Turkey Development Fund

Turkey Development Fund is a venture capital entity that commenced operations in 2019, marking its second anniversary in late 2021. It functions as a dedicated investment arm within the larger framework of the Development and Investment Bank of Turkey (TKYB), alongside the institution's Development Banking and Investment Banking divisions. This structure positions the fund as a key component in TKYB's strategy to support economic growth and innovation.

The fund's core mission is centered on cultivating and expanding the enterprise ecosystem in Turkey. It achieves this by strategically investing in what it identifies as "generation startups." This focus underscores its commitment to nurturing nascent companies with significant growth potential, thereby contributing to the diversification and modernization of the national economy.

Operating from its headquarters in Istanbul, Turkey Development Fund plays an active role in the nation's innovation landscape. Its investment activities are geared towards identifying and backing high-potential ventures that can drive technological advancement and create new market opportunities. The firm's portfolio includes investments in companies such as Cerilas, demonstrating its engagement in early-stage funding rounds.

Through its strategic investments and support for emerging businesses, Turkey Development Fund aims to strengthen the entrepreneurial fabric of Turkey. The fund's leadership includes executives such as Barış Çivici, who serves as Executive Vice President, guiding its investment strategies and operational direction within the venture capital sector.