About APY Ventures
APY Ventures is a venture capital firm located in Istanbul, Turkey. As of Jan 2026, APY Ventures is an active investor, having invested in 61 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 $***** Seed round of Flowla 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 12 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
APY Ventures' List of Top Investments
APY Ventures has a portfolio of 61 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 21 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by APY Ventures:
1. 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: 147 as on Mar 31, 2026
- Investors: DN Capital, SmartFin and 4 Others
- Latest Funding Round: Series A, Jan 20, 2026, $*****
- Highlight: Editors' Pick
_1538367467552.png?format=webp&height=120&width=120){kind=logo}
2. Wask.co
Ad campaign management platform. Its features include autopilot, scheduler, competitor analytics, budget management, performance comparison, and more. Provides iOS and Android based software applications. It offers subscription based pricing plans.
Key facts about Wask.co
- Founded Year: 2017
- Location: Istanbul (Turkey)
- Stage: Series A
- Total Funding till date: $4.26M
- Employee Count: 31 as on Mar 31, 2026
- Investors: Trkiye Kalknma Fonu, APY Ventures and 7 Others
- Latest Funding Round: Series A, Mar 28, 2023, $*****
- Highlight: Editors' Pick
3. 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
4. ADASTEC
Key facts about ADASTEC
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $3.81M
- Employee Count: 47 as on Jul 01, 2024
- Investors: Y Capital, Plug and Play Tech Center and 3 Others
- Latest Funding Round: Seed, Jul 07, 2025, $*****
5. Mükellef
Provider of company formation, online accounting, and tax management services. The company delivers solutions for entrepreneurs, including incorporation, virtual office, and trademark registration. It offers accounting software, tax filing, and support for incentives. The company facilitates services, such as opening bank accounts and payment processing.
Key facts about Mükellef
APY Ventures' Year-on-Year Investment Trends
APY Ventures has invested in 61 companies over the last 6 years, with an average of 10 new investments annually in the last 5 years. In 2025, it made 11 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Flowla and most recent follow-on round was in Mükellef.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
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 48 investments in Seed stage with an average round size of $1.27M, 4 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 | 48 |
Series A | 4 |
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 52 Tech companies, 35 Enterprise (B2B) companies, 35 Software companies and at least 20 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 24 |
FinTech | 9 |
High Tech | 9 |
Consumer | 8 |
Retail | 8 |
Others | 47 |
Note: We have considered here, only first round of investments
APY Ventures' Investments by Geography
APY Ventures has made most investments in Turkey (28), followed by United States where it has made 13 investments.Country | No. of Investments |
|---|---|
Turkey | 28 |
United States | 13 |
United Kingdom | 9 |
Germany | 2 |
Note: We have considered here, only first round of investments
APY Ventures' recent investments
APY Ventures has made 1 investments in 2026 so far - Flowla.Here are the most recent investments by APY Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 27, 2026 | United Kingdom | Seed | 3059 | [+3] | |
Dec 16, 2025 | Turkey | Seed | 8829 | [+1] | |
Nov 24, 2025 | Turkey | Seed | 8310 | [+4] | |
Nov 17, 2025 | United States | Seed | 4475 | [+2] | |
Oct 16, 2025 | United States | Seed | 9758 | [+5] |
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 | - | - | 4364 |
Team profile of APY Ventures
APY Ventures has a team of 12 members including 1 Partner and 2 Principals located in Turkey. APY Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in APY Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Turkey | - | - | |
Principal | Istanbul | - | ||
Principal | Istanbul | - |
Co-investors of APY Ventures
Over the past 6 years, 187 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 50 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: 107 investors entered a company along with APY Ventures. These include investors like Kuveyt Turk Portfolio (5 companies).
- Invested after APY Ventures: A total of 28 investors have invested in APY Ventures's portfolio after their investments. Top Investors include Trkiye Kalknma Fonu (3 companies), DN Capital (1 company) and SmartFin (1 company).
Recent News related to APY Ventures
•
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 3 others
•
New Investment in Mükellef Technology under the Leadership of Türkiye Development FundFintechtime•Dec 16, 2025•APY Ventures, Mükellef
•
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
•
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
•
Tark Games secures $2.5M funding led by Ludus VenturesMobidictum•Jul 09, 2025•Tark Games, Ludus, APY Ventures, Maxis
•
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
•
Milvus Robotics Received $4.5 Million InvestmentMaxi Haber•Jun 10, 2025•TT Ventures, Inveo Ventures, Maxis, APY Ventures and 1 other
•
Jobtogo Freelance Platform Continues Growth with New Investmentegirisim•Mar 13, 2025•Kuveyt Turk Portfolio, Jobtogo, APY Ventures, SGlobe
•
Fimple raises $12 million Series A fundingFintechtime•Feb 04, 2025•Fimple, APY Ventures, Tera Ventures, DN Capital and 2 others
•
Minted Connect raises funding at $10 million valuationFintechtime•Jan 07, 2025•Minted Connect, APY Ventures, insha Ventures, ForInvest and 4 others
