Turkish venture capital firm Metis Ventures completed the second closing of its new fund at €47 million, progressing toward its €100 million target. The firm announced the milestone in April 2026, marking significant progress in its latest fundraising cycle.
Fund Progress and Investment Focus
The €47 million represents nearly half of Metis Ventures' €100 million target for the fund. The firm has not disclosed the timeline for reaching its final closing or the number of limited partners participating in this round.
Metis Ventures focuses on early-stage technology companies, particularly those developing AI, robotics, and automation solutions. The fund will likely support startups across Turkey and broader European markets.
Market Context
The closing comes as European venture capital firms face challenging fundraising conditions in 2026. Many funds are taking longer to reach target sizes amid economic uncertainty and reduced institutional investor appetite.
Turkish venture capital has grown significantly over the past five years, with local funds raising over €500 million collectively since 2020. Metis Ventures' progress suggests continued confidence in the region's startup ecosystem despite global headwinds.