# Türkiye Development Fund: portfolio, investments and team

> Türkiye Development Fund is a vc firm based in Türkiye. 37 investments on record, 9 in the last 12 months, latest Jul 2026.

Source: https://millionrounds.com/fund/turkiye-development-fund (Millionrounds; every figure on the page links to its filing or article)

Türkiye · [Investor](https://millionrounds.com/investors)

# Türkiye Development Fund

Last cheque observed Jul 2026; 37 cheques on record.

Deploying now VC firm

Seed Series A Series B Enterprise

Deploying now

**64%** of best year **9** **cheques in 12 months**, 37 on record

Since the last cheque **117** days **00** hrs **00** min **00** sec

Median round **$1.6M** Rounds led **0 of 37** Sole investor **11 rounds** Mostly in **Türkiye, 64%**

Pitch Türkiye Development Fund

## Türkiye Development Fund highlights

- 01 9 cheques in the last 12 months
- 02 Mostly Seed and Venture: 72% of its rounds
- 03 Sole investor in 11 rounds, median $3.0M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Enterprise
- **Based in:** Umraniye, Türkiye
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **37 appearances**

- **2026** 6 rounds
- **Jul** **[DefensX](https://millionrounds.com/company/defensx)** Venture · US **$13M** With 1 other
- **May** **[Hardal](https://millionrounds.com/company/hardal)** Seed · US **$1.6M** With 2 others
- **May** **[Viseur AI](https://millionrounds.com/company/viseur-ai)** Seed · TR **$350K** With 2 others
- **Feb** **[Cendra](https://millionrounds.com/company/cendra)** Seed · US · Revo Capital **$1.0M** With 3 others
- **Jan** **[Mindsite](https://millionrounds.com/company/mindsite)** TR · Finberg **$2.0M** With 10 others
- **Jan** **[Flowla](https://millionrounds.com/company/flowla)** Seed · GB **$2.5M** With 4 others
- **2025** 11 rounds
- **Dec** **[Mükellef](https://millionrounds.com/company/mukellef)** Venture · TR **Undisclosed** With 2 others
- **Dec** **[Simularge](https://millionrounds.com/company/simularge)** Grant · US **$117K** With 3 others
- **Nov** **[Onlayer](https://millionrounds.com/company/onlayer)** Series A · TR · Firms' own news pages **$8.2M** With 8 others
- **Aug** **[Nanomik Biotechnology](https://millionrounds.com/company/nanomik-biotechnology)** Grant · TR **$1.5M** With 3 others
- **May** **[DefensX](https://millionrounds.com/company/defensx)** Seed · US **$2.3M** With 1 other
- **May** **[Milvus Robotics](https://millionrounds.com/company/milvus-robotics)** Series A · TR **$5.5M** With 2 others
- **May** **[ORION TWIN](https://millionrounds.com/company/orion-twin)** Pre-seed · TR **$300K** Sole investor
- **May** **[Virasoft](https://millionrounds.com/company/virasoft)** Venture · US **Undisclosed** Sole investor
- **May** **[Idenfit](https://millionrounds.com/company/idenfit)** Venture · TR **Undisclosed** Sole investor
- **Mar** **[Viseur AI](https://millionrounds.com/company/viseur-ai)** Pre-seed · TR **$521K** With 1 other
- **Mar** **[Fazla Gƒ±da](https://millionrounds.com/company/fazla-g-da)** Venture · TR **Undisclosed** With 2 others
- **2024** 9 rounds
- **Nov** **[Rnv.ai](https://millionrounds.com/company/rnv-ai)** Seed · TR **$1.1M** With 1 other
- **Sept** **[Zaxe](https://millionrounds.com/company/zaxe)** TR **$500K** With 2 others
- **Aug** **[FenixPyre](https://millionrounds.com/company/fenixpyre)** Venture · US **$3.1M** Sole investor
- **Jul** **[LIVZYM Biotechnology](https://millionrounds.com/company/livzym-biotechnology)** Seed · TR **$11M** Sole investor
- **Jul** **[Webee](https://millionrounds.com/company/webee)** Venture · TR **$300K** Sole investor
- **Jun** **[Delivers.AI](https://millionrounds.com/company/delivers-ai)** Seed · GB **$3.0M** Sole investor
- **Mar** **[Adatech Engineering](https://millionrounds.com/company/adatech-engineering)** Series A · TR **$10M** Sole investor
- **Feb** **[Gesund](https://millionrounds.com/company/gesund)** Venture · US **Undisclosed** With 1 other
- **Jan** **[Eatron Technologies](https://millionrounds.com/company/eatron-technologies)** Series A · GB · MMC Ventures **Undisclosed** With 3 others
- **2023** 9 rounds
- **Nov** **[Odeal](https://millionrounds.com/company/odeal)** Venture · TR **$6.0M** Sole investor
- **Oct** **[GetResidency](https://millionrounds.com/company/getresidency)** Debt · TR **$538K** Sole investor
- **Sept** **[Zaxe](https://millionrounds.com/company/zaxe)** Venture · TR **$2.2M** With 1 other
- **Aug** **[Veloxia Technology](https://millionrounds.com/company/veloxia-technology)** Seed **$650K** With 1 other
- **Aug** **[Veloxia](https://millionrounds.com/company/veloxia)** Seed · TR **$950K** With 1 other
- **Jul** **[Figopara](https://millionrounds.com/company/figopara)** TR **$1.3M** With 4 others
- **Jul** **[Appsilon Enterprise](https://millionrounds.com/company/appsilon-enterprise)** NL **$1.0M** With 1 other
- **Apr** **[Beam Technology](https://millionrounds.com/company/beam-technology)** Series A · TR **$1.5M** Sole investor
- **Mar** **[Wask](https://millionrounds.com/company/wask)** Seed · TR **$2.4M** With 2 others
- **2022** 2 rounds
- **Nov** **[CYVision](https://millionrounds.com/company/cy-vision)** Venture · US **Undisclosed** With 3 others
- **Nov** **[KuartisMED](https://millionrounds.com/company/kuartismed)** Seed · TR **$1.8M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Seed Series A Series B

