Turkish Startups – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 30 Jul 2021 09:18:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 Turkish Startups Receive USD 1.2 Billion Investment in the First Half https://www.muhasebenews.com/en/turkish-startups-receive-usd-1-2-billion-investment-in-the-first-half/ https://www.muhasebenews.com/en/turkish-startups-receive-usd-1-2-billion-investment-in-the-first-half/#respond Fri, 30 Jul 2021 09:18:57 +0000 https://www.muhasebenews.com/?p=113065 ​In the first quarter of 2021, 61 startups had raised USD 508 million from angel investors and venture capital funds, setting a record for the Turkish startup ecosystem. According to Startup.Watch’s “Turkish Startup Ecosystem Quarterly Report-Q2 2021″ report, 63 startups raised USD 746 million investments totaling the first half amount to USD 1.2 billion.

Getir became the most invested startup in Turkey with USD 550 million and with a valuation of USD 7.5 billion. Dream Games, the second highest recipient of investments after Getir, also became a unicorn in the second quarter of the year.

Turkey ranked 8th in Europe and 2nd in the Middle East and North Africa angel and venture capital investment leagues. ​

Source: Republic of Turkey Investment Office
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In the first quarter of 2021, 61 startups raised USD 508 million from angel investors and venture capital funds, setting a record for the Turkish startup ecosystem.

According to Startup.Watch’s “Turkish Startup Ecosystem Quarterly Report-Q1 2021″, Getir became the second unicorn in Turkey with a valuation of USD 2.6 billion. Led by Dream Games, which received the highest investment after Getir, the activity in the gaming industry continued in 2021 with 15 gaming startups receiving USD 60 million investment in the first quarter.

Turkey ranked 10th in Europe and 2nd in the Middle East and North Africa angel and venture capital investment leagues. ​​​

Source: Republic of Turkey Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/turkish-startups-received-usd-508-million-investment-in-q1/feed/ 0 Turkish Startups Break Fundraising Record in 2020 https://www.muhasebenews.com/en/turkish-startups-break-fundraising-record-in-2020-2/ https://www.muhasebenews.com/en/turkish-startups-break-fundraising-record-in-2020-2/#respond Mon, 08 Feb 2021 11:35:55 +0000 https://www.muhasebenews.com/?p=103940
Startups Watch, a Turkey-based platform offering analytics of Turkey’s startup ecosystem, unveiled its “Turkish Startup Ecosystem 2020 Year in Review” report on January 29.
The report revealed that 165 Turkey-based startups received USD 139 million from angel investors and venture capitals (VC) in total in 2020 – a new record for the country’s ecosystem. Among all European countries, Turkey ranked 3rd with total angel and VC funding, preserving its place in the 1st League​. Turkish startups Insider, Meditopia and Getir were the country’s largest fundraisers of 2020.
The report noted that 2019 and 2020 staged striking exits of Turkish gaming startups, with Turkey’s gaming industry clinching the top spot on the list of the most popular category of startups.
Foremost among these was Turkey-based gaming startup Peak Games, which made Europe’s biggest VC-backed exit in 2020 and became the country’s first unicorn.
On a side note, the report shed light on Turkey’s Regional Development Fund – a TRY 250 million-fund set up in 2020 to shore up the country’s startups.

Source: Republic of Turkey Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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