Revo Capital primarily invests at the Series A and early Series B stages, where companies are transitioning from local validation to global scale. Fund III typically makes initial investments of up to $5 million, often as a lead or co-lead investor, allowing Revo to play an active role in governance and strategic execution. At entry, Revo generally targets 5%–15% ownership and reserves meaningful follow-on capital, enabling total exposure of up to $10 million per company over its lifecycle.

This strategy directly addresses Türkiye’s most acute ecosystem bottleneck: despite strong startup formation and seed activity, only 3.4% of seed-funded startups in Türkiye raise a Series A, compared to 20% in leading European markets. Fund III is intentionally structured to close this Series A/B financing gap by leading rounds where capital scarcity is highest and impact is greatest.

In parallel, we allocated 5% of Fund III to a dedicated Seed Pocket, making $250k–$500k pre-seed and seed investments (up to $5 million in total) to build early conviction, secure pro-rata rights, and later lead the Series A. Revo prefers to be an early institutional believer, frequently investing in a company’s first institutional round, while selectively partnering with strong regional or global investors when that structure best supports long-term value creation.

Revo Capital focuses on fintech, B2B SaaS, cybersecurity and cloud operations, and health tech, with energy and gaming added as dedicated verticals under Fund III. Across all sectors, AI is treated as a horizontal enabler rather than a standalone theme. Revo prioritizes founders who use AI to fundamentally redefine products, workflows, and entire industries, and evaluates how deeply AI impacts scalability, cost structure, defensibility, and speed of execution.

While Revo is thesis-driven, it is not rigid or overly prescriptive; Revo Capital selectively invests outside its core verticals when there is exceptional founder quality, strong technical depth, and a credible path to global markets. This flexibility has historically enabled Revo to back emerging category leaders ahead of broader market consensus.

Revo Capital is Türkiye’s pioneering and largest technology-focused venture capital fund, investing in startups with Turkish founders and/or R&D teams based in Türkiye. Founded in 2013, Revo has raised over $250 million across three funds, most recently completing an $86 million first close of Fund III, which targets $100 million+ ahead of final close.

Fund III continues Revo’s decade-long mission of transforming Türkiye’s deep engineering talent into global category-leading companies, by combining hands-on operational support with growth capital at the scale-up stage. Since 2021, Revo portfolio companies have attracted $3.5 billion in follow-on investment, with 92% coming from international investors, and Revo-backed startups accounting for 54% of all venture capital raised by Turkish startups. Founders should view Revo not merely as a capital provider, but as a long-term platform partner that actively drives global scale, credibility, and access to international markets.

Revo positions itself as a long-term, hands-on partner, working closely with founders across product strategy, go-to-market execution, hiring, global expansion, and fundraising.

Internationalization is core to Revo’s strategy, with more than 70% of portfolio revenues generated internationally, typically through a “global headquarters + Turkish R&D” model that combines proximity to customers and capital with cost-efficient, high-quality engineering talent.

Beyond capital, the Revo Capital provides operational support and platform services designed to help teams scale faster and more efficiently, including in-house recruiting support, access to trusted growth and marketing partners, and technology partnerships that reduce costs and accelerate execution. Revo also actively supports business development and fundraising, leveraging its broad corporate and investor network to open commercial opportunities and connect founders with leading global investors. This integrated, founder-first approach is central to how Revo helps portfolio companies scale internationally and build enduring category leaders.

Revo Capital is one of the few globally oriented VC funds backed by leading Development Finance Institutions, including IFC, KfW-DEG, EBRD, and EIF.

Fund III is anchored by IFC, KfW-DEG and EBRD as returning investors, each of whom increased their commitments, underscoring strong conviction in Revo’s strategy and execution. The broader LP base also includes the Türkiye Development Fund, six corporate venture capital funds (including Finberg, Eksim Ventures, Inveo Ventures, and Yıldız Ventures), as well as family offices, high-net-worth individuals, and exited founders.

This diversified and highly institutional LP base reinforces Revo’s long-term investment horizon, global credibility, and capacity to support portfolio companies through multiple growth cycles.

Founders can share information about their startups by submitting the startup application form on Revo Capital’s website or by emailing info@revo.vc with a pitch deck and a brief founder introduction.

For partnerships, general inquiries, or follow-ups, Revo Capital can always be reached at info@revo.vc.

To stay up to date with portfolio news and insights, founders and partners can follow Revo Capital on LinkedIn and subscribe to the our monthly newsletter.