Turkey’s startup ecosystem has rapidly evolved over the past decade, fueled by a young, tech-savvy population, increasing digital adoption, and government-backed initiatives aimed at fostering entrepreneurship. Venture capital activity in Turkey has also matured, with both institutional and private investors actively participating in funding rounds across various stages. According to Startup Centrum, the Turkish startup landscape secured $1.41 billion across 577 investment rounds. There are even more venture capitals entering the Turkish scene, reflecting the growing institutional interest in Turkey's startup scene and promises to inject further vitality into the ecosystem. In this article, we have compiled a comprehensive list of VC funds and angel investors in Turkey that can provide you with the capital you need to excel in this market.
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Venture Capitalist Funds in Turkey
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2020
Stage: Pre Seed, Seed, Series A
Focus: Gaming
Notable Portfolio: Midas Games, Windtribe, Jambox, Monetizr, Paxie
Year of Inception: 2013
Stage: Pre Seed, Seed, Series A
Focus: Technology
Notable Portfolio: Mutlubiev & Cleanzy, Tarfin, Pakolino, Dekopasaj
Year of Inception: 2015
Stage: Seed, Series A
Focus: Deep Tech
Notable Portfolio: Cybelle, Khenda, Atarlabs, Doktar, Cellsway
Year of Inception: 2012
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Scann Technology, Tiamo Games, Code360, Quasar Video
Year of Inception: 2019
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Alotech, Cineshort, Evreka, Fideyo, Pixalab, Sorwe, Tridi
Year of Inception: 2013
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Pantheon Games, Meditopia, Kompanion, Webrazzi
Year of Inception: 2017
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Lossless, Charged Particles, Shyft, Bware Labs, Biconomy
Year of Inception: -
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Fimple, Minted, Nuvolog, Mukellef, Spiky.AI, Adastec
Year of Inception: 2020
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: liftOS, Botgate AI, Aposto, Detaysoft, Hop
Year of Inception: 2019
Stage: Seed, Series A, Series B
Focus: Financial Services
Notable Portfolio: HockeyStack, Adsby, Debite, ikas, Ango Hub, Assistbox
Year of Inception: 2015
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Segmentify, Meditopia, Udentify, Sensfix, Teleporter
Year of Inception: 2013
Stage: Seed, Series A, Series B, Series C
Focus: Agro Tech, Health Tech, Edu Tech, Clean Tech, Financial/Digital Inclusion, Sharing Economy
Notable Portfolio: Diginak, Faradai, MentalUp, Navlungo, Paywall
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Focus: Frontier Tech, FoodTech, HealthTech, Energy, Gaming, Mobility
Notable Portfolio: Hirize, Evreka, Hiwell, 3pmetrics, Otelz, Herby
Year of Inception: 2017
Stage: Seed, Series A, Series B
Focus: IT
Notable Portfolio: Evereka, Quin, Vispera, Carbon Centrum, Flowla, Hazy
Year of Inception: 2015
Stage: Series A, Series B
Focus: Technology
Notable Portfolio: Artiwise, Magfi, Hiwell, Mukellef, Kavaken, Enhencer
Year of Inception: 2000
Stage: Series A, Series B
Focus: Technology
Notable Portfolio: Endeksa, Lafool, Arabam.com, Cimri, Kariyer.net
Year of Inception: 2015
Stage: Series A, Series B
Focus: Technology
Notable Portfolio: Cellbricks, Nextmol, Rototip, Hazy, Segmentify
Year of Inception: 2015
Stage: Series A, Series B, Series C
Focus: Smart Transportation
Notable Portfolio: Chargepoint, Comodif, Valens, CSUM, Garajsepeti
Year of Inception: 2019
Stage: Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Beenext, ScaleX, Food Labs, Iste Gelsin, Bizimtarifler
Year of Inception: 2018
Stage: Seed, Series A, Series B
Focus: Sector Agnostic
Notable Portfolio: mPharma, Alto, Kalshi, Deel, DraftWise, ContentFly, Frontier
Year of Inception: 2010
Stage: Series A, Series B, Series C
Focus: MedTech, Fintech, SaaS, Gaming, Data Analytics
Notable Portfolio: Vispera Inc, Sensobright, Setex Technologies Inc, Augmency Inc, Tarabios Inc
Angel Investors in Turkey
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: Ekmob, Glocalzone, Vampr, Rigeltech, Mindsite, Ominicourse
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: PhiTech, KuartisMed, Kiralarsin, Ollang, Nanomik
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: DeepZen, Garajsepeti, Firefly, Jetract, Tailster, Usersdot
Closing Thoughts on VCs and Angel Investors in Turkey
The ecosystem's vibrancy is evidenced by the diversification of funding sources and the emergence of new players. Turkey witnessed the establishment of new corporate venture capitals (CVCs), as well as acceleration programs. Additionally, a record 455 venture capital investment funds (VCIFs) were approved, signaling a robust infrastructure for nurturing early-stage startups. Sectors such as artificial intelligence, cloud-based software services, financial technology, and gaming have emerged as frontrunners, attracting significant investor attention and capital. As Turkey continues to nurture its startup ecosystem through a combination of public support, private investment, and a focus on cutting-edge technologies, it is poised to enhance its competitiveness on the global stage and attract further international attention in the venture capital market.
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Frequently Asked Questions on VCs and Angel Investors in Turkey
What is the current state of Turkey's startup ecosystem?
Turkey's startup ecosystem demonstrates significant growth potential with a venture capital market projected to reach US$345.30m in Total Capital Raised. The ecosystem is supported by local and international investors, active corporate venture capital participation, and government initiatives like TÜBITAK BiGG Fund, particularly focusing on technology and innovation sectors.
Which sectors attract the most investment from Turkish VCs and angels?
Key sectors attracting investment include:
Technology and SaaS (Software as a Service)
FinTech and Digital Banking
Gaming and Entertainment
Healthcare Innovation
E-commerce Platforms
EdTech Solutions
What investment stages and ticket sizes do Turkish VCs typically target?
Turkish VCs operate across various investment stages with these typical ticket sizes:
Pre-seed and Seed stage: €100,000 - €2.5 million
Early-stage ventures: $250,000 - $2 million
Growth stage: $1 million - $5 million
How does Turkey's investment landscape compare to other emerging markets?
Turkey offers distinct advantages through its strategic location bridging Europe and Asia, strong technical talent pool, and growing digital economy. While the country faces economic challenges, its startup ecosystem continues to mature with increasing focus on scalable technology solutions and international expansion.
How can startups connect with angel investors and VCs in Turkey?
Startups can connect through multiple channels:
Major events such as Startup Istanbul and Webrazzi Summit
Accelerator programs like İTÜ Çekirdek and KWorks
Online platforms including AngelList Turkey and EquityNet
Industry networking events and pitch competitions
Direct engagement with Turkish Private Equity & Venture Capital Association
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