Istanbul's startup scene is growing, and its venture capital firms are keeping pace. Many are actively funding new companies, showing a strong belief in local entrepreneurs.
Firms like the Turkey Development Fund have backed over 150 companies, and veterans like Aslanoba Capital have seen more than 15 exits. Finding the right partner for your own venture is the next step.
Below is our list of the best 15 VC firms in Istanbul.
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Buy It For $97 $297 →212 invests in growth-stage B2B tech companies across Turkey, CEE, and MENA that are ready to scale internationally. Their "test local, go global" philosophy guides their hands-on mentorship, supporting portfolio companies like Bolt as they expand beyond their initial markets.
| Year Founded | 2011 |
| Founders | Ali Karabey, Numan Numan |
| Total Funding | €80M |
| Industries | SaaS, Marketplace, IoT, Climate & Sustainability, DTC |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Seed |
| Nº of Investments | 60 (25 as Lead Investor) |
| Nº of Exits | 4 (1 IPO'd) |
| Top Portfolio Startups | Bolt, Avatao, Chooch AI |
| Contact | info@212.vc |
Diffusion Capital Partners provides early-stage funding to deep-tech startups rooted in progressive science and technology. They focus on interdisciplinary projects, aiming to commercialize innovations that emerge at the intersection of different technology domains.
| Year Founded | 2015 |
| Founders | Alper Karagoz, Altan Kucukcinar, Entekno Materials, Haluk Zontul |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 51 (30 as Lead Investor) |
| Nº of Exits | 3 |
| Contact | contact@dcp.vc / +90 212 276 16 62 |
ScaleX Ventures partners with early-stage startups that have global ambitions from day one, helping them scale internationally. They focus on sectors like SaaS, deep tech, and AI, providing both the capital and hands-on support for founders to expand their businesses worldwide.
| Year Founded | 2016 |
| Founders | Dilek Dayinlarli |
| Total Funding | €35M |
| Average Check Size | €2M |
| Industries | SaaS, Deep Tech & Hard Science, Developer Tools, AI & ML, Enterprise |
| Investment Stage | Early Stage, Seed, Series A |
| Nº of Investments | 27 (8 as Lead Investor) |
| Nº of Exits | 5 (1 IPO'd) |
| Top Portfolio Startups | Altogic, Hipporello, Invidyo |
| Contact | contact@scalexventures.com |
Established by the Development and Investment Bank of Turkey, the Turkey Development Fund invests in both venture capital funds and directly into early-stage startups. This dual approach aims to build out the country's entire enterprise ecosystem by supporting new generation technology companies.
As Turkey's first authorized alternative asset management company, Re-Pie provides funding opportunities across a wide range of asset classes to grow the country's capital markets. They support startups from seed to private equity stages, with a diverse portfolio that includes successful companies like Getir.
| Year Founded | 2014 |
| Founders | Caner Bingöl, Dr. M. Emre Çamlıbel, Mehmet Ali Ergin |
| Investment Stage | Early Stage, Private Equity, Seed |
| Nº of Investments | 62 (25 as Lead Investor) |
| Nº of Exits | 5 (1 IPO'd) |
| Contact | info@re-pie.com / +90-212-286-30-52 |
WePlay Ventures exclusively funds early-stage gaming startups across Turkey, Central Asia, and Eastern Europe. They provide both the capital and strategic guidance needed to help new studios scale for a global audience.
As Turkey's first equity-based online investment platform, StartupFon capitalizes early-stage technology ventures by connecting them with angel investors. They offer a flexible model where members can co-invest in deals directly or put capital into the firm's own micro-VC, AngelFund.
| Year Founded | 2016 |
| Founders | Batu Balkır, Burcu Bekdash, Emrah Rich, Emre Birol, Eray Yuksek, Gülsüm Çıracı, Levent Şahiner |
| Investment Stage | Early Stage |
| Nº of Investments | 32 (6 as Lead Investor) |
| Nº of Exits | — |
| Contact | info@startupfon.com |
Founder One backs early-stage technology startups in Turkey and Eastern Europe, providing both capital and hands-on support. Its team of experienced entrepreneurs offers mentorship and network access to help portfolio companies grow.
| Year Founded | 2022 |
| Founders | Eren Yasarkurt, Kivanc Emiroglu |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 31 (17 as Lead Investor) |
| Nº of Exits | — |
| Contact | info@founderone.com |
As the corporate venture capital arm of the Eczacıbaşı Group, Eczacıbaşı Momentum invests in startups focused on wellbeing, consumption, and home-living. The fund supports companies with an international perspective by providing capital and strategic access to the parent group's knowledge and business network.
| Year Founded | 2019 |
| Founders | Nejat Eczacıbaşı |
| Investment Stage | Early Stage, Late Stage |
| Nº of Investments | 15 (5 as Lead Investor) |
| Nº of Exits | 1 (1 IPO'd) |
| Contact | cagdas.aygun@eczacibasi.com.tr |
Aslanoba Capital backs early-stage tech startups across Turkey and the United States with investments ranging from $250,000 to $2 million. The firm seeks out disruptive ideas in sectors including marketplaces, e-commerce, mobile, and SaaS.
| Year Founded | 2013 |
| Founders | Cankut Durgun, Hasan Aslanoba |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Seed |
| Nº of Investments | 103 (15 as Lead Investor) |
| Nº of Exits | 16 (2 IPO'd) |
| Contact | contact@aslanobacapital.com / (021) 669-2128 |
5 Additional Istanbul VC Firms Worth Pitching
The firms we've highlighted are just the beginning. Combined, the next group of VCs have made over 100 investments into local startups. Many of these are newer funds, already helping their portfolio companies find their footing. Here’s a look at the other venture capital firms funding what's next in Istanbul.