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The Venture Codex

Tekfen Ventures

200 Vesey Street, 24th Floor, New York, NY, 10281, United States

Overview

Tekfen Ventures invests in early-stage companies that have uniquely impactful technologies and business models we believe will change the world. Our primary investment focus is in industrial and enterprise software and hardware technologies. As the corporate venture arm of Tekfen Holdings, a multinational industrial conglomerate, they leverage their unique assets and resources to be a true partner and strategic ally to their portfolio companies.

Total investments
11
Lead investments
0
Investments · 12mo
0
Active investors
4

Sector focus

  • Advanced Materials
  • Agriculture
  • Building Material
  • Construction
  • Energy Efficiency
  • Industrial
  • Industrial Manufacturing
  • Real Estate
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Investment portfolio

  • Laverock Therapeutics

    Participated · Seed · Sep 2023

    Laverock Therapeutics develops a programmable gene-control platform to create disease-responsive advanced therapies. The platform has been demonstrated across multiple therapeutic applications and cell types, including programmed T‑cell and macrophage therapies for solid tumors and hypoimmunogenic pancreatic islet cell programs targeting Type 1 diabetes. The company plans to scale its platform within T‑cell therapies using single-cell technologies, AI approaches, and patient-derived models to improve efficacy and safety in solid tumors. It also aims to expand its macrophage-based programs into non-oncology indications through consortium-driven development. Laverock is advancing toward clinical development of its lead programme and is using recent non-dilutive grant funding to strengthen both platform capability and pipeline expansion. Recent non-dilutive awards include over £2.2 million in the latest grants and a prior £1.8 million from UK Research and Innovation programmes.

  • Tropic Biosciences

    Participated · Equity · Jul 2022

    Tropic Biosciences develops gene-edited tropical crops via its proprietary GEiGS® platform, concentrating on banana and rice varieties designed for higher yields, increased disease resistance, and improved sustainability. In 2025 the company launched the first new banana varieties in more than 75 years, including a non-browning banana named one of TIME Magazine’s Best Inventions of 2025 and an extended shelf-life variety that increases green life by 12 days and can reduce waste by up to 50 percent. Tropic has made progress toward resistance to Panama Disease TR4 and shipped plants in 2025 to establish a mother plantation intended to support commercial deployment beginning in 2027. Demand for its new banana varieties has already surpassed supply, and the company has cited significant revenue growth as it scales. Tropic plans to expand its research across its rice portfolio and pursue additional high-impact, climate-resilient crops to address global food security and sustainability challenges.

  • Mosaic

    Participated · Series B · Nov 2021

    Mosaic Building Group is a construction tech startup that acts as a tech-enabled general contractor for production-scale residential development projects. Its software digitizes standard construction plans and automates the construction planning process to shorten build times, cut costs, reduce materials waste and improve construction quality. Mosaic has partnered with home builder Mandalay Homes to create an instant pipeline to deploy its technology. To date the company has completed 160 homes, has 195 under construction, and plans to build 400 homes over the next two years, with a residential development project pipeline worth more than $500M. Founded in 2015 and based in Phoenix, Arizona, Mosaic currently employs about 70 people and intends to double headcount by the end of 2022 while expanding outside Arizona by the end of next year. After the $44M Series B its total funding stands at $68.75M and the company aims to free developers to focus on land acquisition, sales, marketing and architecture by vertically integrating construction operations with its technology stack. Mosaic is a Phoenix-based proptech startup founded in 2015 that automates the construction planning process. Its software digitizes standard construction plans and identifies the best way for homes to be built onsite using the same materials, workers and procedures as traditional builders, with a focus on field operations. The platform aims to shorten build times, cut costs, reduce material waste and improve construction quality for homebuilders. Mosaic employed about 40 people and says its contracted, committed and cumulative revenue grew from $2 million at the start of 2019 to over $100 million today. That revenue growth is driven in part by a $100 million partnership with Arizona homebuilder Mandalay Homes, which commits to at least 400 homes over 24 months and has become Mosaic’s largest customer. The deal also assigns nearly 80 Mandalay workers to Mosaic, boosting its general contracting and construction capabilities.

