Boğaziçi Ventures
Sarphan Finans Park Site B Block No:5BA, Ümraniye, Istanbul, Istanbul, Turkey
Overview
Boğaziçi Ventures is a leading alternative investment firm focused on establishing and managing funds that invest in technology companies across various verticals and geographies. The partners and team at Boğaziçi Ventures have made investment decisions in over a hundred technology companies to date. They actively participate in these ventures, offering mentorship and transferring know-how to entrepreneurs, guiding them towards international success.
- Total investments
- 12
- Lead investments
- 6
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Asset Management
- Financial Services
- FinTech
- Gaming
- Hedge Funds
- Impact Investing
- Retail Technology
- Venture Capital
Investment portfolio
- Lucida AI
Participated · Seed · Jun 2026
Lucida AI develops a speech-model-driven language learning platform that provides real-time analysis of pronunciation, grammar and fluency and retains past interaction data to generate personalized study plans. In roughly nine months the platform surpassed 3 million users and has processed billions of minutes of voice data. User geography is concentrated in Europe (45%) and the U.S. (44%), with the remaining 11% in Latin America and Asia. The company emphasizes replacing text-focused learning with voice and visual dialogue to enable fluent real-world communication. Following the $5.4 million financing, Lucida AI gains venture partners that aim to provide commercial market experience and strategic support. The company is positioned to pursue broader global expansion with assistance from investors' regional connections.
- Kavaken
Participated · Seed · Jul 2024
Kavaken offers AI-powered SaaS tools for the renewable energy sector that measure and analyze asset metrics, optimize maintenance operations, and improve production forecasts. Its platform supports predictive maintenance to prevent faults and performs sectoral analyses to compliant standards without relying on complex Excel files or SCADA screens. The company emphasizes monitoring and optimizing maintenance workflows to boost asset output and reliability. Founded by Bora Tokyay and Murat Yilmaz, Kavaken targets energy companies seeking automated analytics and operational efficiency. The business plans to use new capital to expand its presence across the UK and European markets and to advance product development. The article does not disclose revenue or user metrics.
- Hiwell
Participated · Equity · Jul 2024
Hiwell operates an online therapy platform that digitizes traditional therapy, enabling clients to access psychological support without geographic limits while emphasizing privacy and ethical standards. The company tightly vets therapists—acceptance rates are around 5%—by verifying master's degrees with official institutions in relevant countries and conducting comprehensive interviews to assess competence and professional ethics. Hiwell provided free psychological support and therapy to more than 400 people affected by the February earthquakes. The company reports it has reached hundreds of thousands of people across eight countries. Financially, Hiwell completed a $3.5 million pre-Series A investment at a $28.5 million valuation and had previously raised $1.6 million in pre-seed and seed rounds. Investors in the latest round included returning backers and new institutional and angel participants.
- Mukellef | a Workhy Company
Participated · Series A · Jun 2024
Founded in 2019, Mükellef Teknoloji offers a comprehensive suite of digital accounting, tax and regulatory tools that span company formation, e-invoicing, e-ledger, pre-accounting software, tax management, virtual office services, trademark registration, online bank account opening and payment solutions. Its flagship Mükellef app focuses on company formation and management in Türkiye, while the Workhy brand helps founders incorporate and manage companies in the United States, United Kingdom and several European markets. The company also operates Robom, an AI-powered pre-accounting product that handles e-invoicing, e-signatures and financial reporting. In June 2024 the startup was valued at US$20 million during a prior funding event. Mükellef generates revenue by providing subscription-based access to its digital back-office and compliance services, facilitating easier financial operations for micro-enterprises and SMEs. With the latest capital infusion, management plans to scale its existing digital accounting offerings and build new tax-tech products tailored for the U.S. and U.K. markets. CEO and co-founder Kenan Açıkelli stated that the funds will accelerate product development and international expansion.
- Enhencer
Led · Equity · Apr 2024
Enhencer offers an AI-driven SaaS platform that provides ad analytics and advertising solutions for e-commerce companies across channels such as Facebook and Google. Founded in 2020 by Olcay Ozturk and based in San Francisco, the platform serves about 1,000 e-commerce customers in 45 countries. Its core product focuses on optimizing advertising performance and returns on ad spend through analytics and AI. The company says it will use the new funding to fuel its mission to revolutionize AI-driven advertising. The article does not disclose revenue or profitability metrics. Enhencer positions itself to empower businesses of all sizes with intelligent and efficient advertising tools.
Team
Baris Ozistek
Founding Partner
LinkedIn