Participated · Equity · Sep 2025

Goldtag operates a blockchain-based digital precious-metals platform integrated into major Turkish payment platforms and its own mobile app, allowing users to invest in gold from 1 lira and to accumulate in units like gram and traditional Turkish coin sizes. The platform is integrated with Paycell, MoneyPay, Hepsipay, Papara, AhlPay and PeP and enables users to liquidate holdings at current rates and transfer TL to their bank accounts 24/7. Goldtag reports 2.2 million active users and conducts more than 1 million transactions per month. The company also offers social features for gifting and digital events and is developing physical vending machines to let users withdraw the metals they own. CEO Dolunay Sabuncuoğlu says the firm is rolling out tokenization infrastructure to broaden access to alternative assets in a regulation-compliant way. Planned asset expansions include tokenized agricultural commodities (wheat, barley, corn), energy products (oil, natural gas, electricity), metals (copper, aluminum, iron) and solar power plants.

Participated · Seed · Mar 2023

Turan is a next-generation finance application built as a neobank for Turkic states, focusing on cross-border money transfers. The service launched transfers with Azerbaijan and now supports Azerbaijan, Kazakhstan, TRNC, Kyrgyzstan and Uzbekistan. The company reports more than 300,000 customers, a transaction volume approaching 500 million, and over 70,000 card users. Turan has opened offices in Azerbaijan and Uzbekistan as it expands its regional footprint. The founder, Özgür Bayraktar, says the company aims to become the largest finance app in Central Asia. Turan emphasizes deepening strategic partnerships with infrastructure providers such as United Payment to support its growth. Turan has developed a digital money-transfer app enabling transfers among Turkic States including Türkiye, Azerbaijan, Uzbekistan, Kyrgyzstan, Kazakhstan and Turkmenistan. The startup aims to reach roughly 170 million people with customised products and financial services tailored to the Turkic States. In 2023 Turan plans to implement its model in Uzbekistan after earlier rolling it out in Azerbaijan. The company works closely with diplomatic agencies, including the Organisation of Turkic States, to promote regional cooperation. Turan received seed funding of $1 million to strengthen its regional presence and support planned office openings in Azerbaijan and Uzbekistan.

Participated · Equity · Apr 2022

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.