TechOne VC continues to support the success journey of innovative startups. TechOne VC, which aims to transform the ventures it invests into global actors, made its debut with the sale of Tridi Teknoloji shares to Xometry Inc., the world’s largest production platform. After the successful debut, Tridi’s new name was Xometry Turkiye.
TechOne VC continues its activities in the startup investment ecosystem without slowing down. TechOne VC, which supports the development of Tridi’s business processes, of which it is an investor, successfully completed its debut with the acquisition of the venture by Xometry, the world’s largest production platform. With the statement made after the agreement, it was shared with the public that Tridi’s new name was “Xometry Turkiye”.
Tridi, which was founded in 2014 by Sultan Nur Bulut, Cinar Topaloglu and Onur Keskin, and completed its first investment round in 2021 under the leadership of Techone VC, has become one of the leading actors in the region in the field of non-mass production. Tridi, which will continue its activities under the name Xometry Turkiye in the coming period, will take steps that will contribute to the digital transformation in the field of production with the momentum it has achieved. With the merger move, Xometry’s “Instant Price Engine” technology will also be brought to Turkiye, thus enabling customers to price their projects.
“We are happy to contribute to Tridi’s exit process”
Making evaluations about Tridi’s exit process, TechOne VC Managing Partner Yigit Arslan said, “As TechOne VC, we continue to tirelessly support entrepreneurs that we believe will shape the future. We are very happy that we made our debut as a fund in an unexpectedly short period of 12 months following the investment. We believe that Tridi can become a regional player from the very first day, and we use our resources effectively to accelerate this process. We are pleased to contribute to the exit process of Tridi, which was acquired by Xometry Inc, the world’s leading, US-based publicly traded production platform. We believe that the founding staff and dynamic team will achieve serious success with the Xometry Turkiye brand.”
Critical move for the entrepreneurial world: Xometry Turkiye
Stating that they are very happy to join the Xometry family, Tridi Co-Founder and CEO Cinar Topaloglu emphasized that the merger is a critical move for both customers and the ecosystem. Pointing out that the Tridi adventure is built on discovery, the name said that it takes time to undertake works that can generate added value on a global scale, as they are working on a new technology.
“We have made a serious breakthrough with the platform model we use”
Underlining that they met the financial expectations of their investors, who did not spare their support whenever they needed, with their debut, Tridi Founding Partner Sultan Nur Bulut said that they will start to write a new story in the regional sense.
Stating that they have established a warm relationship with Xometry from the very first moment and that they always keep in touch with their business processes, Bulut said:
“We are all proud of the success we have achieved thanks to the strategies and planning we have developed for Tridi. At the end of our adventure in which we tried different business models, we made a serious breakthrough with the platform model we use today. We will continue our activities under the name of Xometry Turkiye in this new period, where a busy work schedule awaits us.”
Source: Egirisim / Prepared by Irem Yildiz