Turkey has a fast-growing ecosystem of startups in key sectors such as technology, fintech, and AI. It has become a great place for entrepreneurship and innovation by its strategic location, young and tech-savvy population, and governmental support. To make it easier, we've put together an extensive list of venture capital investors, and our experts have handpicked the top 10 venture capital firms in Turkey just for you. You can find more details about investment opportunities here.
Here's a table that summarizes the overall VC data for a quick overview:
| VC Firm | Ticket Size | Stages | Founding Year |
|---|---|---|---|
| Revo Capital | €1 million to €5 million | Seed to Series A | 2013 |
| 212 | €1 million to €5 million | Series A | 2012 |
| ACT Venture Partners | $500,000 to $2 million | Seed and early-stage | 2016 |
| Boğaziçi Ventures | $100,000 to $1 million | Seed and early-stage | 2013 |
| Esas Ventures | $500,000 to $5 million | Seed and early-stage | 2015 |
| Keiretsu Forum Turkey | $100,000 to $1 million | Pre-seed and seed | 2012 |
| Alesta Yatırım | $50,000 to $500,000 | Seed and early-stage | 2012 |
| Runa Capital | $1 million to $10 million | Seed and early stages | 2010 |
| AltaIR Capital | $100,000 to $5 million | Seed and early stages | 2010 |
| Earlybird Venture Capital | €1 million to €10 million | Early-stage and growth-stage | 1997 |
1. Revo Capital
Revo Capital is Turkey's largest VC firm that empowers startups across Turkey, Central Eastern Europe (CEE), and the Baltics. With $156M under management and a $100M third fund in progress, Revo invests in B2B SaaS, health tech, AI-driven innovations and fintech. Known for backing success stories such as Getir and Midas, they provide strategic and operational support to help startups scale globally, positioning Turkey as a leading tech exporter.
- Website: https://revo.vc/
- Founding Year: 2013
- Investment Range: €1 million to €5 million
- Stage: Seed to Series A
- Sector: Technology-driven startups
- Geography: Turkey, Eastern Europe, and the Baltics
- Notable Investments: Getir, PayCore, Massive Bio, V-Count, Foriba
- Submit Pitch/ Contact: Link
2. 212
212 is a VC firm investing in B2B tech startups across Turkey, CEE, and MENA to help local innovators for global leadership. With funds targeting from pre-seed to growth stages, 212 supports founders with its globally leading network, knowledge, and resources. They are focused on untapped markets, and they empower bold entrepreneurs to solve tricky challenges and scale internationally.
- Website: https://212.vc/
- Founding Year: 2012
- Investment Range: €1 million to €5 million
- Stage: Series A
- Sector: Technology startups
- Geography: Turkey and Central and Eastern Europe
- Notable Investments: IyziCo, Insider, Solvoyo, HotelRunner, HemenKiralik
- Submit Pitch/ Contact: Link
3. ACT Venture Partners
ACT Venture Partners is a VC firm investing in early-stage deep-tech startups and transformative technologies. They are focused on AI, quantum computing, health tech, sustainability, and satellite innovation. ACT backs technical founders in solving some of humanity's critical global challenges. They offer Seed to Series B funding, mentorship, and access to an extensive network that enables startups to find product-market fit and scale worldwide. ACT combines purpose-driven impact with strong financial returns.
- Website: https://actvp.vc/
- Founding Year: 2016
- Investment Range: $500,000 to $2 million
- Stage: Seed and early-stage
- Sector: Deep-tech, including IoT, big data analytics, and biotech
- Geography: Turkey and Europe
- Notable Investments: ARDIC Tech, RS Research, Ambeent, Biocapsol, Borda Technology
- Submit Pitch/ Contact: Link
4. Boğaziçi Ventures
Boğaziçi Ventures is a VC firm that invests in technology based innovative startups across Turkey, Eastern Europe, and the MENA region. Founded by successful technology entrepreneurs, BV joins financial capital to strategic support to enable ventures scaling globally. With funds targeting AI, Gaming, Blockchain, Healthtech, and IoT, they empower founders to transform industries while delivering strong returns for investors and growing the regional tech ecosystem.
- Website: https://bogaziciventures.com/
- Founding Year: 2013
- Investment Range: $100,000 to $1 million
- Stage: Seed and early-stage
- Sector: Technology startups
- Geography: Turkey
- Notable Investments: Sinemia, Paym.es, Prisync, Segmentify, AppSamurai
- Submit Pitch/ Contact: Link
5. Esas Ventures
Esas Ventures is the VC arm of Esas Holding, one of Turkey’s largest family-owned investment firms. Backed by the Şevket Sabancı family, Esas Ventures focuses on early-stage investments globally, spanning diverse sectors like tech, healthcare, and logistics. With offices in Istanbul and London, Esas combines deep market expertise with a commitment to creating long-term value for entrepreneurs and their businesses.
