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4.4 million TL new investment to Iletmen over 70 million TL valuation


Providing a new generation micro logistics service, Iletmen has received a new investment of 4.4 million TL over a 70 million TL valuation in the investment tour led by KT Portfolio, a 100% subsidiary of Kuveyt Türk.  
Established in 2016 and reaching an annual turnover of 12 million TL, the new generation micro-logistics startup Iletmen has received a new investment of 4.4 million TL from investors over a 70 million TL valuation in its new investment round. Iletmen, which has carried out nearly 2 million transmissions to date, will continue to grow with the new investment it has received. Hedef Girişim Sermayesi Yatırım Ortaklığı, Halis Petrol, Keiretsu Forum Turkey and individual angel investors participated in the new bridge investment tour led by Lonca GSYF, which is the founder and manager of KT Portfolio, a 100% subsidiary of Kuveyt Türk.
Smart delivery in new industries
Delivering restaurants, markets and all tradesmen, Isletmen also makes deliveries to end users of e-commerce logistics companies with the business model it has developed. Commenting on the new investment they have received, Iletmen Co-Founder Özgür Duruöz said, "With the new bridge investment we received from many angel investors, especially KT Portfolio Lonca GSYF, Hedef Girişim Sermayesi Yatırım Ortaklığı and Keiretsu Forum Turkey, we will grow our business with a software focus and make our system applicable for different sectors. Together we will see how the transmission business we do changes life and even differentiates the supply chain. We are in cooperation with Turkey's leading companies. We take new decisions in consultation with the valuable business people, professionals and academics of our country, who are in our advisory board, and proceed consciously.”
“We are happy to contribute to Iletmen”
KT Portfolio’s General Manager Hamit Kütük said “We had previously invested to Iletmen with the Teknogirişim GSYF that we managed. With the newly established Lonca GSYF, we are planning to make early-stage and later growth capital investments in technology-focused scalable companies. We believe that Iletmen will assume a leading role in the micro logistics industry with its innovative business model and technologies. We are happy to support the growth of Iletmen and contribute to the development of this sector by participating in the new bridge investment tour together with other co-investors.”
Lonca Venture Capital Investment Fund, established and managed by KT Portfolio, a 100% subsidiary of Kuveyt Türk, continues to make early and growth stage investments in technology-focused scalable startups. Lonca GSYF continues its activities in close cooperation with the Lonca Entrepreneurship Center, other incubation centers in the ecosystem and other participants of the sector.
For detailed information about İletmen: