Tuesday, February 27, 2024
HomeFunding Türkiye Venture Capital Firm Revo Capital Secures $100 million in Funding

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

Revo Capital, a venture capital firm based in Turkey, secures $100 million. Two tech unicorns, Getir (food delivery service) and Builder.ai (software design platform), were formerly backed by Revo Capital. It also spearheaded Paribu Ventures' joint investment in the international e-sim travel business Roamless.

Revo Capital, a venture capital firm based in Turkey, secures $100 million. Two tech unicorns, Getir (food delivery service) and Builder.ai (software design platform), were formerly backed by Revo Capital. It also spearheaded Paribu Ventures’ joint investment in the international e-sim travel business Roamless.

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.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular