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The Venture Codex

Albaraka Portföy Yönetimi

Saray Mahallesi Dr. Adnan Büyükdeniz Caddesi No:6 Kat:10, Ümraniye, Istanbul, 34768, Turkey

Overview

APY Ventures is a venture capital firm focused on early-stage technology startups.

Total investments
3
Lead investments
2
Investments · 12mo
1
Active investors
1
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Investment portfolio

  • Bucked Games

    Led · Equity · Nov 2025

    Founded in 2021 within Bahçeşehir University’s BUGLab TEKMER and now operating under the StartGate TEKMER ecosystem, Bucked Games merges game technology with education to create interactive learning experiences for kids. The studio has launched more than 20 mobile titles to date, reaching millions of users globally. Its educational games are used in over 300 schools and have impacted more than 100,000 students. Bucked Games’ content is designed to make learning fun while maintaining pedagogical accuracy, fostering a sustainable learning model. With its newest funding, the company plans to expand into international markets, broaden its product portfolio, and embed artificial intelligence to deliver personalized, dynamic game scenarios for each user. By integrating AI, Bucked Games aims to heighten interactivity and tailor educational content to individual learners’ needs.

  • Fimple

    Participated · Series A · Feb 2025

    Fimple operates from London and Istanbul, delivering a cloud-native, composable core banking system built on an API-first architecture. Its platform lets banks and fintechs rapidly create and scale offerings such as digital lending and Banking-as-a-Service. The company has recently opened commercial offices in Dubai and Riyadh to support a growing customer base in the MENA region. Management plans to use newly secured capital to accelerate international expansion, particularly in GCC countries, and to advance product development and regulatory compliance. Financially, Fimple closed a $12 million Series A round in February 2025 and has now raised an additional $10 million. These successive raises underscore investor confidence in its technology and market traction, though no specific revenue or user metrics were disclosed. Ongoing investment will help strengthen its product suite while positioning the firm for further geographic growth.

  • Lokum Games

    Led · Equity · Jan 2024

    Lokum Games is a game developer recognized for its Zula and Zula Mobile titles. The company is developing a new Mobile MMO FPS that it says aims to meet international standards. Lokum plans to use the new funding to expand in global markets, leveraging experience from Turkey and the MENA region. CEO and cofounder Genco Alp said the team will begin a Beta Launch in 2024 Q1 with a strong launch plan. The announcement highlights investor confidence in the team’s long track record in the gaming sector. Lokum has secured a 33 million TL investment to support these plans.

Team

  • Mustafa Keçeli

    Head of Venture Capital Funds

    LinkedIn