15 – 28 May Turkey Startup Ecosystem Summary

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Last 2 weeks, 7 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Izmir and Istanbul.

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

2 Renewable Energy

1 Shipping

1 Gaming

1 Virtual Kitchen

1 Software

1 Logistics

News of the Week

🎯 Wind energy startup Werover raised funding.

Werover, a startup that aims to reduce costs and increase efficiency in the field of wind energy with its product called Windrover, has raised $350.000 from Simya VC, founded by Neo Portföy and Alchemist Accelerator.

Transaction Type: Investment

Investment Amount: $350.000

Valuation: $5.000.000

Investors: Simya VC

Co-founders: Balca Yılmaz, Çağlar Erat

🎯 Renewable energy startup ReGP Enerji raised funding.

ReGP, a startup that produces electricity based on the relative humidity and heat exchange in the air, received an investment with a valuation of $60 million. The investment round was joined by Keiretsu Forum Türkiye’s angel investors.

Transaction Type: Investment

Investment Amount: –

Valuation: $60.000.000

Investors: Keiretsu Forum Türkiye’s angel investors

Co-founders: Hasan Ayartürk

🎯 Moving processes management platform eTaşın raised funding.

eTaşın, a platform that enables end-to-end management of relocation processes, has raised $365.000 in Seed funding round. The investment round was led by Namık Kural, Emre Kozlu, Sacit Sungu ve Aydın Mizrahi, with participation from angel investors.

Transaction Type: Investment

Investment Amount: $365.000

Valuation: –

Investors: Namık Kemal, Emre Kozlu, Sacit Sungu, Aydın Mizrahi, angel investors

Co-founders: Ozan Özdemir, Kadir Nezih Elgün

🎯 Mobile gaming startup Lumier Games raised funding.

Lumier Games, a game studio that has developed prototype games in more than 50 HyperCasual genres, received an investment of 1 million TL from Hakkı Alkan.

Transaction Type: Investment

Investment Amount: 1.000.000 TL

Valuation: 7.000.000 TL

Investors: Hakkı Alkan

Co-founders: Kuntay Koca, Burhan Yıldırım, Cansu Demir

🎯 Virtual kitchen Bundle Kitchen raised funding.

Bundle Kitchen, a startup that brings various brands in the food and beverage industry on a single platform, has raised $1.25 million in Seed funding round, led by Nuwa Capital. Kybele Investment also participated in the investment round.

Transaction Type: Investment

Investment Amount: $1.250.000

Valuation: –

Investors: Nuwa Capital, Kybele Investment

Co-founders: Alican Karaca

🎯 Customer experience personalization platform Insider raised funding.

Insider, which enables marketers to connect customer data across channels, predict behavior with AI, and individualize cross-channel experiences, has raised $105 million from Qatar Investment Authority (QIA) and Esas Private Equity.

Transaction Type: Investment

Investment Amount: $105.000.000

Valuation: –

Investors: Qatar Investment Authority, Esas Private Equity

Co-founders: Arda Koterin, Hande Cilingir, Mehmet Sinan Toktay, Muharrem Derinkok, Okan Yedibela, Serhat Soyuerel

🎯 Sustainable supply chain LogD raised funding.

LogD, which develops sustainable and innovative practices in the logistics supply chain, completed its first investment round and received investment from Founder One.

Transaction Type: Investment

Investment Amount:

Valuation: –

Investors: Founder One

Co-founders: Seyhan Gülhan

Other News of the Week:

📌 NoExit Games, which develops artificial intelligence-supported mobile games, went on a crowdfunding tour with a target of 7 million TL through fonbulucu.

📌 Tapusor, which analyzes the value, opportunity, advantage and risks of real estates with big-data and artificial intelligence technologies, went on a crowdfunding tour with a target of 22 million TL through fonbulucu.

📌 ACTV Biotechnology, which produces cosmetic active ingredients with plant biotechnology, went on a crowdfunding tour with a target of 20 million TL through fonbulucu.

📌 Chemic Medikal, which controls sterilization through indicator strips in areas where surgical procedures are performed such as hospitals, dental clinics and veterinary clinics, has completed its crowdfunding round on Efonla, with an investment of 500.000 TL.

📌 YTU Startup House and Gamedev.ist has announced a collaboration that will support game entrepreneurs on a global level. With the partnership focused on the PC and console market, entrepreneurs will be supported in many areas from financial resources to legal support.

📌 Micromobility startup BinBin has started to offer shared electric scooter service in Macedonia’s capital, Skopje.

📌 Bilgiyi Ticarileştirme Merkezi (BTM), which was shown as one of the “Top 5 Incubation Centers in the World” by UBI Global, has received its award at a ceremony held in Ghent, Belgium.

📌 ITU Çekirdek was awarded the title of World’s Best Incubation Center in the category of Universities Affiliated Incubators according to the UBI Global index.

📌 5 startups selected for the new term of the G4A Startup Acceleration Program, which Bayer carries out with Hackquarters in order to support the startup ecosystems in various countries, have been announced.

📌 The applications for the new term of the GIRVAK Fellow Program, organized by the Turkish Entrepreneurship Foundation (GIRVAK) for young people between the ages of 17-24, have started.


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