# Revo Capital

Revo Capital is a Private Equity based in Istanbul, Turkey.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Istanbul, Turkey
- **Region:** Middle East
- **Address:** Istanbul, Turkey
- **Founded:** 2013
- **Assets under management:** $86M
- **Website:** www.revo.vc
- **LinkedIn:** https://www.linkedin.com/company/revo-capital

## Regulatory record

- **CRD number:** 285364
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/285364

## About

Revo Capital is an early-stage venture capital firm investing in seed and Series A/B technology startups with Turkish roots. The firm focuses on fintech, B2B SaaS, cybersecurity, health-technology, energy, gaming, and AI as a horizontal catalyst. Revo Capital Fund III closed its first round at $86 million with a target of $100 million in 2025.

## Sectors

- FinTech
- B2B SaaS
- Cybersecurity
- Health Technology
- Energy
- Gaming
- AI/ML

## People

- Cenk Bayrakdar — Managing Partner
- Berkin Toktaş — Partner
- Jaap van Dijk — Partner
- Onno Jacobs — Partner

## Questions

### How does Revo Capital's structure as a DFI-backed fund shape its investment behavior?

Revo is anchored by IFC, KfW-DEG, EBRD, and EIF — investors with developmental mandates that allow longer holding periods and a focus on local ecosystem building. This means Revo can lead Series A rounds in a market where only 3.4% of seed-funded startups reach that stage, without the immediate exit pressure of pure financial LPs. The firm explicitly treats its capital as a bridge between Turkish seed formation and global scale, a posture reinforced by its Fund III strategy of reserving meaningful follow-on for each portfolio company.

### Who runs investment decisions at Revo Capital?

Managing Partner Cenk Bayrakdar leads the investment team, with Partners Berkin Toktaş, Jaap van Dijk, and Onno Jacobs listed on the firm’s website. The group draws on diversified product, business, and finance backgrounds. While specific investment committee mechanics are not publicly detailed, the website emphasizes a hands-on, partnership-driven approach with founders across their growth lifecycle.

### Does Revo Capital participate in fund commitments or only direct deals?

Revo makes direct equity investments in early-stage technology companies and does not publicly market a fund-of-funds or LP-commitment program. The firm occasionally co-invests alongside global venture funds — a16z Speedrun and Ludus Ventures participated in its Alpaka Games deal — and is itself backed by six corporate venture capital funds (per firm website, 2025).

### Which sectors does Revo Capital explicitly avoid?

Revo's stated vertical focus includes fintech, B2B SaaS, cybersecurity, cloud operations, health tech, energy, and gaming (the latter two added under Fund III). The firm’s ES policy commits it to avoiding portfolio companies flagged as having unacceptable environmental or social risks per its LP exclusion lists. Beyond those hard exclusions, Revo selectively invests outside its core themes when founder quality and global market potential are exceptional.

### How is Revo Capital related to the broader Turkish ecosystem?

Revo is the largest VC in Turkey by fund size and has backed 40 companies, with its portfolio accounting for 54% of all venture capital raised by Turkish startups since 2021 (per firm website, 2025). It sponsors Istanbul Slush’D, partners with Microsoft’s investor network, and reports that 92% of the $3.5 billion in follow-on funding its companies have attracted comes from international investors.

## Related profiles

- [Revival Lab](https://altss.com/profile/revival-lab)
- [Revolent Capital Solutions](https://altss.com/profile/revolent-capital-solutions)

---

Last updated: 2026-07-10T10:54:28.000Z

Canonical page: https://altss.com/profile/revo-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology