Keiretsu Forum Turkey will continue to invest in innovative, fast-growing startups this year, regardless of the sector.
We have previously written that Angel Investment Network Keiretsu Forum Turkey invested in three-dimensional body analysis Digime, e-logistics Packupp and Iletmen, real estate technologies Missafir, goods exchange platform Barty, battery technologies Nicat, innovative beverage Reneva, educational technologies Magistum, psychological support My home psychologist and financial technology Paratic.
Noting that they have invested ₺75 million in 55 enterprises since 2012, Duygu Eren, the general manager of the platform, reminds that they made an investment of ₺6 million last year and adds: “Our goal for this year is to exceed this amount.”
2021 Goals
Stating that Keiretsu Forum is the only global angel investment network in Turkey, Eren said, “In 2021, it will focus more on technology-based, revenue-generating enterprises with a valuation of less than $3 million. It meets the expectations of most investments both globally and in Turkey. We are designing innovative initiatives that have established their legal personality, started issuing invoices, technology-based, scalable, with rapid growth potential, as the investment area of Keiretsu Forum. In other words, Keiretsu Forum Turkey will continue to invest in innovative, fast-growing startups that generate income, regardless of the sector, in 2021.”
How do they make the decision to invest?
As Keiretsu Forum, it is not under a fund organizational structure. As an angel investment network, its investors are invested either individually or as a group. From this point of view, it is not possible for us to make investment planning institutionally. Investment processes at the Keiretsu Forum are determined in 3 meetings in at least 45 days. At the Initiative Screening Meeting, which is the first meeting, the initiatives that pass the elimination process become clear in the second meeting, namely the Investor Forum Meeting. In the last meeting, “Deep Dive” meeting is focused on investment. Investors make investment decisions by taking advantage of the enlightening documents provided to them.
“The pandemic did not slow down the investment processes, it accelerated them. The number of our investor members and the number of our investments increased during the pandemic process. Physical meetings stopped due to the pandemic. As Keiretsu Forum, we now hold our investment meetings in Zoom. During the pandemic, our investment and investor profile did not change. On the contrary, the number of our investor members and investments increased a lot.”
Source: Webrazzi / Translated by Irem Yildiz