Revo VC (also known as Revo Capital) is a Netherlands‑headquartered venture capital firm that invests in early‑stage B2B and B2C technology companies across Turkey, Eastern Europe and the Baltics, with a focus on Series A–B opportunities in fintech, B2B cloud/SaaS, marketplaces, big data/AI, marketing tech and health IT[5][1]. Revo manages multi‑fund capital (initial fund ~USD 66M; second fund ~EUR 90M) and runs an in‑house growth/operations platform to actively support portfolio companies, and its portfolio includes high‑growth exits and at least two unicorns[3][1].
High‑Level Overview
- Mission: Revo’s stated mission is to find and back the “next unicorns” from Turkey, CEE and the Baltics by providing capital plus hands‑on growth support through its Revo Growth Platform[5][3].
- Investment philosophy: The firm targets early‑stage companies with proven product‑market fit and post‑revenue traction, typically writing tickets in the €1–6M range for Series A and B rounds while combining capital with operational support[1][2].
- Key sectors: Primary sectors are fintech, B2B cloud/SaaS, marketplaces, big data & AI, marketing tech and health IT[1][2].
- Impact on the startup ecosystem: Revo is one of Turkey’s earliest and largest tech VCs, has helped scale regional startups to global rounds (including at least two unicorn outcomes), attracted development‑finance LPs to its funds, and contributed exits that validate the regional ecosystem[3][1].
Origin Story
- Founding year and founders: Revo Capital was founded in 2013 as one of Türkiye’s first dedicated technology investment funds and is headquartered in the Netherlands with an operational presence in Istanbul; founding partners and senior team members include Cenk Bayrakdar and Berkin Toktaş among others[3][5][6].
- Fund evolution: The firm launched its initial fund (~USD 66M) at inception and closed a second fund (≈EUR 90M) in 2020 with institutional LPs such as IFC, EBRD, DEG and EIF, and by late 2024 began work on a third fund (~USD 100M)[3].
- Early traction and pivotal moments: Revo’s portfolio growth and high‑profile outcomes (including Getir as a standout unicorn and other fast‑growing portfolio companies) established its reputation and enabled institutional investor support for later funds[1][3].
Core Differentiators
- Active growth/operating platform: Revo promotes a “Revo Growth Platform” model—positioning the firm as an operational partner that helps portfolio companies scale beyond capital alone[5].
- Regional specialization with global ambition: Deep focus on Turkey, Eastern Europe and the Baltics allows sector specialists and networks tailored to founders in these markets while seeking global expansion pathways[1][2].
- Institutional LP backing and fund scale: Later funds attracted multilateral and development finance investors, increasing check‑size capability and co‑investment credibility[3].
- Track record of exits and unicorns: The firm’s portfolio includes multiple exits and at least two companies that reached unicorn valuation, demonstrating follow‑on and scaling capability[1][3].
Role in the Broader Tech Landscape
- Trend alignment: Revo is riding the convergence of rising digital adoption in emerging European markets, growth in fintech and SaaS adoption, and increasing venture interest in under‑allocated regions[1][3].
- Why timing matters: As regional startups mature to post‑revenue scale, a regional VC with growth operating support and institutional capital can accelerate cross‑border expansion and larger follow‑on rounds[3][5].
- Market forces in their favor: Greater LP interest in frontier/near‑shore European tech, strong exits (e.g., Getir) that spotlight the region, and accelerating demand for SaaS/fintech solutions support Revo’s strategy[1][3].
- Influence on ecosystem: By providing both capital and operational resources and by attracting institutional investors into regional funds, Revo helps professionalize the local VC market and creates visible paths from seed to unicorn[3][5].
Quick Take & Future Outlook
- Near‑term: With a third fund in planning (~USD 100M as reported), Revo is positioned to continue backing Series A/B winners and to increase follow‑on reserves for scaling companies[3].
- Strategic risks and opportunities: Opportunities include continued regional deal flow and rising valuations for proven scaleups; risks include macroeconomic volatility, competition from global VCs, and execution risk scaling portfolio companies internationally[1][3].
- How influence may evolve: If Revo converts more portfolio companies into major global players, it will further cement its role as a funnel for regional innovation to global markets and attract larger institutional LPs and co‑investors[1][3].
Quick take: Revo combines regional specialization, institutional fund scale and an operating‑first approach to back post‑revenue tech startups in Turkey, CEE and the Baltics—positioning it as a leading regional growth partner for founders seeking global expansion[5][1].
Sources: Revo’s own site and firm materials[5], press profiles and industry coverage including Vestbee and Investment Office Türkiye reporting on funds, portfolio and LPs[1][3], and industry directory listings[2][6].
