The size of the Venture Capital Investment Fund to be established in cooperation with MaQasid Portfolio Management and Global Crowdfunding Platform will be ₺15 million.
Global Crowdfunding Platform, the umbrella company of MaQasid Portfolio Management and Fonbulucu.com, announced that they have reached an agreement to establish a Venture Capital Investment Fund to invest in startups that make a Crowdfunding Campaign.
According to the information shared, the size of the Venture Capital Investment Fund to be established in cooperation with MaQasid Portfolio Management and Global Crowdfunding Platform will be ₺15 million. The fund in question has been established and the process of obtaining approval from the CMB for some changes has started.
Let’s add that it is anticipated that these permits will be obtained within a maximum of 60 days and funding transactions will start. It should also be noted that taking the investment decisions of the Fund and other business/transactions will be carried out by the 6-person Investment Committee, which is determined equally by MaQasid and Fonbulucu and in accordance with the relevant CMB regulations.
With this fund, it is aimed to ensure that the fund functions like a venture capital investment fund by purchasing shares as qualified investors from initiatives that will make Share-Based Crowdfunding campaigns on Fonbulucu.com’s platforms. In short, the main purpose of the fund is to get a share from the initiatives that offer their shares to investors by conducting a Share-Based Crowdfunding campaign.
The most important feature of the fund, which was established according to shared information, is to enable fund participants to become partners in hundreds of initiatives at the same time thanks to the portfolio it will have in a short time. Another joint decision taken was to ensure that the fund shares were traded in Borsa Istanbul after the fund reached a certain size.
MaQasid Portfolio Management invested in Fonbulucu
Another news about the subject is that MaQasid Portfolio Management has invested in Fonbulucu. According to the information reported, MaQasid Portfolio Management became a 3% shareholder of the company by investing in Fonbulucu (Global Crowdfunding Platform) over a valuation of ₺6 million.
Founder and general manager of Fonbulucu.com, Hakan Yildiz, who made statements on the subject, stated that with the cooperation of MaQasid Portfolio Management and fonbulucu.com, they aim to enable entrepreneurs seeking financing to establish or expand their ventures to access all resources easily and from a single-center without the need for bank loans, high financing costs or borrowing.
Mustafa Sak, a member of the board of directors of MaQasid Portfolio Management, stated that crowdfunding is very suitable for his own principles and thus the financing costs of the ventures will not be incurred.
Source. Webrazzi / Translated by Irem Yildiz