DenizBank
Büyükdere Caddesi No: 141 Esentepe, İstanbul, Şişli, 34394, Turkey
Overview
DenizBank was founded in 1938 as a state-owned bank in order to provide funding for the developing Turkish maritime sector. Acquired by Zorlu Holding from the Privatization Administration as a banking license in early 1997, DenizBank was further acquired in October 2006 by Dexia, a leading financial group in Europe. Continuing its activities under Dexia umbrella for 6 years, DenizBank operates as from 28 September 2012 under the roof of Sberbank of Russia, Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Banking
- Financial Services
Investment portfolio
- Erguvan
Participated · Seed · Aug 2023
Erguvan is an Istanbul, Turkiye-based climate-fintech that provides digital infrastructure for corporate climate action. It operates a B2B marketplace for environmental commodities (carbon credits and RECs) and offers API-based carbon accounting software to financial institutions and corporates. The company closed a seed funding round at a valuation of $7.33 million (197.9 million TRY). Backers included Emirates NBD PJSC and DenizBank A.S. (Deniz Ventures). Erguvan intends to use the funds to refine its flagship marketplace and further develop its API carbon accounting solutions. A partnership with ENBD Group is expected to bolster its international expansion and strengthen access to carbon credit and REC markets as well as data-driven carbon accounting tools for institutional clients.