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Top 7 Turkey Investors in 2025: Complete Founder Guide to Turkish VC

Deqian Jia
Deqian Jia
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Turkey InvestorsTurkish VCFundraisingVenture CapitalStartups

Here's the short version: if you're raising in Turkey in 2025, you're in a seriously interesting market.

Türkiye closed $1.1B across 469 startup investments in 2024, making it 2nd in MENA by total VC investment.(Daily Sabah) The ecosystem is now dense enough that the question isn't "Is there capital?"—it's Which 5–10 funds actually match me?

Below is a founder-centric guide to 7 of the most active, reputable investors based in or focused on Turkey, plus how to choose and pitch them.

When preparing your pitch, having a professional data room is essential. Peony helps Turkish startups organize investor materials with AI-powered document organization, track investor engagement with page-level analytics, and securely share sensitive financial and operational data. With transparent pricing at $40/user/month, Peony delivers enterprise-grade secure data rooms without the $5,000-20,000 per-deal costs of legacy platforms.

1. How to pick the right Turkey investors

A. Decide your "Turkey angle" up front

Investors care a lot about how you're tied to Turkey:

  • Turkey-first, global later Example: you're winning Turkish SMEs or consumers first, then expanding into MENA/CEE.
  • Turkey-rooted, global from day one Example: founders / R&D in Turkey, customers mostly in EU/US.

Some funds (Revo, 212, Collective Spark, TechOne, Boğaziçi Ventures) explicitly love "Turkish roots, global ambition" and say so in their investment theses.(Revo)

Make that story explicit in your deck.

B. Filter by stage first, not logo

Very rough mapping:

  • Pre-seed / Seed Collective Spark, TechOne VC, StartersHub, Diffusion Capital Partners (deep tech), 212 (when there's early PMF), Boğaziçi Ventures Growth I.
  • Seed → Series A Revo Capital, 212, Collective Spark, TechOne, Boğaziçi, StartersHub.
  • Series B+ / growth Revo (selectively), Boğaziçi Ventures Growth, some 212 portfolio follow-ons.

If your metrics, round size and check size expectations don't line up with their typical pattern, you're basically asking them to argue with their own investment committee.

C. Match them on category and edge

General pattern:

  • B2B SaaS / fintech / marketplaces / AI Revo, 212, Collective Spark, TechOne, StartersHub.
  • Deep tech / frontier science / industry Diffusion Capital Partners, 212 (select plays), Boğaziçi Ventures.
  • Consumer, gaming, digital platforms Boğaziçi Ventures (BV Growth, gaming focus), some Revo, Collective Spark.(inveo.com.tr)

If your startup might look like a fit but doesn't match their repeat patterns, expect a long "maybe" that turns into a no.

D. Consider what you actually want from them

Ask yourself honestly:

  • Do I mostly need capital? → Larger funds with follow-on capacity: Revo, 212, Boğaziçi, Collective Spark.
  • Do I need hands-on help and first checks? → Collective Spark, StartersHub, TechOne, DCP for deep tech.
  • Do I need deep-tech or scientific understanding? → Diffusion Capital Partners, 212 for certain verticals.

Write this down. Then pick the 15–20 names that best match that need.

2. Top 7 active Turkey investors in 2025 – detailed founder guide

1) Revo Capital

Why it's on every serious Turkey list: Revo is widely seen as one of Türkiye's leading technology VCs. In April 2025, it announced the first close of Fund III at $86M, targeting $100M+, to back 25+ early-stage tech startups with Turkish roots and global ambitions.(Revo) In March 2025, IFC committed $20M into Fund III, explicitly to boost early-stage tech companies in Türkiye and CEE.(IFC)

Focus & stage:

  • Stage: Seed and Series A (occasionally later rounds).
  • Sectors: fintech, B2B SaaS, cybersecurity, healthtech, energy, gaming, AI-driven innovation.(Revo)
  • Geography: Startups with Turkish roots or R&D plus broader CEE.(Revo)

Check sizes / fund power:

  • Typical checks roughly $1–5M in early rounds, per external VC rankings.(investorhunt.co)
  • With an active new fund and IFC backing, they clearly have follow-on capacity.

