FO

Founder One

Europe, Istanbul, Turkey, Sisli

Description

Founder One is an early-stage venture capital fund based in Istanbul, Turkey, with a distinct focus on impact-driven investments. The firm targets startups at the idea and seed stages, emphasizing initiatives that demonstrate measurable positive societal or environmental outcomes. Their investment thesis is centered on addressing significant global challenges, including climate change, education, healthcare, and financial inclusion. This commitment to impact is reflected in their chosen sectors, which include ClimateTech, EdTech, Future of Work, HealthTech, and FinTech.

As a dedicated early-stage investor, Founder One provides crucial capital to nascent companies, helping them develop from concept to market-ready solutions. The fund typically deploys initial checks ranging from $100,000 to $400,000, positioning them as a significant early backer for Turkish and regional startups. This range allows them to support founders in the critical initial phases of product development and market validation. Their investment approach is not solely financial; they also aim to provide strategic guidance and network access to their portfolio companies, fostering sustainable growth and impact.

As of October 2023, Founder One had already made 12 investments, demonstrating an active presence in the Turkish startup ecosystem. The fund has ambitious plans for expansion, aiming to increase its portfolio to 20 startups by the end of 2024. This aggressive investment pace underscores their belief in the potential of impact-focused ventures and their commitment to building a diverse portfolio across their target sectors. Founder One's strategic location in Istanbul further solidifies its role in nurturing the burgeoning tech and impact startup scene in Turkey and the surrounding region.

Investor Profile

Founder One has backed more than 27 startups, with 4 new investments in the last 12 months alone. The firm has led 14 rounds, about 52% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Turkey, United States, Germany.
  • Strong thematic focus on Food and Beverage, Food Delivery, EdTech.
  • Led 2 rounds in the past year.
  • Typical check size: $100K – $400K.

Stage Focus

  • Seed (74%)
  • Pre Seed (11%)
  • Series Unknown (11%)
  • Series B (4%)

Country Focus

  • Turkey (89%)
  • United States (4%)
  • Germany (4%)

Industry Focus

  • Food And Beverage
  • Food Delivery
  • Edtech
  • Artificial Intelligence (Ai)
  • Renewable Energy
  • Health Care
  • Information Technology
  • Software
  • Sustainability
  • E-commerce
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Founder One frequently co-invest with?

Startup Wise Guys
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 1
Boğaziçi Ventures
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 1
Co-Investments: 1
Norrsken Accelerator
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 1
Eksim Ventures
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 2
Re-Pie Asset Management
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 1
TechOne VC
Europe, Istanbul, Turkey, Istanbul
Co-Investments: 1
Rockstart
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 1
Vestel Ventures
Europe, Istanbul, Turkey, Sisli
Co-Investments: 1
TIBAS Ventures
Europe, Istanbul, Turkey, Besiktas
Co-Investments: 1

Which angels does Founder One often collaborate with?

Shared Deals: 1
Europe, Istanbul, Turkey
Shared Deals: 2
Shared Deals: 1
SA
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
ÖÜ
Europe, Izmir, Turkey
Shared Deals: 1
KS
Europe, Izmir, Turkey
Shared Deals: 1
EG
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
Shared Deals: 1
KK
Europe, Istanbul, Turkey
Shared Deals: 1
BC
Europe, Turkey
Shared Deals: 1

What are some of recent deals done by Founder One?

Werover

Bremen, Bremen, Germany

Werover is a software firm that develops AI, IoT, and robotic solutions for detecting health problems and early damage.

Artificial Intelligence (AI)Internet of ThingsRobotics
Series UnknownMay 28, 2025
Amount Raised: $1,700,000
MilkApp

Yenimahalle, Ankara, Turkey

MilkApp is a technology company that provides a analysis device and software developed for monitoring milk and dairy products.

AppsFood and BeverageNutrition
SeedOct 16, 2024
Amount Raised: $100,000
Good Sanitation Company

Eskisehir, Eskisehir, Turkey

Good Sanitation Company provides a specific sanitation and hygiene solution for those in temporary accommodation environments.

CleanTechEnvironmental ConsultingPublic Safety
SeedSep 5, 2024
Amount Raised: $450,000
The Good Wild

Umraniye, Istanbul, Turkey

The Good Wild produces plant-based products that enhance nutritional value.

Organic FoodPlant-Based FoodsSnack Food
SeedJul 24, 2024
Kavaken

Istanbul, Istanbul, Turkey

Smart virtual assistant revolutionizing the renewables O&M industry

Artificial Intelligence (AI)Renewable EnergySoftwareSustainability
SeedJun 26, 2024
Amount Raised: $1,100,000
Materix

Buca, Izmir, Turkey

Materix's goal is to create and manufacture functional nano films that are essential for the industry, in collaboration with the academy.

FilmNanotechnology
SeedApr 16, 2024

VerdantWave is a company that provides an alternative to petroleum-based plastics by utilizing renewable resources and agricultural waste.

EnergyRecyclingRenewable Energy
SeedMar 26, 2024
Binamod

Pendik, Istanbul, Turkey

Binamod provides users with earthquake performance information for buildings they purchase or rent.

Building MaintenanceInformation Services
SeedMar 19, 2024
Yenir

Istanbul, Istanbul, Turkey

Yenir is a food waste platform that sells fresh products without producing waste and at a discount.

Food and BeverageFood Delivery
SeedMar 5, 2024
ERG Controls

Istanbul, Istanbul, Turkey

We ensure maximum hand hygiene in hospitals and other public settings to minimize the transmission of infections.

Health Care
SeedJan 10, 2024
Amount Raised: $46,889