Weekly Startup Ecosystem Overview in Turkiye / December 18 – 24

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Last week, 12 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Ankara, Istanbul, New York, Delaware, Izmir, Berlin and Yalova. 3 venture capital investment fund was also established.

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

1 Energy Software

1 Agricultural Technologies

1 Data / Software

1 Artificial Intelligence / Fashion

1 eSIM Technologies

1 Artificial Intelligence / Software

1 Accommodation

1 Gaming

1 Cyber Security

1 Artificial Intelligence / Video

1 3D Filament Production

1 Digital Marketing

News of the Week

Last week, 3 Venture Capital Investment Fund (GSYF) received establishment permission.

In the Turkish Capital Markets Board (CBM) newsletter published on Thursday, December 21st; It was announced that 3 portfolio company received establishment permission for 3 venture capital investment fund.

Permitted Funds:

Aktif Portföy Yönetimi AŞ Sixth Venture Capital Investment Fund

Albaraka Portföy Yönetimi AŞ Capital Invest Venture Capital Investment Fund

Hedef Portföy Yönetimi AŞ Global Trust Venture Capital Investment Fund

🎯 Energy monitoring management solutions developer inavitas raised $12.5 million.

Energy management and monitoring platform inavitas has raised $12.5 million from Alfa Solar Enerji with $40 million valuation.

Transaction Type: Investment

Valuation: $40.000.000

Investors: Alfa Solar Enerji

Co-founders:

Headquarters: Ankara

🎯 Agricultural technologies startup Agrovisio raised €260.000.

Agrovisio, which analyzes the productivity of agricultural areas, has raised $260.000 from Türk Traktör with €4 million valuation.

Transaction Type: Investment

Valuation: €4.000.000

Investors: Türk Traktör

Co-founders: Emre Tunalı, Caner Çalık, Sinan Öz

Headquarters: Ankara

🎯 Digital analytics and interaction management platform Dataroid raised $2 million.

Dataroid, which provides data-based analysis and real-time action opportunities to large companies from different sectors, has raised $2 million from 100th Year Venture Capital Investment Fund established by Koç GSYF and İş Bankası.

Transaction Type: Investment

Valuation: –

Investors: 100th Year Venture Capital Investment Fund

Co-founders: Fatih İşbecer, Elif Parlak, Can Elmas

Headquarters: Istanbul

🎯 Artificial intelligence platform Jori raised funding.

Jori, a multi-modal artificial intelligence and machine learning platform for fashion, has raised funding from Startupfon.

Transaction Type: Investment

Valuation: –

Investors: Startupfon

Co-founders: Selen Uğuroğlu

Headquarters: New York

🎯 eSIM technology developer Roamless raised $2.6 million.

Roamless, which develops eSIM technology, has raised $2.6 million. The investment round was led by Paribu Ventures and Revo Capital, with participation from DeBa Ventures and a group of angel investors.

Transaction Type: Investment

Valuation: –

Investors: Paribu Ventures, Revo Capital, DeBa Ventures, angel investors

Co-founders: Ali Gazioğlu, Asım Alp, Emre Demirel, Selim Aykut, Cengiz Öztelcan

Headquarters: Delaware

🎯 Industrial software solutions developer Mechanica raised funding.

Mechanica, which develops artificial intelligence-supported industrial software solutions, has completed its first investment round. The investment round was joined by Perihan İnci.

Transaction Type: Investment

Valuation: –

Investors: Perihan İnci

Co-founders: Mine Utkan Çolak

Headquarters: Izmir

🎯 AI-supported room services solutions developer Papyon Solutions raised funding with $6 million valuation.

Papyon Solutions, which develops artificial intelligence-supported room service solutions for guests staying in hotels, hostels and apartments, has raised funding from Göhkan Aksın with $6 million valuation.

Transaction Type: Investment

Valuation: $6.000.000

Investors: Gökhan Aksın

Co-founders: Akif Çildan

Headquarters: Istanbul

🎯 Gaming studio gamegine raised funding.

Gaming studio gamegine, has raised funding from ACK Ventures.

Transaction Type: Investment

Valuation: –

Investors: ACK Ventures

Co-founders:

Headquarters: Ankara

🎯 Cyber security startup Brandefense raised $2.75 million.

Digital risk protection platform Brandefense, has raised $2.75 million in pre-Series A funding round, led by Sabancı Ventures. Tacirler Portföy Gelecek Etki Fonu, Teknoloji Yatırım A.Ş. (TTGV), Ak Portföy, TechOne VC and Finberg also participated in the investment round.

Transaction Type: Investment

Valuation: –

Investors: Sabancı Ventures, Tacirler Portföy Gelecek Etki Fonu, Teknoloji Yatırım A.Ş., Ak Portföy, TechOne VC, Finberg

Co-founders: Caner Köroğlu, Hakan Eryavuz

Headquarters: Delaware

🎯 AI-supported video surveillance platform promiseQ raised funding.

promiseQ, which offers artificial intelligence solutions to manage video surveillance networks and reduce false alarms, has raised funding from APY Ventures, ExtraVallis, Valentin Schmitt and Uli Schmitt.

Transaction Type: Investment

Valuation: –

Investors: APY Ventures, ExtraVallis, Valentin Schmitt, Uli Schmitt

Co-founders: Tolga Ermis, Elias Kardel

Headquarters: Berlin

🎯 3D printer filaments developer Porima raised $500.000.

Porima, a startup that develops 3D printer filaments, has raised $500.000 from Aksa Akrilik with $6.3 valuation.

Transaction Type: Investment

Valuation: $6.300.000

Investors: Aksa Akrilik

Co-founders: Serhat Oran, Kadri Karadeniz

Headquarters: Yalova

🎯 Digital marketing platform Branchsight raised funding.

Branchsight, which strengthens the local marketing strategies of brands, has raised funding from Arz Portföy Bilişim Vadisi 4th Venture Capital Investment Fund.

Transaction Type: Investment

Valuation: –

Investors: Arz Portföy Bilişim Vadisi 4th Venture Capital Investment Fund

Co-founders: Emre Goksin

Headquarters: Istanbul

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