What We Do Principal Investments

Pragma sources, develops, structures and executes private equity and venture capital investments as well as greenfield projects

We invest on our behalf or on behalf of our shareholders and partners.

In our special situation private equity deals, our strategy is to take direct control of the companies and back them with qualified management teams with the experience, track record and future strategy in addition to our financial support with a long term view.

In venture capital deals, we focus on high growth and scalable companies with solid entrepreneurial talent to take minority positions, co-invest with other partners and use our know-how and network in investment banking to grow our portfolio companies both in and outside of Turkey.

Our greenfield projects so far have focused on mining of metals including copper, molybdenum, lead and zinc.


Private Equity

Hisar Çelik is a fully integrated foundry, machine shop and heat treatment facility manufacturing undercarriage parts for heavy mining machines and cranes as well as rolls for steel mills. Hisar Çelik is one of the few high quality suppliers for its product groups worldwide thanks to its know-how. It exports more than 95% of its production and is consistently among the top 1000 largest exporters in Turkey. Hisar Çelik has over 350 employees. Pragma has acquired 85% of Hisar Çelik in 2015.

Venture Capital

Binalyze, is an innovation driven cyber security company, whose aim is to create robust, easy to use, effective, and high performance solutions for addressing the needs of digital forensics and incident response. Pragma has acquired a minority stake in Binalyze in 2020.

Enbiosis, is a biotechnology company providing personalized healthcare solutions with its new generation artificial intelligence technology based on microbiome analysis. Pragma has acquired a minority stake in Enbiosis in 2021.

Dcey (Davet Çok Elbisem Yok) is the leading Turkish digital fashion rental company. Pragma acquired a minority stake in Dcey in 2021.


Lodos Maden is a mining development company focusing on metals such as copper, molybdenum, lead and zinc. It invested in and exited from several mining projects owned by international junior developers and local Turkish mining groups in several parts of Turkey. Lodos currently develops one of the leading copper mine projects in Turkey in West Anatolia. Pragma owns 100% of Lodos Maden since 2012.