212 (venture capital)

212 (venture capital)

212 is a venture capital firm based in Luxembourg that is focused on internet, communication and technology companies.

212 is a venture capital firm specializing in early venture, mid venture, and late venture investments. The firm focuses on investments in internet, communication, and technology companies with a focus on software, social gaming, eCommerce, mobile, social media, and the cloud. It seeks to invest in Turkey, the CEE region, and the Middle East countries. 212 was founded in 2011 and is based in Luxembourg, Istanbul and Doha .

History

212 was founded on Dec 2, 2011, by Ali Karabey and Numan Numan with the vision of investing in Turkey and its region. The headquarters are located in Luxembourg with two additional offices in Istanbul , Turkey and Doha, Qatar. Numan was previously a banker at Goldman Sachs, New York and Karabey worked for Morgan Stanley, New York.

Investments

212 invests in B2B technology startups. The firm invests between $0.5 million and $3 million in its portfolio companies. It prefers to take a minority stake in its companies. 212 has made 16 investments. On Jan 19, 2017, they invested $12M in iyzico. 212 has raised a total of $64.4M across 2 funds. The 212 Regional Fund II was announced on Oct 18, 2018, and raised a total of €30M.

The firm is focused on “companies that are ready to sell internationally and are already selling”. 212 has launched four companies as of 2019. One of the companies is Lyzico, a payment processing business in Turkey and another is Insider, an e-commerce enables platform in focused in southeast Asia. As of 2019 the firm’s portfolio companies were generating half their revenues outside the Turkish market.

Timeline

April 18, 2019

Investing in ODC

March 7, 2019

Investment in digital signage firm Omma.

October 18, 2018

212 Regional Fund II

€30M

January 19, 2017

iyzico

Series C - iyzico

$12M

September 19, 2016

INSIDER.

Series A - INSIDER.

$2.2M

May 26, 2015

iyzico

Series B - iyzico

$6.2M

August 26, 2014

iyzico

Series B - iyzico

$1.4M

June 9, 2014

Flat4Day

Series B - Flat4Day

$6M

March 5, 2014

Solvoyo

Venture Round - Solvoyo

$1M

August 27, 2013

Solvoyo

Series B - Solvoyo

$250K

Page 1 of 2

Funded Companies

Company
Description
Industry
Website
Location
Chooch AI

A company that develops computer vision software for visual data, including satellite imagery, CCTV footage, medical imaging, drones, image archives, and sensors.

1 Result
Results per page:
Page 1 of 1

People

Name
Role
LinkedIn

Ali H. Karabey

Founding Partner

Ezabel Nihmet

Chief Financial Officer

Ipek Celiksoz

Associate

Maher Hakim

Partner

Numan Numan

Founding partner

Further reading

Title
Author
Link
Type
Date

Gaziantep Zirve Üniversitesi Etkili Özgeçmiş Oluşturma ve Mülakat Semineri | Kariyer Rehberi

Editor

Web

Meet Maher Hakim, 212's Newest Partner - 212.vc - Medium

Numan Numan

Web

Documentaries, videos and podcasts

Title
Date
Link

17 Şubat 2012 - Etohum Kampı Antalya / Ali Karabey+

28 February 2012

Ali Karabey: Why not an accelerator?

Kolektif House Explore | Ali Karabey - Managing Director at 212

Companies

Company
CEO
Location
Products/Services

Arcade Monk

Balerin

Butigo

Evim

Hazinem

Hemen Kiralik

Hotel Runner

Insider

iyzico

ODC

Oguz Küçükbarak

Istanbul

Omma

Tolga Şen

Istanbul

Parca Deposu

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.