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Turkey Development Fund

İnkılap Mahallesi, Dr. Adnan Büyükdeniz Cd. No:10, Ümraniye, Istanbul, 34768, Turkey

Overview

Invests in new generation startups to develop the enterprise ecosystem.

Founded

2019

Deals · 12mo

6

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

The Netherlands
Turkey
United Kingdom
United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

10rounds
NAMEDATESIZE
Hardal
May 2026Participated
$2 MOther Equity
QUBITRIUM
Apr 2026Led
$3 MSeed
Cendra
Feb 2026Participated
$1 MSeed
Flowla
Jan 2026Participated
$3 MSeed
Mindsite
Jan 2026Participated
$2 MOther Equity
Onlayer
Nov 2025Participated
$8 MSeries A
robolaunch
Jun 2024Participated
$2 MOther Equity
IDENFIT
Feb 2024Participated
$2 MOther Equity
Fazla Gıda
Jun 2023Participated
$6 MOther Equity
WASK INC
Mar 2023Participated
$2 MOther Equity
Hardal
May 2026Participated
$2 MOther Equity
QUBITRIUM
Apr 2026Led
$3 MSeed
Cendra
Feb 2026Participated
$1 MSeed
Flowla
Jan 2026Participated
$3 MSeed
Mindsite
Jan 2026Participated
$2 MOther Equity
Onlayer
Nov 2025Participated
$8 MSeries A
robolaunch
Jun 2024Participated
$2 MOther Equity
IDENFIT
Feb 2024Participated
$2 MOther Equity
Fazla Gıda
Jun 2023Participated
$6 MOther Equity
WASK INC
Mar 2023Participated
$2 MOther Equity
10
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Turkey Development Fund: 10 funding rounds are recorded in the selected participation categories.All available history.
Turkey Development Fund: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed12
Series A01
Other Equity06

Monthly Deal Activity

Turkey Development Fund: 10 deals are recorded across 44 months.All available history.
Turkey Development Fund: 10 deals are recorded across 44 months. All available history
MonthDeals
Mar '231
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '262
Feb '261
Mar '260
Apr '261
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Turkey Development Fund: Enterprise Software is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Turkey Development Fund: Enterprise Software is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Enterprise Software6
Professional Services4
Data, Analytics & IT3
Marketing & Advertising3
AI & Machine Learning3
E-Commerce & Retail2
Networks, Cloud & Communication2
Hardware & Robotics2
Travel & Hospitality1
Education & Workforce1
Cybersecurity & Privacy1
Clean Energy & Sustainability1
Real Estate & Construction1
Space & Frontier Tech1
Transportation & Logistics1
Crypto & Blockchain1
Fintech1
Manufacturing1
Social & Community Platforms1

Deal Size Distribution

Turkey Development Fund: 10 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Turkey Development Fund: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M2
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Turkey Development Fund: Europe has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Turkey Development Fund: Europe has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Europe7
United States3
Turkey Development Fund: 20 co-investors are shown, with APY Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Turkey Development Fund: 20 co-investors are shown, with APY Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
APY Ventures3
Revo Capital3
Sharks&Partners3
Technology Development Foundation of Turkey3
Gelecek Etki VC2
INVEST1012
Simya VC2
2121
ACT Venture Partners1
AI Startup Factory1
Datassist1
Deniz Ventures1
DOMiNO Ventures1
Driventure1
Eksim Ventures1
ESOR Investments1
Finberg1
Founder One1
Heartfelt1
Leap Investment1

Investment Strategy

Turkey Development Fund: Led accounts for 10% and participating for 90% of round participation.All available history.
Turkey Development Fund: Led accounts for 10% and participating for 90% of round participation. All available history
CategoryDeals (count)Share (%)
Led110%
Participating990%
Turkey Development Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Turkey Development Fund: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Elif Emirli Altug, PhD, CFA