F4e Secures $1M in Seed Funding

Round led by Arya VC with participation from Maxis Ventures and Boğaziçi Ventures will accelerate F4e’s global expansion.

ISTANBUL, August 14, 2024 — F4e (Feedback for Excellence), an HR and Management software start-up, announced that it has raised $1 million in its seed funding round. The round was led by Arya VC, Turkey’s first and only women-focused venture capital fund, with participation from Maxis Ventures and Boğaziçi Ventures.

F4e provides an AI-powered Talent and Performance Management Platform designed to align companies toward excellence by boosting employee performance. With operations in 13 countries and 12 languages, F4e already serves over 100 visionary organizations including Getir, Hepsiburada, Insider, Kibar Holding, Flo, Karaca, İyzico, and Protel.

Kenan Çolpan, Managing Partner at Boğaziçi Ventures, commented:

“F4e has successfully closed its first $1M funding round as an AI-based HR start-up. We are delighted to join this journey with our BV Growth Fund. Beyond financial support, we will continue to stand by F4e with knowledge transfer, business network access, and mentorship throughout its global scaling process.”

With this investment, F4e aims to expand first in Turkey, then into the European, Middle Eastern, and U.S. markets.

About F4e

F4e (Feedback for Excellence) is an innovative talent platform that helps organizations align their teams toward excellence and achieve strategic goals. Its AI-powered performance management system transforms talent management into a competitive advantage.