Turkish Airlines' venture fund makes debut investment in procurement-AI startup Vendorside
What's the deal? Turkish AirlinesDealroom has a profile for this one. Try Dealroom →' venture capital investment fund has made its debut investment, backing VendorsideDealroom has a profile for this one. Try Dealroom →, a procurement-tech startup that builds AI-powered purchasing and supply chain management tools for enterprises. The company plans to use the funding to strengthen its AI infrastructure, develop agent-based technologies, and expand internationally.
Vendorside's platform consolidates strategic sourcing, contract management, supplier management, spend analytics, and invoice-to-pay processes under one roof. Its AI platform, called Orchaside, lets enterprises build their own AI agents, create automated workflows, and set up data-driven decision systems using a multi-agent architecture.
Why now? Procurement technology is one of the fastest-growing segments in enterprise software. According to PwC, procurement departments aim to digitise roughly 70% of their processes by 2027. Grand View Research projects the AI procurement market will grow at a 36.6% compound annual growth rate between 2024 and 2030.
The purchasing function is shifting from a purely operational task to a strategic decision-making hub — driving demand for smarter, more predictive tools.
What could go wrong? Enterprise procurement software is a crowded global market with well-funded incumbents like Coupa, JaggaerDealroom has a profile for this one. Try Dealroom →, and SAP Ariba. Vendorside will need to prove its AI capabilities deliver measurable results to win large contracts against established players. Scaling internationally from Türkiye also brings go-to-market challenges in terms of brand recognition and local compliance requirements.
The signal: Turkish Airlines' decision to channel its debut VC investment into procurement-tech rather than a travel or aviation-adjacent startup underscores how seriously large corporates are treating AI-driven operational efficiency as a standalone investment thesis. With Vendorside still at the early growth stage according to Dealroom, the bet is a forward-looking one — and it adds to a broader pattern of corporate venture funds across Europe and the Middle East gravitating toward enterprise AI infrastructure plays as procurement digitisation accelerates toward PwC's 2027 benchmark.
Read more: egirisim.com
