About APY Ventures
APY Ventures is a venture capital firm located in Istanbul, Turkey. As of Sep 2026, APY Ventures is an active investor, having invested in 64 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Turkey based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series A round of Circle Overall, APY Ventures portfolio has seen 1 acquisition, namely Manibux. A lot of funds co-invest with APY Ventures, with names like Kuveyt Turk Portfolio sharing a substantial percentage of its portfolio. APY Ventures has team of 8 people including 1 partners.Key Metrics
APY Ventures' List of Top Investments
APY Ventures has a portfolio of 64 companies. Their most notable investments are in Poliark and Turan.Their portfolio spans across Turkey, United States, United Kingdom and 2 more locations. They have invested in Enterprise Applications, High Tech, Retail and 20 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by APY Ventures:1. Circle
Developer of a 3D puzzle game involving object sorting. The game presents players with increasingly complex levels. Players organize, match, and clear real-world 3D objects.
Key facts about Circle
- Stage: Series A
- Total Funding till date: $32.2M
- Employee Count: 30 as on Sep 30, 2026
- Investors: Tencent, Andreessen Horowitz and 4 Others
- Latest Funding Round: Series A, Sep 24, 2026, $*****
- Highlight: Editors' Pick
2. Spektra
Developer of mobile-based casual games. The company specializes in the development of car racing & simulation games which include Parking Master Multiplayer and Real Car Parking. The games are available for iOS and Android users. It monetizes through in-game ads and purchases.
Key facts about Spektra
- Founded Year: 2020
- Location: Istanbul (Turkey)
- Stage: Series A
- Total Funding till date: $1.25M
- Employee Count: 12 as on Sep 30, 2026
- Investors: Ludus, Alfa Games Partners and 2 Others
- Latest Funding Round: Series A, Jun 08, 2026, $*****
- Highlight: Editors' Pick
3. Fimple
Provider of cloud-native platform for core banking and financial services. The platform offers modules for customer management, deposit handling, and loan lifecycle management. It facilitates payment processing, trade finance, and treasury management. The platform supports enterprise, retail, corporate, and digital-only banking use cases.
Key facts about Fimple
- Founded Year: 2022
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $30.5M
- Employee Count: 162 as on Sep 30, 2026
- Investors: SmartFin, Kuveyt Turk Portfolio and 5 Others
- Latest Funding Round: Series A, Jan 20, 2026, $*****
- Highlight: Editors' Pick
4. SuperGears
Mobile game studio specializing in racing games. It offers Racing Kingdom a mobile racing game platform that allows players to craft their racing machines from scratch, and an engaging pet buddy.
Key facts about SuperGears
5. GoWit
Provider of a platform for retail media advertising and monetization. The platform empowers retailers, brands, agencies, and publishers to monetize advertisements. It supports online and offline channels. The platform offers tools for campaign management, data activation, and full-funnel activation. It provides options for self-service or managed campaign execution.
Key facts about GoWit
- Founded Year: 2019
- Location: Newark (United States)
- Stage: Seed
- Total Funding till date: $2.3M
- Employee Count: 34 as on Sep 30, 2026
- Investors: Esas Ventures, Diffusion Capital Partners and 6 Others
- Latest Funding Round: Seed, Nov 17, 2025, $*****
APY Ventures' Year-on-Year Investment Trends
APY Ventures has invested in 64 companies over the last 6 years, with an average of 11 new investments annually in the last 5 years. In 2025, it made 11 investments, while as of Sep 2026, it has made 5 investments in this year. Its most recent first time investment was in Spektra and most recent follow-on round was in Circle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 7 | 4 | 11 |
2024 | 11 | 4 | 15 |
2023 | 20 | 2 | 22 |
2022 | 10 | 0 | 10 |
2021 | 3 | 0 | 3 |
2020 | 1 | 0 | 1 |
APY Ventures' Investments by Stage
APY Ventures has made 50 investments in Seed stage with an average round size of $1.28M, 5 investments in Series A stage with an average round size of $1.91M and 1 investment in Series B stage with an average round size of $13.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 50 |
Series A | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
APY Ventures' Investments by Sector
