Turunc has advised Gelecek Etki Fonu on its USD 1.25 million investment in e-commerce solutions provider Rierino.
Rierino is a software company offering a data-first, low-code e-commerce platform designed to create personalized experiences. It was established in 2020 in Turkey.
According to the firm, Gelecek Etki Fonu (Future Impact Fund) is a Capital Markets Board-regulated venture capital fund managed jointly by Tacirler Asset Management, a leading asset management company, and Vestel Ventures, the corporate venture capital arm of home appliances company Vestel.
"Rierino is uniquely-positioned in the fast-growing low-code/no-code space with its hyper-flexible solutions that easily adapt to companies’ internal strategy, competition, and customer drivers," Vestel Ventures CEO Metin Salt commented. "Developed by a highly-experienced founding team, the technology is intuitive and efficient, further supporting its high growth potential."
The Turunc team included Managing Partner Kerem Turunc, Partner Esin Camlibel, and Associates Naz Esen, Ovgu Kopal, and Baran Ezeli.