Getir Backer Revo Capital Seeks to Raise a $100 Million VC Fund for AI Startups
- Revo to invest in regional firms focused on AI, big data
- Fund planned as startups face difficulties raising money
Photographer: Angel Garcia/Bloomberg
This article is for subscribers only.
Revo Capital, a Turkish venture capital firm that has backed tech unicorns Getir and Builder.ai, plans to raise a $100 million fund to invest in regional artificial intelligence-driven startups.
The fund will be Revo’s third and will mark its first investments in the energy and gaming industries, Managing Director Cenk Bayrakdar said in an interview in Istanbul. It will focus on companies that develop AI and big data solutions, and will also back firms in fintech, health, cloud security and B2B cloud software, he said.