Standard Enerji Uretim A.S. announced that it expects to receive TRY 5 million in funding from Verusa Holding A.S.

Verusa Holding AS is a Turkey-based private equity and venture capital investment company. It specializes in recapitalizations, bridge financing, growth capital, restructuring, growth equity, growth stage, and Pre-Initial Public Offering (Pre-IPO) companies. Its investment strategy is to participate in both domestic and foreign small and medium enterprises (SME). Its investment process is divided in the following stages: determination of strategy, identification and screening, strategic and commercial due diligence, performance improvement and value creation, as well as exit. The Company is active in the energy, finance, steel, chemical, technology, logistics and mining industries. Its investments include Verusaturk Venture Capital Investment Trust Inc., Ata Wholesale Electric Power Inc., Aldem Steel Industry and Trade Inc., Innoted Technology Inc., Aciselsan Acipayam Cellulose Industry and Trade Inc., Enda Energy Holding and Profreight Transportation Services Inc., among others.