At 212, our goal is to back bold, early-stage tech companies across Turkey, CEE, and MENA. Currently, we manage €86M of committed capital and have 19 active investments. Our strategy is to advance B2B tech solutions with demonstrated traction, a precise product-market fit, and founders who are ready and eager to scale internationally.
‘Test Local, Go Global’ is 212’s guiding principle. That means we’re eager to invest in individuals and communities, with an eye of going global. Our boutique venture capital firm has deeply rooted global networks that help expand and guide entrepreneurs with challenges, whatever those challenges are and may be. Our ‘212 Growth Partner’ program encapsulates this. It is an initiative that provides value-added services to our portfolio companies.
All of this has helped us to create +$2B in value over the past decade. That includes Iyzico’s successful exit in 2019, with a USD $168 million valuation. Insider is another 212 portfolio company that has made a tremendous difference. A Sequoia-backed company with a female founder, it recently closed another investment round with a USD $1.2B valuation – making it the first B2B unicorn to come out of Turkey. To date, Fund II has invested in 16 remarkable companies: 123 Form Builder, App Samurai, Artboard Studio, Avatao, Bolt Insight, Chooch, Fazla Gida, MallIQ, Marti, Meddy, Metrobi, OMMA, SmartMessage, Trio Mobil and Wellbees. In August 2020, we ended with a fund size of €49M. And we’re not done. 212 is currently fundraising for Fund III, a target size of €70M.