Paris-based investment firm Ventech announced that they have created a fund of €100m titled Ventech Capital F for the entrepreneurs in Europe. The fund, with particular interest in the developments in Turkey and the BRIC countries (Brazil, Russia, India and China), will focus on the digital economy, including the internet, media, e-commerce, mobile, along with technology such as SaaS or open-source software, hardware and communication.
Ventech, established in 1998 and focused on technology-based enterprises, has almost 70 companies in its portfolio. The rapid development of Turkish digital industry called the fund managers’ attention and placed Turkey in the list besides the BRIC countries.
The awkward silence Rocket Internet’s exit out of the Turkish market created is finally ending as the investments increase in Turkey. $44m investment from General Atlantic to yemeksepeti.com and Atomico’s presence in Turkey have stirred interest.
It is not currently known which companies are on Ventech’s radar.