What stage does APY Ventures invest at?

APY Ventures invests at the Pre-Seed, Seed stages.

What is APY Ventures's typical check size?

APY Ventures typically writes checks of $100K – $2.6M.

What sectors does APY Ventures focus on?

APY Ventures focuses on AI & Machine Learning, SaaS, Sector Agnostic.

Where is APY Ventures located?

APY Ventures is headquartered in Istanbul, TR.

APY Ventures

Venture capital

Istanbul · Pre-Seed–Seed · 16 people tracked

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1,039 people in our graph share verified history with the APY Ventures team — schools, employers, funds. One of them is your warm intro.

Eleonore Bretonunlockedknows Mustafa Keçeli · together at Solocal (overlapped)

×2knows the team · via AIESEC

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×4knows the team · via Saïd Business School, University of Oxford

knows the team · via Schneider Electric

✨ Fox Verdict

Investment thesis

APY Ventures channels qualified investors' capital into high-growth-potential technology and innovation-focused startups through several venture capital investment funds under one umbrella. Each fund pursues a distinct strategy focused on different sectors and stages, aiming to support visionary founders across all phases of their growth journey. The firm emphasizes a selective investment strategy, an active working culture, and a founder-friendly approach. It also enables Turkish R&D and Design Centers and Technology Development Zone companies to direct their mandatory 3% investment obligations into high-potential funds via APY Ventures.

Invests inAI & Machine Learning SaaSSector AgnosticIstanbul Middle East & North Africa Turkey United Kingdom United States

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Seed

Check

$100K – $2.6M

Istanbul, TR

Instruments

Equity

Last 12 months

1 investment

Tracked investments

Team · 16 people

from the firm's website & curated

Muhammed Emin Özer· General Manager, Albaraka Portföy

General Manager of Albaraka Portföy Yönetimi since 2017. He previously held senior capital markets roles including General Manager positions at Bumerang firms and served as a Board Member and later Vice President of Turkey's Capital Markets Board (SPK).

Mustafa Keçeli· Fund Manager· Mauritiusin

Venture Capital Fund Manager at Albaraka Portföy Yönetimi since 2019, responsible for creating investment funds, fundraising, sourcing opportunities and supporting portfolio startups. He earlier worked in research and corporate finance at Bizim Menkul Değerler.

Adem Kurşun· Certified Public Accountant

Financial Advisor joining the APY Tekmer team in 2024, with over two decades of accounting and finance experience. He is a licensed Certified Public Accountant (SMMM).

Ahmet Yasin Acar· Business Development Manager· Istanbul, Türkiyein

Business Development Manager at APY TEKMER, with a background founding tech ventures including Sugar Technology and Ziv4 Technology and serving as Ecosystem Scouting Manager at Denizbank NeoHub.

Anıl Adalan· Specialist· Istanbul, Istanbul, Türkiyein

Specialist on the Venture Capital Investment Funds team at Albaraka Portföy Yönetimi since 2024, evaluating startups and managing portfolio processes. He previously worked at KPMG Türkiye and Deloitte Türkiye in audit and financial advisory.

Arda Sezen· Specialist· Istanbul, Türkiyein

Works on the Venture Capital Investment Funds team at Albaraka Portföy Yönetimi since 2024, handling business development at APY Ventures and supporting portfolio company growth. He previously worked at Proline Ventures.

Burcu Oduncu· Specialist· Istanbul, Türkiyein

Specialist on the Venture Capital Investment Funds team at Albaraka Portföy Yönetimi since 2023, evaluating startups and managing post-investment portfolio processes. She previously worked at EY Türkiye and KPMG M&A Global Tax Advisory.

Ege Yılmaz· Specialist· Istanbul, Istanbul, Türkiyein

Specialist on the Venture Capital Investment Funds team at Albaraka Portföy Yönetimi since 2024, responsible for evaluating startups and portfolio management. He began his career in the energy sector at Sunel Group and Schneider Electric and later worked at Faradai.

Emre Babaç· Analyst· Istanbul, Türkiyein

Analyst on the Venture Capital Investment Funds team at Albaraka Portföy Yönetimi since 2025, focused on startup analysis and investment processes. He previously worked at KT Portföy and Ak Portföy in research and venture capital roles.

