Amadeus Capital in $2m Iyzico series-C

The series-C round brings the total capital raised by the Turkish business to $15m. Amadeus was joined by existing investors International Finance Corporation (IFC) and 212, a Turkish investment company.

Iyzico expects the fresh funding to support its expansion into the Middle East and Europe, from its current home market of Turkey.

Previous funding
Iyzico first raised institutional backing in July 2013, according to unquote" data, when SpeedInvest led a $1.4m seed round alongside Pachicle Invest and Netprice.com.

In August 2014, 212 joined SpeedInvest and Pachicle to inject a further $1.4m into Iyzico.

IFC joined the investor group in May 2015, when it led a $6.2m round of growth capital funding for the company.

Company
Founded in 2012, Iyzico operates a web platform that enables online merchants to accept credit cards and other alternative payment methods.

The company is headquartered in Istanbul.

People
Amadeus Capital Partners – Jason Pinto (partner).
Iyzico – Barbaros Ozbugutu (CEO).

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• Expansion
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