  • Soft Robotics

    Participated · Series B · Jun 2021

    Soft Robotics is a Bedford, Massachusetts–based company that develops compliant soft robotic grippers and an AI/computer vision platform for handling fragile and variably sized items, particularly in food production. Its core product, the mGripAI system, combines 3D vision with soft gripping hardware to pick up meat, produce, and other inconsistently sized foodstuffs. The company has emphasized food production as a major go-to-market strategy and has seen increased demand as soft robotics grippers have become more in vogue. Soft Robotics reported that pandemic-related dynamics helped produce the four largest sales quarters in its eight-year history. The firm announced a $26 million Series C to accelerate deployment of its mGripAI system. The round was led by Tyson Ventures, with Marel and Johnsonville joining as new investors. Previously, Soft Robotics raised a $23 million Series B and a $10 million extension in June of last year. Soft Robotics develops soft, pneumatic-powered robotic grippers combined with 3D perception and AI to allow robots to handle fragile and variable food products. Its technology augments widely available industrial robots with hand-eye coordination for tasks typically done by human workers. The company targets food-supply-chain use cases such as agriculture, food processing and logistics, where product variability and unstructured environments challenge traditional robots. Demand for its automation solutions has risen during the COVID-19 pandemic amid labor shortages and concerns about disease transmission. Tyson Foods is an existing customer and Tyson Ventures has joined the investor list. Founded in 2013 and based in New England, the company has raised roughly $58 million to date after the latest extension. Soft Robotics designs soft-material end-effectors (grippers) that allow robots to more easily grip varied objects without the precise tolerances and complex programming required by traditional industrial claws. The company has established relationships with large global clients and the article notes it likely isn’t hurting for revenue. Product efforts include the mGrip gripper and an integrated system tied to FANUC’s Mini‑P controller for easy use with FANUC robots. The new capital will fund growth initiatives to increase gripper variability and expand applications in food packaging, consumer goods, e‑commerce and logistics. Soft Robotics plans to target automation of returns processing in e‑commerce, a highlighted pain point. The company has previously raised $20M in 2018 and $5M in 2015, each described as oversubscribed rounds. Soft Robotics develops soft, air-filled robotic grippers made from rubbery materials that are more compliant than traditional robotic hands. Its grippers reduce the need for extensive pre-programming and on-board vision by adapting to a variety of objects. The company has primarily served the food industry, handling delicate products like produce and pizza dough, and counts Just Born Quality Confections (makers of Peeps) as a customer. It has also demonstrated a low-cost, AI-driven warehouse system to retrieve products from bins and fulfill retail orders with minimal oversight. Soft Robotics announced a $20 million funding round to expand operations, following a $5 million Series A in late 2015. The company plans to use the new capital to push further into food and beverage categories and to grow its presence in retail, logistics, and warehouse fulfillment. Soft Robotics has developed novel, proprietary soft-robotic technology for manipulation and material handling, capable of handling fresh produce, electronic components, consumer goods, clothing and other objects without tool changes or software modifications. The company was founded in 2013 out of the Whitesides Research Group at Harvard University and is led by CEO Carl Vause. It brought its technology to market in June 2015 and is deploying solutions with industry partners and end users across consumer products, advanced manufacturing and food handling. Soft Robotics is headquartered in Cambridge, MA. The company intends to use recently raised funds to grow commercial deployment of its technology and to support continued product development. No operating metrics (revenue or users) were disclosed in the article.

  • Avvir

    Participated · Equity · Mar 2021

    Avvir is a New York-based startup founded in 2017 by CEO Raffi Holzer and CTO Tira Odhner that uses laser scans and AI to catch construction mistakes and monitor progress. Its platform monitors construction progress for budget and schedule overruns by having customers send fabrication models and deploying mobile lasers that can scan up to 30 square kilometers per hour, even while construction is ongoing. Custom computer vision algorithms compare photographs and scans with building plans to identify errors and delays—Avvir says it can detect issues like unlevel floors to one-eighth inch of accuracy. The software can refresh bills of materials with site scans, automatically push updates to models, render color visualizations of percent completion, and map actual progress against schedules. Avvir has 18 full-time employees and has grown ARR from $300,000 to $1.4 million with roughly 12 customers and partners, including Boston Dynamics, and expects $4.4 million by 2022. The company plans to expand its workforce and improve its technology platform as it aims to become a construction information platform that structures field data and enables clients to act within Avvir or other tools. Avvir provides an automated construction platform that leverages computer vision to compare laser scans and photographs to building information models (BIM) and automatically update them, producing a digital twin. The digital twin is used for construction monitoring during projects and as a platform for building management after completion. The platform aims to eliminate manual data entry by syncing building plans to built reality. The company is led by CEO and co‑founder Raffi Holzer and is based in New York, NY. Avvir is piloting its system with large firms including Facebook, ExxonMobil and Goldman Sachs, as well as the NYC EDC. The company plans to expand its offerings into facility management, improve algorithm accuracy and turnaround time, and build a progress monitoring tool to automatically update construction schedules.

Team