Revo Capital has successfully announced the first close of its third fund, raising $86M towards a goal of $100M. This fund aims to support Turkish startups in various sectors, particularly fintech, B2B SaaS, cybersecurity, and healthtech. With a focus on empowering engineer-founded companies, the fund seeks to provide operational support alongside growth capital for promising Series A and B technology startups.
Key Points
- Revo Capital Fund III has secured $86 million of a targeted $100 million.
- The fund will continue its emphasis on fintech while adding B2B SaaS, cybersecurity, healthtech, energy, and gaming to its focus areas.
- Investments will range from $5 million for Series A rounds, with total exposure per company potentially reaching $10 million.
- A new “Seed Pocket” allows investments of $250,000 to $500,000 in early-stage companies.
- Key backers include IFC, KfW DEG, and EBRD, along with notable Turkish finance institution participation.
Why should I read this?
If you’re keeping an eye on the Turkish startup scene or the wider tech investment landscape, this is big news! Revo Capital’s new fund opens up exciting opportunities for emerging tech firms in Turkey. The emphasis on areas like healthtech and cybersecurity makes it particularly relevant, as these sectors continue to grow globally. Plus, it’s a perfect snapshot of where venture capital is headed in the region.