About Growth Circuit
Growth Circuit is a venture capital firm founded in 2017. It is primarily based out of Cankaya, Turkey. As of Nov 2022, Growth Circuit has invested in 18 companies. It primarily invests in Seed round in Turkey based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and HealthTech. Most recently it participated in the $***** Seed round of KuartisMED Overall, Growth Circuit portfolio has seen 1 acquisition, namely Garaj Sepeti. A lot of funds co-invest with Growth Circuit, with names like John Health sharing a substantial percentage of its portfolio. Growth Circuit has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Growth Circuit's List of Top Investments
Growth Circuit has a portfolio of 18 companies. Their most notable investments include Garaj Sepeti and Sensgreen.Their portfolio spans across Turkey, United States, Anguilla and 1 more locations. They have invested in Enterprise Applications, Consumer, HealthTech and 11 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Growth Circuit:1. Garaj Sepeti
Vertical solutions for car owners and automotive workshops. Its offering includes an online classified portal for automotive products & services, a car rental marketplace, a workshop management system, and an automotive content platform. It offers features including online marketing, spare parts inquiry, communication with potential customers, and enterprise data services.
Key facts about Garaj Sepeti
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2. Sensgreen
Provider of platform for building management, automation, and energy efficiency. The platform offers tools for data analysis, device management, and integrations across various building systems. It facilitates the connection of devices, collection of data, and automation of HVAC control. The platform aims to improve building performance and reduce energy waste through real-time monitoring and actionable insights.
Key facts about Sensgreen
3. Arya Finance
Arya provides an AI-based trade analysis platform for investors. It helps in trade performance analysis and risk management. It features trade recommendations and data analysis tools for copy trading. It offers technical analysis solutions for integration with trading platforms.
Key facts about Arya Finance
- Founded Year: 2017
- Location: Konak (Turkey)
- Stage: Funding Raised
- Employee Count: 2 as on Aug 31, 2026
- Investors: TEB and Growth Circuit
4. KuartisMED
Developer of a device to assess the feeding maturity of preterm babies. The company's devices include Neosafe which is a non-invasive biomedical diagnostic device for monitoring the feeding ability of newborns.
Key facts about KuartisMED
- Founded Year: 2012
- Location: Ankara (Turkey)
- Stage: Seed
- Total Funding till date: $1.8M
- Employee Count: 9 as on Aug 31, 2026
- Investors: EIC Fund, APY Ventures and 8 Others
- Latest Funding Round: Seed, Nov 28, 2022, $*****
5. Blok-Z
Provider of hourly, location-based Scope 2 emissions accounting and energy matching. The company offers a platform that automates carbon-free energy matching and certificate tracking. It delivers reports and highlights savings opportunities. The platform integrates data and applies grid emission factors to calculate carbon footprint. It provides audit-ready reports and dashboards for verified impact and progress visualization.
Key facts about Blok-Z
- Founded Year: 2018
- Location: Berlin (Germany)
- Stage: Seed
- Total Funding till date: $500K
- Employee Count: 12 as on May 31, 2026
- Investors: Consensys Labs, Odtuteknokent and 3 Others
- Latest Funding Round: Seed, Sep 17, 2024, $*****
Growth Circuit's Year-on-Year Investment Trends
Growth Circuit has invested in 18 companies over the last 6 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in KuartisMED.Growth Circuit's Investments by Stage
Growth Circuit has made 1 investment in Seed stage with an average round size of $1.8M and 1 investment in Series A stage with an average round size of $1.5M.Growth Circuit's Investments by Sector
Growth Circuit has a diverse portfolio, with companies operating in the Auto Tech, HealthTech, High Tech, Internet of Things - Industry Applications and Life Sciences. Notably, it has invested in 17 Tech companies, 10 Enterprise (B2B) companies, 8 Consumer (B2C) companies and at least 7 companies focusing on Software.Sector | No. of Investments |
|---|---|
Auto Tech | 1 |
HealthTech | 1 |
High Tech | 1 |
Internet of Things - Industry Applications | 1 |
Life Sciences | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Growth Circuit's Investments by Geography
Growth Circuit has made most investments in Turkey (2).Growth Circuit's recent investments
Growth Circuit has not made any investment in 2026 so far.Here are the most recent investments by Growth Circuit:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 28, 2022 | Turkey | Seed | 8056 | [+4] | |
Jan 10, 2020 | Turkey | Series A | 5988 | [+6] |
Acquired companies in Growth Circuit's Portfolio
1 company from Growth Circuit's portfolio has been acquired. The most recent acquisition was Garaj Sepeti in Jun 2021 by Kavak for $*****.Here are Growth Circuit's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 29, 2021 | Jan 10, 2020 | Series A | 4469 |
Team profile of Growth Circuit
Growth Circuit has a team of 2 members including 2 Partners located in Turkey and Estonia. Growth Circuit's team does not sit on the board of any company as of now.Co-investors of Growth Circuit
Over the past 6 years, 14 investors have co-invested in Growth Circuit's portfolio companies. This includes funds and angels.
- Invested before Growth Circuit: Europa and EIC Fund have invested in rounds before Growth Circuit. There is 1 company where Europa has invested before Growth Circuit and 1 company where EIC Fund has invested before Growth Circuit.
- Top Co-investors of Growth Circuit: 12 investors entered a company along with Growth Circuit. These include investors like John Health (1 company).
Recent News related to Growth Circuit
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Domestic startup KuartisMED, which develops technologies for newborn health and well-being, received an investment of 1.8 million dollarsegirisim•Nov 28, 2022•KuartisMED, Arya Women, APY Ventures, Growth Circuit and 2 others
