# OYAK

> OYAK is a VC fund in Kurtulus backing Software and FinTech. See 6 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Kurtulus, Turkey
- Total investments: 6
- Last investment: Jan 2023
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/oyak
- X (Twitter): https://twitter.com/oyakcimento
- Website: http://www.oyak.com.tr/

OYAK is a Turkish pension fund with over 350,000 members and approximately $20 Billion USD in assets as of 2022. The OYAK Holding Investment Subsidiary Group is one of the largest industrial and investment groups in Turkey. The group was the former owner of ING Oyak Bank (sold to ING Bank in 2007) and the Oypa supermarket chain. The group co-ownsOyak-Renault, a car manufacturer, and steel producer Erdemir. They boast a wide range of successful investments across Europe, the Middle East and globally.

## Contacts

5 contacts available for OYAK. Shizune tracks 2 team members at OYAK. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/oyak?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$3.5M |
| Series A | $11M–$15M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 50% |
| FinTech | 2 | 33% |
| Financial Services | 2 | 33% |
| Information Technology | 2 | 33% |
| Mobile | 1 | 17% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 50% |
| Series A | 2 | 33% |
| Funding Round | 1 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 3 | 50% |
| Australia | 1 | 17% |
| United States | 1 | 17% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Emre Timurkan | Member of the Executive Committee | 0 | https://shizune.co/investors/profile/emre-timurkan-e0f2 |
| Süleyman Savaş Erdem | CEO | 0 | https://shizune.co/investors/profile/s%C3%BCleyman-sava%C5%9F-erdem |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ikas | Lightning fast storefronts. Great features out-of-the-box. Sell everywhere. | $3M |  | Jan 18, 2023 |  |
| Figopara | Figopara is a solution that discounts companies' e-invoices before their due dates with the offers received by financial institutions. It provides secure information to the financial companies that the customer is associated with and wants to reach by providing them with printed invoice information.​ | $11M | Series A | Oct 13, 2022 |  |
| Workhy | Mukellef is an online platform that allows entrepreneurs to manage company formation and financial processes. | $1M | Seed | Apr 20, 2022 |  |
| Mükellef | Mükellef is a fintech company that provides financial services, digital transformation, and accounting services. | $1M | Seed | Apr 20, 2022 |  |
| ikas | Lightning fast storefronts. Great features out-of-the-box. Sell everywhere. | $3.5M | Seed | Apr 12, 2022 |  |
| IDVerse - An OCR Labs Company | OCR Labs enables next generation frictionless experiences in onboarding and information processing across multiple channels with our development services and tools such as our groundbreaking Optical Character Recognition for identity documents and advanced Facial Recognition technology.OCR Labs is a Digital ID business, providing frictionlesscustomer on-boarding, data security and protection against fraud across multiple channels.OCR Labs’ patented technology and accredited biometric solution offers a fast and frictionless digital identity verification - saving businesses millions in fraud loss. Our technology uses Optical Character Recognition for verifying identity documents and Advanced Facial Matching Technology using liveness detection and biometric digital verification. The proprietary technology has been adopted by organisations both in highly-regulated industries such as banking, finance, insurance and government bodies as well as commercial entities including telco, ecommerce and real estate.Since launching in 2018, OCR Labs is now viewed as a world leader in the digital ID verification space. Headquartered in Sydney, Australia, OCR Labs have developed a global footprint, opening a second office based in London, UK. Find out more about how OCR Labs can protect customers and organisations against the increasing risk of fraud and identity theft whilst providing frictionless customer onboarding for access to in-person and digital services at OCRLabs.com. | $15M | Series A | Jun 15, 2021 |  |

6 of 6 investments shown.

## Co-investors
- [Finberg](https://shizune.co/investors/profile/finberg) — VC Fund, 5 deals together
- [Colendi](https://shizune.co/investors/profile/colendi) — VC Fund, 2 deals together
- [RePie Asset Management](https://shizune.co/investors/profile/re-pie-asset-management) — VC Fund, 2 deals together
- [Revo Capital](https://shizune.co/investors/profile/revo-capital) — VC Fund, 2 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [Beresford Ventures](https://shizune.co/investors/profile/beresford-ventures) — VC Fund, 1 deal together

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## FAQ

### What does OYAK invest in?

OYAK invests primarily in Software, FinTech and Financial Services startups, most often at Seed and Series A 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.

### What is OYAK's check size?

OYAK typically joins rounds of $1M–$3.5M at Seed and $11M–$15M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds OYAK participates in.

### How do I contact OYAK?

Public channels for OYAK include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at OYAK?

The team at OYAK includes Emre Timurkan (Member of the Executive Committee) and Süleyman Savaş Erdem (CEO). The Team section lists each member with their title, investment count and links.

### 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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