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Collective Spark

Europe, Istanbul, Turkey, Istanbul

Description

Collective Spark is a prominent venture capital fund based in Istanbul, Turkey, dedicated to fostering the growth of early-stage technology ventures. Established with a clear vision to support innovative startups, the firm plays a crucial role in the burgeoning Turkish startup ecosystem and beyond. Its investment strategy is primarily centered on identifying and backing promising companies that demonstrate strong potential for disruption and scalability within various tech sectors, including SaaS, fintech, e-commerce, and artificial intelligence.

The fund typically targets companies from the Seed to Series A stages, providing critical capital during these formative periods. Collective Spark's initial investments generally range from $250,000 to $1,000,000, reflecting their commitment to providing substantial early-stage support while also allowing for follow-on investments as portfolio companies mature. This focused approach enables them to work closely with founders, offering not just financial backing but also strategic guidance and access to their extensive network.

Collective Spark has demonstrated significant growth and impact since its inception. The firm successfully closed its first fund, Collective Spark I, at $15 million, which was deployed across a diverse portfolio of promising startups. Building on this success, they have recently launched Collective Spark II, a new fund targeting a total of $50 million, signaling their continued ambition and confidence in the regional tech landscape. This expansion underscores their increasing capacity to fuel innovation and support a larger cohort of high-potential companies, solidifying their position as a key player in the venture capital scene.

The firm emphasizes a hands-on approach, leveraging the collective experience of its partners and advisors to help portfolio companies navigate challenges, scale operations, and achieve market leadership. Their commitment extends beyond capital, aiming to build long-term partnerships with entrepreneurs to drive sustainable growth and create significant value.

Investor Profile

Collective Spark has backed more than 33 startups, with 0 new investments in the last 12 months alone. The firm has led 16 rounds, about 48% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Turkey, United States, Germany.
  • Strong thematic focus on Software, Analytics, FinTech.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (39%)
  • Series A (21%)
  • Pre Seed (15%)
  • Series B (12%)
  • Series Unknown (12%)

Country Focus

  • Turkey (52%)
  • United States (30%)
  • Germany (9%)
  • Singapore (3%)
  • Greece (3%)
  • United Arab Emirates (3%)

Industry Focus

  • Software
  • Analytics
  • Fintech
  • Home Services
  • Enterprise Software
  • Saas
  • Logistics
  • Professional Services
  • Service Industry
  • Product Design
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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 Collective Spark frequently co-invest with?

Speedinvest
Europe, Wien, Austria, Vienna
Co-Investments: 2
Quona Capital
North America, District of Columbia, United States, Washington
Co-Investments: 2
Boğaziçi Ventures
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 2
Elevator Ventures
Europe, Wien, Austria, Vienna
Co-Investments: 2
EV
Europe, England, United Kingdom, London
Co-Investments: 2
Galata Business Angels
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 3
Acrew Capital
North America, California, United States, San Francisco
Co-Investments: 1
Wamda Capital
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 5
Maxis
Europe, Istanbul, Turkey, Besiktas
Co-Investments: 2
500 Emerging Europe
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does Collective Spark often collaborate with?

RO
Europe, England, United Kingdom, London
Shared Deals: 1
AK
North America, California, United States, San Francisco
Shared Deals: 1
FG
North America, California, United States, San Francisco
Shared Deals: 3
AK
Europe, Turkey
Shared Deals: 2
Emre Tok
Asia, Dubai, United Arab Emirates, Dubai
Shared Deals: 2
TM
Europe, Istanbul, Turkey
Shared Deals: 2
MM
Europe, Nordrhein-Westfalen, Germany, Cologne
Shared Deals: 3
SK
Europe, Austria
Shared Deals: 3
SC
North America, California, United States, San Francisco
Shared Deals: 1
DU
North America, Massachusetts, United States, Boston
Shared Deals: 1

What are some of recent deals done by Collective Spark?

Invent Analytics

Philadelphia, Pennsylvania, United States

Invent Analytics is a provider of AI-based inventory and pricing optimization solutions for retailers and FMCG companies.

AnalyticsMachine LearningRetailSoftware
Series BApr 29, 2024
Amount Raised: $17,000,000
Salus

Istanbul, Istanbul, Turkey

Salus develops a digital health system that provides mental health support.

Health CareMental Health
SeedNov 20, 2023
Amount Raised: $4,700,000
Veloxia Technology

Istanbul, Istanbul, Turkey

Veloxia Technology develops mobile games and applications.

GamingInternetMobileMobile AppsVideo Games
Series UnknownAug 7, 2023
Cenoa

Singapore, Central Region, Singapore

Cenoa is a borderless superwallet that improves access to dollar-based products in emerging countries

FinTechSoftware
SeedFeb 6, 2023
Amount Raised: $7,000,000
Invent Analytics

Philadelphia, Pennsylvania, United States

Invent Analytics is a provider of AI-based inventory and pricing optimization solutions for retailers and FMCG companies.

AnalyticsMachine LearningRetailSoftware
Series ADec 6, 2022
Amount Raised: $7,500,000
Salus

Istanbul, Istanbul, Turkey

Salus develops a digital health system that provides mental health support.

Health CareMental Health
Pre SeedOct 14, 2022
Amount Raised: $800,000
Spotawheel

Athens, Attiki, Greece

Spotawheel is a tech-driven used cars dealership platform that takes customer trust to a whole new level

AutomotivePredictive Analytics
Series BApr 27, 2022
Amount Raised: $105,544,350
Fundomundo

Wilmington, Delaware, United States

Fundomundo is an online education platform for children and young people aged 3 to 18.

E-LearningEducationPrimary Education
Pre SeedMar 15, 2022
Amount Raised: $900,000
Synnada

Austin, Texas, United States

Synnada is building the compute layer for the AI-native era, leading contributor of Apache DataFusion and Mithril.

Software
Pre SeedDec 28, 2021
Amount Raised: $2,600,000
Yolda

Hamburg, Hamburg, Germany

Yolda is a logistis company that combines advanced tech and data analytics, logistics infrastructure, and supply chain expertise.

AnalyticsFreight ServiceLogisticsSupply Chain ManagementTransportation
SeedDec 13, 2021
Amount Raised: $5,000,000