In Explore Investment Program, we aim to accelerate the penetration process of technology companies into international markets.
We conduct Explore Investment Program on behalf of Technology Development Foundation of Turkey (TTGV), and within the Program; we focus on companies that are active in our priority fields and having a technological product/service with a sales track record. With our model, we aim to meet the strategic guidance and financing needs of companies in their internationalization processes at the same time.
Before making an investment decision; during the pre-Explore phase, which we implement with the local parties having experience in the target market and access to the customer/partner/investor network, we aim to develop/validate the market penetration strategy and road map of the selected companies in the radar of the Program.
After pre-Explore, to companies having positive due-diligence results, we make an equity investment up to USD 250,000 to be used in their international market entry process. While companies are implementing their internationalization road map, we use our relevant professional network for their needs of strategic guidance and access to the related parties in the target market(s).
Within the Program, we aim that our shareholder companies will achieve sustainable sales performance in the international markets and increase their market share. To cover the additional funding they need at this stage; we can participate as a co-investor up to 2 Million USD in any capital investment they may obtain from a third party professional investor. We manage the co-investment process within the scope of “TTGV1 Co-Investment and Follow-on Investment Fund”, in which Teknoloji Yatırım is acting as a Fund Advisor.
At specific periods, we determine the prioritized sector(s) and market(s) for the Program and accept the companies falling in this scope to our investment process. We currently focus on SaaS (Software as a Service) companies, which aim to enter the US market or to expand their existing footprint in the US market.