212

Overview

212 is a venture capital firm founded in 2011-2012 that invests in growth-stage B2B tech startups primarily in Turkey, Central and Eastern Europe (CEE), and the Middle East and North Africa (MENA). It manages multiple funds totaling over €130M across three funds, with investments in 17 active portfolio companies and one exit, focusing on companies with proven product-market fit ready for international scaling.¹²³

History

212 was founded in 2011 or 2012 by Ali Karabey and Numan Numan as Turkey's first institutional venture capital fund.²³⁵ It raised its first fund of USD 30 million in 2012, followed by Fund II of €49-50 million closed in August 2020, and plans for a third fund targeting €70 million.²³ The firm has invested in over 14-17 companies, generating over USD 2 billion in portfolio value, and expanded its presence to Istanbul, London, Doha, Dubai, and San Francisco.¹²³

Sources (6)

1. https://212.vc
2. https://www.vestbee.com/vc-list/212-vc
3. https://startinturkiye.gov.tr/funds/212
4. https://212.vc/portfolio/
5. https://app.dealroom.co/investors/212_
6. https://212.vc/team/