Core Finance served as the exclusive sell-side advisor to Medianova on its significant minority transaction with Turkven.
Medianova, one of Turkiye’s largest pure-play providers of connectivity and a pioneer in information and communication technology (ICT) services—covering areas such as performance, cybersecurity, and cloud—announced today the completion of its Growth Equity round led by Turkven, a leading alternative asset manager with an AUM of $1.5 billion.
Founded in 2005 in Istanbul, Medianova operates a robust network of over 50 Points of Presence (PoPs) across five continents, including 25+ cloud locations. Medianova is trusted by global corporations, public organizations, and telecom operators to deliver reliable, scalable, and secure network performance and security solutions worldwide. With a well-established presence, strong brand, proven track record in the MENA region, and high-performance capabilities, Medianova is uniquely positioned to meet the surging global demand for ICT services especially hyper-growing businesses like social media platforms, video streaming services and e-commerce.
Medianova has over 70 employees serving a diversified client base of more than 300 enterprise clients across 20+ countries.
This investment will empower Medianova to enhance its regional market presence and broaden its range of services. It will also accelerate the company’s expansion into new markets and strategic investments in key product areas like cybersecurity and edge computing, generating long-term value for both shareholders and customers.
Serkan Sevim, Founder and CEO of Medianova, commented: “This marks a major milestone for Medianova. Our journey so far has been fueled by organic growth, customer loyalty, and continuous reinvestment in technology. With Turkven’s support, we can accelerate our expansion, bolstering our global competitiveness and reinforcing our regional market leadership. Together, we will create secure, fast, and scalable solutions that position us to compete even more vigorously against global technology giants.”
Core Finance acted as the exclusive sell-side advisor to Medianova. This transaction reinforces Core Finance’s expertise in advising leading technology and software companies.