Türkiye Development Fund

Overview

Established in 2020, the Türkiye Development Fund is a Turkish government initiative aimed at fostering strategic investments and supporting startups within the country. The fund operates as a 'fund of funds,' committing to venture capital, growth capital, and private equity funds that invest in technology and growth-oriented businesses contributing to Turkey's development. With a fund size of 50 million USD, it focuses on investments ranging from 250,000 to 5 million USD. The fund's investment strategy encompasses various stages, including Seed, Series A, Series B, Series C, Series D, Series E, and Series F and above. Geographically, it concentrates on Turkey, with a particular emphasis on sectors such as Technology, FinTech, Sustainability, and Manufacturing. As of October 2024, the fund has invested in multiple companies and funds, reflecting its active role in enhancing Turkey's entrepreneurial ecosystem. The Türkiye Development Fund is managed by the Investment Office of Turkey, operating under the Ministry of Industry and Technology. Its mission is to strengthen the country's venture capital landscape by supporting high-potential startups and fostering innovation, thereby contributing to Turkey's economic growth and global competitiveness.

Investment Focus

• Technology-focused startups with high growth potential
• Companies operating in Turkey
• Investments must contribute to Turkey's development
• Focus on technology and growth-oriented businesses
• Commitments to venture capital, growth capital, and private equity funds

Portfolio Companies