The Aksan Law Firm has advised Simularge Global and its founders on its investment round with a sub-fund of Turkiye Kalkinma Fonu. The Ozbek Attorney Partnership advised the fund.
Simularge Global offers industrial applications and development platforms containing data analytics, machine learning, mechanical simulation, and app creation modules to reduce manufacturing costs, predict maintenance time, and prevent quality issues before they happen, according to the company's own description.
According to Ozbek, the specific fund making the investment was Kalkinma Girisim Sermayesi Portfoy Yonetimi Anonim Sirketi Yenilikci Ve Ileri Teknolojiler Katilim Girisim Sermayesi Yatirim Fonu.
Turkiye Kalkinma Fonu, a development fund, was established in 2019 by the Development and Investment Bank of Turkey and aims to invest in companies and funds which support Turkiye’s sustainable development. It has six sub-funds with a total committed capital of approximately TRY 1.6 billion.
The Aksan team was led by Partner Onur Ergun.
The Ozbek Attorney Partnership team included Partner Atahan Sevimli, Managing Associate Ece Ersoy, Senior Associate Ceren Avunduk, and Associate Kubra Durmus.