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The Venture Codex

Angel Effect

Kuruçeşme Mahallesi, Kuruçeşme Cd. No:41, Arnavutköy, Beşiktaş, Istanbul, 34345, Turkey

Overview

We are a team of successful entrepreneurs, corporate leaders and people who know the impact of creating value together. Together, we invest in high-impact, early-stage companies led by amazing teams with global mindset all over the world.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
6

Sector focus

  • Consulting
  • Education
  • Financial Services
  • Information Technology
  • Internet
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Investment portfolio

  • ULive

    Participated · Equity · Jun 2022

    ULive began as a group training studio and now operates a digital fitness app that offers livestream classes across boot camp, pilates, stretching, dance, cycling and mobility, plus an on-demand library. The platform employs more than 22 in-house instructors and lets users create customized programs from recorded workouts. The app reports 75,000 active users, including more than 35,000 users across 16 countries, and monthly revenue grew to over $10,000 within the last 12 months with an average monthly growth rate of 30%. With new funding the company has rebranded to Urban Active and plans to expand into the U.S., including acquiring a physical studio and moving its headquarters to the U.S. Founder and CEO Ahmet Berkman has set a goal of reaching 50,000 paid subscribers within the next 12 months.

  • The Hub21

    Participated · Seed · May 2022

    Hub21 Learning delivers personalized, hybrid (online and in‑person) education for 7–17 year olds with courses in coding, game development, creative technology, 3D design, augmented reality and web3. Its curriculum progresses from block‑based Scratch to higher‑level languages such as Python, C++ and JavaScript, and includes game creation (Construct3) with pathways to Unity and VR. The company also runs targeted initiatives (Hub21forGirls) and reports a 60% female employment rate, aiming to close gender gaps in STEM. Hub21 operates an international instructor network across five countries and a core team of four nationalities. It has grown to more than 500 students from over 10 countries and earns roughly 30% of its revenue from outside Turkey. Following a completed pre‑seed raise, the team plans to expand into the UK market.

  • UserGuiding

    Participated · Seed · Aug 2020

    UserGuiding provides a no-code solution to improve product adoption through interactive user onboarding flows such as walkthroughs, tours and tutorial popups. Its platform includes analytics to track the performance of onboarding content and to help create personalized user experiences. The company targets web applications that need to demonstrate value quickly and improve user onboarding rates without engineering effort. Founded by Osman Koc and Muhammet Enginar, UserGuiding emphasizes ease of use and product-led growth. The startup plans to use new funding to accelerate global expansion, enhance product development capabilities and hire talent to grow its core team. Financially, the company completed a $1.1M seed round to support these initiatives.

Team