10 – 16 April Turkey Startup Ecosystem Summary

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Last week, 5 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul and Delaware. 1 venture capital investment fund was established.

Turkey-based venture capital fund also also invested in a USA-based startup.

The vertical distribution of the startups receiving investment is as follows:

2 Marketplaces

1 Financial Technologies

1 Wellness

1 Artificial Intelligence

1 Cloud Infrastructure

News of the Week

Last week, 3 Venture Capital Investment Fund (GSYF) received establishment permission.

In the Turkish Capital Markets Board (CBM) bulletin published on Thursday, April 13th; It was announced that 1 portfolio company received establishment permission for 3 venture capital investment fund.

Permitted Funds:

Re-Pie Portfolio Management AŞ Retail Technologies Venture Capital Investment Fund

Re-Pie Portfolio Management AŞ Agricultural Technologies Venture Capital Investment Fund

Re-Pie Portfolio Management AŞ Artnouve Venture Capital Investment Fund

🎯 Marketplace startup Olleyy raised funding.

Olleyy, a startup that gathers sports facilities and trainers on a single online platform, received an investment with a valuation of $2 million from Alesta Yatırım.

Transaction Type: Investment

Investment Amount:

Valuation: $2.000.000

Investors: Alesta Yatırım

Co-founders: Murat Demirel

🎯 Health tourism marketplace New Me raised funding.

New Me, a health tourism marketplace that gathers health tourists, physicians and hospitals in the field of aesthetics in one place, has raised $500.000 from Keiretsu Forum Türkiye, angel investors from TRAngelsAngel Effect, Alemşah Öztürk and Claus Bollrath.

Transaction Type: Investment

Investment Amount: $500.000

Valuation:

Investors: Keiretsu Forum Türkiye, TRAngels melek yatırımcıları, Angel Effect, Alemşah Öztürk, Claus Bollrath

Co-founders: Ahmet Fırat

🎯 Social investment platform Finfree raised funding.

Finfree, a social investment platform that allows users to easily invest in stocks, received investment from Goodwater Capital, in its pre-Series A investment round.

Transaction Type: Investment

Investment Amount:

Valuation:

Investors: Goodwater Capital

Co-founders: Senih Mete Dal, Adnan Can Turkay, Cem Ünüvar

🎯 Wellness platform Goddess raised funding.

Goddess, a platform that provides private life coaching services for women, received an investment with a valuation of $2 million. The investment round was led by Founder One.

Transaction Type: Investment

Investment Amount:

Valuation: $2.000.000

Investors: Founder One

Co-founders: Nil Keskin Keleş, Sarp Keskin, Volkan Kırtok

🎯 AI-powered marketing agency Evercopy raised funding.

AI-supported platform Evercopy, which can automatically produce text, image and video marketing content thanks to algorithms, received investment from Simya VC, which was established within 212.

Transaction Type: Investment

Investment Amount:

Valuation:

Investors: Simya VC

Co-founders: Deniz Özgür, Erdal Çokol, Osman Selçuk Aktepe

🎯 Cloud infrastructure platform Catio raised funding.

Catio, a startup that offers cloud infrastructures for companies, received an investment with a valuation of $6.5 million. The investment round was participated by Q Angels, RRE Ventures, Zach Finkelstein, Raju Rishi, Tuğçe Ergül, Jim Perry, Harald Prokop, Sean Plankey and Vlad Medvedovsky.

Transaction Type: Investment

Investment Amount:

Valuation: $6.500.000

Investors: Q Angels, RRE Ventures, Zach Finkelstein, Raju Rishi, Tuğçe Ergül, Jim Perry, Harald Prokop, Sean Plankey, Vlad Medvedovsky

Co-founders:

Other News of the Week:

📌 Mobile gaming startup Compactive, went on a crowdfunding tour with a target of 3.4 million TL through fonbulucu.

📌 Online dry cleaning network Networkdry, has completed its crowdfunding round on fonbulucu, with an investment of 15 million TL.

📌 Byqee, a technology startup that offers users to transform any type of bike into an electric bike in minutes with certain equipment, has completed its crowdfunding round on fonbulucu, with an investment of 7.2 million TL.

📌 Utilify, a startup that brands to create new digital experiences for their communities, has been selected for Sony’s web3 incubation program.

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