In 2020, Tarvenn Ventures made investments in 18 startups and will continue investing in the new year.
In 2020, Tarvenn Ventures, which made a name for itself with its investments and newly established funds such as TechOne, WePlay and Twozero, shared a summary of the past year. Tarvenn, which realizes its investments with itself and the funds it manages, is an investment firm that focuses on supporting and growing entrepreneurs with its large team. The Tarvenn team, which has an investment budget of 457 Million TL with 3 new funds established in 2020, will continue to invest in early-stage global-focused technology startups.
One of the most active investment firms of 2020, Tarvenn Ventures leads investment funds totaling 457 Million TL with TechOne VC, of which it is an investor and operational partner, WePlay Ventures, established to invest in early-stage gaming startups, and Twozero Ventures, of which it is an operational partner. With the investment funds managed by Tarvenn Ventures; Yollando, Finedine, Studio Billion, Scoutium, Madcraft Studios, Medialyzer, Digime, Moovbuddy, Ekmob, Fideyo, Sertifier, Anibera, Pixa Software, Wask, Radaar, Forfarming, Gnarly Game Studio and Funmoth Games completed their investment rounds in 2020. Tarvenn, which invests in seed and early-stage startups, has successfully completed a total of 18 new investment rounds, including 8 first rounds and 10 second or third investment rounds.
Tarvenn’s portfolio is growing rapidly.
Early-stage startups in its portfolio now collectively employ over 270 people, with 88% of them successfully completing follow-on investments and significantly increasing their valuations. In 2020, these startups boosted their customer bases by 350% and grew their revenues by 380%.
Global expansion is the goal.
The startups, which continue to grow globally, aim to remain competitive in their sectors and become key players. Although many of these companies have their headquarters or teams in Turkey, 76% have also established operations abroad, primarily in the US and achieve sales in over 150 countries, with 84% of their revenue coming from foreign markets. These figures highlight the significant contribution of Turkish technology startups to the national economy.
Providing over 312 hours of monthly support per startup with a 25-member team.
Tarvenn Ventures prioritizes intelligent capital. Acting more like a team partner than a traditional investor, Tarvenn supports its portfolio companies in business development, financial planning, customer acquisition, product development, and international growth. Tarvenn Ventures’ operational VC model is among the best examples in Turkey, as its experienced team works daily to foster rapid startup growth.
Mustafa Kopuk, CEO of Tarvenn Ventures and Managing Partner of TechOne Fund, stated, “For early-stage startups, time is their most valuable asset. They need to overcome all challenges and grow quickly with limited resources. At Tarvenn, with our extensive portfolio and experienced team, we function as true team members rather than mere investors. We have seen thousands of startups and work every day to help them grow.”
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Mustafa Kopuk added, “Despite the pandemic, we had a productive year. We established new funds where we act as both investor and operational partner. We are the operational partner of TechOne VC, WePlay Ventures, and Twozero Ventures. With our diverse investment tools, we can invest in startups from pre-seed to growth stages. We will continue to expand our team and portfolio to develop Turkey’s startup ecosystem and create global success stories.”
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