Turtle Venture Studio raises $1m fund

Turtle Venture Studio, Bangladesh's first venture studio, has raised $1 million in its first round of funding, with Dekko ISHO Venture Capital (DIVC) as the lead investor.

DIVC is a notable investor that focuses on sustainable business models and practices.

This investment is an important milestone for both Turtle Venture Studio and DIVC and it highlights the growing interest in Bangladesh's entrepreneurial ecosystem, according to a statement.

Turtle Venture Studio was established in 2022 by Saraban Tahura Turin and Anwar Sayef Anik, two young entrepreneurs with a mission to foster startups in Bangladesh and beyond.

The venture studio was launched in Singapore and is set to introduce its first cohort in 2023.

Selected startups will benefit with funding, mentorship, access to a global network and strategic support, according to the statement.