[Funding alert] Türkiye Venture Capital Firm Revo Capital Secures $100 million in Funding

Read also - Warsaw-based Quesma Secures €2.1 Million in Pre-Seed Funding

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.”

According to Bayrakdar, the fund aims to raise $100 million, with a limit of $150 million, and will target a first close of between $50 and $60 million in March.

Read also - London-based Vitt Secures €1 Million in Funding

About Revo Capital

In Turkey, Revo Capital are the biggest VC. They raised $66 million for their first fund at the end of 2013. They closed their €90 million second fund, which was oversubscribed, in September 2021.

Read also - Prague-based ServiceNow Acquires 100% stake in Robert Šamánek’s Czech Company UltimateSuite

They have made 31 investments and 13 successful exits to date, focusing on highly unique, early-stage B2B or B2C digital enterprises in Turkey, Eastern Europe, and the Baltics.