When Revo is a great fit:

  • You're a B2B or fintech/SaaS startup with strong Turkish founder roots and global ambitions.
  • You have early traction (revenue or serious usage) and you're raising a seed/Series A that you want a strong local lead for.

How to approach them:

  • Be explicit: "Here's our Turkish wedge → here's our international plan."
  • Bring metrics (MRR, NRR, CAC/payback) and a clear vision for becoming a category leader in your niche.

2) 212

Why founders respect 212: 212 is called Türkiye's first institutional venture capital fund, founded about 12 years ago. It focuses on growth-stage B2B tech startups with proven product–market fit and supports them in scaling internationally from Türkiye, CEE, MENA and diaspora communities.(startinturkiye.gov.tr)

As of November 2025, 212 is still an active investor, with 44 portfolio companies and 2 new investments in the last 12 months.(Tracxn)

Focus & stage:

  • Stage: Mostly Series A and beyond, sometimes late seed if PMF is clear.(investorhunt.co)
  • Sectors: B2B tech, SaaS, marketplaces, vertical software—companies that can scale globally.(startinturkiye.gov.tr)

Why they're powerful:

  • Co-authors of the KPMG Turkish Startup Investments Review, meaning they sit at the center of ecosystem data and dealflow.(KPMG Assets)
  • Reputation for helping companies expand abroad, not just domestically.

When 212 is a great fit:

  • You've already found PMF (clear customer segment, repeat sales, meaningful ARR).
  • You want a partner who has seen the "Turkey → global" journey many times.

How to approach them:

  • Show that you're past "experiment mode" and into scaling a working model.
  • Bring a clear plan for internationalization: which markets next, and why you'll win there.

3) Collective Spark

Who they are: Collective Spark positions itself as an early-stage technology VC backing "highly driven hustlers and hackers." They invest in pre-seed, seed and Series A with initial tickets of $500K–$1M, and can go up to $5M including follow-ons.(Collective Spark)

They have offices in Istanbul, Berlin, London and New York, giving portfolio founders an international network from day one.(Capboard)

Focus & stage:

Value-add:

  • They highlight a team of operational experts in marketing, growth, tech and recruiting that support founders as needed.(startinturkiye.gov.tr)

When Collective Spark is a great fit:

  • You're pre-seed/seed, with a prototype/MVP and some early signs of traction.
  • You want a hands-on early partner and future Series A check, not just a small angel.

How to approach them:

  • Put your founder–market fit and hustle front and center.
  • Show early metrics (activation, retention, waitlist, pilots) and a sharp thesis about why your category is ripe for disruption now.

4) Boğaziçi Ventures

Who they are: Boğaziçi Ventures manages multiple VC funds such as BV Growth and BV Growth I, investing in technology-oriented startups, particularly in Türkiye and surrounding regions.(startinturkiye.gov.tr)

  • BV Growth GSYF has a fund size of 459M TL, formed specifically to invest in gaming startups.(inveo.com.tr)
  • BV Growth I targets high-growth tech companies, especially in AI, fintech, gaming, software, digital health.(startinturkiye.gov.tr)

Focus & stage:

  • Stage: Seed to growth (check size depends on fund).
  • Sectors: Tech with emphasis on gaming, AI, fintech, software, and digital health.(startinturkiye.gov.tr)

Why they're interesting:

  • They're a sector-savvy player in areas where Turkey has real edge (gaming, fintech, mobile).
  • They provide not just capital but also business networks and strategic advice.(vestbee.com)

When Boğaziçi Ventures is a great fit:

  • You're in gaming, fintech, AI, or digital consumer products with strong growth potential.
  • You need a Turkey-based partner with sector expertise and local + regional networks.

How to approach them:

  • Highlight engagement and monetization metrics (LTV, retention, in-app revenue, ARPU).
  • Show your path from Turkish user base to regional or global scaling.

