May 29 – June 4 Turkey Startup Ecosystem Summary

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Last week, 6 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul, Dubai and Delaware. 1 company purchase has also been made.

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

1 Cognitive Health

1 Software

1 Entertainment

1 Artificial Intelligence

1 Advertisement

1 Renewable Energy

News of the Week

🎯 Cognitive health Beynex raised funding.

Brain health app Beynex, received an investment with a valuation of €4 million from Startup Wise Guys VC and angel investors such as Kıvanç Ünal, Francesco Tarantino and Devrim Melek.

Transaction Type: Investment

Investment Amount:

Valuation: €4.000.000

Investors: Startup Wise Guys VC, Kıvanç Ünal, Francesco Tarantino, Devrim Melek, other angel investors

Co-founders: Türker Şahiner, Sarp Akgönül, Enis Hisarlı, Tolga Atam, Emre Şahiner, Oğulcan Bagatır, Emre Gürkan

🎯 Hyper-secure content platform FileOrbis raised funding.

FileOrbis, a hyper-secure content platform that uses by corporate companies, has raised $2 million from Revo Capital.

Transaction Type: Investment

Investment Amount: $2.000.000

Valuation: –

Investors: Revo Capital

Co-founders: –

🎯 Interaction platform Popile raised funding.

Popile, an interaction platform where users receive personalized videos from celebrities, received an investment with a valuation of $4 million. The investment round was joined by angel investors such as Yarkın Sakuçoğlu, Siret Ünsal and Kıvanç Ünal.

Transaction Type: Investment

Investment Amount:

Valuation: $4.000.000

Investors: Yarkın Sakuçoğlu, Siret Ünsal, Kıvanç Ünal, other angel investors

Co-founders: Kemal Tepret, Ertuğrul Uçar, Mete Acar, İsmet Berkay Çelik, Oğulcan Tümdoğan

🎯 Customer satisfaction platform Artiwise raised funding.

Artiwise, which provides sustainable customer satisfaction supported by artificial intelligence, has raised $600.000 from Boğaziçi Ventures.

Transaction Type: Investment

Investment Amount: $600.000

Valuation: –

Investors: Boğaziçi Ventures

Co-founders: Tanel Temel, Fatih Samet

🎯 Advertising platform GoWit raised funding.

GoWit, a startup that offers an advertising platform to marketplaces, has raised $1 million. The investment round was joined by Esas Ventures, Alarko VenturesAPY Ventures and Mindvest GSYF.

Transaction Type: Investment

Investment Amount: $1.000.000

Valuation: –

Investors: Esas Ventures, Alarko Ventures, APY Ventures, Mindvest GSYF

Co-founders: Emrah Adsan, Şerafettin Yarar, Ahmet Enes Dabanlıoğlu

🎯 Biomaterial producer Wastespresso raised funding.

Wastespresso, a startup that produces different biomaterials by recycling coffee waste, received an investment with a valuation of $3 million from Founder One.

Transaction Type: Investment

Investment Amount:

Valuation: $3.000.000

Investors: Founder One

Co-founders: Cavid Bayramlı, Vedat Levi, Kerem Acar

🛒 Getir acquires all stakes in n11.

getir, one of Turkey’s decacorn startups, has acquired all stakes in n11, an online shopping platform.

Transaction Type: Acquisition

Investors: Getir

Co-founders: –

Other News of the Week:

📌 The applications for the Workup Gaming Entrepreneurship Program, supported by the Workup brand of Türkiye İş Bankası and created in partnership with the Turkish Informatics Foundation, Boğaziçi Ventures, Joy Game and Dojo Talent, have started.

📌 The application period for the Climate Finance Accelerator (CFA) program, which PwC Turkey undertakes, supported by the United Kingdom’s Department of Energy Security and Net Zero Carbon (DESNZ) and aims to develop sustainability projects, has been extended until June 5, 2023.


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