Median round joined **$1.6M** the round, not its cheque Alone, median **$3.0M**

Led 0 of 37 rounds **0%**

- **Sole investor:** 11 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Seed said *12*
- Venture *11*
- Series A said *5*
- Pre-seed *2*
- Grant *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [APY Ventures](https://millionrounds.com/fund/apy-ventures-2) 9
- [Maxis](https://millionrounds.com/fund/maxis) 7
- [Revo Capital](https://millionrounds.com/fund/revo-capital) 7
- [Finberg](https://millionrounds.com/fund/finberg) 3
- [500 Global](https://millionrounds.com/fund/500-startups) 2
- [EISMEA](https://millionrounds.com/fund/eismea) 2

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## Who they invest alongside

The investors most often in the same rounds as Türkiye Development Fund. A count of rooms they were both in, not a relationship either has claimed.

[**APY Ventures** VC firm **9** rounds together](https://millionrounds.com/fund/apy-ventures-2)[**Maxis** VC firm **7** rounds together](https://millionrounds.com/fund/maxis)[**Revo Capital** VC firm **7** rounds together](https://millionrounds.com/fund/revo-capital)[**Finberg** Corporate VC **3** rounds together](https://millionrounds.com/fund/finberg)[**500 Global** Angel **2** rounds together](https://millionrounds.com/fund/500-startups)[**EISMEA** Investment firm **2** rounds together](https://millionrounds.com/fund/eismea)[**Eurostars** VC firm **2** rounds together](https://millionrounds.com/fund/eurostars)[**International Finance Corporation** Government **2** rounds together](https://millionrounds.com/fund/international-finance-corporation-ifc)[**Kaya VC** VC firm **2** rounds together](https://millionrounds.com/fund/kaya-capital)[**Keiretsu Forum** Angel network **2** rounds together](https://millionrounds.com/fund/keiretsu-forum)[**Vestel Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/vestel-ventures)

## Recently backed

The latest companies Türkiye Development Fund put money into.

[**DefensX** $13M · Jul 2026](https://millionrounds.com/company/defensx)[**Hardal** $1.6M · May 2026](https://millionrounds.com/company/hardal)[**Cendra** $1.0M · Feb 2026](https://millionrounds.com/company/cendra)[**Mindsite** $2.0M · Jan 2026](https://millionrounds.com/company/mindsite)[**Flowla** $2.5M · Jan 2026](https://millionrounds.com/company/flowla)[**Onlayer** $8.2M · Nov 2025](https://millionrounds.com/company/onlayer)

## Quick answers about Türkiye Development Fund

### What does Türkiye Development Fund invest in?

Türkiye Development Fund invests most often at Seed and Venture (72% of the rounds on record), in sectors such as Enterprise.

### How active is Türkiye Development Fund?

37 investments on record, 9 of them in the last 12 months. The most recent was in Jul 2026.

### What has Türkiye Development Fund invested in recently?

Its most recent investments on record: DefensX (Venture, Jul 2026), Hardal (Seed, May 2026) and Viseur AI (Seed, May 2026).

### How big are Türkiye Development Fund's cheques?

The median round it joins is $1.6M.

### Does Türkiye Development Fund lead rounds?

Rarely, if at all: none of its 37 investments on record names it as the lead.

### Where does Türkiye Development Fund invest?

Most of the companies it backs are in Türkiye (64%), the United States (25%) and the United Kingdom (8%).

### Is Türkiye Development Fund investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

### Who does Türkiye Development Fund invest alongside?

Most often APY Ventures (9 rounds together), Maxis (7 rounds together) and Revo Capital (7 rounds together).

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