212 NexT

212 NexT is an Istanbul, Turkey-based early-stage venture capital fund that invests in startups developing technologies in advanced materials. The firm targets Seed to Series A investments across sectors such as chemicals, biomaterials, nanomaterials, energy efficiency, and AI-driven materials discovery. Operating with a target fund size of EUR 30 million, the vehicle leverages an industrial investor network to identify emerging technologies globally. The fund's active portfolio includes investments in DNA traceability marker developer Haelixa, autonomous additive manufacturing startup Aibuild, and AI-powered materials research platform ExoMatter. It operates as a specialized vehicle under the broader venture capital firm 212, which manages €86 million in committed capital and has backed notable regional successes like the $1.2 billion B2B unicorn Insider and payments platform Iyzico. The parent organization, 212, was founded in 2012 by managing partners Numan Numan and Ali Karabey.