Turkey Development Fund

Turkey Development Fund is an economic development agency in Istanbul established in 2019 that aims to strengthen Turkey’s enterprise ecosystem by investing in new-generation startups and in investment vehicles that support sustainable development. It focuses on strategically important economic sectors and on growing the nascent venture capital ecosystem by directing capital to innovative companies that drive long-term growth.

Elif Altug

CEO and Board Member

Past deals in CAD

Simularge

Convertible Note in 2025
Simularge provides software solutions for factories, leveraging data monitoring, AI, and Digital Twins. Its tier-based SaaS products cater to varying levels of digitalization maturity, enhancing manufacturing operations and process efficiencies. By utilizing Simularge's tools, clients can save significant time and money.

DNC Soft

Pre Seed Round in 2024
DNC Soft is a software company that designs and develops desktop and web applications for the weaving and knitting sectors.

Simularge

Venture Round in 2023
Simularge provides software solutions for factories, leveraging data monitoring, AI, and Digital Twins. Its tier-based SaaS products cater to varying levels of digitalization maturity, enhancing manufacturing operations and process efficiencies. By utilizing Simularge's tools, clients can save significant time and money.
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