In 2021, Revo Capital became the first institutional venture capital fund to invest in Midas. Following the company’s $80 million Series B round, the fund executed a partial exit, reaffirming Midas’s position as Turkey’s leading investment platform while demonstrating Revo Capital’s ability to deliver strong returns to its LPs and bring its ventures onto the global stage.
Founded in 2020, Midas started as a low-cost stock trading app and has since transformed into a comprehensive wealth management platform with over 3.5 million users. The platform provides access to U.S. and Turkish equities, ETFs, crypto, gold, and mutual funds, saving its community nearly $50 million in trading fees and democratizing investing for millions.
Cenk Bayrakdar, Managing Partner and Co-Founder of Revo Capital, commented:
“Midas’s transformation from an idea into one of Turkey’s leading fintech champions is the best example of the vision we strive to support at Revo Capital… This partial exit marks a significant return for Fund II and is a proud moment for both Revo and our LPs.”
Egem Eraslan, Founder and CEO of Midas, added:
“Revo Capital believed in us from the very start, and their support played a critical role in getting Midas to where it is today… With this new investment, we are ready to broaden our product range and deliver world-class wealth management to millions of users.”
This milestone coincides with the launch of Revo Capital’s Fund III in 2025, which closed its first round at $86 million and aims to reach $100 million in its second close by year-end 2025, with final closing in 2026. Today, Revo Capital stands as Turkey’s largest technology-focused VC fund, prioritizing FinTech, B2B SaaS, cybersecurity, health tech, energy, gaming, and AI-driven solutions under its strategy of “R&D in Turkey, headquarters in global hubs.”
