Letven Capital

What Letven Capital does

Letven Capital Girişim Sermayesi Portföy Yönetimi A.Ş. (Letven Capital) is a Turkey-based, privately held venture capital portfolio management company founded in 2019 and headquartered in Üsküdar, Istanbul. The firm establishes and manages venture capital investment funds (GSYF) under Turkish Capital Markets Board (SPK) regulation, serving two client groups: institutional and individual investors seeking exposure to thematic venture capital, and growth-stage startups seeking equity capital. Its core product set consists of two flagship funds — GENIUS (Green Environment Impact Upcycled Social), focused on green economy, circular economy, renewable energy, smart mobility, and digital technologies including AI and robotics, and TARS, a 200 million lira food-and-agriculture focused fund established in March 2024 in strategic cooperation with MÜSİAD. As of June 25, 2026 the GENIUS Fund reported a total value of TRY 16,469,092.23 and a unit share value of 2.389813 TL, while the firm's first Sustainability Report (June 2026) disclosed an aggregate portfolio size of TRY 11.2 billion.

The firm generates revenue primarily through recurring management fees on the funds it manages, supplemented by carried interest on exits and ancillary services such as investor education and sustainability reporting. Distribution is conducted directly via its website to LPs, alongside channel distribution through MÜSİAD's industrialist member network for the TARS Fund, and through the annual GPAS Istanbul Green Economy Investment Summit as a flagship ecosystem event. Go-to-market is direct-to-investor for fundraising and direct-to-startup via a dedicated 'Get Investment from Our Funds' portal for deal flow. Underlying technology is limited to standard fund administration, reporting, and content publishing platforms; Letven does not develop proprietary technology products, though its funds invest in portfolio companies building AI, robotics, agritech, and logistics technologies.

The firm is governed by an experienced Board including Mustafa Duman (Chairman, 30 years of investment banking), Kamil Kılıç (Vice President, founder/CEO, CRM and digital marketing background), Yusuf Kaya (former Capital Markets Board of Türkiye Board Member and IOSCO/IFRS roles), Didem Eryar Ünlü (media and sustainability editor), and Bülent Sezgin (former Halk Invest Managing Director). Notable portfolio companies include Alova Farm, Récolte'm, Actio Mobilite, Bridgesoft, Agromini, Robio, and LojimoD, with three of these featured in the Forbes Türkiye Girişim 2026 List.

Name

Letven Capital

Legal name

Letven Capital Girişim Sermayesi Portföy Yönetimi A.Ş.

Website

https://letvencapital.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Letven Capital is a Turkey-based licensed venture capital portfolio management firm (founded 2019, Istanbul) that establishes and manages thematic VC funds — primarily the GENIUS green-economy fund and the TARS agrifood fund (in partnership with MÜSİAD) — serving institutional investors and growth-stage startups in sustainability, agritech, and smart mobility.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Venture Capital Fund-of-Funds (FSANAGAC)

akta.pro secondary industry

Development Finance & Blended Finance Facilities (BPADAOAD)

Keywords

• Venture capital management
• Green economy investing
• Impact investing funds
• Agritech investment
• Portfolio management services

Headquarters

HQ city

Üsküdar

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Venture Capital Fund Management: Letven Capital generates revenue through managing its venture capital investment funds (GSYF), including the GENIUS Venture Capital Investment Fund and the TARS Venture Capital Investment Fund. Revenue is derived from fund management fees charged to investors and fund participants.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Letven Capital is a Turkish venture capital portfolio management company that establishes and manages venture capital investment funds (GSYF) under a Capital Markets Board (SPK) operating license. Its primary offerings are the GENIUS Venture Capital Investment Fund, focused on green economy, circular economy, upcycling, renewable energy, Industry 5.0, AI, robotics, smart mobility, and digital transformation, and the TARS Venture Capital Investment Fund, a 200 million lira food and agriculture-focused fund developed in partnership with MÜSİAD. The firm sells fund units to investors and deploys capital into startups, generating revenue through fund management fees.

Product overview

Letven Capital operates as a venture capital portfolio management company offering two main investment funds: GENIUS Venture Capital Investment Fund (focused on green economy, circular economy, and digital technologies including AI, robotics, and smart mobility) and TARS Venture Capital Investment Fund (focused on food, agriculture, and technology with MÜSİAD partnership). The company also provides analysis and reports on agriculture, food production, technology innovation, and sustainability. Both funds target startups and ventures in Turkey with focus on green transformation and technology-driven solutions.

