212 Updates #125 | January 27th
Flow48 | Simya I
It was a relatively quiet week for us. We focused on our regular work and deal flow this week. While finance team was working on auditors for funds, investment teams focused on new investments. We extended term sheets and hope to move forward.
Flow48 will close its new investment round this week, with Breega VC's lead and 212's participation. We started 2025 with Flow48’s new round and expect to complete new rounds from other portfolio companies this year, like 2024.
Simya finalized the 12th investment from Simya I. With this investment, Simya I completes portfolio and will continue investments from Simya II. Stay tuned to for news of more investments soon as they are already working on it. I’ll share more details on the 12th investment after the official announcement.
I truly appreciate all the feedback I get on the 212 Updates; it means so much to me! Thank you for sharing your thoughts, and please keep them coming. Lately, I’ve noticed quite a few requests for a Venture Capital Glossary section, just like I did with Japanese words. My previous updates, where I discussed terms like DPI and TVPI, seem to have sparked your interest. So, let’s dive in!
Commitment | Committed Capital
The total capital pledged by investors, a.k.a. Limited Partners (LPs), to a fund. This represents the maximum amount the fund can call from its investors. Usually, in VC world, fund managers (General Partners, GPs) call this capital when they need to invest, pay expenses or fees. However, some funds may have scheduled and defined capital call days and amounts.Popcorn Episode #14 is out. You can watch it here (in Turkish)Last Week
Investment teams interacted with 52 companies.
I had fire-side chat at the MasterCard Lighthouse event.
We were at Future of Mobility event.
This week and next
Ozge and Idil will attend Mastercard Lighthouse Investor Day on Wednesday, January 29th
I will be at MEVCA Investors Summit in Dubai on Thursday, January 30th.
Some News
While the fate of TikTok remains undecided, we are seeing more TikTok competitor startups. Read more…
VCs shared their predictions on enterprise tech in 2025 for TechCrunch. Read more…