Weekly Startup Ecosystem Overview in Turkiye / December 5 – 10

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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 California, Bursa, United States, Antalya and Istanbul. 1 venture capital investment fund was established.

1 Turkiye-based investment company also invests in London-based startup.

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

1 Agricultural Technologies

1 Climate Technologies

1 Production / Automation

1 Artificial Intelligence

1 Health Care

1 Gaming

1 Micromobility

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 Friday, December 7th; It was announced that 1 portfolio company received establishment permission for 1 venture capital investment fund.

Permitted Funds:

Aktif Portföy Yönetimi AŞ Startupfon Opportunity Venture Capital Investment Fund

🎯 Agricultural technologies startup Agrotics raised $350.000.

SaaS-based agricultural technologies startup Agrotics, has raised funding from Simya VC.

Transaction Type: Investment

Valuation: –

Investors: Simya VC

Co-founders: Mehmet Coka

Headquarters: California

🎯 Climate technologies developer CoolREG raised 7.2 million TL.

CoolREG, which develops climate technologies, has raised 7.2 million TL with 72 million valuation from Asya Ventures.

Transaction Type: Investment

Valuation: 72.000.000 TL

Investors: Asya Ventures

Co-founders: Bülent Kula

Headquarters: Bursa

🎯 Quality control systems developer Oxodes raised $110.000.

Oxodes, which detects quality control and assembly errors in real time, has raised $110.000 from Arz Portföy’s 4th Venture Capital Investment Fund.

Transaction Type: Investment

Valuation: –

Investors: Arz Portföy 4th Venture Capital Investment Fund

Co-founders: İsmail Yiğittürk

Headquarters: Bursa

🎯 AI-powered product photo generator Crait raised $380.000.

Crait, which creates artificial intelligence-supported visuals for e-commerce sites, has completed pre-Seed funding round by eceiving an investment of $380.000 from İş Bankası 100th Year Venture Capital, Fırat İşbecer, Hande Enes, Banu Kısakürek and Barbaros Özbuğutu.

Transaction Type: Investment

Valuation: $4.000.000

Investors: İş Bankası 100th Year Venture Capital, Fırat İşbecer, Hande Enes, Banu Kısakürek, Barbaros Özbuğutu

Co-founders: Safiye Dinçtürk Turgut, Kaan Aytekin

Headquarters: United States

🎯 AI-based retina scanning system EyeCheckup raised $650.000.

EyeCheckup, which develops solutions for early diagnosis of diseases with artificial intelligence in the field of eye health, has raised $650.000 from Arz Portföy and Bilişim Vadisi 4th Venture Capital Investment Fund.

Transaction Type: Investment

Valuation: –

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

Co-founders:

Headquarters: Antalya

🎯 Gaming studio Frozen Pawn raised funding from Boğaziçi Ventures.

Frozen Pawn, which develops games for mobile and PC platforms, has raised funding from Boğaziçi Ventures.

Transaction Type: Investment

Valuation: –

Investors: Boğaziçi Ventures

Co-founders: Aykut Şahin, Mustafa Enes Bilgiç

Headquarters: Istanbul

🎯 Micromobility solutions developer Fernhay Solutions raised funding from Sabancı Ventures.

Fernhay Solutions, which develops micromobility and last mile delivery solutions, has raised funding from Sabancı Ventures.

Transaction Type: Investment

Valuation: –

Investors: Sabancı Ventures

Co-founders:

Headquarters: London

Other News of the Week:

📌 Hedef Portföy and WePlay Ventures has established a new fund called WePlay GSYF.

📌 212 VC has established its third fund, which is targeted to reach 70 million Euros.

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