Year of Establishment: 2018
Business Segment: Corporate Venture Capital
Türk Telekom Share: 100%
Web Site: www.turktelekomventures.com.tr/en
TT Ventures Proje Geliştirme A.Ş. was established as a wholly owned subsidiary of Türk Telekom Group in February 2018 in order to support the core activities of early / mid stage startups which have high growth potential in sectors that have synergies with the telecommunications sector; and create value from their growth via direct cash and/or equity in-kind investments in such startups.
The strategy is to develop various projects to contribute to the growth of early / mid stage startups by helping them to realize their long-term business goals, thereby creating value for both the entrepreneurs and the Turkish economy.
The mission is to become Turkey’s leading Corporate Venture Capital Company by making investments with special methods specific to each venture.
TT Ventures focuses on investments that will create additional value in companies that have synergies with Türk Telekom’s core operations and that develop unique technologies for mass segments.
TT Ventures' main investment strategy is to create sustainable equity value by prioritizing investment in startups, which have synergies with Türk Telekom’s core operations, have high growth potential, target to grow their business and have public listing and support these companies with flexible methods.
TT Ventures focuses on investments which it may contribute capital in kind to create additional value with mutual benefits. Investing in companies that develops unique products and / or services that can reach mass segments in sectors such as Health, Energy and Education is targeted.
TT Ventures aims to support the core activities of early / mid stage startups and create value in ventures that need capital for growth in unique solutions for such startups via direct cash and / or preferably equity in-kind investments.
TT Ventures prefers equity in-kind investment strategy by using mostly non-cash internal resources in its commercial expertise areas and targets to contribute to startups using this unique investment method.
An equity stake in startups via a ratio taking into account the contributions made by TT Ventures’ own internal resources in these startups is targeted.
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