Early-stage venture capital

Capital that grows with founders

From pre-seed to Series A, we write the first checks for technology startups in Türkiye and neighboring markets, and work alongside them on product, team and sales growth.

Capital that *grows* with founders
Fund III: a new USD 180 million fund has closed
AgendaFund III: a new USD 180 million fund has closed Larger checks, more operational support: with Fund III we raise Series A checks to USD 6 million. Fund III details
Find out whether your idea is investment-ready
AgendaFind out whether your idea is investment-ready The eight-question startup readiness test shows your strengths and areas to prepare. Start the test
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At a glance

Our portfolio in numbers

Portfolio companies46
Assets under management310 M$
Successful exits9
Jobs created in the portfolio8.400+
By the founder's side, from day one
Who we are

By the founder's side, from day one

Sarmal Ventures was founded in 2016 by two former founders and an institutional investor. We manage three funds whose investors include domestic and international institutions, family offices and successful entrepreneurs. We do not just write checks; we work in the field with founders on product strategy, hiring and landing the first customers.

  • Checks of USD 250K – 6M from pre-seed to Series A
  • An average of 21 days from first meeting to decision
  • A dedicated platform partner for every portfolio company
Our approach
Investment process

From application to closing

  1. 01

    Application

    Send the form and your pitch deck.

  2. 02

    First meeting

    A 45-minute intro meeting within 7 days.

  3. 03

    Deep dive

    Product, customer and financial review; reference calls.

  4. 04

    Investment committee

    A decision by partner vote.

  5. 05

    Term sheet and closing

    Terms are finalized and funds are transferred within 30 days.

Free test

How investment-ready is your startup?

Take our eight-question readiness test and see your strengths and what to prepare across product, team, market and growth. Results are instant, free and shared only with you.

Question 1 / 8
1. What stage is your product at?
2. What does your founding team look like?
3. How big is your target market (TAM)?
4. How far has customer validation gone?
5. What is your monthly revenue growth?
6. What is your competitive advantage?
7. What is your growth ambition?
8. Do you have a plan for how the investment will be used?

This test is for information only and does not constitute an investment decision or commitment.

Founder voices

Through founders' eyes

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Sarmal's investment decision took three weeks; afterwards nine of our first ten enterprise customers were introduced thanks to the platform team. They work more like a co-founder than an investor.
Aslıhan DoğrulFounder and CEO, Tahsilo
Finding investors in deep tech and climate is hard. Sarmal understood our sector, asked the right questions and introduced investors from Europe for the next round.
Dr. Defne OkurFounder, İklimle
During the exit process the Sarmal team was with us, from evaluating offers to negotiating the agreement. They made sure our employees' equity plans were protected.
Taylan ErenFounder, Kumsal Games (exit 2024)
It took 19 days from application to term sheet. Feedback was clear and honest; in the very first meeting we even received a suggestion that made us change our product strategy.
Dr. Cem YaltırıkFounder, Anlam Lab
Team

Partners who work with founders

Explore all
Dr. Ceren AlparslanDr. Ceren AlparslanCo-founder and General Partner
Emre TaşkayaEmre TaşkayaCo-founder and General Partner
Selin YücekayaSelin YücekayaPartner – Fintech and SaaS
Burak ÖnderBurak ÖnderPartner – Deep Tech and Climate

The next great startup could be yours

Send us your pitch deck and we will get back to you within 7 business days.

WhatsApp +90 212 351 20 00 hello@sarmalventures.com