TT Ventures
TT Ventures is Türk Telekom's corporate venture capital subsidiary, operating a four-pillar Istanbul-based ecosystem for technology startups: the PİLOT acceleration program, the GSYF Series A+ fund, co-working offices, and a Türk Telekom business collaboration program.
- Company typePrivate
- Founded2018
- HeadquartersIstanbul
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TT Ventures does
TT Ventures is the corporate venture capital subsidiary of Türk Telekom, Turkey's leading telecommunications operator, operating an integrated four-pillar entrepreneurship ecosystem from Istanbul. Founded in 2018 to scale up the PİLOT acceleration program that Türk Telekom had launched in 2013, the firm serves technology startups across seed and Series A+ stages. Its portfolio of 131 startups spans EdTech, Marketing Technology, Energy Tech, Healthcare Tech, E-commerce Analytics, and Deep Tech, with companies including MentalUP (15M+ users across 120+ countries), Mindsite, B2Metric, Segmentify, Virasoft, Syntonym, Eltemtek, and Earnado.
The company's core product is the PİLOT acceleration program, a 12-week intensive that provides up to $30,000 in cash investment per startup in exchange for equity or program participation, access to a network of 450+ mentors, technology infrastructure, and a complementary USA program for graduates. In September 2022, TT Ventures expanded downstream by establishing the TT Ventures Girişım Sermayesi Yatırım Fonu (GSYF), an independent venture capital fund managed by İstanbul Portfüy Yönetimi A.Ş. that targets Series A and later-stage startups with sustainable, technology-focused, and globally scalable businesses. Two additional pillars — Girişımcilik Ofisleri co-working spaces at Tahtakale Santral and AKM, and an İş Birliği (Business Collaboration) program connecting startups with Türk Telekom group companies — round out the ecosystem.
TT Ventures operates primarily as a strategic corporate venture arm rather than a financial-return-driven fund. Its revenue mechanics are not externally disclosed, but its investment activity — $3.2M deployed across PİLOT graduates, $58M in follow-on capital raised by 78 graduates, and portfolio value exceeding $600M — indicates modest check sizes at seed and follow-on participation at growth stages. The supporting partner roster (NVIDIA, AWS, Google Cloud, Microsoft for Startups, Huawei, HubSpot, Yandex Maps API, Enterprise Europe Network) provides in-kind cloud, marketing, and infrastructure resources to portfolio companies. The firm employs 11-50 people, is governed by a four-member investment committee, and is wholly owned by Türk Telekomünikasyon A.Ş.
TT Ventures firmographics
Firmographics- Name
- TT Ventures
- Legal name
- TT Ventures Proje Geliştirme Anonim Şirketi
- Website
- https://ttventures.com.tr
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TT Ventures is Türk Telekom's corporate venture capital subsidiary, operating a four-pillar Istanbul-based ecosystem for technology startups: the PİLOT acceleration program, the GSYF Series A+ fund, co-working offices, and a Türk Telekom business collaboration program.
- Ownership category
- akta.pro rank
TT Ventures industry classification
Industry- Product category
- Corporate Venture Capital
- NAICS
- Other Financial Vehicles (52599), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
- akta.pro secondary industries
- Accelerators & Incubators (Investor-Operated) (FSANAAAM), Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)
Keywords
Where TT Ventures is headquartered
LocationHeadquarters
- HQ city
- Istanbul
Offices3 records
Markets served
TT Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Investment Capital, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Acceleration Program Investments: Provides investment to early-stage startups through the PİLOT program, with up to $30,000 investment per startup, in exchange for equity or program participation
- Series A+ Investments: Direct investments in growth-stage startups through the TT Ventures Girişim Sermayesi Yatırım Fonu, targeting Series A and later stage companies with sustainable, technology-focused, and globally scalable products and services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | One time | PİLOT Acceleration Program Investment |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
TT Ventures product offering
Product offeringCore offering
TT Ventures is the corporate venture capital arm of Türk Telekom, operating an entrepreneurship ecosystem that combines a 12-week startup acceleration program (PİLOT) providing up to $30,000 in funding per startup alongside mentorship from 450+ experts, a Series A and later-stage venture capital fund (TT Ventures Girişim Sermayesi Yatırım Fonu), physical co-working offices for entrepreneurs in Istanbul, and a business collaboration program connecting startups with Türk Telekom Group companies for partnership and distribution opportunities.
Product overview
TT Ventures is the venture capital arm of Türk Telekom offering a comprehensive entrepreneurship ecosystem consisting of four main offerings: (1) PİLOT, an early-stage acceleration program providing 12-week intensive development, mentorship from 450+ mentors, and investment opportunities of up to $30,000; (2) TT Ventures Girişim Sermayesi Yatırım Fonu (GSYF), a Series A+ venture capital fund established in 2022 focusing on sustainable, technology-focused startups; (3) Girişimcilik Ofisleri, co-working spaces in Istanbul at Tahtakale Santral and AKM locations; and (4) İş Birliği, a business collaboration program connecting startups with Türk Telekom Group for product and service partnerships.
Differentiator
Problem solved
Functional benefit
Brands
- PİLOT: TT Ventures' startup acceleration program providing cash funding, access to Türk Telekom's business network, over 450 mentors, and a 12-week intensive development program.
Products and services
- PİLOT Acceleration Program
- TT Ventures Girişim Sermayesi Yatırım Fonu (GSYF)
- Girişimcilik Ofisleri (Entrepreneurship Offices)
- İş Birliği (Business Collaboration)
Quantifiable outcome
- $3.2 million invested across 131 startups
- +2 more outcomes
Companies that use TT Ventures
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
TT Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
TT Ventures partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core, minor and supporting.
