The fund, which aims to reach $150 million in size, will focus particularly on investments in mobile gaming startups.
Known for investing in early-stage startups, e2vc has established a new fund called e2vc Growth Fund to invest in companies at the Series A, B and C stages.
Established as a Venture Capital Investment Fund (GSYF) by Azimut Portföy Yönetimi, the fund aims to reach $150 million in size. The Turkish venture capital firm plans to invest up to $10 million in mobile gaming startups and global technology companies with ties to Türkiye.
Over the past 10 years, e2vc has primarily invested in pre-seed and seed-stage startups. With the new fund, it will also add more mature companies to its portfolio. Series A, B and C rounds are funding stages for startups that have established a degree of validation for their products and business models and need additional capital to scale. The fund will be able to support companies at these stages not only through initial investments but also in subsequent funding rounds.
This will allow e2vc to participate in the growth of companies it previously backed at an early stage. It will also be able to invest in new companies identified through its investment network.
With the launch of the new fund, e2vc’s total assets under management are expected to reach $600 million. The capital available for investment through Growth Fund and Fund III has exceeded $300 million.
The fund’s initial investment focus will be the mobile gaming sector. By the end of 2025, e2vc had invested in six gaming companies. One of them, Loom Games, reached unicorn status, while the valuations of three other startups exceeded $100 million. According to figures shared by e2vc, the gaming portfolio’s combined daily revenue reached $3 million at its peak.
In 2026, e2vc invested in five additional gaming companies, bringing the total number of companies in its portfolio to 11.
The fund’s second investment area will be global technology companies that have various connections to Türkiye, which e2vc describes as “Türkiye Nexus”. This includes not only startups based in Türkiye but also companies founded abroad by Turkish entrepreneurs, as well as businesses with engineering teams, research and development activities or operations located in the country.
According to the figures shared by e2vc, companies in its portfolio generate approximately $5 billion in annual revenue. Most of this revenue comes from international markets. Of the portfolio companies’ 3,000 employees, approximately 1,500 work in Türkiye.
The venture capital firm also plans to invest in startups serving consumer markets in Türkiye and neighboring countries that have the potential to expand regionally.
