The investment capital venture Heaventures, in which Nurettin Sendogan, Utkan Sanda, Dr. Aylin Sahin and Erdem Yurdanur are in the founding team, has determined its 2024 roadmap. Heaventures, which is preparing to commission its incubation center with an area of 400 square meters in Kemerburgaz, plans to increase the number of ventures it has invested in to 30 by 2024.
Heaventures, an investment capital venture founded in 2021 by 4 Turks with international experience in technology, entrepreneurship and law, has announced its roadmap for 2024. Heaventures, whose founding team includes Nurettin Sendogan, Utkan Sanda, Dr. Aylin Sahin and Erdem Yurdanur, plans to increase the number of ventures it has invested in to 30 and its portfolio value to over $420 million in 2024, within the framework of its goal of moving from local to global.
Heaventures, which invested in two startups last year, the autonomous customer experience platform Exairon and the cloud computing-based No-Code application management platform Workiom, aims to increase this number to 8 in 2022.
Nurettin Sendogan, who is in the founding team of Heaventures, said, “Since we come from the kitchen of business, we know well what kind of problems early-stage startups will encounter. By taking part in their kitchen, we reduce the risks they will face. This is how we position ourselves, rather than a mutual fund, as a self-growth startup that seeks to turn early-stage startups that they believe will do useful work into the world’s best companies in their fields.”
“LOSSES ARE IGNORED”
Sendogan stated that they were established based on the deficiencies they saw in the investor ecosystem and explained these deficiencies as follows:
“The focus of the investment and fund management side is to return the financial contribution it collects from its investors with a high coefficient as soon as possible. The rapid increase in the return of technology startups globally causes the number of startups in this field to increase rapidly day by day. The high rate of return on investment also causes investors to want to own shares in more ventures. That’s why, even if only one or two of the many ventures are successful, losses in other ventures are unfortunately ignored. Therefore, the effort and time to be spent in terms of evaluation and scaling before the investment and leadership, expertise, supervision and guidance after the investment cannot be provided enough.”
“WE WANT TO CARRY OUR PARTNERS FROM LOCAL TO THE GLOBAL”
Utkan Sanda, another co-founder of Heaventures, said the following about his future goals:
“Our primary goal is to create a new venture capital model. This is a venture capital model that aims to maximize value, not profit maximization, which eliminates the problems we see in classical venture capital investments. We want others to follow this model in the future. Our second goal is to carry our partner ventures from local to global and thus contribute to the formation of world brands.”
400 SQUARE METERS INCUBATION CENTER
Heaventures is also implementing its own incubation center under the roof of the technocity, which will be located in the Future Campus campus, which was built by Bahcesehir University in Istanbul Kemerburgaz.
According to the information given by the founding team, Heaventures incubation center Heavencube, which has an area of 400 square meters, will be opened in September 2022.
Source: Haberturk / Translated by Irem Yildiz