Vircon Legal advised Rakam on its seed round led by 500 Startups (now 500 Global).
Rakam is a product analytics platform that helps product, growth and data teams understand user behavior, run experimentation and turn behavioral data into shipped product decisions — without the operational overhead of stitching together a custom data stack. The wedge is the structural reality that product-led companies need a single source of truth for behavioral data, but the dominant analytics tools have either grown expensive at scale or require significant in-house engineering investment to maintain.
Product analytics has remained one of the most durable categories in modern SaaS, with consistent buyer demand across product, growth and data functions and a structural tailwind from the broader shift to product-led growth motions. Turkish-rooted SaaS infrastructure builders have a strong track record in this segment, supported by an engineering-led product culture and an export-oriented commercial motion targeting the U.S. and EU SMB and mid-market base from day one. Seed-stage backing from a globally distributed accelerator and venture firm gives a Türkiye-rooted infrastructure company immediate access to a network of design partners and reference customers across multiple geographies — materially compressing the time required to validate product-market fit internationally.
500 Startups (500 Global) is one of the most active early-stage venture platforms in the world, with a portfolio spanning 80+ countries; the firm combines capital with a hands-on accelerator program and a global founder community. For a Türkiye-rooted product analytics company, 500 Startups backing delivers both the capital and the international network access required to operate against a global SaaS market from the earliest stages.
The Vircon Legal team on this matter was led by Managing Partner Erdem Mümtaz Hacıpaşaoğlu.
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