08 April 2024 – ikas, an e-commerce pioneer, is happy to announce a $20 million Series A investment. The International Finance Corporation (IFC) of the World Bank and Re-Pie Asset Management supported this historic investment in a Turkish startup, demonstrating ikas’s growth and vital role in supporting small enterprises.
The IFC and Re-Pie Asset Management led $20 million Series A funding for ikas, a major milestone for Turkey’s startup scene. This investment highlights ikas’s two-year progress in Turkey’s e-commerce infrastructure. The company is planning to bolster its European and global reach with this cash.
Dr. Emre Çamlıbel, Chairman of Re-Pie Asset Management’s Board, explained the investing philosophy: “We invest in high-growth, technology, and innovation-oriented business models and are constantly expanding our portfolio.” Re-Pie’s GSYF (Venture Capital Investment Fund) made this investment. After opening its German headquarters in 2022, Ikas is well-positioned to become one of Europe’s leading brands in its vertical by 2030. “Ikas’ innovative software has the potential to transform e-commerce in Türkiye, allowing smaller businesses to access new markets, boost online sales and productivity, and adapt to the rapidly changing business landscape.”
Conclusion
Namoğlu stated that the extra investment will be used to accelerate worldwide expansion in the strategic plan. This round of financing thrills us, but it also reminds us that we are only starting and have more work to do.
