Zurich, Switzerland · Venture Capital btov Partners (now operating as b2venture) is a European venture capital firm founded in 2000 in St. Gallen, Switzerland, managing approximately €510 million across institutional, partner, and private investor funds from offices in Zurich, Berlin, Munich, and Luxembourg. The firm invests in early-stage digital and industrial technology companies across Europe, with ticket sizes of €250,000 to €3.5 million and roughly €50 million deployed per year. Notable portfolio companies include DeepL, SumUp, Raisin, and Blacklane.
Baku, Azerbaijan · Venture Capital Launched in October 2024 at the INMerge Innovation Summit in Baku, InMerge Ventures is Azerbaijan's second institutionally backed venture capital fund, with an authorized capital of $4 million contributed equally by the Innovation and Digital Development Agency, Azerbaijan Investment Company, PASHA Future Lab, and Trendyol Group. The fund focuses on digital technologies, e-commerce, and innovation-driven startups from the Caucasus, Central Asia, Central and Eastern Europe, and the MENA region. Key founding figures include Inara Valiyeva (Chairwoman, Innovation and Digital Development Agency), Yasin Jalilov (Deputy Executive Director, Azerbaijan Investment Company), and Farrukh Aliyev (CEO, PASHA Future Lab). Its co-sponsorship by Trendyol Group, the Turkish e-commerce giant, gives it a distinctive cross-border e-commerce and marketplace angle.