Turunc Advises HiVC on Secondary Capital Raise

Turunc Advises HiVC on Secondary Capital Raise

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Turunc has advised Turkish venture capital fund HiVC on its secondary capital raise.

According to HiVC's parent company, Gedik Investment Menkul Degerler, "the issued capital of our subsidiary HiVC Girisim Capital Yatirim Ortakligi, which is TRY 25 million within the registered capital ceiling of TRY 125 million, has been increased by TRY 12,88 million to TRY 37,88 million, all of which will be covered in cash by restricting the rights of existing partners to purchase new shares."

According to the company's website, HiVC is a public fund that provides extensive support to early-stage startups through all the necessary entrepreneurial steps, from idea to exit. Their portfolio includes Aposto!, Helo!, Hop!, HoustonBionics, Insumo, Robomotion, and VR Lab Academy.

Turunc’s team included Partner Iltem Dokurlar and Associate Naz Esen.