# Turkey Development Fund

> Turkey Development Fund is a VC fund backing Software. See 168 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Umraniye, Turkey
- Total investments: 168
- Last investment: May 2026
- Lead investor: 67%
- Last fund: Dec 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/t%C3%BCrkiye-kalk%C4%B1nma-fonu/
- Website: https://www.turkiyekalkinmafonu.com.tr/

Turkey Development Fund is a VC fund in Umraniye focused on Software and Artificial Intelligence. Turkey Development Fund aims to develop the enterprise ecosystem by investing in new generation startups.

## Contacts

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

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 27 | 16% |
| Artificial Intelligence | 27 | 16% |
| Manufacturing | 24 | 14% |
| Biotechnology | 21 | 13% |
| Consulting | 17 | 10% |

163 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 106 | 63% |
| Seed | 11 | 7% |
| Series A | 9 | 5% |
| Funding Round | 4 | 2% |
| Venture - Series Unknown | 2 | 1% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 117 | 70% |
| United States | 5 | 3% |
| United Kingdom | 3 | 2% |
| The Netherlands | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Barış Çivici | Executive Vice President | 0 | https://shizune.co/investors/profile/bar%C4%B1%C5%9F-%C3%A7ivici |
| Elif Altug | CEO & Board Member | 6 | https://shizune.co/investors/profile/elif-emirli-altug |
| Ibrahim Oztop | CEO and Board Member | 1 | https://shizune.co/investors/profile/ibrahim-oztop |

## 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 |  |
| Cendra | Cendra is a platform for action-oriented AI agents that automate conversations and operations in the built world. | $1M | Seed | Feb 05, 2026 |  |
| Flowla | Flowla offers collaborative digital sales rooms for sellers & buyers, with a powerful layer of AI and advanced automation built in.It automates your entire mid-funnel: from the very first call, to onboarding & renewals, with a human always in the loop & in control.When AI agents are in action, they: - Auto-generate business cases,mutual action plans, and handoff notes - Identify economic buyers in the deal room & ping your team to multithread - Auto draft relevant follow-up emails when buyers go dark - Sync every single contact and activity to CRM.The aim is to drive your deals forward with perfect execution, every single time, with no tedious manual work on your team. All while giving your buyers a beautiful, organized deal room that unites everything they need, from the first call to go-live. | $2.5M | Seed | Jan 27, 2026 |  |
| Mindsite | Mindsite enables eCommerce professionals to boost their online sales by tracking and analyzing eCommerce fundamentals such as product availability, price&promo strategy, product content and brand visibility. | $2M |  | Jan 14, 2026 |  |
| Qubitrium | Qubitrium develops advanced quantum technologies on the verge of the second quantum revolution. | $2.6M | Seed | Dec 21, 2025 |  |
| Mükellef | Mükellef is a fintech company that provides financial services, digital transformation, and accounting services. |  | Venture - Series Unknown | Dec 16, 2025 |  |
| Onlayer | Detect, monitor and remediate data breach and compliance risks of your company and your merchants. | $8.2M | Series A | Nov 19, 2025 |  |
| Dengage | Dengage is a Customer Experience Data Platform (CXDP) with built-in CDP powered by full marketing automation capabilities. |  | Series A | Sep 03, 2025 |  |
| Nanomik Biotechnology | Nanomik Biotechnology produces next generation biofungicides that increase the shelf life of fresh fruits and vegetables. Antimicrobial raw materials produced by microorganisms isolated from nature and active molecules obtained from plants are placed in micro-sized biopolymer capsules and applied to fruits. These completely natural microcapsulesadhere to the fruit and open within 24-48 hours and provide protection on the surface. While the biopolymer material forms an edible layer on the fruit, the ingredients in it prevent the growth of molds present in the medium. Unlike chemical fungicides, our products do not cause any harm to human and environment. | $1.2M | Series A | Jul 05, 2025 |  |
| Idenfit | Cloud based human resources software and workforce management. Idenfit online human resources and workforce management software brings a holistic approach to human resources functions and it helps you to review and manage hr processes all in one place. Idenfit is cloud based HR software for SMEs as well as international companies that have outgrownspreadsheets. We automate many of the most tedious HR functions and create time for you to do meaningful work. Whether you’re an employee trying to request time-off or an HR manager looking forward to grow and develop your company’s workforce, Idenfit is your all-in-one HR management solution. |  | Venture - Series Unknown | May 30, 2025 |  |

10 of 168 investments shown.

## Co-investors
- [APY Ventures](https://shizune.co/investors/profile/apy-ventures) — VC Fund, 8 deals together
- [Technology & Innovation Fund](https://shizune.co/investors/profile/technology-innovation-fund) — VC Fund, 7 deals together
- [Maxis](https://shizune.co/investors/profile/maxis-19c6) — VC Fund, 6 deals together
- [Invest 101](https://shizune.co/investors/profile/invest-101-bd6e) — VC Fund, 5 deals together
- [TT Ventures](https://shizune.co/investors/profile/tt-ventures) — VC Fund, 5 deals together
- [Turkiye Teknoloji Gelistirme Vakfi](https://shizune.co/investors/profile/turkiye-teknoloji-gelistirme-vakfi) — VC Fund, 5 deals together

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## FAQ

### What does Turkey Development Fund invest in?

Turkey Development Fund invests primarily in Software, Artificial Intelligence and Manufacturing startups, most often at Pre-Seed and Seed stage. Most of the 168 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Turkey Development Fund?

Public channels for Turkey Development Fund include LinkedIn 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 Turkey Development Fund?

The team at Turkey Development Fund includes Barış Çivici (Executive Vice President), Elif Altug (CEO & Board Member) and Ibrahim Oztop (CEO and Board Member). 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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