BCAP Partners has completed an investment into Turkish ridesharing company, Scotty Technologies.
“This transaction is the first investment under our newly developed Launchpad initiative,” said BCAP partner, Robin Yan.
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“There is great potential in Turkey, and Scotty is primed to become a market leader with its business model and technology. BCAP will continue to expand its venture capital business as we see an abundance of opportunities to add value in the European start-up space, in situations where liquidity is limited, and risk-adjusted valuations are attractive.”
For his part, Scotty CEO, Tarkan Anlar added: “BCAP’s sector expertise in logistics and transportation will help us with our plans. We believe BCAP’s investment will help us reach our goals faster and accelerate our growth in a profitable way.”
Scotty Technologies is a three-year-old start-up based in Istanbul, Turkey and currently offers ridesharing and courier services.
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