacancies and attracts more than 500,000 users each month, making it a significant player in the Egyptian job market.
Hazelcast, Inc. develops an open source clustering and scalable data distribution platform for Java. The company offers Hazelcast, an in-memory data grid solution that allows its users to share and partition their application data across their clusters; Hazelcast Jet, a stream processing engine that ingests, categorizes, and processes data to support continuous intelligence practices; and Hazelcast Management Center, a web-based tool that enables its users to monitor and manage Hazelcast clusters, check cluster health, track system throughput, and update cluster configurations. Its solutions are used by developers and companies worldwide. The company was founded in 2008 and is based in Palo Alto, California with a research and development office in Istanbul, Turkey.
Migros One is a pioneering entity within the food and retail technology sector, leveraging the extensive resources of Migros to enhance e-commerce services. The organization encompasses various brands, including Migros Sanal Market, Migros Hemen, and Migros Yemek, aiming to meet evolving consumer needs through innovative solutions. With a focus on technology, Migros One seeks to improve the shopping experience by harmonizing digital advancements with customer satisfaction. The company's commitment to people-oriented innovations underscores its belief in the value of fostering positive experiences for both consumers and employees. Through continuous development and responsiveness to market trends, Migros One positions itself as a leader in the retail space, dedicated to delivering quality and convenience in all aspects of its operations.
Obilet Bilisim Sistemleri A.S. is an online bus ticket booking platform based in Istanbul, Turkey, and is recognized as the leading service in its market. It simplifies the process of purchasing domestic bus tickets by aggregating offerings from over 150 bus companies across more than 40,000 routes, allowing users to easily compare prices and select the best options. While the platform also facilitates flight bookings, its primary focus remains on intercity bus travel. Founded in April 2012 by Yigit Gurocak and Ali Yilmaz, Obilet started with a small team and a modest ticket sales volume, but has since grown significantly, employing over 160 people. In 2019, the company sold approximately 10 million tickets and recorded over 160 million website visits, with its mobile app recognized as Europe's best travel application by MasterCard. With strong backing from venture capital and a dynamic operational environment, Obilet aims for continued growth, leveraging Turkey's high passenger potential.
They supply you frozen vegetables and fruits with a superior quality in both local and international markets. Their large supply of raw materials enable us to be flexible and agile in processing orders.They offer customized specifications: cut size, mixes, degree of blanching and many other.
Private Equity Round in 2019
Modanisa is an online fashion retailer specializing in women's Islamic clothing, including dresses and accessories tailored for modest dressing. The platform caters to women of all ages, offering a diverse range of products that reflect contemporary trends in hijab styles and modest fashion. Modanisa features collections from well-known designers, providing options such as abayas and jilbabs. The retailer ships its products globally, allowing conservative women to shop conveniently while staying aligned with their fashion preferences. In addition to its product offerings, the site also provides fashion tips tailored for Muslim regions, enhancing the shopping experience for its customers.
BasharSoft LLC is a Cairo-based technology startup that specializes in developing online recruitment software solutions in Egypt. Founded in 2009, the company is best known for its flagship platform, WUZZUF, which serves as a job board connecting various job seekers with employers, including startups and multinational corporations. In addition to WUZZUF, BasharSoft offers WiseRec, an online recruitment tool tailored for small and medium enterprises, and provides a talent management engine that allows the creation of custom job boards for specific industries. The company also develops workforce planning software systems to enhance recruitment processes.
Forasna is a job listing and recruitment platform based in Cairo, Egypt, founded in 2015. It specializes in connecting job seekers, particularly those seeking blue-collar employment, with various companies across the Middle East. The platform enables users to search for and apply to jobs that match their skills and qualifications. As the first and most reliable recruitment service in the region, Forasna caters to individuals from diverse educational backgrounds, enhancing their access to job opportunities. The company operates as a subsidiary of BasharSoft LLC.
Wuzzuf, LLC is an online recruitment platform based in Cairo, Egypt, that connects job seekers with employers across various sectors, including accounting, customer service, engineering, sales, marketing, and software development. Founded in 2009, Wuzzuf operates as a subsidiary of BasharSoft LLC, a technology firm specializing in innovative online recruitment solutions. The platform caters to a diverse range of job seekers, from highly educated individuals to those with varying levels of education. Since its inception, Wuzzuf has served over 10,000 employers and facilitated more than 100,000 direct hires. The platform has advertised over 250,000 job vacancies and attracts more than 500,000 users each month, making it a significant player in the Egyptian job market.
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
Private Equity Round in 2015
BRN Sleep Products is a privately held manufacturer based in Kayseri, Turkey, specializing in a range of sleep-related products. The company produces mattresses, covers, box springs, and adjustable beds, catering to the needs of customers seeking cost-effective sleep solutions. With a focus on affordability and quality, BRN Sleep Products supplies a variety of items designed to enhance sleep comfort and promote better rest.
Uludağ İçecek is the beverage producer.
Developer of an online payment system designed to provide comprehensive financial services to banks, e-money institutions, telecom operators and transportation operators. The company's platform offers mobile wallets, prepaid cards, bill payments, loyalty programs, payment gateway infrastructure, and a financial technology hub, enabling customers to make secure and convenient online and mobile payments, manage bills and loyalty programs and access a variety of financial services.
Juhayna Food Industries S.A.E. is an Egypt-based company engaged in the production, processing, and packaging of a diverse range of food products, primarily dairy items, fruit juices, and agricultural products. Founded in 1983 and headquartered in Giza, Juhayna offers various dairy products, including plain and flavored milk, yogurt, and cheeses, along with fresh fruit juices and concentrates. The company operates dairy farms and is involved in reclaiming land for agricultural purposes, producing fruits and cattle feed. Juhayna's product lines are marketed under several brands, such as Juhayna Dairy, Juhayna Yoghurt, and Pure juices, which have gained consumer loyalty over the years. The company has established a significant presence in the food sector, catering to both local and international markets.
Evim.net is a membership-based private shopping platform in Turkey, specializing in home decoration and accessories. The site offers a diverse selection of products, including home textiles, kitchenware, small appliances, mother-child items, household goods, and electronic products. Members benefit from significant discounts, with savings of up to 80% on various products. In addition to shopping, Evim.net encourages members to invite friends to join the platform, enhancing its community-oriented approach. This e-commerce site serves as a comprehensive resource for customers seeking affordable and stylish home decor options.