With the cooperation between the three funds, it is aimed to invest in early-stage technology startups that are in the market entry or pre-market stage.
Alesta Investment, which has invested in more than 50 startups in a wide range from cyber security to biotechnology, from SaaS platform to battery technologies, from games to online therapy, with the cooperation between Cross Ocean Ventures, which has 8 investments, working on the commercialization, growth and access to capital of European startups in the US market, and Geometry Angel Investment Fund, which implements the Rolling Fund in Turkiye and participates in the investment tour of 15 startups, invests $100 thousand in order for early stage technology startups that are in the market entry stage to quickly reach the first capital they need.
Investments of Alesta Investment: The digital therapy platform Evimdekipsikolog, BirFatura, which offers order and invoice management for e-commerce sites, Kidolog, an online child development platform, Bakiyem.com, which makes it easy to receive payments, Nicat Battery, which produces nickel-based cathodes for batteries and R&D studies supported by artificial intelligence, new generation art investment platform Artiox, digital beauty assistant Meloknows, Hubbox, which develops technologies that provide remote management and control of automation systems, and Bren startups that provide energy, maintenance and time savings to its customers by monitoring with artificial intelligence-based wireless sensors that can produce its own energy and industrial IoT technology.
Cross Ocean Ventures (COV) focuses on Saas, Web 3, Fintech, Cybersecurity, Healthcare as a Netherlands-based international seed stage investment fund focused on the rapid growth of European-based startups in the US Market. Founded by Serhat Pala and Zeynep Ilgaz, the founders of Cross Ocean Ventures have multiple exits in the USA and have extensive experience in business management, commercialization and investment.
Nebyan Dogal, BarakaTech, Enhencer, HoustonBionics, Glaucot and Postuby startups are among the startups in the portfolio of the Geometry Angel Investment Fund, which includes 83 investors that enable investment in startups with modest capital and implement the rolling fund and syndicate model together.
In the evaluation process of early stage technology startups that have applied for an investment of $100 thousand, the problem that the startup is working on and the value proposition it presents will be prioritized, along with the criteria for growth and rapid scaling potential, business model, sustainable competitive advantage, the size of the targeted market and the adequacy of the current team in the relevant subject.
In addition to the capital to be provided to the startups within the scope of the $100K investment, as they have implemented in the startups in their portfolio, it is planned to provide support for their scaling and opening to global markets. It is planned to work with entrepreneurs in order to help startups with the issues they need to open up to new markets and to enable them to better understand their customer or user discovery.
Entrepreneurs who want to be involved in the process can apply on the Geometry Venture Development website geometryventure.dev.
Source: Egirisim / Prepared by Irem Yildiz