- Website: https://www.esasventures.com/
- Founding Year: 2015
- Investment Range: $500,000 to $5 million
- Stage: Seed and early-stage
- Sector: Technology startups
- Geography: Turkey and Europe
- Notable Investments: Scotty, Insider, Meditopia, Visionteractive, Kolay IK
- Submit Pitch/ Contact: Link
6. Keiretsu Forum Turkey
Keiretsu Forum is a worldwide private equity angel investment community of angel investors, venture capitalists, and institutional investors, with 53 chapters on four continents. Established in 2000, Keiretsu Forum serves as a vigorous network of capital, resources, and deal flow. Members individually invest in technology, healthcare, real estate, and other key sectors. Their funding amounts ranging from $250K to $2M. Keiretsu develops, through its collaborative means of operations and charitable involvements, an unparalleled atmosphere of growth and impact.
- Website: https://www.keiretsuforum.com/
- Founding Year: 2012
- Investment Range: $100,000 to $1 million
- Stage: Pre-seed and seed
- Sector: Various sectors
- Geography: Turkey
- Notable Investments: Bionluk, Evreka, Nanomik, Teleporter, Invidyo
- Submit Pitch/ Contact: Link
7. Alesta Yatırım
Alesta Investment is one of Turkey's leading early-stage technology investors. They partner with innovative startups to drive growth and international competitiveness. They are backed by more than 20 years of experience through Escort Technology Investment Inc. Alesta provides ventures with capital, knowledge, and managerial support to ventures across IoT, digital products, health tech, renewable energy, and e-commerce. Focused on a sustainable success path, Alesta empowers entrepreneurs to scale impactful solutions and contribute to Turkey’s economy.
- Website: https://alestayatirim.com/
- Founding Year: 2012
- Investment Range: $50,000 to $500,000
- Stage: Seed and early-stage
- Sector: Technology startups
- Geography: Turkey
- Notable Investments: Faz
- Submit Pitch/ Contact: Link
8. Runa Capital
Runa Capital is a global VC firm backing early-stage tech startups in deep tech, enterprise software, and fintech infrastructure. With over $500M under management, it backs founders with funding, operational expertise, and a strong transatlantic network. Their portfolio includes innovators like NGINX and Brainly. With offices in Luxembourg, Palo Alto, London, Paris, and Berlin, Runa helps startups scale across global markets.
- Website: runacap.com
- Founding Year: 2010
- Investment Range: $1 million to $10 million
- Stage: Seed and early stages
- Sector: Cloud computing, machine learning, SaaS, deep tech
- Geography: Global
- Notable Investments: Nginx, MariaDB, Zopa, Ecwid, DrChrono
- Submit Pitch/ Contact: Link
9. AltaIR Capital
AltaIR Capital is a venture capital fund investing globally in early to growth-stage startups with disruptive ideas. With $600M under management, their investment focus spans AI, SaaS, FinTech, InsurTech, Digital Health, and Productivity Tools. They support driven teams with scalable business models and impressive product vision, AltaIR Capital looks for game-changing innovation with high return prospects, from idea stage to successful exits.
- Website: altair.vc
- Founding Year: 2010
- Investment Range: $100,000 to $5 million
- Stage: Seed and early stages
- Sector: Software, SaaS, information technology
- Geography: Global
- Notable Investments: Miro, PandaDoc, Turing, Scentbird, Guesty
- Submit Pitch/ Contact: Link
10. Earlybird Venture Capital
Earlybird Venture Capital is a premier European VC investor focused on early-stage technology companies. Since inception in 1997, Earlybird has managed close to €2.5 billion across successive specialized funds, putting the spotlight on such fields as digital tech, health, and deep tech. With 9 IPOs and 34 trade sales under its belt, Earlybird offers start-ups support with finances, strategic advice, and an international network to unfold their business ventures and leave a lasting impact.
- Website: https://earlybird.com/
- Founding Year: 1997
- Investment Range: €1 million to €10 million
- Stage: Early-stage and growth-stage
- Sector: Technology startups, including software, fintech, and healthcare
- Geography: Europe, with a focus on Turkey and Eastern Europe
- Notable Investments: UiPath, Peak Games, Hazelcast, Trendyol, Yemeksepeti
- Submit Pitch/ Contact: Link
FAQ (Frequently Asked Questions)
- Is VC high risk?
Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money. - What is the best country in Europe to set up a VC fund?
Luxembourg is ideal for setting up a VC fund in Europe due to its investor-friendly regulations, diverse investment vehicles, and a strong financial sector that supports local and foreign investors. The country's tax efficiency and stability further make it a preferred choice. - Which European cities have the most VC investments?
The top cities for VC investments in Europe are London, Paris, Berlin, Amsterdam, and Stockholm. London leads with $22.67B in 2023, followed by Paris and Berlin. These cities are known for strong startup ecosystems and significant funding opportunities. - What is the minimum amount for a VC fund?
Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money. - How do I choose a VC fund?
To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.