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212

Europe, Istanbul, Turkey, Istanbul

Description

212 is a prominent early-stage venture capital firm based in Istanbul, Turkey, with a strategic presence in Doha and San Francisco. The firm primarily focuses on technology companies within Emerging Europe, encompassing Turkey, Eastern Europe, and the MENA region. 212 positions itself as a crucial bridge between these dynamic emerging markets and global innovation hubs, particularly Silicon Valley. Their investment thesis centers on identifying and nurturing high-growth potential startups that are poised for international expansion, leveraging their unique geographic footprint to facilitate cross-border opportunities.

The firm's approach extends beyond capital provision, emphasizing deep operational support and extensive network access for its portfolio companies. 212 actively works with founders to refine their strategies, scale their operations, and navigate the complexities of global markets. By maintaining offices in both Istanbul and San Francisco, 212 offers a distinct advantage, enabling seamless integration for companies looking to access Western markets and expertise, while also providing a gateway for global investors seeking opportunities in Emerging Europe. This dual presence underscores their commitment to fostering a vibrant diaspora network and expanding the reach of their portfolio.

212 typically invests in Seed and Series A rounds, with initial checks ranging from $250,000 to $1,000,000. They also possess significant follow-on capacity to support their portfolio companies through subsequent funding rounds. Since its inception, 212 has successfully raised over $100 million across its various funds, demonstrating substantial financial backing for its investment activities. The firm has built a diverse portfolio, having invested in more than 20 companies across over 10 different industries, reflecting a broad interest in sectors ripe for technological disruption within their target regions.

Investor Profile

212 has backed more than 32 startups, with 4 new investments in the last 12 months alone. The firm has led 13 rounds, about 41% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Turkey, United Kingdom.
  • Strong thematic focus on Artificial Intelligence (AI), SaaS, Software.
  • Led 2 rounds in the past year.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (34%)
  • Seed (25%)
  • Series B (16%)
  • Convertible Note (6%)
  • Pre Seed (6%)
  • Series D (3%)
  • Secondary Market (3%)
  • Series Unknown (3%)
  • Series C (3%)

Country Focus

  • United States (38%)
  • Turkey (38%)
  • United Kingdom (13%)
  • Qatar (3%)
  • Hungary (3%)
  • Canada (3%)
  • United Arab Emirates (3%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Saas
  • Software
  • E-commerce
  • Information Technology
  • Payments
  • Machine Learning
  • Food Delivery
  • Productivity Tools
  • Human Resources
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does 212 frequently co-invest with?

Speedinvest
Europe, Wien, Austria, Vienna
Co-Investments: 5
Aslanoba Capital
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 3
Vickers Venture Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 2
International Finance Corporation
North America, District of Columbia, United States, Washington
Co-Investments: 2
Endeavor Catalyst
North America, New York, United States, New York
Co-Investments: 5
Daphni
Europe, Ile-de-France, France, Paris
Co-Investments: 2
500 Global
North America, California, United States, San Francisco
Co-Investments: 3
Co-Investments: 2
Wamda Capital
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 2

Which angels does 212 often collaborate with?

SB
North America, California, United States, San Francisco
Shared Deals: 1
SG
North America, New York, United States, New York
Shared Deals: 1
GA
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
HA
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
Shared Deals: 1
SO
Europe, Turkey
Shared Deals: 1
BG
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
SS
North America, California, United States, Menlo Park
Shared Deals: 1
CP
North America, Connecticut, United States, Norwalk
Shared Deals: 1
FK
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1

What are some of recent deals done by 212?

PhilosopherKing

Las Vegas, Nevada, United States

PhilosopherKing is a AI-powered games platform.

Artificial Intelligence (AI)GamingOnline Games
SeedMar 19, 2025
Amount Raised: $3,000,000
Flow48

Dubai, Dubai, United Arab Emirates

Flow48 is a financial technology company specializing in revenue-based financing solutions for small and medium-sized enterprises.

Commercial LendingFinanceFinancial ServicesFinTechSmall and Medium Businesses
Series AFeb 24, 2025
Amount Raised: $69,000,000
Keyrails

Calgary, Alberta, Canada

Keyrails is a financial services company that offers USD virtual accounts, payments, and API-powered solutions for fintech organizations.

FinanceFinancial ServicesPayments
Pre SeedOct 22, 2024
Amount Raised: $2,400,000
Trio Mobil

Marietta, Georgia, United States

Trio Mobil develops solutions to prevent accidents and improve efficiency in industrial operations to achieve the zero accident goal.

Artificial Intelligence (AI)Big DataEnterprise SoftwareInternet of ThingsSaaS
Secondary MarketJul 29, 2024
Amount Raised: $26,500,000
Wellbees

Istanbul, Istanbul, Turkey

Wellbees is a B2B SaaS employee wellbeing platform.

Human ResourcesSoftwareWellness
Convertible NoteApr 3, 2024
Amount Raised: $1,000,000
RemotePass

Boston, Massachusetts, United States

RemotePass is an all-in-one platform for companies to onboard, manage, pay, and retain remote workers in 150 countries

FinTechHuman ResourcesSaaSSoftware
Series AMar 5, 2024
Amount Raised: $5,500,000
Getmobil

Sisli, Istanbul, Turkey

Getmobill offers services in refurbished devices and their sale and resale.

ProcurementRetailWaste Management
SeedFeb 13, 2024
Amount Raised: $4,000,000
Flow48

London, England, United Kingdom

Flow48 is a platform that allows companies to access capital by providing revenue-based finance services.

Commercial LendingFinanceFinancial Services
SeedNov 9, 2023
Amount Raised: $25,000,000
Fazla Gıda

Istanbul, Istanbul, Turkey

Fazla Gıda is a technology solutions company that prevents food waste.

Food DeliveryInformation TechnologyProfessional ServicesWaste Management
Series BJun 7, 2023
Amount Raised: $6,000,000
HotelRunner

London, England, United Kingdom

HotelRunner offers a unified sales and distribution platform and a B2B network for accommodations, travel agencies, and payment gateways.

HospitalityHotelInformation TechnologyMarketing AutomationPaymentsProductivity ToolsSalesTravel Agency
Series AJan 17, 2023
Amount Raised: $6,500,000