Top 10 Travel VC (Venture Capital) Funds in Turkey in September 2025

Last updated: Sep 2025 A list of 10 VC (Venture Capital) funds that invest in Travel startups based in Turkey. We rank investors based on the number of investments they made in Travel companies from Turkey. We update this investor list every month.

Top 10 Travel VC (Venture Capital) Funds in Turkey in September 2025

Investor	Travel Turkey investments
Earlybird Venture Capital	3
Aslanoba Capital	2
Elixir Capital Management	1
The Ahmed Revocable Trust	1
Angel Effect	1
TÜBİTAK	1
Technology & Innovation Fund	1
HOWZAT Partners	1
European Bank for Reconstruction and Development	1
Diffusion Capital Partners	1

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Investor list

Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. With EUR 2 billion under management,eight IPOs and 30 trade sales, Earlybird is one of the most established and active venture capital firms in Europe.

Investment focus

Software, Information Technology, Health Care
Series A, Seed, Series B
Germany, United States, United Kingdom

Portfolio highlights

TopK — TopK features native support for both vector search and keyword search in a single, unified system. With its powerful query expression language, TopK enables you to build reliable search applications (semantic search, RAG, multi-modal, you name it) without juggling multiple databases or services. Our unified retrieval engine will evolve tosupport document transformation, query understanding (parse metadata filters from user query), and adaptive ranking (provide more relevant results by sending “relevance feedback” back to TopK) under one roof.
Arago — Arago is an AI and computer hardware company developing an energy-efficient AI chip powered by light, and its associated software.
Portal Biotech — Portal has created next generation solutions that address the significant opportunities in protein sequencing and metabolomics

Aslanoba Capital is an early stage investor in tech startups in Turkey and the US. The company invests in startups pursuing disruptive ideas in areas such as marketplaces, e-commerce, mobile, classifieds, content, and SaaS with a consideration of investment between $0.25 million and $2 million.Aslanoba was founded in 2013 and is based inIstanbul, Turkey.

Investment focus

E-Commerce, Internet, Software
Seed, Series A, Series B
Turkey, United States, Ireland

Portfolio highlights

Colendi — Credibility and microcredit platform
CARD.com — Fully featured bank account with optional overdraft protection and round up savings account. Get your paycheck up to 2 days earlier.
Modacruz — Modacruz is a mobile social marketplace, serving more than 1 million women in Turkey, enabling women to buy and sell pre-owned brand name fashion items. Users can sign up to the platform to either find and purchase products or to sell their own. Modacruz was launched in 2014 and is headquartered in Istanbul

Elixir Capital is a private equity fund manager that invests in small to medium companies in emerging markets that are poised for rapid growth. We invest in change-intensive businesses that can benefit from the application of technology and target the rapidly growing middle class.

Investment focus

Travel, Tourism
Series A
Turkey

Portfolio highlights

otelz.com — Otelz.com, part of the Zonline Turizm ve Ticaret Aş, owns and operates Otelz.com™, The Turkish market leader in booking accommodations online. The otelz.com website attract visitors from both the leisure and business sectors worldwide.Established in 2013, Otelz.com, guarantees the best prices for any type of property, from small, family-run bedand breakfasts to executive apartments and five-star luxury suites. As for now offers over 3.000 properties in Turkey. Day by day it is increasing.Over 50 people in Turkey are dedicated to serving otelz.com customers and property-owning partners.Our Mission; " To help leisure and business travelers, whatever their budgets, easily discover, book, and enjoy best places to stay."Our Vision; " Otelz.com is an informative, user-friendly website – that guarantees the best available prices. Our goal is to provide business and leisure travelers with the most accessible and cost-effective way of discovering and booking the broadest selection of accommodations, in every corner of Turkey.

The Ahmed Revocable Trust is a certified estate planning lawyer, helping customers with legal guidance to protect their assets.

Investment focus

Travel, Tourism
Series A
Turkey

Portfolio highlights

otelz.com — Otelz.com, part of the Zonline Turizm ve Ticaret Aş, owns and operates Otelz.com™, The Turkish market leader in booking accommodations online. The otelz.com website attract visitors from both the leisure and business sectors worldwide.Established in 2013, Otelz.com, guarantees the best prices for any type of property, from small, family-run bedand breakfasts to executive apartments and five-star luxury suites. As for now offers over 3.000 properties in Turkey. Day by day it is increasing.Over 50 people in Turkey are dedicated to serving otelz.com customers and property-owning partners.Our Mission; " To help leisure and business travelers, whatever their budgets, easily discover, book, and enjoy best places to stay."Our Vision; " Otelz.com is an informative, user-friendly website – that guarantees the best available prices. Our goal is to provide business and leisure travelers with the most accessible and cost-effective way of discovering and booking the broadest selection of accommodations, in every corner of Turkey.

