Last week, 5 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul and Ankara. 2 startup purchase has been also made.
The vertical distribution of the startups receiving investment is as follows:
1 Software
1 Financial Technologies
1 Information Technologies
1 Logistics
1 Cloud Kitchen
News of the Week
🎯 Digital business platform Kalfa raised funding.
Kalfa, a startup that digitizes its financial advisory offices, received an investment of 15 million TL in its first investment round, with the valution of 180 million TL. The investment round was led by Boğaziçi Ventures, with participation from APY Ventures, Mindvest GSYF, Mikro Yazılım, Hedef Portföy and individual investors.
Transaction Type: Investment
Investment Amount: 15.000.000 TL
Valuation: 180.000.000 TL
Investors: Boğaziçi Ventures, APY Ventures, Mindvest GSYF, Mikro Yazılım, Hedef Portföy, other investors
Co-founders: –
🎯 Financial technology startup Turan raised funding.
Turan, a startup that carries the money transfer process between Turkish States to the digital world, received a seed investment of 20 million TL from Birleşik Ödeme, Colendi Ventures, APY Ventures, KT Portföy, Tera Portföy, Neo Portföy Türkaz Yatırım Fonu, Re-Pie and Azerbaijan’s first venture capital fund, Caucasus Ventures.
Transaction Type: Investment
Investment Amount: 20.000.000 TL
Valuation: –
Investors: Birleşik Ödeme, Colendi Ventures, APY Ventures, KT Portföy, Tera Portföy, Neo Portföy Türkaz Yatırım Fonu, Re-Pie, Caucasus Ventures
Co-founders: Özgür Bayraktar
🎯 Technology startup Hubbox raised funding.
Hubbox, which offers remote management of various automation systems, received an investment with a valution of $7 million from Keiretsu Forum Türkiye.
Transaction Type: Investment
Investment Amount: –
Valuation: $7.000.000
Investors: Keiretsu Forum Türkiye
Co-founders: Mehmet Bilgi
🎯 Storage platform DepOrtak raised funding.
Digital storage platform DepOrtak, received an investment of 450 thousand dollars, with valution of $1.8 million. The investment round was led by Abdullah Küçük and Talha Küçük from Talha Holding.
Transaction Type: Investment
Investment Amount: $450.000
Valuation: $1.800.000
Investors: Talha Holding
Co-founders: Akın Arslan, Oruç Kaya
🎯 Cloud kitchen startup Mizanplus Cloud Kitchens raised funding.
Cloud kitchen platform Mizanplus Cloud Kitchen has raised $660.000. The investment round was co-led by HiVC ve Aura B4YO 1.GSYF, with participation from angel investors such as Mehmet Çelikol, Ali Cicioğlu, Utku Öz, Ersin Nazalı, Ayşe Güçlü Onur, Emre Açıkel, Hasan Çoker, Eren Çiçek and Cana Güneş.
Transaction Type: Investment
Investment Amount: $660.000
Valuation: –
Investors: HiVC ve Aura B4YO 1.GSYF, Mehmet Çelikol, Ali Cicioğlu, Utku Öz, Ersin Nazalı, Ayşe Güçlü Onur, Emre Açıkel, Hasan Çoker, Eren Çiçek, Cana Güneş
Co-founders: Harun Özdemir, Burakcan Kızılaslan
🛒 Kidolog acquires Ludus Education Technologies.
Kidolog, a platform that provides expert support to parents on child development has acquired Ludus Education Technologies, which develops interactive books and games for children.
Transaction Type: Acquisition
Investors: Kidolog
Co-founders: Çağatay Çakmak, Şener Çakmak, Alper Bilgiç, Onur Sezen, Alpay Bilgiç
🛒 Portugal-based startup Smartex acquires Tuvis.
Smartex, which produces devices to reduce the waste of textile products has acquired Tuvis, which develops artificial intelligence and deep learning solutions for the visual quality control of textile production lines.
Transaction Type: Acquisition
Investors: Smartex
Co-founders: Eyüp Görkem Bayram, Bahadır Gölcük
Other News of the Week:
📌 Bataryasan, a technology and R&D company that produces software that includes solutions for its customers’ energy needs, went on a crowdfunding round with a target of 4.7 million TL through fonbulucu.
📌 Tamamliyo, which integrates insurance companies and digital businesses that want to sell insurance products end-to-end, went on a crowdfunding round for the second time with the target of 2 million TL through Fongogo.
📌 Hedefbank, an investment bank founded by Hedef Holding, has signed an agreement with the SaaS banking platform Fimple to start its operations.
📌 SCW.AI and Optiyol, startups that developing supply chain technologies, have partnered to help organizations digitize their logistics operations.
📌 The startups accepted for the first term of the Turkish Airlines Terminal Startup Acceleration Program have been announced. Startups that qualified for the program; Biriktir, Invamar, Ocalis, Octopus, SegmentHub, ServisSoft, Syntonym, Utilify, Varsapp and Walkers.
📌 The 11th term startups of the Workup Entrepreneurship Program, which Türkiye İş Bankası is the main supporter, have been announced. Startups that qualified for the program; Artcomun, Droneqube, Getmobil, Heybooster, Homster, Mobiqu, Pivony, Quin AI, Ratic and Werover.
📌 The startups that qualified for the KWORKS’23 Acceleration and Pre-Acceleration program, organized by Koç University Entrepreneurship Center, have been announced.
- Acceleration program qualifiers: DeepSent, Geeklyzer, Imperium, Materix, Oxodes, Patron Olsam, Pdmechanics, Renium, Smartest Company and Yuffi.
- Pre-Acceleration program qualifiers: Airdub, Apollon Engine, Boly, EventDAO, Meetgate, Phoyer, Ubicro and Ulawk.
📌 The applications for the sixth term of the G4A Startup Acceleration Program, conducted by Bayer to support startup ecosystems in various countries, have started.
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