What APY Ventures does

APY Ventures is the venture capital investment fund (GSYF \u2014 Giri\u015fim Sermayesi Yat\u0131r\u0131m Fonu) umbrella brand of Albaraka Portfolio Management Inc. (Albaraka Portf\u00f6y Y\u00f6netimi A.\u015e.), a Capital Markets Board of T\u00fcrkiye (SPK)-regulated Turkish portfolio management company headquartered in Ata\u015fehir, Istanbul. The firm operates eight sector- and stage-specialized GSYFs \u2014 Fintech GSYF, Start-up GSYF, Bili\u015fim Vadisi GSYF, OST\u0130M GSYF, T3 GSYF, Yeni Nesil Teknoloji GSYF, \u0130vedik GSYF, and THY GSYF \u2014 covering fintech, gaming, AI, health tech, cybersecurity, adtech, edtech, legal tech, biotech, robotics, logistics, enterprise software, 3D printing, and adjacent technology verticals. It manages a portfolio of more than 50 named portfolio companies and is supported by the APY TEKMER innovation hub (apytekmer.com), which functions as a pre-seed sourcing and acceleration pipeline feeding the GSYFs (e.g., Viseur AI graduated from the APY TEKMER Investment Program before receiving APY Ventures capital).\n\nThe business operates a three-pronged revenue model: (1) recurring fund management fees earned by Albaraka Portfolio Management Inc. for managing the regulated GSYFs under SPK oversight; (2) capital gains and carried interest from portfolio exits and equity appreciation, with Mega Fortuna's acquisition by Aonic as the first publicly disclosed exit; and (3) intermediation of T\u00fcrkiye's statutory 3% R&D investment obligation, which enables R&D centers, design centers, and technology development zone companies to fulfill their legal investment requirements by subscribing to APY Ventures GSYFs. Deal flow is captured through structured bilingual (TR/EN) entrepreneur and investor application forms on the corporate website, supplemented by APY TEKMER's investment program and recurring co-investor syndicates with Revo Capital, Ak Asset Management VC Fund, DN Capital, Smartfin, T\u00fcrkiye Kalk\u0131nma Fonu, Nuwa Capital, Bo\u011fazi\u00e7i Ventures, Arya VC, Heartfelt Capital, AI Startup Factory, Inveo Ventures, Sharks & Partners, ExtraVallis, and ARZ Portf\u00f6y.\n\nThe firm employs 11\u201350 staff and uses standard productivity infrastructure (Google Drive, WhatsApp, corporate e-mail) under KVKK (Turkish Personal Data Protection Law) compliance; it does not develop proprietary technology, AI models, software platforms, or APIs, and holds no patents or trademarks. Distribution is direct via the corporate website and APY TEKMER ecosystem with no third-party resellers, app marketplaces, or partner channels. The geographic footprint is primarily T\u00fcrkiye, with portfolio companies enabling indirect reach into MENA/GCC (Fimple in Dubai and Riyadh), Europe (Buluttan via Horizon WeatherGenerator), and the United States (Flowla US go-to-market). AUM, fund sizes, and LP composition are not publicly disclosed \u2014 the 'Say\u0131larla APY Ventures' section displays $0M placeholders for fund size, total investment, and follow-on ratio.

Name

APY Ventures

Legal name

Albaraka Portföy Yönetimi A.Ş.

Website

https://www.apyventures.com/

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

APY Ventures is a Turkish VC fund umbrella under Albaraka Portfolio Management Inc. (Albaraka Portf\u00f6y Y\u00f6netimi A.\u015e.) managing 8 sector-specialized GSYFs. It invests in early-stage Turkish tech startups via inbound applications, APY TEKMER pipeline, and co-investor syndicates.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (52394)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Venture capital funds
• Startup investments
• Fund management
• Technology equity
• Portfolio investments

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Technology or R&D

Revenue model

1. Fund management fees: Recurring management fees earned by Albaraka Portföy Yönetimi A.Ş. as the management company of multiple Venture Capital Investment Funds (GSYF — Girişim Sermayesi Yatırım Fonu) under the APY Ventures umbrella. Activities covered include fund trading, portfolio management, and investment consultancy services per Capital Markets Board of Türkiye regulations.
2. Investment returns / capital gains on portfolio exits: One-time and ongoing capital gains generated as portfolio companies exit or grow, including the publicly noted acquisition of Mega Fortuna by Aonic. The fund-of-funds and direct-investment structures across 8 GSYFs (Fintech, Start-up, Bilişim Vadisi, OSTİM, T3, Yeni Nesil Teknoloji, İvedik, THY) generate carried interest and dividend income streams.
3. 3% investment obligation compliance intermediation: APY Ventures intermediates compliance with Türkiye's 3% R&D investment obligation: Ar-Ge (R&D) and Design Centers and Technology Development Zone companies can channel their statutory 3% investment requirement into APY Ventures-managed GSYFs, fulfilling legal obligations while gaining exposure to the Turkish technology startup ecosystem.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

APY Ventures is a venture capital fund umbrella brand under Albaraka Portföy Yönetimi A.Ş. that manages multiple SPK-regulated Venture Capital Investment Funds (GSYFs) investing equity capital into early-stage Turkish technology startups. It operates an application-driven deal flow pipeline and an APY TEKMER innovation hub that sources and prepares startups for investment, deploying capital through eight specialized GSYF theses spanning fintech, gaming, AI, health tech, and enterprise software.

