BTS & Partners has advised Revo Capital — a venture capital fund investing in innovative seed & early-stage B2B or B2C technology ventures in Turkey — on its 1.4. million USD investment to V-Count. Gokce Attorney Partnership advised V-Count on the deal.
According to BTS & Partners, "V-Count was founded in Metu Technopolis to focus on developing for emerging/video processing products and people counting systems in 2006. Today, V-Count develops systems and software that enables measuring customer circulation in the malls and retail stores and provides its services to a major group of companies including Defacto, Kigili, Arcelik, [and] Vakko."
BTS & Partners also quoted the founders of V-Count as saying that "V-Count is one of the three companies in this sector that develops both hardware and software at the same time and with the growth rate of 300% of its subscription incomes in last year V-Count is also clearly the sector leader in Turkey. The investment made by Revo Capital will help expediting V-Count’s operations in foreign markets.”
The BTS & Partners team consisted of Senior Associate Zeynep Unlu and Okan Arican and Associate Muge Minareci.
The Gokce Attorney Partnership team advising V-Count was led by Managing Partner Gorkem Gokce, supported by Associates Zeynep Ozsoy and Cagla Nizam.