Differentiator

Problem solved

Functional benefit

Brands

• GENIUS: Venture Capital Investment Fund with focus on green economy, circular economy, upcycling, green industry, renewable energy, and sustainable technologies
• TARS

Products and services

• GENIUS Venture Capital Investment Fund (GENIUS Girişim Sermayesi Yatırım Fonu) A SPK-regulated venture capital investment fund focused on green economy, circular economy, upcycling, green industry, renewable energy technologies, and digital transformation including AI, robotics, AR/VR, biotechnology, and smart materials. Available to institutional and individual investors through subscription; total fund value TRY 16,469,092.23 with a unit share value of 2.389813 TL as of 25 June 2026.
• TARS Venture Capital Investment Fund (TARS Girişim Sermayesi Yatırım Fonu) A 200 million lira SPK-regulated venture capital investment fund focused on the food, agriculture, and related technologies sector, established in partnership with MÜSİAD (Independent Industrialists' and Businessmen's Association). Distributed through MÜSİAD's member network, providing institutional and individual investors with themed exposure to Turkish agrifood startups and growth-stage ventures.

Quantifiable outcome

• Three portfolio companies (Alova Farm, Récolte'm, Actio Mobilite) ranked in the Forbes Türkiye Girişim 2026 List
• +1 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Partnerships

One partnership is on record.

• MÜSİAD (Müstakil Sanayici ve İşadamları Derneği)coreStrategic or Co-development Partner · 3 March 2024MÜSİAD, Turkey's strongest and most widespread capital platform on a global scale, entered into a strategic cooperation with Letven Capital within the scope of the TARS Venture Capital Investment Fund. The TARS Fund is a 200 million lira food and agriculture focused venture capital fund, developed to support startups and entrepreneurs in Turkey's agrifood sector. This partnership enables MÜSİAD's extensive member network to access investment opportunities in the fund while leveraging Letven Capital's venture capital expertise.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Revo Capital: Turkey-focused venture capital fund manager investing in early- and growth-stage technology companies. Closest direct peer in terms of being a Turkey-headquartered VC GP managing multiple funds and competing for the same Turkish founder and LP ecosystem.
• 212 (TwoOneTwo): Turkish venture capital fund manager with multiple fund vintages and a focus on technology-enabled startups. Directly comparable as another Istanbul-based multi-fund VC GP competing for Turkish deal flow and institutional capital.
• ACT Venture Partners: Early-stage Turkish venture capital fund manager. Comparable as a domestic VC GP with similar fund size range and a similar focus on backing Turkish technology entrepreneurs.
• DCP (Dumlupınar Capital Partners): Istanbul-based venture capital and private equity firm managing technology-focused funds. Directly comparable as a Turkish GP managing institutional capital for technology and growth investments.
• Inventram: Turkish early-stage venture capital fund manager with a corporate-backed structure. Comparable as a domestic VC GP targeting similar sectors including industrial tech and digital transformation.

Emerging players

• Garaj Capital: Turkish venture capital fund manager focused on early-stage startups. Comparable as an emerging domestic VC GP with overlapping deal universe, though typically at earlier stages than Letven's growth tilt.
• KWORKS (ITU ARI Teknokent): Istanbul Technical University-affiliated early-stage investor and accelerator. Comparable as a domestic early-stage capital provider targeting Turkish tech founders, though primarily accelerator-led rather than a multi-fund VC platform.

Broad incumbents

• Sabancı Ventures: Corporate venture capital arm of Sabancı Holding, one of Turkey's largest conglomerates. Comparable as a Turkey-based VC investor with deeper pockets, though operates as a CVC within a much broader corporate portfolio rather than a sector-specialized GP.
• Index Ventures: Global venture capital firm with exposure to emerging market and tech-enabled companies. Relevant as a broader incumbent reference point for VC fund economics, fee structures, and institutional LP expectations.

Regional players

• Keiretsu Forum Turkey: Turkey chapter of the global Keiretsu Forum angel/early-stage investment network. Comparable as another channel for Turkish startup capital, though operates as a syndicate of angel investors rather than a traditional VC fund manager.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/letvencapital
• Xx.com/letvencapital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments16 records

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

Frequently asked questions about Letven Capital