Technology Development Foundation of Turkey
Cyberpark B Blok Kat: 5-6, Bilkent, Ankara, 06800, Turkey
Overview
Having supported Research and Development and Technological Innovation projects in the private sector since 1991, the Technology Development Foundation of Turkey (TTGV) has proven to be a successful example to all of Europe as an innovative and dynamic intermediary. Intermediaries were mentioned in the EU Lisbon Communiqué as being necessary for conveying public support for R&D in the private sector. As one of the providers of one of the many bridges felt every passing day between the legislation in line with the national goals of the public and private sector, the TTGV helps maintain the existence of a transparent, observable and effective mechanism that provides opportunities for participation in the private sector through the management of public funds. Soft loans and compulsory company contributions, which make up the main principles behind TTGV’s support, have provided important benefits to Turkey’s R&D capacity thus far through the “multiplier effect” by promoting an increased contribution of public funds to R&D expenses in the private sector. TTGV is evaluating the expectations, needs and priorities of the private sector and the public, by developing new support mechanisms suited towards the changing conditions and circumstances of Turkey. TTGV employs those mechanisms. Today, TTGV is a sought out partner, both inside and outside of Turkey, in the field of technological innovation.
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 0
Sector focus
- Non Profit
Investment portfolio
- Mindsite
Participated · Equity · Jan 2026
Founded in 2019, Mindsite provides infrastructure that aggregates data from more than 500 retailers across 20+ countries, turning those insights into actionable recommendations for e-commerce teams. Its toolkit already includes Masterdata Agent, Growth Agent and Review Sentiment Analysis, and the company is now building a new AI agent designed to automate decision-making and execute actions in the field. Enterprise customers such as Colgate, Unilever, Arçelik, Watsons, Migros and Eczacıbaşı use the platform to monitor and manage digital shelf operations. Mindsite currently operates offices in the United Kingdom and Indonesia and intends to open new locations in Malaysia, Australia, the United Arab Emirates, Saudi Arabia and Brazil. The team also plans to pursue strategic acquisitions to expand its product capabilities and regional reach. With the latest capital injection, the company will continue scaling its global organization and accelerate development of AI-agent-based products.
- Fazla Gıda
Participated · Equity · Jun 2023
Fazla raised USD6m in funding at a valuation of USD43m. Backers included Technology Development Foundation of Turkey (TTGV), Turkey Development Fund, Founder One and angel investors under the leadership of Esor Investments Holding GmbH and 212. The company said it will use the funds to continue to expand operations, grow its business reach globally, and support development efforts. Founded in 2016 by Olcay Silahlı and Arda Eren and based in Istanbul, Fazla provides technology-based holistic waste management solutions to prevent waste generation at the source and ensure recycling into a circular economy. It offers solutions to stakeholders across the supply chain, including manufacturers, distributors, retailers, the food and beverage industry and individual consumers. Fazla emphasizes delivering the highest environmental, social and economic benefits through waste reduction and management. Fazla Gida is an Istanbul-based foodtech startup operating a centralized cloud platform to help food companies manage unsold inventories and maximize returns via resale, donations, animal-feed reuse, or recycling. The company analyzes and classifies surplus using the Food Recovery Hierarchy model and cross-references classified surplus with ecosystem partners—secondary sales, animal-feed and biogas players—with end-to-end traceability. It works with multinational clients including Migros, Metro, Nestle, Pepsi and Danone. Founded in 2017, Fazla Gida was recognized by Techstars and the Metro Accelerator Berlin program and is one of nine global organizations to receive direct UN support via its development programme. Operational metrics reported include saving over 19,000 tons of food, preventing more than 62,000 tons of carbon emissions, and completing more than 70,000 transactions on its platform. Financially, including today’s €2.5 million funding round the firm has accumulated just over €3.4 million in total funding.
- Hipporello
Participated · Seed · May 2023
Hipporello is a no-code application builder that lets teams rapidly create Trello Power-Ups to handle business processes and service-desk workflows without leaving Trello. The platform targets SMBs and aims to enable Trello users to become citizen developers who can automate and accelerate operations such as recruiting and request processing. The company says its product is used in 105 countries, with the highest proportion of users in the US. Hipporello emphasizes allowing companies to receive information and communicate with stakeholders directly from Trello while increasing efficiency through automation. The startup plans to invest its new capital into marketing and sales to strengthen its market position. Mustafa Şener is the founder and CEO.
- WASK INC
Participated · Equity · Mar 2023
Wask is an Istanbul-based digital marketing tool that enables advertisers to control campaigns across Facebook, Google, YouTube and Instagram from a single platform. Its AI-supported software monitors customer visits and provides automatic outputs to increase campaign efficiency. The company is preparing to launch the third version of its marketing software. Wask reports over 6,000 subscribers across more than 120 countries, including the United States, Canada, the UK, Germany, France, Argentina and Spain. Since its investment round last year the company says it has increased revenue fourfold and expanded its team to 32 people. The $2.4 million raise is aimed at enhancing its marketing software as it scales globally.
Team
No current team members are available.