Galata Business Angels to partner with Swiss Verve Ventures

The angel investment network Galata Business Angels (GBA) and the Switzerland-based venture firm Verve Ventures have launched a partnership. Thus, GBA members will access the deal flow offered by Verve Ventures to private investors.

“Diversification of one’s portfolio is a must for angel investors. With this partnership, angels can add new verticals for diversification in different geographies and later-stage investments as well,” said Ata Uzunhasan, Managing Director of GBA.

As part of the partnership, Verve Ventures’ deal flow will allow Turkish business angels to cherry-pick from different startups across Europe to diversify their investments geographically, across different industries and stages. 

“For startups across Europe and soon also from Turkey, Verve Ventures offers access not only to foreign capital but also access to a network of entrepreneurs and executives,” said Chris Gay-Crosier, International Investments Head of Verve Ventures.

“Turkey’s startup ecosystem has seen stellar growth in the recent past. Its most successful companies have been funded by investors from all over the world. We want to deepen the ties between this environment and our portfolio startups as well as our investor network for the benefit of everyone involved”, he added.

Verve Ventures is among Europe’s active venture capital investors in many industries and brings an unique investment model to GBA members, by which a custom syndicate of investors is pooled for each investment. The firm plans to invest more than EUR 70m and increase its portfolio to more than 150 start-ups this year.

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