# Elif Altug

> Elif Altug is a seed investor at Turkey Development Fund backing SaaS and Software. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Turkey Development Fund](https://shizune.co/investors/profile/turkey-development-fund)
- Total investments: 6
- Last investment: May 2026
- Lead investor: 17%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/elifaltug/?originalSubdomain=tr

Elif Altug is a seed investor at Turkey Development Fund focused on SaaS and Software. Elif Emirli Altug is the CEO & Board Member of Turkey Development Fund. She previously worked at Gray Portfolio Management as an executive vice president. Elif Emirli Altug attended Bogazici University.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 2 | 33% |
| Software | 2 | 33% |
| Analytics | 2 | 33% |
| Machine Learning | 2 | 33% |
| Information Technology | 2 | 33% |

25 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 83% |
| Series B | 1 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 3 | 50% |
| United States | 3 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hardal | Centralize your first-party data and connect it from any source to any destination for a better performance. | $1.6M | Seed | May 11, 2026 |  |
| Rnv.ai | RNV Analytics provides AI and ML driven solutions for inventory allocation problem of retail companies. With algorithmics recommendation, their customers decide which product should be located in which sales points both online and offline. | $1.1M | Seed | Nov 28, 2024 |  |
| robolaunch | robolaunch is released by multi-domain engineers who develop better integrated, interoperable and scalable cloud robotics platform. robolaunch is a RaaS(Robotics as a Service) product that offers users to design, develop, simulate, train, deploy and orchestrate own ROS/ROS2 based robots at planet scale!Main robolaunch features are, - RobotMarketplace with single click - Collaboration through platform IDE and VDI - Multi-Tenancy for Organizational Management - Teleoperation and Fleet Management - Hardware Acceleration(GPU, FPGA, CPU) - Central Orchestration Fleet lifecycle management - Edge Orchestration Robot lifecycle management(LCM) - Declerative and API driven operations - Multi-Cloud, Multi-Region and Multi-Robot orchestration - Connectivity Management (5G, VPN, L2/L3) - On-premise and Public Cloud Management - FCAPS for each level of platform | $1.5M | Seed | Jun 13, 2024 |  |
| Gesund | MLOps company currently focused on streamlining clinical validation of AI solutions | $1M | Seed | Aug 25, 2023 |  |
| Fazla Gıda | Fazla Gıda is a technology solutions company that prevents food waste. | $6M | Series B | Jun 07, 2023 |  |
| Simularge | Simularge is a deep-tech company pioneering AI-powered digital twins for industrial manufacturing. Our technology combines domain-specific physics models with deep learning to deliver real-time insights, process optimization, and predictive analytics for high-temperature operations such as thermoforming, injection molding, glass tempering, andmetal processing. Headquartered in Türkiye and the United States, Simularge serves global manufacturers with plug-and-play digital twin solutions that integrate directly with factory PLCs, enabling rapid deployment and ROI. Our proprietary engine captures the nuances of thermal physics, material behavior, and production dynamics to help reduce scrap, lower energy consumption, and improve overall equipment efficiency (OEE). Founded by PhDs in mechanical and computer engineering, Simularge is backed by institutional investors including SSTEK and the Turkish Development Fund, and is a portfolio company of the Alchemist Accelerator (San Francisco). Notable partners and pilot customers include Beko, Vestel, and participants of EU Horizon projects such as Siemens, Fiat, and Ford. Simularge’s mission is to transform industrial intelligence by embedding real-time decision-making into the heart of production. |  | Seed |  |  |

6 of 6 investments shown.

## Co-investors
- [Esor Investments](https://shizune.co/investors/profile/esor-investments) — VC Fund, 2 deals together
- [Founder One](https://shizune.co/investors/profile/founder-one) — VC Fund, 2 deals together
- [Invest 101](https://shizune.co/investors/profile/invest-101-bd6e) — VC Fund, 2 deals together
- [Maxis](https://shizune.co/investors/profile/maxis-19c6) — VC Fund, 2 deals together
- [Simya VC](https://shizune.co/investors/profile/simya-vc) — VC Fund, 2 deals together
- [212](https://shizune.co/investors/profile/212-capital-partners) — VC Fund, 1 deal together

## About Turkey Development Fund

VC Fund · Umraniye, Turkey

Turkey Development Fund aims to develop the enterprise ecosystem by investing in new generation startups.

3 contacts available at Turkey Development Fund.

| Name | Title | Profile |
| --- | --- | --- |
| Barış Çivici | Executive Vice President | https://shizune.co/investors/profile/bar%C4%B1%C5%9F-%C3%A7ivici |
| Elif Altug | CEO & Board Member | https://shizune.co/investors/profile/elif-emirli-altug |
| Ibrahim Oztop | CEO and Board Member | https://shizune.co/investors/profile/ibrahim-oztop |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Elif Altug invest in?

Elif Altug invests primarily in SaaS, Software and Analytics startups, most often at Seed and Series B stage. Most of the 6 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Elif Altug last invest?

The most recent investment recorded for Elif Altug closed in May 2026. Shizune tracks 6 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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