Weekly Startup Ecosystem Overview in Turkiye / August 14 – 20

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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


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


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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