- MentalUPcoreMentalUP collaboration with Türk Telekom marketing team to offer MentalUP products to specific internet customers in 2020
- B2MetricminorJoint data analytics project development with B2Metric marketing and programmatic teams in 2022
- TechsignminorCollaboration with Techsign to develop automated KYC processes using their technology with Türk Telekom Payment in 2023
- VirasoftminorJoint proposal preparation with Virasoft for corporate sales opportunities in 2021
- NVIDIAsupportingSupporting company for PİLOT acceleration program providing technology support and resources
- AWSsupportingAmazon Web Services providing cloud services to PİLOT program participants
- Microsoft for StartupssupportingMicrosoft for Startups program supporting PİLOT acceleration program participants
- HuaweisupportingHuawei supporting PİLOT acceleration program
- HubSpotsupportingHubSpot supporting PİLOT acceleration program with marketing tools
- Yandex Maps APIsupportingYandex Maps API supporting PİLOT acceleration program
- Enterprise Europe NetworksupportingEnterprise Europe Network supporting PİLOT acceleration program
- Google CloudsupportingGoogle Cloud supporting PİLOT acceleration program with cloud services
- ParasutsupportingParasut supporting PİLOT acceleration program
- ŞüflesupportingŞüfle supporting PİLOT acceleration program
- KolayiksupportingKolayik supporting PİLOT acceleration program with HR solutions
- SendGBsupportingSendGB supporting PİLOT acceleration program
- TT Veri MerkezisupportingTT Veri Merkezi (Türk Telekom Data Center) supporting PİLOT acceleration program
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
TT Ventures competitors and assessment
Company assessmentDirect peers
- Wayra (Telefónica): Telefónica's global corporate venture capital and accelerator arm. Most directly comparable to TT Ventures as both are telecom CVCs running multi-country accelerator programs with corporate distribution advantages.
- Orange Ventures: The CVC arm of Orange (formerly France Télécom). Comparable as a telecom operator's venture arm investing in early- and growth-stage startups with strategic alignment to the parent's network and services.
- Turkcell GSYF: Venture capital investment fund of Turkcell, Turkey's other major telecom operator. Direct domestic competitor to TT Ventures GSYF targeting growth-stage Turkish technology startups.
- Vestel Ventures: Corporate venture arm of Vestel, a major Turkish electronics manufacturer. Co-invested alongside TT Ventures in startups like Mindsite and competes for the same Turkish tech deal flow.
Broad incumbents
- Comcast Ventures: CVC arm of Comcast, a US telecom/media conglomerate. Comparable in operating model (corporate-backed multi-stage tech investor) but at materially larger scale and broader geographic mandate.
- Samsung NEXT: CVC and innovation arm of Samsung, investing globally in AI, IoT, and frontier tech. Comparable as a large corporate-led venture platform with both fund and accelerator components.
- Techstars: Global accelerator operator with 12-week cohort programs, mentor networks, and Demo Days. Comparable as an accelerator model; differs in lacking a single dominant corporate parent's distribution channel.
Regional players
- Yıldız Tekno Girişim Sermayesi Yatırım Ortaklığı: Turkish venture capital investment trust affiliated with Yıldız Holding. Co-investor with TT Ventures in Turkish startups and a regional peer in the Turkish growth-stage tech investing landscape.
- TTGV (Technology Development Foundation of Turkey): Turkish technology-focused development foundation that co-invested with TT Ventures in startups like Mindsite. Comparable as a Turkey-based tech investor, though structured as a foundation rather than a corporate VC.
Others
- Keiretsu Forum: Global angel investor network with active Turkey/MENA chapters. Adjacent peer in the early-stage Turkish ecosystem, providing angel capital and syndication that often complements accelerator programs like PİLOT.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
TT Ventures social profiles
Digital presenceTT Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
TT Ventures leadership team
Management profileNumber of profiles
Profiles4 records
TT Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TT Ventures M&A and investment
M&A and investmentM&A
Investments67 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TT Ventures
What does TT Ventures do?
TT Ventures is the corporate venture capital arm of Türk Telekom, operating an entrepreneurship ecosystem that combines a 12-week startup acceleration program (PİLOT) providing up to $30,000 in funding per startup alongside mentorship from 450+ experts, a Series A and later-stage venture capital fund (TT Ventures Girişim Sermayesi Yatırım Fonu), physical co-working offices for entrepreneurs in Istanbul, and a business collaboration program connecting startups with Türk Telekom Group companies for partnership and distribution opportunities.
Is TT Ventures a public or private company?
TT Ventures is a private company. It is classified as corporate owned and is currently operating.
When was TT Ventures founded?
TT Ventures was founded in 2018. It employs 11 to 50 people.
Where is TT Ventures based?
TT Ventures is headquartered in Istanbul.
How does TT Ventures make money?
Two revenue lines are on record. Acceleration Program Investments are the primary driver. The others are series A+ Investments.
Who are TT Ventures's main competitors?
Direct peers on record are Wayra (Telefónica), Orange Ventures, Turkcell GSYF and Vestel Ventures. Broad incumbents are Comcast Ventures, Samsung NEXT and Techstars. Regional players are Yıldız Tekno Girişim Sermayesi Yatırım Ortaklığı and TTGV (Technology Development Foundation of Turkey). Keiretsu Forum is listed as an others.
Does TT Ventures have an API?
No public API is recorded for TT Ventures.
What industry is TT Ventures in?
TT Ventures's product category is Corporate Venture Capital. Its primary akta.pro industry code is FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms, with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 52599 and its SIC code is 6211.