# StartupFon

> StartupFon is a VC fund in Istanbul backing Software and Financial Services. See 45 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Istanbul, Turkey
- Total investments: 45
- Last investment: Mar 2025
- Lead investor: 16%
- Fund size: $10M
- Last fund: Mar 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/startup-fon/
- X (Twitter): https://twitter.com/startupfon
- Website: https://www.startupfon.com/
- Facebook: https://www.facebook.com/startupfon/

StartupFon is a VC fund in Istanbul focused on Software and Financial Services. StartupFon is the first and leading equity-based online investment platform based in Turkey and has been founded to capitalize technology-based ventures with qualified angel investors and its own venture capital fund, namely the AngelFund. Startupfon gives their members the opportunity to invest in seed / early-stage technology startups eitherthrough its venture capital AngelFund or co-invest with it independently. As a tool under Startupfon, AngelFund is a micro VC of around USD10 mn. Investors can make investments either on a deal by deal basis or they can allocate some of their budgets to AngelFund to let Startupfon invest on behalf of themselves. Startupfon has been founded by Istanbul Startup Angels (“ISA”) as its online investment platform in 2016. ISA is a leading angel investor platform accredited in 2014 discovering ambitious startups in their early-stage while mentoring them in the process. ISA also organizes angel investor academies for high net worth individuals and accelerator programs for corporates. ISA performs with 4.3x TVPI on a total of TL 10 mn investments in 27 ventures as of March 2019.

## Contacts

5 contacts available for StartupFon. Shizune tracks 3 team members at StartupFon. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/startupfon?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $500k–$5.6M |
| Pre-Seed | $50k–$4.7M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 6 | 13% |
| Financial Services | 6 | 13% |
| FinTech | 5 | 11% |
| Artificial Intelligence | 5 | 11% |
| SaaS | 4 | 9% |

82 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 26 | 58% |
| Pre-Seed | 9 | 20% |
| Angel | 4 | 9% |
| Series A | 1 | 2% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 15 | 33% |
| United States | 15 | 33% |
| Canada | 2 | 4% |
| United Kingdom | 2 | 4% |
| Germany | 1 | 2% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Demirhan Sener | Limited Partner | 5 | https://shizune.co/investors/profile/demirhan-sener-7c72 |
| Atakan Atalar | Partner | 13 | https://shizune.co/investors/profile/atakan-atalar |
| Uygar Mesudiyeli | Limited Partner | 4 | https://shizune.co/investors/profile/uygar-mesudiyeli |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PhilosopherKing | PhilosopherKing is a AI-powered games platform. | $3M | Seed | Mar 19, 2025 |  |
| MARS | MARS provides digital financial services with unique card options and rewards programs. | $2.8M | Seed | Dec 05, 2024 |  |
| Keyrails | Keyrails provides financial services through its registration with FINTRAC, offering foreign exchange dealing and money transfer services. The company integrates with Auth0 to ensure secure access and authentication across its APIs. Keyrails offers USD virtual accounts and API-powered modern financial services, primarily targeting Sub-SaharanAfrican fintechs. The platform supports on-shore, ACH-enabled, named USD accounts, facilitating seamless financial operations for emerging market fintechs. | $4.7M | Pre-Seed | Oct 22, 2024 |  |
| Lumian | Lumian Energy of Things Platform is an IoT-based hardware agnostic platform that collects and visualizes data in real time, analyses energy data with machine learning models and offers energy saving and decarbonization solutions. The Platform is designed to effortlessly integrate with third party systems, connect up to millions of devices, whilesimultaneously orchestrating them through an intuitive drag-and-drop interface. | $400K | Pre-Seed | Sep 12, 2024 |  |
| BlueLayer | BlueLayer focuses on building software stacks for project developers producing carbon credits. BlueLayer was founded in 2022. | $5.6M | Seed | Jan 30, 2024 |  |
| Jori | Jori |  | Pre-Seed | Dec 19, 2023 |  |
| Claros Farm | Claros Farm platform helps anyone to grow highly profitable and sustainable high yield fruits, vegetables, and herbs by combining , easy to install soil-less infrastructure and the use of easy-to-use vision AI software with minimal human intervention.Our platform allows farmers to maximize their yields, reduce their input costs, and optimizetheir operations for maximum efficiency. |  | Pre-Seed | Dec 01, 2023 |  |
| RUUF Turkiye | RUUF is a fintech company. RUUF's gradual ownership model provides a solution for homebuyers who can't afford to buy a home via a mortgage loan. | $760K | Pre-Seed | Dec 01, 2023 |  |
| Room Games | Room Games is a software development studio that designs storyteller pc and console games for enthusiastic users. | $50K | Pre-Seed | Oct 30, 2023 |  |
| Fortune Mine Games | Fortune Mine is a mobile social gaming company with target operating markets in North America & Oceania. Freshly founded in 2021. The company is headquartered in Istanbul; one of the major mobile gaming hubs | $2M | Seed | Jul 17, 2023 |  |

10 of 45 investments shown.

## Co-investors
- [Nexus Ventures](https://shizune.co/investors/profile/nexus-ventures) — VC Fund, 9 deals together
- [DOMiNO Ventures](https://shizune.co/investors/profile/domino-ventures) — VC Fund, 4 deals together
- [ITK Ventures](https://shizune.co/investors/profile/itk-ventures) — VC Fund, 4 deals together
- [TechOne VC](https://shizune.co/investors/profile/techone-vc) — VC Fund, 4 deals together
- [212](https://shizune.co/investors/profile/212-capital-partners) — VC Fund, 2 deals together
- [AFM Ventures](https://shizune.co/investors/profile/afm-ventures) — VC Fund, 2 deals together

## Similar investors

### Similar industry
- [BITKRAFT Ventures](https://shizune.co/investors/profile/bitkraft-ventures) — VC Fund
- [Sam Enrico Williams](https://shizune.co/investors/profile/sam-enrico-williams-d11c) — Angel Investor
- [Courtside Ventures](https://shizune.co/investors/profile/courtside-ventures) — VC Fund

### 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

### Similar country
- [Alesta Yatırım](https://shizune.co/investors/profile/alesta-girisim) — VC Fund
- [APY Ventures](https://shizune.co/investors/profile/apy-ventures) — VC Fund
- [Boğaziçi Ventures](https://shizune.co/investors/profile/bo%C4%9Fazi%C3%A7i-ventures) — VC Fund

## Featured in investor lists
- [All Investors in Turkey](https://shizune.co/investors/investors-turkey)
- [All VC Funds in Turkey](https://shizune.co/investors/vc-funds-turkey)
- [SaaS Investors in Turkey](https://shizune.co/investors/saas-investors-turkey)
- [SaaS VC Funds in Turkey](https://shizune.co/investors/saas-vc-funds-turkey)
- [Enterprise VC Funds in Turkey](https://shizune.co/investors/enterprise-vc-funds-turkey)
- [Marketplace Investors in Turkey](https://shizune.co/investors/marketplace-investors-turkey)

## FAQ

### What does StartupFon invest in?

StartupFon invests primarily in Software, Financial Services and FinTech startups, most often at Seed and Pre-Seed stage. Most of the 45 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is StartupFon's check size?

StartupFon typically joins rounds of $500k–$5.6M at Seed and $50k–$4.7M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds StartupFon participates in.

### How do I contact StartupFon?

Public channels for StartupFon 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 StartupFon?

The team at StartupFon includes Demirhan Sener (Limited Partner), Atakan Atalar (Partner) and Uygar Mesudiyeli (Limited Partner). 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.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co