Last week, 7 Turkish startups received investment in the entrepreneurship ecosystem and 3 secondary transactions has been made. The headquarters of the startups that received investment were distributed as Istanbul, Ankara and Izmir. A Singapore-based startup with Turkish founders also received investment.
The vertical distribution of the startups receiving investment is as follows:
2 Gaming
1 Mental Health
1 Food Technologies
1 Educational Technologies / Metaverse
1 Financial Technology
1 Software
1 Telecommunications
News of the Week
🎯 Mobile gaming startup Studio Billion raised funding.
Mobile gaming studio Studio Billion, has completed its pre-Series A bridge round. The investment round was joined by B4YO Capital, WePlay Ventures and Lima Ventures.
Transaction Type: Investment
Investment Amount: –
Valuation: –
Investors: B4YO Capital, WePlay Ventures, Lima Ventures
Co-founders: Ümit Aparı, Ömer Aslan, Eşref Bektaş
🎯 Gaming startup Arvis Games raised funding.
Arvis Games, a gaming studio that works in the field of mid-core games, has raised $500.000 in Seed funding round, led by Boğaziçi Ventures. Re-Pie and one angel investor also participated in the investment round.
Transaction Type: Investment
Investment Amount: $500.000
Valuation:
Investors: Boğaziçi Ventures, Re-Pie, angel investor
Co-founders: Atakan Cankorur, Simon Karataş, Tuna Pamir, Arda Çevik
🎯 Mental health startup Mindway raised funding.
VR mental health startup Mindway, has completed its bridge funding round. The investment round was joined by Fırat İşbecer and APY Ventures.
Transaction Type: Investment
Investment Amount: –
Valuation: –
Investors: Fırat İşbecer, APY Ventures
Co-founders: Tevfik Ufuk Demirbaş, Tim Levent Yurdum
🎯 Foodtech startup Sorb raised funding.
Sorb, a startup that restores electrolytes and minerals, has raised 3 million TL in pre-Series A funding round. The investment round was joined by Robert Baler, Bora Koçyiğit, Alper Özdemir, Cenk Üstündağ and existing investors.
Transaction Type: Investment
Investment Amount: 3.000.000 TL
Valuation: –
Investors: Robert Baler, Bora Koçyiğit, Alper Özdemir, Cenk Üstündağ, existing investors
Co-founders: Cahit Kapukıran, Ali Bilen
🎯 Education-focused metaverse startup Eduverse raised funding.
Education-focused metaverse and augmented reality technologies startup Eduverse, received an investment with a valuation of $1 million from Yıldız Tekno GSYO.
Transaction Type: Investment
Investment Amount: –
Valuation: $1.000.000
Investors: Yıldız Tekno GSYO
Co-founders: –
🎯 Fintech startup Kredikarti.co raised funding.
Kredikarti.co, a startup that aims to offer new and different solutions to the fintech ecosystem, received an investment with a valuation of $500.000. The investment round was led by Sevda Taner, with participation from Sema Sarsar and Nazan Zeybek.
Transaction Type: Investment
Investment Amount: –
Valuation: $500.000
Investors: Sevda Taner, Sema Sarsar, Nazan Zeybek
Co-founders: Cem Dişbudak, Can Dişbudak
🎯 Digital energy platform Apollo IoT raised funding.
Cloud-based digital energy platform Apollo IoT, has raised $675.000, with a valuation of $13.5 million.
Transaction Type: Investment
Investment Amount: $675.000
Valuation: $13.500.000
Investors: –
Co-founders: Ezgi Eylül Hasvatan Gavas, Burak Gavas
🎯 eSIM service provider Airalo raised funding.
Airalo, a startup that provides eSIM access for travelers around the world, has raised $60 million in Series B funding round, led by e& capital. Antler, Liberty Global, Singtel Innov8, Orange Ventures, T Capital, KPN Ventures, Telefonica, Rakuten Capital, Peak XV Partners and I2BF Global Ventures also participated in the investment round.
Transaction Type: Investment
Investment Amount: $60.000.000
Valuation: –
Investors: e& Capital, Antler, Liberty Global, Singtel Innov8, Orange Ventures, T Capital, KPN Ventures, Telefonica, Rakuten Capital, Peak XV Partners, I2BF Global Ventures
Co-founders: Abraham Burak, Ahmet Bahadır Özdemir
🛒 Kolay İK acquires Talentics.
HR platform Kolay İK, which serves with SaaS model, has acquired cruitment and candidate tracking system Talentics with a valuation of $2 million.
Transaction Type: Acquisition
Investors: Kolay İK
Co-founders: Hakan Özen
🛒 Param acquires Paycore.
Financial technology firm Param has acquired payment methods provider Paycore and all its subsidiaries.
Transaction Type: Acquisition
Investors: Param
Co-founders: –
🛒 TeamSystem acquires 53 percent of Mikrogrup.
Italian technology company TeamSystem, which digitizes the business management of businesses and professionals, has signed an agreement to purchase 53 percent of the corporate business management software company Mikrogrup.
Transaction Type: Acquisition
Investors: TeamSystem
Co-founders: –
Other News of the Week:
📌 Fazla, which develops technology-based holistic waste management solutions, has started its operations in Spain. With the first step towards its goal of globalization, Fazla plans to prevent waste in Spain.
📌 Financial technology startup Colendi has established Colendi Bank Inc. with an approved capital of 2 billion Turkish Lira by the Banking Regulation and Supervision Agency (BRSA).
📌 Bulutklinik, a provider of digital health solutions, has opened its first global office in Berlin under the name Callendoc.
📌 “Space-Software Technologies Hackathon,” organized in collaboration with New Senses Space Technology Health Research Inc., Istanbul Teknokent, and Avcılar Municipality, has concluded.
📌 The graduates of the 6th term of Albaraka Turkish Startup Acceleration Center, Albaraka Garage, initiated to support startups, have been announced. The startups that have graduated at the end of the program are CatchPad, Coredinat, Egaranti, Helorobo, Oniki.net, Postuby and TalentoSound.
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