Turkey-based venture capital firm e2vc has announced the close of its €100 million Fund III, focusing on early-stage startups in Central Emerging Europe and the Baltics, particularly founders building tech-exporting companies with global ambitions.
- In 2024, the team behind 500 Emerging Europe rebranded as e2vc, becoming an independent venture capital firm focused on early-stage startups from Emerging Europe.
- Since 2016, the team has invested in more than 50 companies, four of which have become unicorns: fal, BillionToOne, Carbon Health, and Insider One.
- e2vc primarily invests in pre-seed and idea-stage startups across the CEE region, the Baltics, and Turkey, providing up to $1 million per company. The team has offices in San Francisco, New York, and London, connecting portfolio companies to international networks, including Silicon Valley.
- The firm’s Fund III focuses on startups in Central Emerging Europe and the Baltics in sectors such as enterprise software, AI, fintech, and gaming.
- The fund has already committed to over 10 companies and is backed by more than 50 LPs, advisors, and over 30 former startup founders, including Akin Babayigit of Tripledot Studios, Evren Ucok of Trendyol, and Umur Cubukcu of Ubicloud.
