The first rule of VC club is don’t believe all the negative press. Yes, economically Turkey and the wider MENA region haven’ been doing as well as they had been. But the sky is not falling. In fact, the sky’s the limit. We’re thrilled to announce the first closing of our second fund — at an initial €30 million. The target size of the fund is €50 million and will target the growing opportunities in Turkey, Eastern Europe, and MENA. Several institutional investors and family offices recognize what’s on tap and are backing this bid. They believe, as we always have, that there continues to be tremendous potential in the region. The best enterprises were born at times of crisis — and the best entrepreneurs are those that aren’t deterred. Stay tuned for further updates on investments we make — and future successes.
“Coming together is a beginning; keeping together is progress; working together is success.”
- Edward Everett Hale