ÜNLÜ & Co announced its new capital fund, which will support startups that focus on innovative technologies. The company aims to make a total investment of 200 million TL in 5 years.
ÜNLÜ Portfolio, a subsidiary of ÜNLÜ & Co, Turkey’s leading investment services and asset management group, aims to support startups. established a new fund explained. The affiliate’s third Venture Capital Fund will specifically aim to help technology companies meet their new legal obligations.
Venture Capital Fund’s average growth over the next 5 years About 20 venture companies with a size of between 5 and 10 million TL intended to be used for investment. The total size of the fund with investments 200 million TL expected to arrive.
The fund will be used in initiatives focused specifically on future technologies:
ÜNLÜ & Co also shared the types of initiatives that the fund will be used for. Primarily in the use of the fund early stage fintech, B2B SaaS technologies, big data, artificial intelligence and internet of things areas will be focused. In addition, the experienced investment team of the company will also evaluate joint investment opportunities with Venture Capital Funds.
The main purpose of the fund was shared as investing in technology companies that benefit from R&D and design incentives. In this context, fund, exemption earnings or discount amounts 1 million TL and above will meet the investment obligations of technology companies.
ÜNLÜ Portfolio Chairman Utku Özay: “We believe that we will contribute to the goal of creating Turcorns”
“We believe that the new law is very valuable in terms of the support it provides to the entrepreneurship ecosystem, which has grown strongly in recent years in Turkey. We aim for the ÜNLÜ R&D Fund, our third venture capital fund, to generate attractive returns through professional risk management and experienced investment team, in addition to the advantages provided by the legislation.
At the same time, we believe that we will contribute to the goal of creating new ‘Turcorns’ from our technology companies with our fund. ÜNLÜ & Co has invested over 210 million USD in alternative assets since its establishment. In addition, we have been operating as an investor through funds in the Venture Capital ecosystem since 2012.”
ÜNLÜ & Co, which has been playing an active role in the Turkish entrepreneurship ecosystem since 2012, is for those who are just starting to invest in the past few days and for those with experience. new app made available:
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