5) TechOne Venture Capital

Who they are: TechOne VC is an Istanbul-based "Smart Capital" fund investing in seed and early-stage technology startups that aspire to become global players through tech advantages and disruptive models.(techone.vc)

As of May 2025, TechOne had invested in 32 companies, primarily in Seed rounds of Turkey-based startups, per Tracxn data.(Tracxn)

Focus & stage:

  • Stage: Seed, early-stage.
  • Geography: Strong bias for Turkey-based startups.
  • Sector: Broad tech—SaaS, marketplaces, B2B, consumer, etc., with global potential.(techone.vc)

Why founders like them:

TechOne highlights that it offers strategic expertise, connections, guidance and operational support on top of capital, and was described as "the most active VC firm in Turkey" in terms of deal count in 2021 (11 new investments and 4 follow-ons in that year).(Metis Ventures)

When TechOne is a great fit:

  • You're seed-stage with a working product and some traction.
  • You want a very active local VC that cares about operational help and network.

How to approach them:

  • Show that your unit economics and GTM are starting to work in Turkey.
  • Be ready to talk about how you'll evolve from seed-stage chaos into a scalable machine.

6) Diffusion Capital Partners (DCP)

Who they are: Diffusion Capital Partners brands itself as Turkey's leading VC fund manager for deep-tech / frontier-technology opportunities.(DCP-Live)

Their funds include:

  • Diffusion Capital Fund (DCF) – a pre-seed/seed technology transfer and VC fund, co-financed by the EU and academic institutions.(DCP-Live)
  • DCP-II – a second deep-tech fund targeting technology-intensive startups with global potential.(DCP-Live)

They focus on deep-tech startups tackling complex problems using advanced science and technology, often in interdisciplinary domains.(DCP-Live)

Focus & stage:

  • Stage: Pre-seed, seed, early Series A for deep tech.(DCP-Live)
  • Sector: Deep tech—frontier materials, hardware, AI/ML core tech, sensors, medtech devices, etc.

When DCP is a great fit:

  • You're spinning out of a university or research lab, or doing serious technology R&D.
  • Your biggest risk is technical + commercialization, not just GTM.

How to approach them:

  • Come with a scientific story that's clear even to a smart, non-specialist IC.
  • Show a path from research → productization and customers, including IP position and regulatory considerations if relevant.

7) StartersHub

Who they are: StartersHub started as an accelerator and has fully evolved into an Istanbul-based early-stage VC. It describes itself as a fund that backs, mainly but not exclusively, Turkey & CEE founders who "disrupt the system for good."(StartersHub)

Between 2015 and 2019, StartersHub invested over $4M into 65 startups via its accelerator programs. It has since closed down standalone acceleration programs and continues as an early-stage tech investment fund.(StartersHub)

Focus & stage:

  • Stage: Early-stage (first or second institutional check).(OpenVC)
  • Sector: Sector-agnostic tech with an eye towards systemic change and strong teams.

Why founders choose them:

  • They emphasize helping with go-to-market and scaling decisions, not just writing a check.(OpenVC)
  • Deep ties in Istanbul's tech ecosystem and regional networks.

When StartersHub is a great fit:

  • You're pre-seed or seed with a product and some customers or pilots.
  • You value being part of a tight, local founder community with "ex-accelerator" DNA.

How to approach them:

  • Underscore your mission + commercial model (impact and revenue).
  • Clarify what you need help with: GTM design, intros, hiring, or fundraising.

3. Five quick tips for pitching Turkey investors in 2025

1) Show your "Türkiye → X" roadmap clearly

Don't just say "we will go global." Spell it out:

  • Year 1–2: dominate Turkey in a specific niche (SMEs, logistics, consumer, etc.)
  • Year 3+: expand to MENA / CEE / EU with clear entry paths (partnerships, vertical focus).