Harun Karakoç· APY Tekmer General Manager· Istanbul, Türkiyein

Assistant Manager at Albaraka Portföy Yönetimi since 2023 focused on establishing and managing TEKMER, having previously led incubation centers at Erciyes Teknopark and worked with Fark Labs.

Merve Kütükçüoğlu Karpuzcu· Legal Counsel

Senior Legal Counsel at APY TEKMER since 2024, managing legal processes for APY TEKMER and APY Ventures including venture capital fund establishment and investment matters. She previously worked at Aksan Hukuk Bürosu.

Meryem Doğan· Analyst· Istanbul, Istanbul, Türkiyein

Junior Specialist on the Venture Capital Investment Funds team at Albaraka Portföy Yönetimi since 2025. She founded the health-tech startup ResultLab.AI and completed multiple entrepreneurship programs.

Meryem Miray Saluk· Marketing and Communications Specialist· Istanbul, Istanbul, Türkiyein

Marketing and Communications Specialist at APY Ventures since 2025, leading strategic communications and PR for fintech-focused brands. She previously worked at agencies as a social media manager, copywriter and team lead.

Necmeddin Zahid Şirin· Specialist· Istanbul, Türkiyein

Junior Specialist in Venture Capital Investment Funds at Albaraka Portföy Yönetimi since 2022, responsible for identifying and evaluating startups and supporting post-investment development. He previously worked as an investment analyst at H2O Investment and at Bilişim Vadisi.

Şüheda Dane· Analyst· Istanbul, Türkiyein

Member of the APY Venture Capital Investment Funds team since 2024, working on investment processes. She previously gained venture capital experience at Boğaziçi Ventures and worked in the CEO Office at Joygame Publishing.

Emmanuel Chavane· Senior M&A Associate· Greater Paris Metropolitan Regionin

Partner in charge of technology and also CTO of Janngo, supporting portfolio companies on tech matters. Previously CTO at Jumia and technical leader at LesFurets.com and WorkIT; holds degrees from Ecole Polytechnique, Telecom Paris and an MBA from IAE Paris.

What they invest in

from 2 of 2 portfolio companies

AI & Machine Learning ×1Consumer ×1Gaming ×1SaaS ×1Sales Tech ×1

HQs:United States×1

Investments · 2 tracked

founders shown can be your intro path

By year:2026 · 1 2021 · 12 dated

Spektra Gamesspektra.games inSep 2021✓ verified

Spektra Games is a mobile game developer and publisher that handles development and publishing in-house, focused on racing and simulation titles such as Parking Master Multiplayer 2 and Highway Racer Pro.

ConsumerGamingNew York, US

Kadir Danisman(Founder)inPrince Boakye Boampong(Executive Officer, Director)Roel Janssen(Director)

Co-investorsThe Games Fund

Flowlaflowla.com in 𝕏Jan 2026 · $2.5M

Flowla builds digital buyer experiences aimed at replacing email as the primary channel for closing deals, focusing on sales engagement.

AI & Machine LearningSaaSSales Tech

Erdem Gelal(Founder)in

Co-investorsMetis Ventures Revo Capital ScaleX Ventures AI Startup Factory Antler Fuel Ventures +1 more

Portfolio news

latest coverage across their companies

Flowla raises $2.5M to scale sales and customer automation - Tech.eu

Flowla · tech.eu · Jan 27, 2026

Frequently asked questions

What stage does APY Ventures invest at?: APY Ventures invests at the Pre-Seed, Seed stages.
What is APY Ventures's typical check size?: APY Ventures typically writes checks of $100K – $2.6M.
What sectors does APY Ventures focus on?: APY Ventures focuses on AI & Machine Learning, SaaS, Sector Agnostic.
Where is APY Ventures located?: APY Ventures is headquartered in Istanbul, TR.

Media · Podcasts & interviews

featuring the team

İyi Yatırımın SIRRI Ne? | APY Ventures Mustafa Keçeli – Bana İşini Anlat

Ayhan Mert · Mustafa Keçeli

#7 APY Ventures | Mustafa Keçeli | Benimle evlenir misin?

Swipeline TR · Mustafa Keçeli

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