The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.
Aslanoba Capital is an early-stage venture capital firm based in Istanbul, Turkey, that invests in technology startups in Turkey and the United States. The firm backs ventures pursuing disruptive ideas in marketplaces, e-commerce, mobile, classifieds, content, and software as a service, among related software-enabled sectors, with typical investment amounts ranging from 0.25 million to 2 million USD.
Bek Ventures is a global venture capital firm based in Luxembourg with offices in London, New York, Luxembourg and Istanbul. It focuses on early-stage technology startups with global ambitions and roots in Emerging Europe. The firm has over $600 million in committed capital across its active funds and a track record that includes multi-billion-dollar successes such as UiPath, Payhawk and Peak. Recognized as a top-performing VC globally since 2010 by HEC-Dow Jones, Bek Ventures emphasizes selective, disciplined investing aimed at helping exceptional founders scale internationally.
Turkey Development Fund is an economic development agency based in Istanbul, established in 2019. It aims to advance Turkey’s sustainable development by investing in companies and funds that support strategic sectors and cultivate the early-stage venture capital ecosystem, including through sub-funds. The organization seeks to develop the enterprise landscape by backing new generation startups. Assets are managed by a board of directors.
212 is a Luxembourg-based investment firm focusing on technology companies across Turkey, Central and Eastern Europe, and the Middle East and North Africa. It backs early- and growth-stage tech ventures, with a particular emphasis on B2B software, internet, mobile, e-commerce, and cloud sectors. The firm seeks companies with traction and clear product-market fit that can scale internationally, often taking minority stakes and providing hands-on mentoring and strategic guidance in addition to capital. Its approach combines regional insight with global execution, aiming to help portfolio companies expand beyond local markets. The team comprises seasoned professionals with backgrounds in multinational corporations and startups, focused on strategy, operations, and execution to cultivate a regional tech ecosystem.
Collective Spark is a venture capital firm focused on early-stage technology ventures, positioning itself as a long-term partner that provides operational support and access to specialized talent and resources to help startups grow into scalable, disruptive businesses. The firm is headquartered in Istanbul, Turkey, with an additional office in Los Angeles, California.
NODWIN Gaming is a leading esports and gaming company established in 2015, building a high-growth, sustainable ecosystem that connects professional players, teams, content creators, products, and audiences. Its core offering centers on sports entertainment with esports as the focal point for fans, publishers, and brands, delivered through a portfolio of IPs in esports, gaming, music, comedy, and live experiences. The company operates across South Asia, Singapore, the Middle East, and Turkey and is a material subsidiary of Nazara Technologies. NODWIN develops an esports platform and gaming solutions, producing mobile games and organizing esports events, and providing services such as content production, talent management, sponsorship, and brand integration. By enabling scalable fan experiences and monetization opportunities, NODWIN serves the global gaming and media market with engaging experiences across its ecosystem.
Revo Capital is a venture capital firm founded in 2013 and based in Istanbul, with additional offices in Tallinn and Amsterdam. It invests in early- and growth-stage technology companies across Turkey, Eastern Europe, and the Baltics, focusing on sectors including SaaS, enterprise software, AI and machine learning, big data, fintech, healthtech, cybersecurity, cloud solutions, marketing technology, e-commerce, energy, gaming, and related areas. The firm supports B2B, B2C and C2C business models and collaborates across regional networks to back companies from seed to growth stages.
Vestel Ventures is the corporate venture arm of Vestel Elektronik Sanayi ve Ticaret, part of the Vestel Group of Companies, based in Istanbul, Turkey. Established in 2015, it pursues strategic equity investments in companies operating across healthcare, productivity and human resources technology, media, artificial intelligence, retail, cybersecurity, smart city solutions, biotech, internet of things, consumer electronics, and energy.
iLab Ventures is a venture capital firm based in Istanbul, Turkey, and the venture arm of AccessTurkey Capital Group. It invests in early-stage through growth-stage companies in Turkey, with a focus on technology-enabled services, internet, digital media, and consumer services, and prefers tickets ranging from 0.25 million to 10 million with either minority or majority positions. The firm has historically targeted high-growth sectors in the Turkish market, including petrochemical, iron and steel, human resources, software development, and insurance, alongside technology-driven opportunities. By leveraging its mandate within AccessTurkey Capital Group, iLab Ventures supports portfolio companies through multiple growth stages and aims to back ambitious firms in sectors with scalable potential.
