TURUNÇ Advises Boğaziçi Ventures on its Investment in Retter.io

19 Mar 2024
TURUNÇ has advised Boğaziçi Ventures on its investment in Retter.io, a provider of products for faster backend development. Inveo Ventures 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 team included Kerem Turunç, Yasemin Erden, Beste...

Artificial Intelligence – 30+ Years Ago and Now (Chapter 2)

18 Mar 2024
In the first installment of our “Artificial Intelligence – 30+ Years Ago and Now” article series, we discussed a newspaper column authored by our founding partner Noyan Turunç thirty-two years ago. We noted that today’s discussions around artificial intelligence (AI) are consistent with his predictions in that column. Thirty-two years after that column, our managing...

Artificial Intelligence – 30+ Years Ago and Now (Chapter 1)

15 Mar 2024
There is another secret, in addition to the ones we’ve solved!There is another light, in addition to these lights.Do not settle for anything you’ve done, go beyond;There is another thing, in addition to all you’ve done.– Omar Khayyam With “artificial intelligence” hot on the agenda, we’ve recalled something. Almost thirty-two years ago, on December 18,...

TURUNÇ Advises Lightspeed Venture Partners on its Investment in Intenseye

14 Mar 2024
TURUNÇ has advised Lightspeed Venture Partners, a U.S.-headquartered global venture capital fund, on its investment in Intenseye, an AI-powered workplace safety platform. The TURUNÇ team included Noyan Turunç, Kerem Turunç, Esin Çamlıbel, Beste Yıldızili Ergül and Naz Esen. Please see here for the press release.

Significant Changes to the Turkish Personal Data Protection Law

12 Mar 2024
The Turkish Parliament has recently enacted significant amendments (the “Amendments”) to the Turkish Personal Data Protection Law (“PDPL”). We present below a summary of these Amendments, which will enter into force on June 1, 2024. 1. Processing of Sensitive Personal Data[1] 1.1 Current Legislation According to the current legislation (PDPL article 6), sensitive personal data...

Kişisel Verilerin Korunması Kanunu’nda Yapılan Önemli Değişiklikler

11 Mar 2024
2 Mart 2024 tarihinde Türkiye Büyük Millet Meclisi’nde kabul edilen Ceza Muhakemesi Kanunu ile Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun (“Kanun”) ile 6698 sayılı Kişisel Verilerin Korunması Kanunu’nda (“KVKK”) önemli bazı değişikler ve yenilikler yapılmıştır. Kanun henüz Resmî Gazete’de yayımlanmamış olmakla birlikte, değişikliklerin 1 Haziran 2024 tarihinde yürürlüğe girmesi öngörülmüştür. [Güncelleme: Kanun 12 Mart 2024...

TURUNÇ Advises Gelecek Etki Fonu on its Investment in PhiTech

11 Mar 2024
TURUNÇ has advised Gelecek Etki Fonu (Future Impact Fund) on its investment in PhiTech, a provider of AI-powered, multi-omics based diagnostic decision support for precision medicine. Other venture capital funds and angel investors also joined the round. Gelecek Etki Fonu is a Capital Markets Board-regulated venture capital fund managed jointly by Tacirler Asset Management, a...

Menkul Satışlarında Türk Lirası Ödeme Zorunluluğuna Getirilen İstisnalar

07 Mar 2024
Türk Parası Kıymetini Koruma Hakkında 32 Sayılı Karara İlişkin Tebliğ (Tebliğ No: 2008-32/34)’de Değişiklik Yapılmasına Dair Tebliğ (Tebliğ No: 2024-32/69) (“Değişiklik Tebliği”) Hazine ve Maliye Bakanlığı tarafından düzenlenip 28 Şubat 2024 tarihli Resmî Gazete’de yayımlanmıştır. Değişiklik Tebliği ile, aşağıdaki menkul satış sözleşmelerine ilişkin ödeme yükümlülüklerinin Türk Lirası dışında bir para birimi olarak yerine getirilmesi ile...

Kerem Turunç to Speak at Revo Capital’s Building Bridges Event

05 Mar 2024
Managing Partner Kerem Turunç will be one of the speakers at the 4th Annual Building Bridges Event organized by Revo Capital. The event, to be held on March 6, 2024 in Istanbul, will bring together participants from the Turkish entrepreneurship ecosystem and an international audience. Kerem Turunç will, together with Barış Özistek of Boğaziçi Ventures,...