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The Venture Codex

Overview

Venture capital firm focused on early-stage technology startups.

Deals · 12mo

10

Stage focus

Seed

Geographic focus

Turkey
United Kingdom
United States

Sector focus

—

Investment portfolio

28rounds
NAMEDATESIZE
Circle Games
Sep 2026Participated
$25 MSeries A
EELI Technology
Jul 2026Led
$2 MSeed
Mindtail
May 2026Led
$2 MSeed
Cendra
Feb 2026Participated
$1 MSeed
Flowla
Jan 2026Participated
$3 MSeed
Buluttan
Dec 2025Participated
$1 MOther Equity
Rownd Precision
Dec 2025Led
$0.60 MOther Equity
Gardiyan
Dec 2025Led
$2 MOther Equity
SuperGears Games
Nov 2025Participated
$2 MSeed
Upsonic
Oct 2025Participated
$1 MOther Equity
Treasy
Aug 2025Led
$1 MOther Equity
Mamosis
Aug 2025Led
$0.12 MOther Equity
Circle Games
Sep 2026Participated
$25 MSeries A
EELI Technology
Jul 2026Led
$2 MSeed
Mindtail
May 2026Led
$2 MSeed
Cendra
Feb 2026Participated
$1 MSeed
Flowla
Jan 2026Participated
$3 MSeed
Buluttan
Dec 2025Participated
$1 MOther Equity
Rownd Precision
Dec 2025Led
$0.60 MOther Equity
Gardiyan
Dec 2025Led
$2 MOther Equity
SuperGears Games
Nov 2025Participated
$2 MSeed
Upsonic
Oct 2025Participated
$1 MOther Equity
Treasy
Aug 2025Led
$1 MOther Equity
Mamosis
Aug 2025Led
$0.12 MOther Equity
28
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Insights

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Deal Distribution

APY Ventures: 28 funding rounds are recorded in the selected participation categories.All available history.
APY Ventures: 28 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed25
Series A12
Other Equity108

Monthly Deal Activity

APY Ventures: 28 deals are recorded across 59 months.All available history.
APY Ventures: 28 deals are recorded across 59 months. All available history
MonthDeals
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '233
Jan '241
Feb '242
Mar '242
Apr '240
May '240
Jun '241
Jul '240
Aug '241
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '252
Sep '250
Oct '251
Nov '251
Dec '253
Jan '261
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '261
Oct '260

Sector Breakdown

APY Ventures: Enterprise Software is the largest displayed sector by deal count (9 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

APY Ventures: Enterprise Software is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Enterprise Software9
AI & Machine Learning6
Networks, Cloud & Communication5
Marketing & Advertising5
E-Commerce & Retail4
Data, Analytics & IT4
Fintech4
Gaming & eSports4
Manufacturing3
Professional Services3
Education & Workforce2
Clean Energy & Sustainability2
Health & Life Sciences2
Social & Community Platforms2
Travel & Hospitality1
Government & Defense1
Cybersecurity & Privacy1
Real Estate & Construction1
Space & Frontier Tech1
Transportation & Logistics1
Hardware & Robotics1
Media & Entertainment1

Deal Size Distribution

APY Ventures: 28 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

APY Ventures: 28 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M26
$5M-$10M0
$10M-$25M1
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

APY Ventures: Europe has the largest recorded deal count among the displayed regions (18 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

APY Ventures: Europe has the largest recorded deal count among the displayed regions (18 deals). All available history
RegionDeals
Europe18
United States10
APY Ventures: 20 co-investors are shown, with KT Portfey sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

APY Ventures: Led accounts for 46% and participating for 54% of round participation.All available history.
APY Ventures: Led accounts for 46% and participating for 54% of round participation. All available history
CategoryDeals (count)Share (%)
Led1346%
Participating1554%
APY Ventures: Single-lead accounts for 77% and co-led for 23% of lead dynamics.All available history.
APY Ventures: Single-lead accounts for 77% and co-led for 23% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1077%
Co-led323%

Team

Mustafa Keçeli

Head of Venture Capital Funds