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.
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.
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.
Bek Ventures is a venture capital firm founded in 2013 and based in Luxembourg, with offices in London, New York, Luxembourg and Istanbul. It backs a select group of early-stage tech startups with global ambitions, particularly those with roots in Emerging Europe. The firm emphasizes disciplined, selective investing and hands-on support to help teams reach global scale. It has over $600 million committed across its active funds and has backed notable successes such as UiPath, Payhawk, and Peak. Bek Ventures has gained recognition as a top-performing VC globally since 2010 by HEC-Dow Jones.
AccessTurkey Capital Group is an Istanbul-based private equity firm focused on growth-oriented and mid-market investments across financial services, industrials, manufacturing, technology and transportation. Founded around 1999–2000, it pursues growth equity, recapitalizations, consolidation platforms, leveraged buyouts and corporate spin-offs in Turkey and, according to some sources, internationally in the United States and Europe. The group typically takes lead roles and board seats to work with management and owners in closely held or transitioning businesses, aiming to build value through strategic partnerships and operational improvements. It operates through subsidiaries including AccessTurkey Private Equity and AccessTurkey Real Estate, with iLab Ventures as part of its affiliates, and maintains a presence in Istanbul to oversee its portfolio across its markets.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
BF Ventures is a venture capital firm based in Istanbul, Turkey, that invests in fintech, software as a service, gaming, and advanced manufacturing sectors.
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.
The Blue Minds Company is a Vienna-based firm focused on accelerating the energy transition through business model development, research, consulting, and communications. It collaborates with companies to address 21st-century energy challenges and acts as a startup incubator, identifying, mentoring, and supporting startups on their path to become architects of the energy transition. With strong regional connections across Southeast Europe, Turkey, and the MENA region, the company leverages local expertise to facilitate innovation and implementation. The firm operates Blue Minds Israel in Tel Aviv, which develops software for digital energy services to meet the evolving needs at the intersection of energy, Internet and telecommunications. The Blue Minds Company positions itself as a partner for organizations seeking practical, scalable approaches to energy transition and value creation in an increasingly interconnected energy landscape.
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.
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.
Vera Capital is a private family investment office based in Istanbul, Turkey, founded in 2015. It invests across multiple asset classes, including direct investments in early-stage technology companies, real estate/assets, venture capital funds, and publicly traded markets.
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.
QNBEYOND Ventures is the corporate venture arm of QNB Finansbank, based in Istanbul, Turkey. It invests in startups operating in fintech, regtech, business-to-business software, SaaS, artificial intelligence, big data, agriculture technology, insurtech, and real estate technology. As a strategic investor, QNBEYOND aims to collaborate with audacious teams as early as possible, providing insights and access to QNB Group's global network. With presence in more than 30 countries and tens of millions of customers, the group leverages its experience and resources to support portfolio companies beyond capital, helping them accelerate growth.
Middle East Venture Partners is a Dubai-based venture capital firm with offices in Beirut, Bahrain, and Riyadh. It backs early and growth-stage technology companies across the GCC and Levant, pursuing cross-border investments in North Africa and Turkey. The firm focuses on sectors such as cloud-based software, ICT, fintech, e-commerce, education technology, digital services, consumer technology, logistics, and hospitality tech, typically taking minority stakes and investing about 0.2 to 5 million USD per deal. It manages around 260 million USD in assets and was founded in 2010.
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.
Tau Investment Management is a New York-based investment firm founded in 2012 that specializes in growth equity and buyout opportunities in the apparel and textile value chain, with a focus on Southeast Asia and broader Asia. It brings deep sector expertise to identify high-growth, high-technology apparel manufacturing opportunities and connects strong management teams with global brands and retailers. The firm targets growth equity and buyouts typically in the range of $20 million to $50 million, and looks for companies in the apparel supply chain with revenue roughly $30 million to $300 million. It maintains a regional emphasis in Asia, including Bangladesh, Vietnam, Indonesia, China, Cambodia and Turkey, and may maintain a presence in Hong Kong.
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.
Lumia Capital is a San Francisco-based venture capital firm founded in 2011 that backs expansion-stage technology companies, focusing on internet and software sectors such as SaaS, mobile, cloud computing, infrastructure, and big data. It uses a hands-on approach that couples Silicon Valley insights with global networks to help management teams scale and pursue international growth. The firm typically invests between a few million and around thirty million dollars and participates in primary and secondary transactions using common and preferred shares. Its geographic focus includes the United States and international markets in Latin America, Central and Eastern Europe, the Middle East and North Africa, Turkey, Southeast Asia, and other regions, supporting portfolio companies as they expand across borders.
STC Ventures is an independently managed venture capital firm based in Dubai. Backed by the Saudi Telecom Company as anchor investor, it pursues equity investments to help build market-leading technology companies in information technology, telecommunications, and digital media/entertainment. The firm focuses on opportunities in the GCC, wider MENA region and Turkey, and also supports globally oriented ventures seeking access to the MENA market. It aims to empower entrepreneurs to create innovative technology businesses and to foster technology-led growth across regional and international markets.
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.
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.
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.
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.
ZAKA VC is a Prague-based venture capital firm investing in pre-seed and seed startups across Europe, with a focus on early-stage software-driven ventures. The firm targets sectors such as B2C, retail, utilities, financial services, ad tech, e-commerce, marketing tech, real estate, and technology, and operates with a pan-European reach that includes Central and Eastern Europe, the DACH region, the Baltics, and the United Kingdom. It maintains a hands-on approach through a network of scouts and local presence in Prague, Bratislava, Berlin, and other regional hubs to source and support founders. Founded in 2019, ZAKA VC seeks early-stage opportunities in Europe from its ecosystem to help software-driven teams scale from seed to growth.
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.
Beenos Partners is a Tokyo-based venture capital arm and startup platform that provides incubation and investment support for technology-driven ventures. Through an in-house team of entrepreneurs-in-residence and specialists in engineering, design, data science, and business management, it helps turn ideas into launched companies and supports growth across stages. Originating from NetPrice.com as an incubator and later evolving into a venture-focused entity, Beenos Partners operates across sectors including information technology, online marketplaces, online payments, inbound tourism, entertainment, manufacturing, mobile, and enterprise software. The firm pursues global investments, with activity in regions such as the United States, India, Indonesia, Japan, and Turkey. Based in Tokyo, Beenos Partners collaborates with startups to provide hands-on guidance and strategic funding to accelerate development and scale operations.
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.
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.