Funds like Revo, 212, Collective Spark and others explicitly say they back Turkish-rooted companies with global potential—you want to slam-dunk that narrative.(Revo)

2) Lead with proof, not slogans

Turkey's ecosystem is more mature now; most VCs have seen hundreds of decks. Lead with:

  • Traction: revenue, GMV, active users, retention curves.
  • Economics: gross margin, CAC/payback, NRR where applicable.
  • Deep tech: prototypes, test data, pilot results, IP position.

You'll stand out by treating your seed deck like a mini data room, not a fluffy vision doc.

3) Make capital efficiency part of your story

Turkey-based founders often operate with less capital than Silicon Valley peers—and investors know this is your superpower.

Highlight:

  • How you've shipped on a lean budget.
  • How far this round takes you (concrete milestones, not vibes).
  • Where capital goes: team, R&D, go-to-market.

4) Be explicit about regulatory, FX, and talent realities

Smart Turkey-focused investors are already thinking about:

  • Currency risk / FX exposure
  • Regulation (fintech, gaming, data, etc.)
  • Remote or hybrid teams (TR + EU or TR + US)

If you pre-empt these with a clean plan, you sound like someone who can actually steer a company through the next 5–10 years.

5) Run a tight process, not endless "quick coffees"

Treat fundraising like sales:

  • Build a shortlist of ~20–30 relevant funds (the 7 above + a few others like Alesta, Esas, ACT, etc.).(pitchdrive.com)
  • Warm intros where possible; batch meetings.
  • Keep a simple CRM of who's at what stage (first call, partner, IC, term sheet).

The way you run your raise is a live demo of how you'll run GTM and partnerships.

Why professional data rooms matter for Turkish startup fundraising

Turkish startups need to present complex documentation—financial projections, regulatory compliance, partnership agreements, and market expansion plans—professionally to build investor confidence.

Peony helps Turkish startups create investor-ready data rooms with AI-powered organization that sets up in minutes instead of weeks.

Key benefits: page-level analytics show which documents investors review most, enterprise security protects sensitive information, and transparent pricing at $40/user/month—93-99% cheaper than legacy platforms charging $5,000-20,000 per deal.

Conclusion

Raising in Turkey in 2025 requires matching your stage, category, and Turkey story to the right investors. The investors on this list are actively deploying capital, but they're selective. Bring traction data, capital efficiency, and a clear "Turkey → global" roadmap—not just vision.

Having a professional data room is table stakes for serious fundraising. Peony helps Turkish startups organize investor materials, track engagement, and securely share sensitive data at a fraction of legacy platform costs.

Ready to pitch Turkish investors? Set up your investor data room with Peony in minutes, not weeks.

Q&A Section

What's the best way to organize investor materials for Turkish startup fundraising?

Peony offers AI-powered document organization that automatically structures financials, regulatory filings, and partnership agreements into a professional data room in minutes. Page-level analytics show which documents investors review most, helping you anticipate questions.

How can I track which investors are most engaged with my Turkish startup pitch?

Peony provides page-level analytics showing which documents investors review and how much time they spend on each section. This helps identify serious investors and tailor follow-up conversations with actionable insights.

What's the most cost-effective data room solution for Turkish startups raising seed or Series A?

Peony offers transparent pricing at $40/user/month—93-99% cheaper than legacy platforms charging $5,000-20,000 per deal. For a 5-person team, Peony costs $200/month vs $3,000-5,000+ for legacy platforms, delivering enterprise features at startup-friendly pricing.

How do I securely share sensitive financial and regulatory information with Turkish investors?

Peony provides enterprise-grade security with identity-bound access, dynamic watermarking, and screenshot protection. With link expiry and instant access revocation, you maintain complete control over sensitive documentation.

What data room features are essential for Turkish startups pitching to investors?

Turkish startups need data rooms that handle complex documentation: financials, regulatory compliance, partnership agreements, and market expansion plans. Peony offers AI-powered organization, page-level analytics, custom branding, and comprehensive security. With 10-minute setup vs weeks for legacy platforms, Peony helps Turkish startups look professional without breaking the budget.

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