Netcad Secures Funding in Pre-IPO Round
Deal News | Feb 19, 2025 | CEE Legal Matters

Netcad, a software development company specializing in geographical information systems and computer-aided design, has successfully completed a pre-IPO funding round. The funding was facilitated by the Turunc law firm, who advised Netcad throughout the process. Participants in this funding round included Hedef Portfoy, Findoor Girisim Sermayesi Yatirm Fonu, Ral Girisim Sermayesi Yatirim Ortakligi, and two Neo Portfoy funds. Atar Avci was noted to have advised Hedef Portfoy in this venture. The Turunc team assisting in the transaction consisted of Managing Partner Kerem Turunc, Partner Iltem Dokurlar, Managing Associate Naz Esen, and Associate Ovgu Kopal.
Sectors
- Software Development
- Legal Services
- Private Equity & Venture Capital
Geography
- Turkey – Netcad is based in Turkey, as is the legal advisor Turunc and the participating investment funds.
Industry
- Software Development – Netcad operates within the software development industry, focusing on geographical information systems and computer-aided design.
- Legal Services – Turunc provided legal advisory services during the pre-IPO funding round.
- Private Equity & Venture Capital – The involvement of several investment funds, such as Hedef Portfoy and others, signifies the participation from the Private Equity and Venture Capital industry.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Netcad | Target Company | Company | A software development company specializing in geographical information systems and computer-aided design. |
Turunc | Legal Advisor | Company | The law firm that advised Netcad in the pre-IPO funding round. |
Hedef Portfoy | Investor | Company | An investment fund that participated in the pre-IPO funding round. |
Atar Avci | Advisor | Person | Reported to have advised Hedef Portfoy during the funding round. |
Findoor Girisim Sermayesi Yatirm Fonu | Investor | Company | An investment fund participating in the pre-IPO funding round. |
Ral Girisim Sermayesi Yatirim Ortakligi | Investor | Company | An investment fund participating in the pre-IPO funding round. |
Neo Portfoy | Investor | Company | An investment fund participating in the pre-IPO funding round. |