Equity Investment

From pre-seed to Series A

Equity Investment

We provide the first institutional investment with checks between USD 250K and 6M, and pro-rata support in follow-on rounds.

Check size: USD 250K – 6M

Equity investment is the beginning of our relationship, not the end. We write our checks standing on the same side as founders, with reasonable valuations and simple terms.

How we invest

  • Pre-seed: USD 250–600K; from idea stage to first prototype and customer discovery
  • Seed: USD 600K – 1.5M; MVP, first revenue and pilots
  • Series A: USD 2–6M; companies with proven product-market fit and recurring revenue

Our terms

We use a standard term sheet: a 1x non-participating liquidation preference, broad-based weighted average anti-dilution protection and four-year founder vesting. There are no hidden or aggressive clauses; you can review our term sheet in the Reports and Documents section.

Reserve policy

Fifty percent of Fund III is set aside for pro-rata in follow-on rounds. In other words, we continue to support the growth of startups with proven performance alongside new investors.

For more about our criteria, see the Investment Approach page.

To get detailed information on this topic or to schedule a meeting, you can fill in the application form or write to hello@sarmalventures.com.

Scope of service

  • Checks of USD 250K – 6M
  • 1x non-participating preference
  • 50% of reserves for pro-rata
  • Decision in an average of 21 days

Equity Investment — get a quote

Fill in the form and we will get back to you as soon as possible.

Frequently asked questions

At what stage and how much does Sarmal Ventures invest?
We invest from pre-seed to Series A. Initial checks range from USD 250K to 6M. Half of our reserves are set aside for pro-rata in portfolio companies' follow-on rounds.
How does the process work from application to decision?
After you send the application form and pitch deck we respond within 7 business days. If suitable, a 45-minute intro meeting follows, then product, customer and financial review and the investment committee. The average timeline is 21 days.
Do you only invest in startups in Türkiye?
Our priority is startups based in Türkiye or with founders in Türkiye. We also invest in startups targeting Central Asia, the Caucasus and MENA markets with a significant part of the team in Türkiye.
Which sectors do you not invest in?
We do not invest in weapons, gambling, tobacco or fossil fuel extraction. Crypto asset speculation and businesses based only on a consulting or services model that does not scale with technology are also outside our focus.
Is the confidentiality of my pitch deck protected when I apply?
Yes. Documents are reviewed only by the investment team and committee members and are not shared with third parties. Our team is bound by confidentiality, and if you request an additional NDA we can sign one.
WhatsApp +90 212 351 20 00 hello@sarmalventures.com