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“Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

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Page 1: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers
Page 2: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential

“Our careers have been built as technology entrepreneurs.

Our legacy will be built by investing in technology ventures”

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Page 3: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential

Our Vision is to generate extraordinary returns to

investors, while creating lastingvalue for the entire technology

eco-system

Our Mission is to back talentedand ambitious entrepreneurs

with the ability to disrupttraditional industries with

revolutionary business modelsand technology

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| Confidential 4

Board of Directors

Barış Özistek Burak Balık Kazım Akalın

Over 20 years ofexperience acting as

a top executive at multinationalcompanies.

Involved in morethan 100 tech

investments, with a successful trackrecord of taking

technology venturesto international

markets.

Well known tech entrepreneur in theMENA region with multiple successful

exits.

A serial investor and game industryveteran, with a

portfolio of successful tech-

startups.

Well known techentrepreneur in theMENA region witha track record of

guiding newventures to exits.

Visionary investor in the tech,

blockchain and media industries,

with extremely high success rates.

Bora Çetinoğlu

Extensiveexperience as an

entrepreneur withexits in the energy

industry.

Investor in technology and

internet-focused businesses.

Agah Uğur

One of mostprominent businessleaders with an 18

year tenure as Group CEO of

Borusan Holding.

He retains Board Member positions

at Borusan, PegasusAirlines, Doğan

Holding and severalNGOs

Chairman BoD, LP RelationsBoD, Startup

RelationsBoD, Technology &

TrendsBoD, Finance

Page 5: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential 5

Assets Under Management

➢Friends & Family Fund

➢Established in 2013

➢18 Investments

➢Seed to Serie A rounds

BV Global

➢Established on 2018

➢Domiciled in Turkey

➢Digital asset custody management services

➢4 Sub-Funds: Top 30, Quant Fund, BTC Fixed income & Hybrid

BV Crypto

➢Regulated tech investment fund, domiciled in Turkey

➢Fund size: 300M TRY (USD 50M); first closing on H1, 2020.

➢Turkish Ministry of Finance as Anchor LP

➢Pre-Series A & Series A Investment for growth capital

BV Growth

Page 6: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

BV GROWTH

Growth Capital Investment Fund, established to back Turkish Tech Startups

in readiness for global expansion

Page 7: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential 7

We invest at the growth stage of a tech start-up, when the teams are in place, the product

is ready, suitable for global expansion and the business model is proven with solid KPIs.

Talented Teams Ready

Product Fits

Global

Business Model Proven

Focus: Growth Stage Tech Ventures

Page 8: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential 8

Support growth stage start-ups who have developed theirinitial business and operational capabilities in Turkey, but have the ability to scale-up their model to global reach, without replicating the operational structures in newmarkets.

We invest to help their products take perfect shape andsupport them in their global expansion plans with ourknow-how, our network and necessary financing.

Objective

Page 9: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential 9

Investment StrategyInvest in top-tier teams demonstrating laser-focus around a disruptive business

model & technologies which can be scalable to a high number of end-users (B2C,

B2B) on the global scale.

Game Industry: 50% of the portfolio

New Media Blockchain

AI, Big DataRetail TechBio Tech

Fintech

Page 10: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential 10

The need for the BV Growth Fund

Multiple Accelerators & Incubation Centers at the

idea/initial stage

Startups face a hugechallenge to access funds

at the growth stage

Lack of advanced support, such as mentorship, global

networking, tech know-how

Shortage of global knowledge and business experience in the Turkish

Market

Low number of tailor-made VC solutions for a developing market like

Turkey

Islam-Compliant Venture Capital Fund structure

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| Confidential 11

Barış Özistek Burak Balık Onur Topaç

Over 20 yearsexperience acting as a top executivein multinational

companies.

Involved in morethan 100 tech

investments, witha successful trackrecord of takingtech ventures to

market.

Founding BoD at StartersHub

Well known techentrepreneur in theMENA region withmultiple successful

exits.

A serial investorand game industry

veteran, with a portfolio of

successful tech-startups.

