# Varol Civil

> Varol Civil is a seed investor at Türk Ekonomi Bankası backing Software and Baby. See 13 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Türk Ekonomi Bankası](https://shizune.co/investors/profile/trk-ekonomi-bankas)
- Total investments: 13
- Last investment: Feb 2025
- Lead investor: 0%
- Last updated: Aug 2026

Varol Civil is a seed investor at Türk Ekonomi Bankası focused on Software and Baby. Varol Civil - General Manager @ Türk Ekonomi Bankası

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $63k–$3.6M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 15% |
| Baby | 1 | 8% |
| SaaS | 1 | 8% |
| FinTech | 1 | 8% |
| Children | 1 | 8% |

20 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 54% |
| Angel | 1 | 8% |
| Pre-Seed | 1 | 8% |
| Series A | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Turkey | 6 | 46% |
| Poland | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Replenit | replen.it revolutionizes brand-customer relationships by deploying replenishment reminder messages tailored to each customer. It fuels loyalty, boosts CLTV, and drives purchase frequency and retention. With a staggering 16.7% higher conversion rate compared to cart abandonment emails, our solution ensures your brand stays ahead in engagingcustomers effectively. |  | Pre-Seed | Feb 25, 2025 |  |
| Usersdot | Usersdot uses data science and AI solutions to improve customer experience, increase operational efficiency and maximize sales performance | $350K | Series A | Nov 02, 2023 |  |
| Usersdot | Usersdot uses data science and AI solutions to improve customer experience, increase operational efficiency and maximize sales performance | $350K | Seed | Nov 02, 2023 |  |
| KolayBi | KolayBi' is a new generation cloud based bookkeeping and financial application platform with online bank account aggregation for SMEs. People can manage accounting processes, register data, and generate reports by recording its financial records . People can also add bank accounts to the system and convert their payments into a one-clickinvoice. KolayBi' was founded on 2017 and is headquartered in Istanbul. | $1.2M | Seed | Aug 15, 2022 |  |
| Dusyeri | Dusyeri is an edutainment platform that focuses on children. | $3.7M | Seed | Mar 25, 2022 |  |
| Usersdot | Usersdot uses data science and AI solutions to improve customer experience, increase operational efficiency and maximize sales performance | $346K | Angel | Aug 25, 2021 |  |
| KolayBi | KolayBi' is a new generation cloud based bookkeeping and financial application platform with online bank account aggregation for SMEs. People can manage accounting processes, register data, and generate reports by recording its financial records . People can also add bank accounts to the system and convert their payments into a one-clickinvoice. KolayBi' was founded on 2017 and is headquartered in Istanbul. | $204.5K | Seed | Jul 01, 2020 |  |
| TutumluAnne | Tutumluanne.com is the first and the biggest C2C online marketplace in Turkey for second hand kids' goods. | $62.7K | Seed | May 15, 2020 |  |
| BiLira | BiLira is a stable cryptocurrency that offers payment systems solutions that can be used by anyone, 24/7, and anywhere. It aims to ensure the safe use of Turkish stable crypto money in the financial world in an accessible, fast and transparent manner that is accessible to everyone. With TRYB received on the BiLira platform, users can directlytransfer Turkish Lira to contracted stock exchanges, trade cryptocurrencies, or transfer them to compatible digital wallets, and evaluate their assets in various areas such as decentralized finance and NFT in the blockchain world. | $250K | Seed | Dec 02, 2019 |  |
| TutumluAnne | Tutumluanne.com is the first and the biggest C2C online marketplace in Turkey for second hand kids' goods. | $109.9K | Seed | Nov 12, 2019 |  |

10 of 13 investments shown.

## Co-investors
- [Arya Women's Investment Platform](https://shizune.co/investors/profile/arya-women-s-investment-platform) — VC Fund, 3 deals together
- [Galata Business Angels](https://shizune.co/investors/profile/galata-business-angels) — VC Fund, 3 deals together
- [QNBEYOND Ventures](https://shizune.co/investors/profile/qnbeyond-ventures) — VC Fund, 3 deals together
- [Nuwa Capital](https://shizune.co/investors/profile/nuwa-capital) — VC Fund, 2 deals together
- [UNLU & Co](https://shizune.co/investors/profile/unlu-92f8) — VC Fund, 2 deals together
- [Albaraka Fintech Fund](https://shizune.co/investors/profile/albaraka-fintech-fund) — VC Fund, 1 deal together

## About Türk Ekonomi Bankası

VC Fund · Istanbul, Turkey

Turk Ekonomi Bankasi (Turkish Economy Bank), abbreviated TEB, was founded in 1927 by private capital holders as a regional bank under the name of Kocaeli Bankasi T.A.S. in Izmit, Turkey.In 1981, the Bank was purchased by a group who changed the name of the Bank to Türk Ekonomi Bankası in 1982. The Bank has been reputed for its successfulmanagement and cautiousness since, being active in commercial and private banking.In March 2005, TEB has signed a joint venture agreement with the French BNP Paribas SA, one of the largest financial associations in the world. TEB is aggressively expanding its retail network in Turkey since and has more than 240 branches as of 2Q 2007. Mr. Varol Civil is the CEO of the bank.TEB has also two other subsidiaries outside Turkey. TEB NV (The Economy Bank) in the Netherlands, and TEB Sh.A. in Kosovo.

2 contacts available at Türk Ekonomi Bankası.

| Name | Title | Profile |
| --- | --- | --- |
| Murat Özel | Business Analytics & Inf. Management Sr. Manager | https://shizune.co/investors/profile/murat-ozel |
| Varol Civil | General Manager | https://shizune.co/investors/profile/varol-civil |

## Similar investors

### Similar industry
- [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund
- [Shima Capital](https://shizune.co/investors/profile/shima-capital) — 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 Angel Investors in Middle East](https://shizune.co/investors/angel-investors-middle-east)
- [All Angel Investors in Turkey](https://shizune.co/investors/angel-investors-turkey)
- [All Investors in Turkey](https://shizune.co/investors/investors-turkey)
- [SaaS Angel Investors in Turkey](https://shizune.co/investors/saas-angel-investors-turkey)
- [Financial Services Angel Investors in Turkey](https://shizune.co/investors/financial-services-angel-investors-turkey)
- [FinTech Angel Investors in Turkey](https://shizune.co/investors/fintech-angel-investors-turkey)

## FAQ

### What does Varol Civil invest in?

Varol Civil invests primarily in Software, Baby and SaaS startups, most often at Seed and Angel stage. Most of the 13 investments tracked by Shizune back companies in Turkey. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Varol Civil's check size?

Varol Civil typically joins rounds of $63k–$3.6M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Varol Civil participates in.

### When did Varol Civil last invest?

The most recent investment recorded for Varol Civil closed in Feb 2025. Shizune tracks 13 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.

# 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