Turkey's startup scene is getting more attention, and for good reason. Firms like the Turkey Development Fund have backed over 150 companies, showing a real commitment to new ventures.
Other players like 212 and RePie Asset Management have each made over 60 investments, focusing on everything from SaaS to deep tech. Finding the right investor can be tough, so we've gathered the most active and interesting firms to help you get started.
Below is our list of the best 17 VC firms in Turkey.
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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.
| Headquarters | Istanbul, Istanbul, Turkey |
| 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 operates as an early-stage fund manager, backing deep-tech startups that are building the future with progressive science and technology. They focus on interdisciplinary projects to find capital-efficient innovations occurring at the nexus of different technology domains.
| Headquarters | Istanbul, Istanbul, Turkey |
| 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 backs early-stage B2B tech startups from Turkey, Central, and Eastern Europe that are built for a global audience. With a hands-on approach, the firm works directly with founders to help them scale their operations and expand internationally.
| Headquarters | Sisli, Istanbul, Turkey |
| 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 |
Turkey Development Fund focuses on building the nation's enterprise ecosystem by investing in early-stage startups. They operate as a development fund, channeling capital into a large number of ventures through direct investments and private equity.
| Headquarters | Umraniye, Istanbul, Turkey |
| Year Founded | 2019 |
| Founders | — |
| Investment Stage | Early Stage, Private Equity |
| Nº of Investments | 155 (108 as Lead Investor) |
| Nº of Exits | — |
| Contact | info-tkf@kalkinma.com.tr / (+90) 216 6368984 |
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.
| Headquarters | Istanbul, Istanbul, Turkey |
| 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 backs early-stage gaming startups, providing the seed capital needed to build and launch new titles. They focus exclusively on the gaming industry, helping founders turn their creative concepts into playable realities.
| Headquarters | Istanbul, Istanbul, Turkey |
| Year Founded | 2020 |
| Founders | — |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 24 (9 as Lead Investor) |
| Nº of Exits | 2 |
| Contact | play@weplayventures.com / +90 216 573 73 37 |
Nexus Ventures partners with entrepreneurs to build transformational businesses across all funding stages, from seed to late-stage rounds. Beyond just capital, they provide hands-on support through mentorship and access to their business and technical network.
| Headquarters | Ankara, Ankara, Turkey |
| Year Founded | 2015 |
| Founders | Burak ORUCU |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 22 (4 as Lead Investor) |
| Nº of Exits | 1 |
| Contact | info@nexus.ventures |
StartupFon connects angel investors with early-stage technology ventures through Turkey's first equity-based online investment platform. Members can invest directly in startups or through the firm's micro-VC, AngelFund, creating a dual path for capitalizing on new tech.
| Headquarters | Üsküdar, Istanbul, Turkey |
| 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 invests in early-stage and seed companies, taking a founder-centric approach to building businesses from the ground up. As a frequent lead investor, the firm takes an active role in guiding its portfolio companies from the earliest stages of development.
| Headquarters | Sisli, Istanbul, Turkey |
| 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 fund for the Eczacıbaşı Group, they invest in startups across wellbeing, consumption, and home-living that are shaping modern life. Beyond capital, they provide companies with strategic access to the parent group's deep industry knowledge and business connections.
| Headquarters | Istanbul, Istanbul, Turkey |
| 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 |
7 Additional Turkey VC Firms Worth Pitching
Our top picks are a great place to start, but they aren't the only VCs funding founders in Turkey. The next group of firms have collectively backed over 240 startups and seen more than 20 successful exits.
This variety of investors creates more opportunities for founders across different sectors. Here are the other venture capital firms funding what's next in Turkey.