14 Nov 2025

Turunc and Liman Kurman Advise on Gelecek Etki Fonu's Investment in Forestall

"Turunc advised Gelecek Etki Fonu on its investment in Turkish cybersecurity firm Forestall in a financing round that also included Yapi Kredi Frwrd VC, Unlu Ar-Ge VC and Maxis Ventures. Liman Kurman advised Forestall. Gelecek Etki Fonu is jointly managed by Tacirler Asset Management and Vestel Ventures."

Turunc advised Gelecek Etki Fonu on its investment in Forestall, while Liman Kurman advised Forestall. The transaction involved a financing round for Forestall that included participation by Gelecek Etki Fonu alongside investors Yapi Kredi Frwrd VC, Unlu Ar-Ge VC and Maxis Ventures. The round supports Forestall’s continued development and deployment of cybersecurity solutions. Forestall is a Turkish cybersecurity company specializing in active directory threat protection. Gelecek Etki Fonu is a Capital Markets Board–regulated venture capital fund jointly managed by Tacirler Asset Management and Vestel Ventures, the corporate venture arm of Vestel, part of Zorlu Holding. Turunc represented Gelecek Etki Fonu with a team composed by: Managing Partner Kerem Turunc, Partner Esin Camlibel, Managing Associates Naz Esen and Beste Yildizili Ergul, and Associates Seda Koprulu, Elif Caglayan, and Batuhan Eraslan. Liman Kurman represented Forestall with a team composed by: Partners Altan Liman and Umut Kurman.
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