Kronnika raises $400K investment led by APY Ventures

Kronnika, a domestic Robotic Process Automation (RPA) solution provider, has secured a new round of investment. We previously covered Kronnika with its updated metrics in December last year, and according to the latest information, the startup has now raised fresh funding.

Founded in 2019, Kronnika successfully completed the Albaraka Garaj acceleration program and later received a pre-seed investment from APY Ventures Fintech VC fund. The company has now announced that it raised $400K in its second investment round. The round was led by APY Ventures through its three funds: Fintech, Start-up, and Bilişim Vadisi.

In addition to APY Ventures, the investment round also included Magna Ventures, as well as angel investors Barış Sivri, Serra Uluğaşkun, and Veysel Aral. According to Kronnika, the newly raised funds will be used for R&D and international marketing efforts.

Kronnika co-founder Kıvanç Sürel stated that the Robot Market within the Kronnika.io platform was officially launched last October. He noted that the platform enables both local and international software developers to act as “robot makers,” allowing them to build and quickly launch automation solutions in a win-win ecosystem.

Sürel also emphasized that Kronnika aims to scale internationally by leveraging unique business ideas and increasing the number of foreign enterprise clients.

Emin Özer, General Manager of Albaraka Portföy, which led the round through its three venture capital funds, highlighted that Kronnika—one of their early investments—has shown significant growth, making its progress especially valuable.

According to the company, Kronnika has saved approximately 25 million minutes for enterprises and SMEs since its inception. Among its key goals is reaching 100 million minutes saved, driven by an increase in international corporate clients.