CEE VC SUMMIT 2024

CEE VC SUMMIT 2024

212 backs bold, growth-stage tech companies across Turkey, CEE, and MENA. Currently, the fund manages €80M of committed capital and 17 active investments with one exit. 212’s time-tested strategy is to advance B2B tech solutions with demonstrated traction, a precise product-market fit, and founders who are ready and eager to scale internationally. ‘Test Local, Go Global’ is 212’s guiding principle. 212 does more than invest in the region and aims higher than going global. It is a personalized venture capital firm with deeply rooted global networks that bring in growth partners to help expand and guide the ecosystem in surpassing challenges using wisdom and a well of experience that extends beyond the geographical. The forward-thinking initiative ‘212 Growth Partner’ program is one initiative that supports and provides value-add services to portfolio companies. 212 created $1.78B in value. Acclaimed winners from Fund I include Iyzico and Insider. Iyzico exited in 2019 with a USD $168M valuation, returning the fund’s entire invested capital. Insider, a Sequoia-backed company with a female founder, recently closed another investment round with a USD $1.2B valuation and the first B2B unicorn to come out of Turkey. To date, Fund II has invested in 14 remarkable companies: 123 Form Builder, App Samurai, Artboard Studio, Avatao, Chooch AI, Fazla Gida, MallIQ, Marti, Meddy, Metrobi, OMMA, SmartMessage, Trio Mobil and Wellbees. The final close in August 2020 ended with a fund size of €49M. Founded by Numan Numan and Ali Karabey in 2012, 212 is committed to Emerging Europe and expansion into the diaspora network by utilizing a robust presence in Istanbul, Doha, Dubai and San Francisco. The team is based out of Istanbul, Turkey, and the region.

Luxembourg
USA
Türkiye
Investment size
€25K to €5M+
Stages
Pre-seed
Seed
Early Growth
Sectors
Sector-Agnostic
Investment geography
Estonia, Latvia, Lithuania, Czech Republic, Slovakia, Albania, Algeria, Armenia, Azerbaijan, Bahrain, Bangladesh, Bosnia and Herzegovina, Brazil, Bulgaria, Croatia, Cyprus, Georgia, Germany, Greece, Hungary, Israel, North Macedonia, Moldova, Monaco, Montenegro, Poland, Romania, Serbia, Slovenia, Ukraine, UK, Türkiye, UAE, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Saudi Arabia, Sudan, South Sudan, Syria, Tunisia, Yemen
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