TURUNÇ client Netcad has filed for an initial public offering (IPO) of its shares on Borsa Istanbul, Turkey’s national stock exchange. Turkey’s Capital Markets Board and Borsa Istanbul must both approve the IPO. Netcad is a software development company specializing in geographical information systems (GIS) and computer aided design (CAD). TURUNÇ is advising Netcad and...

TURUNÇ has advised Inveo Portföy on the formation of a new venture capital fund called Adventures, which has recently received approval from the Turkish Capital Markets Board. The fund’s primary areas of focus will be transportation, mobile technologies, mobility as a service (MaaS), fintech, healthcare, e-commerce, education and hardware. The TURUNÇ team included İltem Dokurlar, Kerem Turunç...

TURUNÇ has advised Logo Ventures and TechOne, Turkey-focused regulated venture capital funds, on their investment in Evreka, a waste management platform. The Technology Development Foundation of Turkey and Fark Labs also participated in the funding round. The TURUNÇ team included İltem Dokurlar, Gizem Günel, Gözde Kıran and Alperen Demir. Please see here for more information...

TURUNÇ has advised hiVC, a regulated venture capital fund focused on early stage Turkish startups, on its secondary capital raise, which required the approval of the Turkish Capital Markets Board. HiVC is majority-owned by Gedik Yatırım, a publicly traded investment banking advisory and brokerage firm. The TURUNÇ team included İltem Dokurlar and Naz Esen. Please...

TURUNÇ has advised Boğaziçi Ventures on its investment in Fiber Games, a hyper casual games-focused game development studio. Boğaziçi Ventures is a leading Turkish Capital Markets Board-regulated venture capital fund focused primarily on fintech, health tech, retail tech and gaming. The TURUNÇ team included Kerem Turunç, Yasemin Kerestecioğlu, Beste Yıldızili Ergül, Selay Berfin Turgut and...

TURUNÇ authored the Turkey chapter of Lexology Getting the Deal Through’s Private M&A (2022) title. The contributing lawyers were Noyan Turunç, Esin Çamlıbel and Kerem Turunç. The publication is a comparative guide of the regulation of mergers and acquisitions transactions relating to private companies in 39 jurisdictions. In addition to Turkey, the jurisdictions covered by the 2022...

TURUNÇ has advised Boğaziçi Ventures on its investment in Riders.ai, a coding platform developed by Acrome, a provider of hands-on robotic experiments and education with hardware, software and an integrated courseware for academia. Ak Portföy, one of the largest asset management companies, also joined the round. Boğaziçi Ventures is a leading Turkish Capital Markets Board-regulated...

TURUNÇ has advised Boğaziçi Ventures on its investment in Eyedius, a high-tech company that develops image-processing technologies. Ak Portföy, one of the largest asset management companies in Turkey, also joined the round. Boğaziçi Ventures is a leading Turkish Capital Markets Board-regulated venture capital fund focused primarily on fintech, health tech, retail tech and gaming. The...

TURUNÇ has advised Boğaziçi Ventures on its investment in Hiwell, an online therapy platform. Boğaziçi Ventures is a leading Turkish Capital Markets Board-regulated venture capital fund focused primarily on fintech, health tech, retail tech and gaming. The TURUNÇ team included Kerem Turunç, Yasemin Kerestecioğlu and Beste Yıldızili Ergül. For more information, please see the press...