16 – 22 January Turkey Startup Ecosystem Summary

Last week, 7 Turkish startups received investment in the entrepreneurship ecosystem and 1 startup purchase has been made. The headquarters of the startups that received investment were distributed as İstanbul, Ankara, İzmir, Konya and Wilmington. 1 venture capital investment fund was also established.

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

2 Game

1 Chemical Production

1 Accommodation / Travel

1 Human Resources

1 Health / Athlete Health

1 Medical Equipment

Three of the startups that received investment use AI technologies.

News of the Week

🟥 StartupCentrum 2022 Turkey Startup Ecosystem Investment Report has been published.

In 2022, 1.74 billion dollars was invested in 341 investment rounds. Gaming, artificial intelligence & machine learning and finance startups were again the sectors that received the most investment. 30 startups in the gaming industry received a total of 437 million dollars.

To view the details of the report 👉 startupcentrum.com

Last week, 1 Venture Capital Investment Fund (GSYF) received establishment permission.

In the Turkish Capital Markets Board (CBM) bulletin published on Thursday, January 19; It was announced that 1 portfolio company received establishment permission for 1 venture capital investment fund.

Permitted Funds:

Hedef Portföy Yönetimi AŞ Yolcu360 Venture Capital Investment Fund

🎯 Mobile game company YAMY Studio raised funding.

Mobile game developer YAMY Studio received an investment with a valuation of $4 million under the leadership of London-based UP Venture Capital.

Transaction Type: Investment

Investment Amount:

Valuation: $4.000.000

Investors: UP Venture Capital

Co-founders: Yunus Alkan, Mikdat Doğru, Ahmet Ferhat Akben

🎯 Gaming startup Funverse Games raised funding.

Gaming studio Funverse Games, which develops mid-core PC, mobile and console games, received an investment with a valuation of $6 million. The investment round was held with the participation of Weplay Ventures, Alfin VC, Yıldız Tekno GSYO, Orhan Ayanlar, Burak Aşçı and other undisclosed investors.

Transaction Type: Investment

Investment Amount:

Valuation: $6.000.000

Investors: Weplay Ventures, Alfin VC, Yıldız Tekno GSYO, Orhan Ayanlar, Burak Aşçı, other investors

Co-founders: Tolga Öztürk

🎯 Izmir-based startup Ni-CAT raised funding.

Ni-Cat, which designs nickel-based new generation cathode material production solutions developed with artificial intelligence for electric vehicle batteries, received investment under the leadership of Lonca GSYF, managed by KT Portfolio, and co-investors.

Transaction Type: Investment

Investment Amount:

Valuation:

Investors: Lonca GSYF, co-investors

Co-founders: Emre Yusuf Göl

🎯 Travel technologies platform HotelRunner raised funding.

HotelRunner, the global accommodation and travel technologies platform, received an investment of $6.5 million in its Series A investment round. The investment tour was held with the participation of 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, Gerry Samuels, Melih Ödemiş, Daniel King, Niels Gron and angel investors.

Transaction Type: Investment

Investment Amount: $6.500.000

Valuation:

Investors: 212, Wix Capital, Founders Factory, Ascension Ventures, DHM, Gerry Samuels, Melih Ödemiş, Daniel King, Niels Gron, angel investors

Co-founders: Ali Beklen, Arden Agopyan

🎯 Talent platform DOJO Talent raised funding.

DOJO Talent, an artificial intelligence-based talent platform that provides instant access to talent for the web3 and gaming industry, received investment under the leadership of Boğaziçi Ventures.

Transaction Type: Investment

Investment Amount:

Valuation:

Investors: Boğaziçi Ventures

Co-founders: Alp Sezginsoy

🎯 Konya-based startup Aivisiontech raised funding.

Aivisiontech, the startup that produces artificial intelligence solutions for athletes and prevents their injuries, received an investment with a valuation of $3 million from an unnamed investor.

Transaction Type: Investment

Investment Amount:

Valuation: $3.000.000

Investors:

Co-founders: Doç. Dr. Murat Ceylan

🎯 BTech’s spin-off company TrabTech raised funding.

TrabTech, the startup that developed the “Trabecular Implant” series with the additive manufacturing method, received an investment with a valuation of $6.6 million. The investment tour was held with the participation of Fark Holding, Teknokent Girişim Destek ve Yatırım, Coşkunöz Holding, Ahu Serter, Şule Mene, Emin Ataç, Ömer Burhanoğlu, Deniz Büyükkuşoğlu, Mehmet Murat Ayabakan and Ertuğrul Birol Şen.

Transaction Type: Investment

Investment Amount:

Valuation: $6.600.000

Investors: Fark Holding, Teknokent Girişim Destek ve Yatırım, Coşkunöz Holding, Ahu Serter, Şule Mene, Emin Ataç, Ömer Burhanoğlu, Deniz Büyükkuşoğlu, Mehmet Murat Ayabakan, Ertuğrul Birol Şen

Co-founders: Kuntay Aktaş, Dr. Erol Teberoğlu, BTech Partners

🛒 Fitty, acquired by Tamer Group.

Fitty, the application that allows payment for the minutes used in gyms, has acquired by Tamer Group.

Transaction Type: Acquisition

Investors: Tamer Group

Co-founders: Murat Arslan

Other News of the Week:

📌 Netherlands-based WePlay Ventures collaborated with Saran Digital Studios (SDS), owned by Saran Group, to provide voice and localization services to game studios in its portfolio.

📌 The applications for the Encouraging Startup Ecosystem Diversity in Turkey, run by the BTM and supported by the German International Cooperation Agency (GIZ), have begun.

📌 BinBin received the “Best Operator” award at the Riders Choice Awards, organized for the first time this year by the Micromobility World organization.

📌 The applications for the SOCAR Wennovation Startup Challenge, implemented for startups that develop solutions for the digital transformation of the refinery and petrochemical industry, have started.

📌 3pmetrics won the HackZone Open Insurance Program, organized by Allianz Turkey to develop innovative business models with startups, in the category of combating climate change. The second prize went to Wyseye, and the third prize went to Laska, again in the category of combating climate change.

📌 The applications for the UP Tel Aviv Program, designed for Turkish technology startups, continue.

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