Differentiator

Problem solved

Functional benefit

Products and services

• Fintech GSYF

Quantifiable outcome

• 8 distinct GSYFs operated under the platform (Fintech, Start-up, Bilişim Vadisi, OSTİM, T3, Yeni Nesil Teknoloji, İvedik, THY)
• +4 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• Albaraka Portföy Yönetimi A.Ş.flagshipStrategic or Co-development PartnerAlbaraka Portföy Yönetimi A.Ş. (Albaraka Portfolio Management Inc.) is the founding/parent entity and Strategic Partner of APY Ventures. The website explicitly states "APY Ventures, bir Albaraka Portföy Yönetimi A.Ş. inisiyatifidir" (APY Ventures is an initiative of Albaraka Portfolio Management Inc.) and the two brands are co-marketed in the website footer. Albaraka Portföy provides the SPK-regulated fund management infrastructure, KVKK compliance framework, and serves as the regulated vehicle host for the GSYFs (Venture Capital Investment Funds) under the APY Ventures umbrella.
• APY TEKMERcoreStrategic or Co-development PartnerAPY TEKMER (apytekmer.com) is the innovation hub of the APY Ventures ecosystem, described on the website as "APY Ventures ekosisteminin inovasyon üssü" (the innovation hub of the APY Ventures ecosystem). It operates the APY TEKMER Investment Program — a structured pre-seed/acceleration pipeline that sources and prepares startups before they secure APY Ventures GSYF investment. Viseur AI is publicly documented as a TEKMER Investment Program graduate. APY TEKMER also hosts the APY Ventures YouTube channel (@apytekmer).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Arya VC: Arya VC is an Istanbul-based venture capital fund investing in AI, fintech, and enterprise software. It co-invested alongside APY Ventures (İvedik GSYF) in Buluttan's $1M bridge round, making it a direct peer in deal-sourcing and Turkish ecosystem participation.
• Boğaziçi Ventures: Boğaziçi Ventures is a Türkiye-focused early-stage VC investing in enterprise software, gaming, and B2B SaaS. It has co-led rounds alongside APY Ventures (Craftgate $2M seed, Lokum Games), operating in the same deal-sourcing pool and serving similar Turkish tech founders.
• Türkiye Kalkınma Fonu (Turkey Development Fund): Türkiye Kalkınma Fonu is a government-backed development fund that co-invests in early-stage Turkish technology companies (Flowla, Cendra, Mükelleft). It is a recurring APY Ventures co-investor and a directly comparable peer as a domestic institutional capital source for Turkish startups.
• Revo Capital: Revo Capital is one of Türkiye's leading early-stage venture capital funds, focused on Turkish and emerging European technology startups. It is a recurring APY Ventures co-investor (leading Flowla's $2.5M seed and Cendra's $1M seed), making it the most directly comparable peer in terms of stage, geography, and thesis.
• Inveo Ventures: Inveo Ventures is a Turkish early-stage VC that co-invested with APY Ventures in Mindtail's $2M pre-seed round. It operates in the same pre-seed/seed stage and focuses on Turkish technology startups, making it a closely comparable peer.
• 212 VC: 212 VC is a Türkiye and regional early-stage venture capital fund with a thesis-aligned focus on Turkish and emerging-market technology startups. It is comparable in stage (seed/Series A) and geography, and represents one of the more established Turkish VC platforms alongside APY Ventures.
• Ak Portföy Girişim Sermayesi Yatırım Fonu: Ak Portföy is a Turkish portfolio management company operating GSYF vehicles similar to APY Ventures' structure under Albaraka Portföy. It is a recurring co-investor (Fimple's $10M follow-on led by Ak Asset Management VC Fund; Mindtail with Ak Portföy GSYF participation), making it a directly comparable regulated Turkish VC platform.
• Heartfelt Capital: Heartfelt Capital is a Türkiye-focused early-stage VC participating in rounds alongside APY Ventures (Cendra's $1M seed). It invests in hospitality-tech, AI, and emerging verticals, making it a directly comparable peer in deal-sourcing and stage.

Regional players

• ACT Venture Partners: ACT Venture Partners is an early-stage technology investor active in Türkiye and the broader region. It operates in the same Turkish early-stage deal pool and shares comparable stage focus and sector breadth with APY Ventures.

Others

• Keiretsu Forum Türkiye: Keiretsu Forum Türkiye is a Türkiye-based angel investor network that sources and syndicates early-stage deals. While not a fund manager, it overlaps with APY Ventures in Turkish pre-seed/seed deal flow and LP/angel ecosystem participation, serving as an adjacent ecosystem participant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/APYVentures
• YouTubeyoutube.com/@apytekmer
• LinkedInlinkedin.com/company/apyventures
• Instagraminstagram.com/apyventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments103 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about APY Ventures