This week, Türkiye venture capital firm Revo Capital announced plans to raise a $100 million fund to invest in regional startups.
Türkiye’s largest VC, Revo Capital, has previously backed two tech unicorns — food delivery company Getir and software design platform Builder.ai.
Yesterday, the company announced it led co-investment in global e-sim travel startup Roamless with Paribu Ventures.
The $100 million fund will be Revo’s third and will focus on AI, energy, gaming, and B2B software.
Managing Director Cenk Bayrakdar told Bloomberg:
“We only invest in global companies or in companies that have global business.
Foreign investors don’t prioritise Turkey-only businesses.”
Bayrakdar shared that the fund will aim for a first close of between $50 and $60 million in March, and targets $100 million, with a cap at $150 million.
Lead image: Revo Capital. Photo: uncredited.
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