It has been over eight months since I moved to Istanbul from New York. My initial goal was to start an incubation program to help first-time entrepreneurs and early stage technology companies. Program was going to be similar to Y-Combinator model in USA. However after spending some time in Istanbul, meeting key players, and some extensive networking, I decided to initiate an Early Stage Venture Capital Fund. That’s how Ali Karabey and I decided to establish 212 Venture Capital.
212 Venture Capital fund will not only invest in startups but at the same time will continue to mentor and advise portfolio companies after the investments. Our goal is to work side by side with entrepreneurs to keep the momentum and become enablers for their growth. Our investment targets will be mostly early stage companies and some late stage businesses that can use our value-added services.
We will be working together with main players in the market such as incubation centers, Teknokents (technology parks in Turkey), Universities, R&D centers and angel networks. Our goal is to expand the eco-system and bring new startups to market together where they can generate successful businesses. Our strong core team and broad network provide global reach to portfolio companies.
We are very optimistic about Turkish market and believe the timing is right. Currently we are at funding stage and looking for investors around the globe. If you would like to receive further information about the market or become investor, please feel free to contact me.