Revo VC

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Revo VC invests in truly innovative, early-stage B2B or B2C technology ventures in Turkey, Eastern Europe & Baltics.

Use: Go2Market;
Date closing: -
Amount: 1M $ - 6.0M $
Industry focus: All
Total budget: 90M $
Entity type: Venture Capital
Vertical focus: Fintech, B2B Cloud, Marketplaces, Health IT, Marketing tech, Big Data & AI
Website: http://www.revo.vc/

Status:
Open
Funding type: Equity investment;
Geographic focus: Turkey;
Public/Private: Private
Stage focus: Seed; Series A;
Applicant target: Startup;

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Overview

Revo VC is the largest VC in Turkey with $188M AUM. Investing €90M second fund in tech-driven Series A+ startups in Turkey, Eastern Europe & Baltics.

At the end of 2013 they raised their inaugural fund of $66M. In September 2021 they closed their oversubscribed second fund of €90 million. They invest in truly innovative, early-stage B2B or B2C technology ventures in Turkey, Eastern Europe and the Baltics and so far, made 31 investments and 13 successful exits to date.

Their initial ticket size is between $1 million and $6 million in post-seed to Series B rounds. Historically our average ticket size is around $2 million.

They prefer B2B software business models across Fintech, Healthtech, Insuretech, Marketplaces, Martech and Big Data & AI verticals.

They’re not limiting ourselves to specific industries, though, e.g. they’ve invested in D2C and hardware before and they are also exploring web3 – which is outside of their main scope.

Revo is a Netherlands-based fund and our capital comes from 20+ institutional investors. Their cornerstone investors include IFC (International Finance Corporation), EBRD (European Bank for Reconstruction and Development), TGIF (Turkish Growth and Innovation Fund) and DEG (the German Development Finance Institution).

Revo Capital has raised a total of $171.3M across 4 funds, their latest being Revo Capital Fund II. This fund was announced on Sep 27, 2021 and raised a total of €90M.

Portfolio: Getir, Param, Midas, Ikas.

Last updated on 2023-03-29 11:16