Last week, 4 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul and Ankara. 3 venture capital investment fund was established.
A Germany-based startup, which a Turkish entrepreneur was among the founders, also received investment.
The vertical distribution of the startups receiving investment is as follows:
1 Gaming
1 Robotics
1 Waste Management
1 Agricultural Technologies
1 Financial Technologies
News of the Week
Last week, 3 Venture Capital Investment Fund (GSYF) received establishment permission.
In the Turkish Capital Markets Board (CBM) bulletin published on Thursday, June 8th; It was announced that 2 portfolio company received establishment permission for 3 venture capital investment fund.
Permitted Funds:
Azimut Portföy Yönetimi AŞ CVentures Venture Capital Investment Fund
WAM Gayrimenkul ve Girişim Sermayesi Portföy Yönetimi AŞ First Venture Capital Investment Fund
WAM Gayrimenkul ve Girişim Sermayesi Portföy Yönetimi AŞ Second Venture Capital Investment Fund
🎯 Mobile gaming startup Spektra Games raised funding.
Mobile gaming studio Spektra Games, received an investment of $1.25 million, led by Ludus Ventures and The Games Fund. Alfa Games & Partners also participated in the investment round.
Transaction Type: Investment
Investment Amount: $1.250.000
Valuation: –
Investors: Ludus Ventures, The Games Fund, Alfa Games & Partners
Co-founders: Kadir Danışman, Doğukan Şen, Yusuf Demir
🎯 Robotics startup Milvus Robotics raised funding.
Milvus Robotics, which optimizes logistics processes in factories and warehouses by developing robot and software solutions, has raised $600.000 from APY Ventures.
Transaction Type: Investment
Investment Amount: $600.000
Valuation: –
Investors: APY Ventures
Co-founders: Şamil Özden, Göker Ertunç, Hasan Ölmez
🎯 Waste management solutions developer Fazla raised funding.
Fazla, which develops technology-based holistic waste management solutions, received an investment of $6 million, with a valuation of $43 million. The investment round was led by Esor Investment and 212. TTGV, TKYB, Founder One and angel investors also participated in the investment round.
Transaction Type: Investment
Investment Amount: $6.000.000
Valuation: $43.000.000
Investors: Esor Investment, 212, TTGV, TKYB, Founder One, angel investors
Co-founders: Arda Eren, Olcay Silahlı
🎯 Agricultural autonomy technologies developer Move On raised funding.
Move On, which develops agriculture 5.0 technologies, received an investment with a valuation of 50 million TL from Şirket Ortağım Melek Yatırım Ağı, Lonca GSYF and Türkiye Teknoloji Takımı Vakfı (T3 Vakfı).
Transaction Type: Investment
Investment Amount: –
Valuation: 50.000.000 TL
Investors: Şirket Ortağım Melek Yatırım Ağı, Lonca GSYF, Türkiye Teknoloji Takımı Vakfı
Co-founders: Ömer Faruk Koç
🎯 Payment operating system Payrails raised funding.
Payrails, which enables high-growth companies to craft their payment experiences and financial services globally, has raised $14.4 million, led by EQT Ventures. Andreessen Horowitz, HV Capital and General Catalyst also participated in the investment round.
Transaction Type: Investment
Investment Amount: $14.400.000
Valuation: –
Investors: EQT Ventures, Andressen Horowitz, HV Capital, General Catalyst
Co-founders: Emre Talay, Nicolas Thouzeau, Orkhan Abdullayev
Other News of the Week:
📌 Scoutium, which operates to ensure the discovery of football players all over the world and to democratize football, went on a crowdfunding tour with a target of 12 million TL through fonbulucu.
📌 ShopiVerse, which manages all the tools in the cross-border e-commerce process from a single panel with Super App technology, went on a crowdfunding tour with a target of 20 million TL through fonbulucu.
📌 A1 Capital, one of the leading companies in the capital markets operating under Güler Investment Holding, is preparing to offer 35% of its shares to the public with the approval of the CMB.
📌 The Start-up Challenge Program, organized by SOCAR Turkey on Wennovation, the open innovation platform established to develop and support the digital ecosystem, has been concluded.
📌 The applications for the second term of Sabancı ARF, the startup acceleration program organized by the Sabancı Group to contribute to the entrepreneurial ecosystem and open innovation, have started.
📌 The applications for the 9th term of the Lonca Entrepreneurship Center, which was established by Kuveyt Türk in 2017, have started.
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