Vircon Legal advised Buluttan (U.S.) on its pre-seed round backed by ScaleX and a syndicate of angel investors.
Buluttan is a U.S.-incorporated cloud and infrastructure-software company building developer-focused products for modern engineering teams; the company operates from the U.S. with a Turkish technical founding team. The dual-jurisdiction setup is designed to combine U.S. market access and dollar-denominated financing with the engineering depth and cost structure of a Türkiye-based product organization — a now-standard architecture for Türkiye-rooted infrastructure-software founders selling into a global enterprise market.
Cloud and developer infrastructure has been one of the most consistent venture categories of the last decade, with durable demand for tooling that reduces operational overhead for engineering teams operating in distributed, multi-cloud environments. For Türkiye-rooted founders, the strategic decision to incorporate in the U.S. at the pre-seed stage is increasingly the default rather than the exception — it widens the investor pool, simplifies the path to U.S. enterprise customers and avoids restructuring costs in later financings. Getting the cross-border legal architecture right at the founding round materially compounds in value across subsequent stages.
ScaleX is one of Turkey’s most active early-stage venture firms with a focus on tech-driven founders going global; the round combined ScaleX‘s capital and ecosystem with a senior cross-border angel syndicate. For an infrastructure builder, having angels with operator credibility on both sides of the Atlantic gives the company immediate reach into design partners and reference customers as it moves toward its first paid deployments. The pre-seed round positions Buluttan to validate its developer-infrastructure wedge with early U.S. design partners while preserving the engineering depth and cost structure of the Türkiye-based product organization.
Author
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View all postsMümtaz is the Managing Partner of Vircon Legal, which he founded in 2016. He advises founders, investors and operators on financing rounds, M&A, cross-border incorporations and regulated verticals — including crypto-asset infrastructure, fintech and games — bringing a former startup founder's perspective to every engagement.