Founder One is an impact investment firm founded in 2022 and based in Istanbul, Turkey. It focuses on early-stage technology ventures, investing at the idea and seed stages in initiatives that pursue measurable social or environmental impact.
Simya is a venture capital firm founded in 2022 and based in Istanbul, Turkey. It focuses on early-stage, business-to-business startups, offering investment capital, mentorship, and network support to help scale breakthrough projects globally through an efficient investment process.
Teknoloji Yatirim is an early-stage venture capital and private equity firm based in Ankara, Turkey, founded in 2005. The firm specializes in investing in technology companies, focusing on innovative startups that have the potential for significant growth. Its investment strategy aims to support and nurture emerging technologies, contributing to the development of the technology landscape in Turkey and beyond.
Logo Ventures is an early-stage venture capital firm focused on technology-driven startups with high growth potential in Turkey and the surrounding regions of Central and Eastern Europe and the Baltic states. It partners with entrepreneurial teams to help them scale globally and build durable technology-enabled businesses, supporting companies as they evolve into established players within their industries.
F+ Ventures is the corporate venture capital arm of Fark Holding, based in Istanbul, Turkey. It invests in early-stage startups, mainly late seed and Series A rounds, within the smart mobility ecosystem, targeting logistics, mobility, sharing, vehicles, and information technology sectors with disruptive technologies and innovative business models.
Established in 2015 and headquartered in Istanbul, Boğaziçi Ventures is a prominent investment firm specializing in the technology sector. With a track record of over a hundred investments across diverse verticals and geographies, they actively support their portfolio companies through mentorship and knowledge transfer, fostering international success.
Founded in 2022, Caucasus Ventures is a venture capital firm based in Baku, Azerbaijan. It focuses on investing in pre-seed technology startups across the Caucasus region, Turkey, Eastern Europe, and Central Asia.
Nexus Ventures is a venture capital firm headquartered in Ankara, Turkey, established in 2002. It concentrates on seed-stage investments in telecommunications and the Internet of Things, seeking scalable, profitable ventures. The firm supports portfolio companies with mentorship, technical and business expertise, a broad network, and capital to help them grow. Nexus Ventures aims to form meaningful partnerships with entrepreneurs and back transformative businesses.
Diffusion Capital Partners is a venture capital firm based in Istanbul, Turkey, founded in 2015. It concentrates on technology-based startups and provides seed to growth capital, with a focus on intellectual property and technology-intensive projects across biotechnology, green-tech, agri-tech, life sciences, materials and nanotechnology, information technology, robotics and mechatronics. The firm targets investments in Turkey with emphasis on emerging regions and typically leads investment rounds while also syndicating with other funds and angels. It pursues cross-industry and interdisciplinary innovations at the nexus of technology domains where capital-efficient solutions can unlock value.
Established in 2021, Tamer Capital is a venture builder based in Istanbul, Turkey. It supports entrepreneurs by providing finance, business development, branding, and marketing services, enabling them to focus on their operational businesses while aiming for global success.
Ludus Ventures is a venture capital firm based in Istanbul, Turkey, focused on gaming startups. It provides in-house expertise, strategic guidance, and funding to entrepreneurs and startups, and aims to pioneer the venture studio model in Turkey by nurturing best-in-class gaming ventures.
Techmine Gsyo is a venture capital firm based in Istanbul, Turkey, founded in 2021, that invests in technology startups across sectors including fintech, deep tech, health tech, digital transformation technology, e-commerce, gaming, the metaverse, and artificial intelligence.
String Ventures is a venture capital firm based in Istanbul, Turkey, founded in 2014. It makes seed and early-stage investments across a broad range of sectors, including healthcare, transportation, housing, energy, logistics, financial services, retail, telecom, AI, data analytics, VR/AR, robotics, biotech, hardware and software. The firm backs both consumer and enterprise products and supports portfolio companies with capital, product design capabilities, and growth marketing to accelerate market traction. It emphasizes fast execution and founder-friendly terms and focuses on emerging startup ecosystems.
Atanova Ventures is an early-stage investment company founded in 2018 and based in İzmir, Turkey. The firm focuses on investing in initiatives with high impact potential across various sectors, including marketplaces, fintech, gaming, proptech, health tech, energy, vegan food, recycling, and edtech. In addition to its investment activities, Atanova Ventures offers venture building services to support the growth and development of its portfolio companies.
