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212 is an institutional venture capital firm based in Istanbul, Turkey, that invests in early- and growth-stage B2B technology startups across Turkey, Central and Eastern Europe, and the Middle East. The firm primarily backs regional founders building enterprise software, SaaS, and fintech platforms with international expansion potential. 212 manages over €80 million in assets under management across multiple investment vehicles, having backed more than 30 companies that have collectively generated over $2 billion in portfolio value. After closing its €50 million second fund in 2019, the firm recently launched its third fund with a target size of €70 million, alongside a dedicated pre-seed vehicle called 212 NexT. The firm's investment portfolio features notable regional technology companies including B2B SaaS unicorn Insider, mobility platform Marti, App Samurai, and fintech startup Iyzico, which was later acquired by PayU. 212 was founded in 2012 by Ali Karabey and Numan Numan.
Key people at 212.
212 was founded in 2011 by Numan Numan (Founder & Managing Director) and Ali Karabey (Founder & Managing Director).
212 was founded in 2011 by Numan Numan (Founder & Managing Director) and Ali Karabey (Founder & Managing Director).
Key people at 212.
212 has 10 tracked investments across 8 companies. The latest tracked deal is $2.4M Seed in Haelixa in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 3, 2026 | Haelixa | $2.4M Seed | Verve Ventures, Zürcher Kantonal Bank | — |
| Dec 23, 2025 | Getmobil | $22.0M Series A | Lowercarbon Capital, World Bank | 2150, Arya GSYF, Dutch Founders Fund, Endeavor Catalyst, Maxis, Metis |
| Nov 5, 2025 | Freya | $3.5M Seed | — | BD Partners, N1, Rebel Fund, Y Combinator |
| Mar 9, 2023 | SOCRadar | $5.0M Series A | 212 | — |
| Feb 25, 2020 | AppSamurai | $2.4M Series A | 212 | Degerhan Usluel, 500 Startups, Collective Spark |
| Nov 12, 2019 | Meddy | $2.5M Series A | — | Dharmendra Ghai, Innoway, Kasamar Holdings, Modus Africa, Qatar Science & Tech Holdings |
| Apr 3, 2017 | iyzico | $15.0M Series C | Dave Nangle | Jason Pinto, International Finance Corporation |
| May 1, 2015 | iyzico | $6.0M Series B | World Bank | Amadeus Capital Partners, Earlybird Venture Capital, Endeavor Catalyst, Speedinvest |
| Aug 1, 2014 | iyzico | $1.0M Series B | 212 | Pahicle, Speedinvest |
| Jul 3, 2013 | Evim.net | $5.0M Series A | — | European Bank For Reconstruction And Development, Simile Venture Partners |
