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The Venture Codex

Collective Spark

No 2 Asmali Mescit Mah. Yemenici Abdullatif Sok., Istanbul, Halicioğlu, 34445, Turkey

Overview

Collective Spark is a venture capital fund focusing on early-stage technology ventures. They aims to back and elevate highly driven hustlers and hackers who want to build scalable, disruptive businesses. They consider ourselves partners for the long term, and define Collective Spark as an Operational VC where ventures get access to top specialized talent and hands-on shared resources in distinct areas critical to their success.

Total investments
15
Lead investments
4
Investments · 12mo
0
Active investors
4

Sector focus

  • Information Technology
  • Venture Capital
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Investment portfolio

  • Invent Analytics

    Participated · Series B · May 2024

    Invent Analytics provides AI-powered SaaS solutions for retail planning, including demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing. The company helps retailers maximize profits by applying AI decisioning to granular planning across the supply chain. Launched in 2013, Invent Analytics has offices in the US and serves more than 50 leading global retail chains, including Men's Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC. It plans to use the newly raised funds to enhance its AI platform, continue product innovation, strengthen strategic partnerships, and expand its team of retail experts. The business recently closed a $17 million Series B, signaling investor confidence in its tech-driven approach to inventory optimization and omnichannel planning. Investors include supply chain-focused LFX Venture Partners alongside existing backers European Bank for Reconstruction and Development and Collective Spark. Invent Analytics provides retail planning solutions that use AI-based advanced analytics and a financial profit optimization model to improve omni-aware demand forecasting, allocation, replenishment, and markdown capabilities. The company is led by Founder and CEO Prof. Gurhan Kok and employs a team of 140 data scientists and engineers. Its technology has been adopted by leading retailers across the US, Europe, the Middle East, and Asia. Invent Analytics focuses on AI-powered retail supply chain solutions for omni-channel retail. The company plans to use new capital to accelerate growth in North America and Western Europe and to continue investing in its AI-enabled product development.

  • Heltia

    Participated · Seed · Nov 2023

    Salus provides a comprehensive, personalised mental health platform positioned as the only product of its kind in its region. It uses a science-backed, measurable approach designed to persuade employers to invest in employee mental health by demonstrating a clear return on investment and improving well-being at scale. The company aims to make preventive mental health services affordable and accessible. Salus is also exploring expansion into nutrition and physical health services to broaden its care offering. Currently operating in Türkiye, the company plans to expand across the Middle East and Eastern Europe. Financially, Salus closed a $4.7M Seed round (bringing total fundraising to over $5.5M since inception) and will use the capital to strengthen its clinical network, invest in technology and user experience, and scale B2B business development.

  • Cenoa

    Participated · Seed · Feb 2023

    Cenoa is a Singapore-based borderless wallet that provides access to dollar-based digital products, enabling users to buy digital dollars and earn high yield. Its core product is a wallet designed to help users protect savings and build wealth, particularly in emerging markets with unstable currencies. The company leverages technologies such as blockchain to provide one-click access to the digital dollar ecosystem for everyday users. Cenoa intends to expand beyond its core product and enter new markets across Latin America, Africa, Southeast Asia, and Europe. It plans to use recent seed funding to grow operations and hire across product, engineering and other business functions for its fully remote global team. Cenoa raised US$7M in Seed financing led by Quiet Capital and Underscore VC, with participation from Human Capital, Ulu Ventures, Acrew Capital and Collective Spark.

  • Spotawheel

    Participated · Equity · Apr 2022

    Founded in Athens in 2016, Spotawheel provides a tech-enabled marketplace where consumers can either subscribe to or buy inspected used cars. Its proprietary platform delivers personalised vehicle recommendations, aiming to give drivers a flexible alternative to traditional ownership at a time of rising car prices. The company currently operates in Greece, Poland, and Romania and plans to expand to additional European markets. Spotawheel intends to use fresh capital to grow its subscription fleet and broaden geographic coverage. To date, it has secured €410 million in equity and debt financing. Previous backers include VentureFriends and Velocity Partners, while the latest round added new European investors alongside a sizable debt facility from Pollen Street Capital. The firm positions itself as a cost-effective, customer-centric mobility solution seeking to bridge financing gaps in the used-car sector.

  • Yolda

    Participated · Equity · Dec 2021

    Yolda is a freight-tech company that coordinates less-than-truckload (LTL) shipments by aggregating freight from multiple shippers to maximize cargo space and reduce costs and emissions. The startup has recorded consistent monthly growth of over 25% and has completed roughly 8,000 trips and more than 30,000 shipments. Since its April 2020 inception, Yolda has raised a total of $8 million. The company plans to allocate the majority of its new $5 million bridge funding to enter the German market. Management says it will continue investing in its technology roadmap, prioritizing location-based services, improved algorithmic load/vehicle matching, and dynamic pricing. Yolda aims to become a data- and product-oriented company as it expands abroad. Yolda.com operates a digital freight-forwarding platform that matches freight shipments with available independent carriers and consolidates LTL loads to maximize truck capacity. The platform manages end-to-end logistics for B2B partners, offering shipment creation, tracking via a control panel, and detailed reporting. Yolda.com has partnered with more than 50 logistics companies and thousands of individual carriers in Turkey, serves over 400 corporate and SME customers, and completed more than 15,000 shipments in its first year. Founded in 2020 in Istanbul, the company differentiates by reducing customers’ costs and carbon footprint through load consolidation and sharing-economy dynamics. After a year focused on Turkey, Yolda.com plans to expand into the broader European market and invest in in-house technology to increase automation and operational efficiency. yolda is a Turkish digital logistics operator that provides a marketplace service offering partial shipment services to businesses. It automates transportation processes and digitizes logistics operations to connect companies with carriers. Customers can track shipments via the company’s intelligent control panel and measure logistics performance with detailed reporting services. The company provides logistics services from Istanbul to 80 provinces and 922 districts. yolda was co-founded by Volkan Özkan and C. Murad Özsert. The startup raised $830K in seed funding and plans to use the proceeds to expand its team and increase automation and operational efficiency.

Team

  • Atil Erken

    General Partner

    LinkedIn
  • Sila Celik

    Venture Partner

  • Gorkem Oktay

    General Partner

    LinkedIn
  • Umut Gokbayrak

    Technology & Product Advisor

    LinkedIn