Last week, 3 Turkish startups received investment in the entrepreneurship ecosystem and 1 secondary transaction has been made. The headquarters of the startups that received investment were distributed as Istanbul and Los Angeles. 1 venture capital investment fund was also established.
The vertical distribution of the startups receiving investment is as follows:
1 Gaming
1 Waste Management
1 Artificial Intelligence
News of the Week
Last week, 1 Venture Capital Investment Fund (GSYF) received establishment permission.
In the Turkish Capital Markets Board (CBM) newsletter published on Wednesday, August 16th; It was announced that 1 portfolio company received establishment permission for 1 venture capital investment fund.
Permitted Funds:
RE-PIE Portföy Yönetimi AŞ Participation Mixed Venture Capital Investment Fund
🎯 Mobile gaming studio Hungri Games raised $1.9 million.
Hungri Games, a gaming startup that operates in the fields of Web2 and Web3, has raised $1.9 million. The investment round was joined by Boğaziçi Ventures, Triple Dragon and Sebastien Borget, co-founder/COO of The Sandbox.
Transaction Type: Investment
Valuation: –
Investors: Boğaziçi Ventures, Triple Dragon, Sebastien Borget
Co-founders: Arslan Kiran, Oğuz Kurtalan, Kağan Berk Koçak
🎯 Micro waste management system Wastespresso raised funding.
Wastespresso, a micro-waste management system that uses coffee waste as raw material and recycles them, has completed its bridge investment round. The investment round was joined by This Is a Company and Erciyas Holding.
Transaction Type: Investment
Valuation: –
Investors: This Is a Company, Erciyas Holding
Co-founders: Cavid Bayramlı, Vedat Levi, Kerem Acar
🎯 Reeplayer, received investment with $10 million valuation.
Sports-oriented performance recording platform Reeplayer, received an investment with a valuation of $10 million from Keiretsu Forum Turkiye‘s angel investors.
Transaction Type: Investment
Valuation: $10.000.000
Investors: Keiretsu Forun Turkiye angel investors
Co-founders: Orhan Başak Ajredinovski
🛒 Param acquires payment platform Twisto.
Fintech company Param has acquired cashflow management and payment app Twisto.
Transaction Type: Acquisition
Investors: Param
Co-founders: Michal Smida
Other News of the Week:
📌 PangeaVR, which develops virtual, mixed reality and console games in the VR/XR vertical, went on a crowdfunding tour with a target of 3.75 million TL through fonbulucu.
📌 Kadir Has University has started to receive project applications for Silivri Technopark, which was established in partnership with Silivri Municipality and Kadir Has Foundation.
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