Vircon Legal advised Yaki and its founders Yaşar Arif Karagülle and Ahmet Kıran on an angel investment made by Gamze Sart. The transaction closed on 1 May 2018. The financial terms of the round were not disclosed at the request of the parties.
Single-angel investments at the early stage carry a particular structural challenge: the documentation has to function both as a clean closing instrument for the immediate transaction and as a foundation that the next funding round can build on without expensive resets. The founder-side framing matters at this scale — the angel brings capital, a degree of network reach and an expected information cadence, while the founders need to preserve the operational flexibility and cap-table optionality that will let them run a credible institutional round later. Getting these competing expectations cleanly aligned at closing is what allows the company to operate without ongoing friction in the years between the angel round and the next financing event.
Vircon Legal advised the company and its founders on transaction structuring, subscription documentation, valuation mechanics, governance and reserved-matter design, founder vesting and IP assignment frameworks, information rights calibration, and the post-closing corporate housekeeping required after the change in shareholder composition. Representing both the company and the founder pair required careful coordination on internal alignment topics — co-founder commitments, vesting design, and the protective mechanics that ensure neither founder is structurally disadvantaged through the round.
This transaction joins our wider track record advising early-stage Turkish founders on angel-led and seed-stage financing rounds. For more on the founder-side practice, see our Startup Law and Sell-Side Representation pages.
