# Turkey Development Fund

Turkey Development Fund is a Private Equity based in Istanbul, Turkey.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Istanbul, Turkey
- **Region:** Middle East
- **Address:** Umraniye, Istanbul, Turkey
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** turkiyekalkinmafonu.com.tr
- **LinkedIn:** https://www.linkedin.com/company/t%c3%bcrkiye-kalk%c4%b1nma-fonu

## Regulatory record

- **Reports private funds:** No

## About

Turkey Development Fund is an economic development agency based in Istanbul, Turkey. Established in 2019, the agency aims to invest in companies and funds.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- Mobility & Transportation
- Energy Transition & Renewables
- Digital Health
- AgriTech & FoodTech

## Questions

### What investment stages does Turkey Development Fund target?

The firm invests from seed through late-stage expansion rounds, with particular activity in early-stage and growth equity. It also runs a co-investment model alongside corporate partners, giving it flexibility to lead or follow across the cap table. This multi-stage posture is unusual among Turkish managers, most of whom focus on a single stage band.

### Which sectors does Turkey Development Fund prioritize?

Confirmed sector exposure includes enterprise software, fintech, AI and machine learning applications, mobility and transportation, and digital health. Turkey produces a high volume of engineering graduates annually, and the domestic startup ecosystem is concentrated in B2B SaaS, payments infrastructure, and logistics tech. The firm's sector tags align with these national strengths.

## Related profiles

- [Turing Technology Group](https://altss.com/profile/turing-technology-group)
- [Türk Telekom Ventures](https://altss.com/profile/t-rk-telekom-ventures)

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Last updated: 2026-05-29T22:22:59.366Z

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