Well networked in Asia

Recognised as a leader in digital transformation.

Serial angelinvestor and

highlyexperienced in IPO and private

fund raising.

CEO and ViceChairman of Gedik

Yatırım.

Halim Çun

Over 30 years of senior

managementexperience in the

finance andinvestment areas.

General Manager and Board

Member at Gedik Portföy Yönetim.

Kenan Çolpan

The mostinfluential angel

investor andstartup mentor.

High level of experience in

early stageinvestment and

multiple techareas.

Over 25 years of experience as a

top executive andentrepreneur

Invesment Committee of BV Growth

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| Confidential 12

Fund participants:

▪ Anchor LP is the Ministry of Treasury & Finance

▪ Turkish R&D Institute (TUBİTAK) and 5 universities are

LPs and strategic partners

▪ Pension funds

▪ Corporates

▪ Family offices in Turkey, Europe and the Middle-East

Selected «Limited Partners» of BV GrowthBV Growth is fully regulated by the Turkish Securities Exchange Commission

Page 13: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

INVESTMENT RATIONALE

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| Confidential 14

Turkey Snapshot

✓ 82 million population

✓ Half of the population under 32 years old (largest youth population in EU area)

✓ 17th largest economy

✓ 81 techno-parks

✓ 15 angel networks

✓ 50+ accelerators

✓ 770 R&D centers

✓ 203 universities

✓ 800.000 graduates from universities (annually)

✓ 93.000 graduates as engineers (annually)

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| Confidential

Best Location to Develop and Improve Tech Products

➢ 77% of the population uses smart phones (63million)

➢ 52 million active social media users

• 9th largest market for Facebook

• 6th for Instagram

• 7th for Twitter

• 10th for YouTube

• 3rd for TikTok (excl. China)

➢ E-commerce share: over 6.2%

➢ Banking industry is #1 in Europe & Middle-East for using latest technology

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| Confidential 16

Turkish Game Industry

The most successful country across Europe, Middle East and Africa (EMEA) regionwith more than 500 game companies, advanced development capabilities and multi-billion dollar unicorns «Peak Games» and over US $1bn in game export revenue.

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| Confidential

3 out of the Top 10 2018

VC-backed exits across

Europe were Turkish tech

companies

Top Exits in 2018

$250MMAY 2018

$728MJUL 2018

$295MSEP 2018

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| Confidential 18

Top Tech Exits in Turkey

A successful eco-systemwith high valuation exitsto tech giants fromaround the globe

Success cases spanmultiple sectors, frommarketplaces, togaming, to software development

Turkish Tech Company Value Buyer

Trendyol $ 728 M Alibaba, China

Yemeksepeti $ 589 M Delivery Hero, Germany

Opsgenie $295 M Atlassian, Australia

Gram Games $ 250 M Zynga, USA

Gittigidiyor $ 218 M Ebay, USA

Markafoni $ 203 M Naspers, South Africa

Iyzico $ 165 M PayU, Netherlands

Pozitron $ 100 M Monitise, UK

Peak Games (1 Studio) $ 100 M Zynga, USA

Masomo $ 100 M (Estimated)

MiniClip, UK (Tencent Company)

Citus Data Undisclosed Microsoft, USA

Page 19: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

OUR TRACK RECORD

Page 20: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential

Large Exits by Our Shareholders

*70% equity exit

IPO Experience of Our Shareholders

*30% of the shares in Nasdaq

*BIST *BIST *BIST

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| Confidential 21

Bogazici Ventures in the Media

Page 22: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

| Confidential 22

Turkey: Tech Startup Hub For The Region

Top blockchain executives & opinion leader met at

Istanbul

2000+ start-upapplications each year

60.000 visitors, 201 speakers, 200 institutions

10.000+ attendees from 170 countries

Page 23: “Our careers have been built as technology entrepreneurs. Our … · 2020. 5. 14. · |Confidential 10 The need for the BV Growth Fund Multiple Accelerators & Incubation Centers

Take your placein the

new economy