The Venture Codex

Participated · Series B · May 2026

Fasset operates a stablecoin-powered banking and payments platform that moves money across more than 50 corridors spanning Asia, Africa and the Middle East. The company serves over 1,000 small and medium-sized businesses across 125 countries and processes more than $32 billion in annualized transaction volume. It emphasizes Shariah-compliant digital banking and custody, and has built proprietary infrastructure branded as "Own Network" for stablecoin payments. Fasset has launched product partnerships such as a gold-backed neobanking card tied to tokenized assets with USDT issuer Tether. With the $51 million Series B, the firm plans to expand into new markets and develop lending and trade finance products for its SME customers. The company positions itself as part of a wave of fintechs rebuilding cross-border payments on blockchain and dollar-backed stablecoin rails.

Participated · Seed · Jun 2024

Harcy develops next‑generation building materials from waste, with an initial focus on textile‑derived insulation. Its first product, Harcy Polyester Yünü, is an eco‑friendly, cost‑advantaged thermal and acoustic insulation made from textile waste. The company is a graduate of Lonca Girişimcilik Merkezi. Harcy announced a $350,000 seed investment to support growth. The funding will be used to increase production capacity and scale sales across Turkey to meet market demand. Harcy’s 2024 goals include making Harcy Polyester Yünü a known and used product, beginning work for foreign markets, and expanding its product line with additional waste‑derived building materials.

Participated · Seed · Apr 2024

heybooster provides a marketing data and analytics platform that turns collected data into actionable projects. The company describes its heybooster 2.0 capability as gathering data and interpreting it for actionable initiatives. It is developing heybooster 3.0 to allow users to track marketing actions and continuously communicate with marketing solutions via a public API. To support these developments, heybooster announced a €770,000 investment. The round includes funding from Ak Asset Management, Starters Hub, and Arz Portföy, with follow-up investments from Lima Ventures and LEAP Investment. The fundraising was announced on LinkedIn and received multiple congratulatory comments.

Participated · Seed · Mar 2024

PhiTech operates a clinical decision-support platform called G&M (Genomik ve Dahası) that simultaneously analyzes patients’ DNA (genomic) and RNA (transcriptomic) sequencing data to produce actionable results for hospitals, genetic diagnostic laboratories and pharmaceutical companies. The platform aims to increase diagnostic yield in complex cases where DNA-only tests are insufficient, and the company reports that many previously undiagnosed patients in Turkey reached correct diagnoses using its system in the past year. PhiTech maintains its research and development center in Turkey and has offices in the United States and the Netherlands, while pursuing international patent applications for its software. With the newly raised $2.4 million, the company plans to broaden market adoption of its rare-disease solutions and finalize research programs for cancer-directed products. Founding scientific leaders include Dr. Saliha Durmuş, Prof. Dr. Tunahan Çakır and Prof. Dr. Erdoğan Sevilgen.

Led · Equity · Dec 2023

Oxodes builds hybrid position-control technology and solutions that detect quality-control and assembly errors on manufacturing lines in real time. Its high-precision systems target companies in automotive, white goods, aerospace and supplier industries to optimize operations, boost efficiency and avoid production delays. The company says its technology helps customers increase prestige and productivity while preventing time loss during manufacturing. Oxodes aims to expand its "Full Control in Production" offering to all sectors prone to human-originated errors. Founder İsmail Yiğittürk said the investment will support more comprehensive integrations toward faster, error-free production. The company completed investor meetings and expects the investment round to close shortly.