Founder One, a venture capital investment fund that supports early-stage technology-focused impact entrepreneurs who create solutions to make the world more livable, was established. Founder One, which was established with the cooperation of the Turkish Entrepreneurship Foundation, Turkish Informatics Foundation and Maxis Private Equity Portfolio Management Inc., which includes Faruk Eczacıbaşı and Sina Afra among the members of the Investment Committee, aims to invest in approximately 100 startups with a fund size of 300 million TL.
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The investment cycle that gives back to the ecosystem
Founder One, which makes investments at the idea and seed stage in startups that will create a sustainable positive impact on society or the environment and have measurable impact goals, is one of the first venture capital investment funds in Turkey to be established solely for impact investments under the leadership of the Turkish Entrepreneurship Foundation and the Turkish Informatics Foundation.
The return of the fund, which focuses on the early stage and has a fast and end-to-end digital investment process, will also support foundations. Within the framework of its vision of impact, Founder One aims to provide financial returns by investing in technology for good, as well as to be beneficial to Turkey and the world.
Founder One, a new generation venture capital investment fund investing in early-stage impact startups, brings together investors with promising early-stage startups. Founder One, which will provide fast financing to startups with a standard “debt financing mix agreement convertible into shares” (FIKS), aims to make initial investment in up to 100 startups and continue investment in startups with high exit potential, with a fund strength of 300 million TL.
In Founder One’s Investment Committee, which aims to create both high returns and a positive social and environmental impact; Faruk Eczacıbaşı, Sina Afra, Ali Özkan Şahin, Galya Fani Molinas, Mehru Aygül, Cem Leon Menase, Riza İhsan Kutlusoy, Alim Murat Özgen, Selami Düz and İbrahim Erkan Yağcıoğlu.
Breaking new ground in Turkey as a venture capital investment fund, Founder One continues to support entrepreneurship and technology by transferring its performance income to the founding foundations Entrepreneurship Foundation and Turkish Informatics Foundation, with the principle of giving back to society. Thus, it takes impact investments to the next level by being in a position to nurture other funds in the ecosystem.
Sina Afra, Member of the Founder One Investment Committee and Chairman of the Turkish Entrepreneurship Foundation, stated that they have blazed a trail in Turkey as a venture capital investment fund and said, “With the principle of giving back to the society, we continue to support entrepreneurship and technology by transferring performance income to founding foundations.
Thus, we take impact investments to the next level by being in a position to nurture other funds in the ecosystem. Thanks to the fund founders’ high reach to entrepreneurs and startups, we reach a very wide audience. We are creating a strong flow of entrepreneurial ideas with more than a thousand startup applications and hundreds of graduate entrepreneurs annually.”
Faruk Eczacıbaşı, Member of the Founder One Investment Committee and Chairman of the Board of the Turkish Informatics Foundation, said, “With the fund we have established, we want to start impact investments immediately and solve problems in a measurable way. Our aim is to make a measurable positive contribution to Turkey and our planet by making investments that will solve social and environmental problems quickly.
Unfortunately, our country ranks 70th among the countries that have accepted the United Nations Sustainable Development program. We will also make need-oriented investments in areas such as Renewable Energy and Alternative Energy, Education, Health Services, Finance. We are looking for fast scalable, early-stage initiatives that have a positive impact that will lead us to a better future.”
Maxis General Manager Murat Özgen stated that they expect Founder One, which was established with an exemplary cooperation as Türkiye İş Bankası group, which has supported many value-added areas in the economic development of our country, to touch a wide area in the early stage venture capital ecosystem of our country with its investments in impact initiatives, and that Founder One and Maxis stated that they are pleased that the venture capital investment fund family has gained an exceptional member.