APY Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Consumer and Retail. Notably, it has invested in 54 Tech companies, 36 Software companies, 35 Enterprise (B2B) companies and at least 22 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 23 |
FinTech | 9 |
High Tech | 9 |
Consumer | 8 |
Retail | 8 |
Others | 52 |
Note: We have considered here, only first round of investments
APY Ventures' Investments by Geography
APY Ventures has made most investments in Turkey (30), followed by United States where it has made 14 investments.Country | No. of Investments |
|---|---|
Turkey | 30 |
United States | 14 |
United Kingdom | 9 |
Germany | 2 |
Note: We have considered here, only first round of investments
APY Ventures' recent investments
APY Ventures has made 5 investments in 2026 so far. Circle and Spektra are the latest among them.Here are the most recent investments by APY Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 24, 2026 | - | Series A | 6369 | [+3] | |
Jun 08, 2026 | Turkey | Series A | 3667 | [+1] | |
May 05, 2026 | Turkey | Seed | 8097 | [+1] | |
Feb 11, 2026 | United States | Seed | 7985 | [+2] | |
Jan 27, 2026 | United Kingdom | Seed | 5867 | [+3] |
Acquired companies in APY Ventures' Portfolio
1 company from APY Ventures' portfolio has been acquired. The most recent acquisition was Manibux in Aug 2025 by insha Ventures for $*****.Here are APY Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 28, 2025 | - | - | 5551 |
Team profile of APY Ventures
APY Ventures has a team of 8 members located in Turkey. APY Ventures' team does not sit on the board of any company as of now.Co-investors of APY Ventures
Over the past 6 years, 195 investors have co-invested in APY Ventures's portfolio companies. This includes funds and angels.
- Invested before APY Ventures: TechOne Venture Capital, EIC Fund and 55 others have invested in rounds before APY Ventures. There are 3 companies where TechOne Venture Capital has invested before APY Ventures and 2 companies where EIC Fund has invested before APY Ventures.
- Top Co-investors of APY Ventures: 109 investors entered a company along with APY Ventures. These include investors like Kuveyt Turk Portfolio (5 companies).
- Invested after APY Ventures: A total of 29 investors have invested in APY Ventures's portfolio after their investments. Top Investors include Trkiye Kalknma Fonu (3 companies), Tencent (1 company) and DN Capital (1 company).
Recent News related to APY Ventures
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Spektra Games receives investment from APY Ventures to scale Highway Racer ProMobidictum•Jun 08, 2026•Spektra, APY Ventures
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Mindtail raises $2 million to set a new standard in the hybrid casual puzzle genreMobidictum•May 05, 2026•Akportfoy, Inveo Ventures, APY Ventures, Mindtail
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London-Based Flowla Secures $2.5M in Funding to Scale Its Buyer Journey Automation EngineStartup Rise EU•Jan 27, 2026•Sharks&Partners, Flowla, APY Ventures, Revo Capital and 4 others
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New Investment in Mükellef Technology under the Leadership of Türkiye Development FundFintechtime•Dec 16, 2025•APY Ventures, Mükellef
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GoWit Secures Strategic Investment Led by Nuwa Capital to Drive the Next Era of AI Retail Media in EMEABusiness Wire•Nov 17, 2025•Formus Capital, GoWit, APY Ventures, Nuwa Capital and 1 other
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Circle Games secures $7.25M in funding led by Bitkraft Ventures to develop its projects and expand its teamGamesIndustry•Jul 11, 2025•Circle, BITKRAFT Ventures, Andreessen Horowitz, APY Ventures and 2 others
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Tark Games secures $2.5M funding led by Ludus VenturesMobidictum•Jul 09, 2025•TARK Games, Ludus, APY Ventures, Maxis
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Circle Games secures $7.25M to expand mobile puzzle game portfolioMobidictum•Jul 09, 2025•Circle of Games, BITKRAFT Ventures, Andreessen Horowitz, Play Ventures and 2 others
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Milvus Robotics Received $4.5 Million InvestmentMaxi Haber•Jun 10, 2025•TT Ventures, Inveo Ventures, Maxis, APY Ventures and 1 other
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Jobtogo Freelance Platform Continues Growth with New Investmentegirisim•Mar 13, 2025•Kuveyt Turk Portfolio, Jobtogo, APY Ventures, SGlobe