Established in 2012, Istanbul Startup Angels is Turkey's most active angel investment network, focusing on innovative and fast-growing technology startups. The company partners with corporations to identify promising startups through sector-focused accelerator programs.
Eldorado Gold Corp is a Canadian gold and base metals producer with mining, development, and exploration projects in Europe, Asia, and South America, and operations in Turkey, Canada, and Greece. It maintains a portfolio of assets including Kisladag, Efemcukuru, Skouries, Perama Hill, and Certej, and emphasizes responsible operations, safety and environmental standards, and partnerships with local communities.
Founded in 2019, Letven Capital is a venture capital firm based in Üsküdar, Turkey. It focuses on investing in business-to-business companies within the information technology, agriculture technology, food technology, supply chain technology, and internet of things sectors.
Ottoman Ventures is a venture capital firm and management consultancy based in Palo Alto, California, with offices in Istanbul, Turkey. It identifies and supports innovative ideas in Turkey and beyond, providing investment and advisory services to help startups scale. The company focuses on sectors such as e-commerce, media, mobile, information technology, and telecommunications, and seeks cross-border opportunities between Turkey and global markets.
Lima Ventures is a venture capital firm established in 2020 and based in Istanbul, Turkey. The firm focuses on investing in innovative technology-driven entrepreneurs across various sectors, including edtech, fintech, B2B SaaS, artificial intelligence, machine learning, B2C and P2P platforms, gaming, e-sports, and entertainment. Lima Ventures collaborates with exceptional founders, providing support and services to early-stage startups from inception through various stages of development, aiming to foster companies that can inspire and impact millions.
57 Stars is an independent asset manager and private equity and venture capital firm that pursues direct and fund-of-funds investments, including mezzanine opportunities. It focuses on investments outside the United States, particularly in emerging markets, and targets primary and secondary private equity partnerships as well as co-investments in select markets. The geographic scope includes India, China, Japan, Turkey, Africa, the Middle East, Australia, Eastern Europe, Israel, Brazil, and other regions across Latin America, pan-Africa, and pan-Asia. The firm typically makes investments ranging from $15 million to $50 million. Founded in 2005, 57 Stars is based in Washington, D.C., with additional offices in Singapore, Hong Kong, Munich, São Paulo, and San Diego.
Arya Ventures is a venture capital firm headquartered in Istanbul, Turkey, founded in 2022. It pursues early-stage and Series A investments in startups across femtech, mobility, life sciences, fintech, blockchain, and technology, with a focus on companies based in Turkey and the broader Middle East. The firm originated from a partnership between Arya Women Investment Platform and İşbank and is oriented toward supporting gender-balanced startups within Turkey’s ecosystem.
B4YO Capital is a venture capital firm founded in 2019 and based in Istanbul, Turkey. It invests in technology companies and supports entrepreneurs in developing their businesses.
IFU is a venture capital and private equity firm based in Copenhagen, Denmark, that specializes in providing equity, mezzanine financing, loans, and guarantees to projects in developing countries. Established in 1967, IFU focuses on creating and financing new businesses, joint ventures between Danish companies and local partners, and acquiring existing ventures. The firm primarily invests in sectors such as commercial services, biofuels, renewable energy, and irrigation systems, with a particular emphasis on climate and agribusiness. Investments are targeted at countries with a low gross national income per capita, as defined by specific criteria, and include regions across Africa, Asia, Europe, and Latin America. IFU typically invests between DKK 0.5 million and DKK 100 million and often seeks co-investment opportunities with Danish firms. The firm also supports small and medium-sized enterprises and provides advisory services for business investments in developing markets. With a preference for board membership, IFU aims to exit investments within five to seven years, ensuring a positive return for its stakeholders.
Artificial Intelligence Factory, established in 2023 in Istanbul, Turkey, is a corporate venture capital arm that supports and invests in Turkish AI initiatives. It offers a range of services, including incubator programs, to foster growth and international success for these ventures.
Heaventures is a venture capital firm established in 2021 and located in Istanbul, Turkey. The company focuses on investing in early-stage startups, providing financial support and strategic guidance to help these businesses reach their goals. With a commitment to fostering innovation and growth, Heaventures aims to empower entrepreneurs and contribute to the development of the startup ecosystem in the region.
BF Ventures is a venture capital firm based in Istanbul, Turkey, that invests in fintech, software as a service, gaming, and advanced manufacturing sectors.