We are a team of successful entrepreneurs, corporate leaders and people who know the impact of creating value together. Together, we invest in high-impact, early-stage companies led by amazing teams with global mindset all over the world.

Investment focus

Software, E-Commerce, Internet
Seed, Funding Round, Pre-Seed
Turkey, United States, United Kingdom

Portfolio highlights

ULive — ULive is a digital fitness platform. With ULive, users can develop physically, mentally and spiritually. Indoor Cycling using UBikes, Yoga, Pilates, Stretch, Dance and bUUt (functional body training) classes, which they can attend live every day and whenever they want, using mobile application.
& New Me — Explore the best aesthetic treatments in Turkey with New Me. Book a consultation, read reviews, and find the right doctor for your beauty journey.
Njoykidz — njoyKidz was founded in 2021 with the simple idea of creating ad-free and safe game platforms for the kids while they learn. We develop game

The Scientific and Technological Research Council of Turkey (TÜBİTAK) is the leading agency for management, funding and conduct of research in Turkey. It was established in 1963 with a mission to advance science and technology, conduct research and support Turkish researchers. The Council is an autonomous institution and is governed by a ScientificBoard whose members are selected from prominent scholars from universities, industry and research institutions. TÜBİTAK is responsible for promoting, developing, organizing, conducting and coordinating research and development in line with national targets and priorities. TÜBİTAK acts as an advisory agency to the Turkish Government on science and research issues, and is the secretariat of the Supreme Council for Science and Technology (SCST), the highest S&T policy making body in Turkey.

Investment focus

Software, Artificial Intelligence, Health Care
Grant, Pre-Seed, Seed
Turkey, United States, United Kingdom

Portfolio highlights

Cellsway — Cellsway is a liquid biopsy company that was created to provide quick cancer CTC detection methods. The business's technology, which is minimally invasive and uses a straightforward blood sample for cancer monitoring, enables healthcare professionals to heal their patients and enhance their quality of life. focuses on the development ofmicrofluidics and lab-on-a-chip technologies for biomedical purposes.
Mistikist — Meet Mistikist, the best mindfulness app that helps you sleep, relax, focus and break the habit of being yourself in 2-8 minutes.
Plankton Marine Technologies — R&D company operating in the vertical of marine technologies, established with the support of TÜBİTAK 1512 Teknogirişim.

Technology & Innovation Fund was added in 2013.

Investment focus

Baby, SaaS, Mobile
Seed, Funding Round
Turkey

Portfolio highlights

ADASTEC — ADASTEC delivers the most advanced Level-4 automation platform for full-size buses and coaches currently available. The ADASTEC Open Automated Bus Platform called “flowride.ai” is designed for large-scale public transport along pre-defined routes on public roads. “Flowride.ai” allows OEMs to build the best automated bus configurations for the needsof the public transportation operators.
OctoXLabs — OctoXLabs is dedicated to tackling the most pressing challenges in the fields of Information Technology and Cybersecurity, delivering innovative solutions that enhance system resilience, data protection, and operational efficiency for organizations navigating an increasingly complex digital landscape.
Buyutech — Democratizing the autonomy by changing the way of perception. We work for a world where your loved ones are safe on the roads we offer affordable and scalable products that will become the eyes of the millions.

Howzat Partners is a venture capital firm specializing in incubation, seed, start up, growth capital, early stage, and mid venture investments. The firm seeks to invest in digital businesses with a focus on internet, digital media, e-commerce companies. It invests globally. It acts as as sounding board. The firm also makes co-investments. HowzatPartners was founded in 2006 and is based in Luxembourg and London.

Investment focus

Travel, E-Commerce, SaaS
Seed, Series A, Funding Round
United Kingdom, Germany, United States

Portfolio highlights

Wingly — Wingly is a flight sharing platform. Find pilots or passengers for your trip.
Handiscover — Handiscover is the first community based Holiday accommodation-booking website, dedicated to people with special needs and disabilities. At the core of Handiscover lies a unique classiﬁcation system which allows users to select accommodation based on their diﬀerent levels of mobility/physical disability. It was founded by SebastienArchambeaud in 2014, a father to a boy with a muscle disease.
Mymoria — MYMORIA offers an one-stop-online-shop for full configuration and complete commissioning of funerals. Mymoria is able to offer its services significantly cheaper than traditional mortician homes. The company is offering its services nationwide and work hard to organize our processes efficiently while maintaining thehigh service standards.

The European Bank for Reconstruction and Development (EBRD) invests in changing lives. Through our financial investments, business services and work on policy reform, we're doing more than ever before to build open, market economies across 3 continents.