3-9 October Turkey Startup Ecosystem Summary

Here you can read this post in these languages:

This week, 4 Turkish startups received investment in the entrepreneurship ecosystem. 1 startup made a purchase. 2 different venture capital investment funds were established. The headquarters of 3 startups receiving investment are located in Istanbul. The headquarters of the other startup is located in Bursa.

The vertical distribution of the 4 Turkish startups receiving investment is as follows:

1 Energy

1 IoT & Wearable Technologies

1 Automotive

1 Advertisement

News of the Week

Last week, 2 Venture capital investment funds(GSYF) received establishment permission.

In the bulletin published by the Capital markets board (CMB) last week, the news that 2 portfolio companies received establishment permission for 2 venture capital investment funds was shared. It is unclear whether this fund will directly invest in the Turkish entrepreneurship ecosystem.

Logos Portföy Yönetimi A.Ş. Testinium Venture Capital Investment Fund

Gri Portföy Yönetimi A.Ş. First Venture Capital Investment Fund

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

In the Third Quarter of 2022, 74 startups in the Turkish start-up ecosystem received 97 Million Dollars of investment from 202 investors. With this quarter, 232 domestic statups have collected 1.49 Billion Dollars of investment so far in 2022.

If you want to review the report details.

🥳 StartupCentrum Accredited Angel Investment Network has been established!

A great development took place in the third quarter of 2022! StartupCentrum Angel Investment Network has been approved by the Ministry of Treasury and Finance! With the approval, we established our Istanbul and Ankara branches and started recruiting members. Our aim is to operate in 15 cities in Turkey and abroad, besides Istanbul and Ankara.

So what awaits the investors who are members? Regular monthly startup recognition meetings Unlimited participation in Deep Dive meetings Access to 2000+ startups and more than 15,000 users who are members of the platform Access to more than 200,000 global startup analyzes Corporate membership options and much more..

You can contact [email protected] to get more information, to open a branch in your city or to become a member of the network!

🎯   Bren, the startup focusing on energy efficiency, raised funding.

Bursa-based startup  Bren, which produces technologies that save energy, maintenance and time, has completed its bridge investment tour with a valuation of 12 million dollars under the leadership of Alesta Investment. Founded in 2018, the venture aims to grow in the European and American markets and is preparing for a Series A investment tour.

Transaction Type: Investment

Transaction Amount: 

Valuation: 12.000.000 $

Investors: Alesta Investment, Angel Investors

Co-founders:  Çınar Laloğlu, Yasin Duman

🎯 Thread In Motion, an startup that increases operational efficiency, raised funding.

Thread In Motion, the IoT startup that digitizes processes by providing automation solutions in industries such as logistics, e-commerce, automotive and retail with its smart wearable technologies, received an investment of 500 million TL from Esor Investments and TTGV1 Fund.

Transaction Type: Investment

Valuation: 500.000.000 TL

Investors:  Esor Investments, TTGV1 BV.

Co-founders: Kadir Demircioğlu, Rahim Öner

🎯 Rentiva,the car sharing and rental startup, raised funding.

Person-to-person car rental platform Rentiva received an investment of 170 thousand dollars in the bridge investment tour led by Mustafa Atilla and Orhan Çetin. Established in 2017, Arabali.com became operational with the merger of Garajyer in 2019, bringing together car owners who want to rent their car and generate income, and customers who want to benefit from reliable car rental services. The venture, which provides active service in Istanbul, aims to increase its service area in holiday regions such as Izmir, Antalya and Muğla, with investment.

Transaction Type: Investment

Transaction Amount: 170.000 $

Investors: Mustafa Atilla,Orhan Çetin, Şehmus Tunç, Erman Kumcu, Mustafa Erdem Demirkol, Ümit Avni Karaarslan, Elif Palancı, Ahmet Demirel, Can Doğancoşkun, Ömer Yiğit Aykan, Onur Ergönen, Duygu Acar Yücesoy, Gökhan Tataroğlu, Ceyhun Aksan, Berk Can Köybaşıoğlu

Co-founders:  Eren Alkış

🎯   Portuma, the in-game advertising platform, raised funding.

Portuma, the platform that provides the service of renting in-game advertising spaces and the Play Watch & Earn model, received investment from Game Factory and XT Labs. Financial details were not shared.

Transaction Type: Investment

Transaction Amount: 


Investors: Game Factory, XT Labs

Co-founders: Ozan Emrah Ünal, Mesut Numanoğlu

🛒 FUT Ventures has acquired Flank Esports.

FUT Ventures, established for FUT Esports’ investments in entertainment, gaming, media and production, has acquired a new generation esports platform, Flank Esports. Founded in 2017, Flank had previously received an investment of 500 thousand Euros from Fethi Kamışlı, Hakan Sabancı and Sina Afra.

Transaction Type: Acquisition

Investors:  FUT Ventures

Co-founders: Efe Kethuda

 ✏️A Slice of Entrepreneurship 🍰

“The best preparation for tomorrow is doing your best today.”

  • H. Jackson Brown, Jr.

Other News:

📌 Technology development center T-GATE Tekmer was opened by TurkishBank Group with KOSGEB support. T-GATE Tekmer aims to support startups operating in financial technology (fintech) and complementary sectors that aim to expand abroad.

📌 Applications for the 2nd term of WorkupAgri, an agriculture-oriented startup acceleration program, have started under the umbrella of Workup by Türkiye İş Bankası and the accelerator partnership of Hackquarters.

📌 in4startups has selected its startups for the investment-oriented acceleration program. Selected startups:

Harvecity:  Energy systems solutions

Strateji 360: The next generation consulting platform

SenGitme: A sustainability-focused startup trying to prevent bread waste

Üzüm Teknoloji: Platform that facilitates e-commerce processes

Story Maker: An online design and publishing tool 


Find the best startup jobs or launch your future unicorn company, meet the best talents and startups, get in contact with international accelerators and investors to grow!

For more information startupcentrum.com

To take part in the StartupCentrum Entrepreneurship Ecosystem Summary of Turkey or MENA series and to be our supporter: [email protected]

Recent Articles

Related Posts


Lütfen yorumunuzu giriniz!
Lütfen isminizi buraya giriniz