ZMT Ventures is a venture capital firm founded in 2013 and based in Istanbul, Turkey. It focuses on early-stage technology companies, investing in and partnering with entrepreneurs to support them wherever and whenever needed to go beyond better.
Aktif Ventures is a venture builder based in Istanbul, Turkey that creates digital ventures from the ground up and scales them by leveraging its ideas and resources, with a focus on fintech.
Leap Investments is an accelerator firm based in Cankaya, Turkey, founded in 2021, that invests in early-stage technology startups and supports founders through mentorship, consultancy, and entrepreneur development.
ZAKA Ventures is a Prague- and Bratislava-based venture capital firm that invests in pre-seed and seed software startups across Europe, with a particular focus on Central and Eastern Europe and the DACH region. It backs early-stage companies across sectors such as AI, analytics, B2B SaaS, consumer apps, gaming, crypto, retail, financial services, ad tech, e-commerce, marketing tech, real estate, and utilities. The firm pursues a pan-European strategy supported by scouts in Berlin, the United Kingdom, the Baltic states, the Balkan region and Turkey, and operates from Prague and Bratislava. Founded in 2019, ZAKA Ventures seeks to partner with founders at the earliest stages to accelerate product development and market entry.
DOMiNO Ventures is a venture capital fund founded in 2021 and based in Amsterdam, the Netherlands. It backs founders building high-tech and digital-first companies across AI, deep tech, cleantech, healthtech, fintech, HR tech, edtech, gametech, cybersecurity and life sciences, with a global investment scope. The firm maintains an international footprint, headquartered in Amsterdam with a hub in Istanbul and a presence across Europe and the surrounding region, including Estonia, Poland, Georgia, Azerbaijan, Kazakhstan and Uzbekistan. DOMiNO Ventures focuses on supporting startups solving contemporary problems and aims to accelerate the development of technology-enabled solutions.
Founded in 2022, Inveo Ventures is an early stage venture capital firm based in Istanbul, Turkey. It invests primarily in early-stage and bridge rounds to support promising startups with innovative business models.
StartersHub is a venture capital firm based in Istanbul, Turkey, founded in 2015, focusing on pre-seed and early-stage investments in technology startups. The firm supports technology ventures at their outset, providing capital and mentorship to help them grow. StartersHub also operates StartersHub XO, a six-month global program with KPI-based objectives that guarantees investment upon program completion.
NFX is a San Francisco-based venture capital firm focusing on pre-seed and seed investments in technology startups. It positions itself as founder-centric, aiming to improve the early-stage experience through software-enabled processes and by applying growth techniques that leverage network effects. The firm describes its founders as entrepreneurs first and seeks to back the next generation of creators by aligning with their needs and the broader ecosystem. Its investment scope spans software, fintech, e-commerce, data products, marketplaces, and related tech sectors across regions, supported by multiple funds to back early-stage opportunities.
Lakestar is a Zurich-headquartered venture capital firm that backs technology-enabled businesses across Europe and the United States. It focuses on deep tech, digitalization, artificial intelligence, financial technology and healthcare, seeking to identify, fund, and grow disruptive ventures founded by exceptional entrepreneurs. The firm provides active support to portfolio companies in areas such as business development, recruitment, technology, product development and regulatory insight, guiding founders from seed to growth stages. Lakestar has backed well-known early investments in Skype, Spotify, Facebook and Airbnb, and manages more than €2 billion across multiple early-stage and growth funds, maintaining a presence in Berlin, Zurich and London.
Esor Investments is a venture capital investment firm established in 2016 and located in Frankfurt, Germany. The firm focuses on investing in a diverse range of sectors, including e-commerce, banking, logistics, farming solutions, artificial intelligence, information technology, telecommunications, and software development. Through its strategic investments, Esor Investments aims to support innovative companies that have the potential for growth and impact in their respective industries.
Flashpoint is an international investment group focused on Western technology companies founded by expatriates from Emerging Europe and Israel. It manages six venture funds—a mix of four venture capital funds, a venture debt fund, and a secondary fund—and has assets under management in the hundreds of millions. The firm maintains offices in London, Tel Aviv, Budapest, Warsaw, Riga, Nicosia, and New York. It has invested in more than 50 companies, including Guesty, Chili Piper, and Office RnD, and has completed exits such as Shazam (sold to Apple) and Chess.com (sold to PokerStars founders and General Atlantic). The group targets software and business-to-business technology across Europe and Israel, with a preference for Western technology opportunities originated by expatriates from its focus regions.