Weekly Startup Ecosystem Overview in Turkiye / February 19 – 25

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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 Haag, Tallinn, Istanbul, London, Bodrum and Vancouver. 1 venture capital investment fund was also established.

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

2 Human Resources

1 Artificial Intelligence & Image Processing

1 Finance

1 Community

1 Financial Services

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 Thursday, February 22nd; It was announced that 1 portfolio company received establishment permission for 1 venture capital investment fund.

Permitted Funds:

Foneva Portföy Yönetimi AŞ Second Venture Capital Investment Fund

🎯 Human resources and workforce management platform idenfit raised over $1.5 million.

idenfit, which offers human resources and workforce management software, has raised over $1.5 million. The investment round was led by Pragma Capital Partners, with participation from Türkiye Kalkınma Fonu, DOMiNO Ventures, StartsHub, Datassist, Ersoy Kiraza and Barış Çakmakçı.

Transaction Type: Investment

Valuation: –

Investors: Pragma Capital Partners, Türkiye Kalkınma Fonu, DOMiNO Ventures, StartsHub, Datassist, Ersoy Kiraz, Barış Çakmakçı

Co-founders: Nazım Onur Bayındır

Headquarters: The Haag (Hollanda)

🎯 Video-based CV application CatchJobs raised $82.000.

CatchJobs, an application that allows job seekers and employers in the service sector to communicate, has raised $82.000 with $1 million valuation. The investment round was joined by friends and family.

Transaction Type: Investment

Valuation: $1.000.000

Investors: Sercan Akkaş, Emre Gerçek, Çağrı Makaroğlu, Berk Kaymak, Robin Kestek, Seval Işık, Onur Özdemir, Berfin And, Burcu Altıparmak, Engin Yenidünya

Co-founders: Burak Birand, Chris Maxwell

Headquarters: Istanbul

🎯 Visual data processing solutions provider CognitiweAI OÜ raised $1.05 million.

CognitiweAI OÜ, which offers artificial intelligence solutions in the field of visual data processing and analysis, has raised $1.05 million from TechOne Venture Capital, Eleven Ventures, Flat6Labs, DOMiNO Ventures and Caucasus.vc.

Transaction Type: Investment

Valuation: –

Investors: TechOne Venture Capital, Eleven Ventures, Flat6Labs, DOMiNO Ventures, Caucasus.vc

Co-founders: Attila Algan

Headquarters: Tallinn (Estonia)

🎯 Decentralized smart wallet project Clave raised $1.6 million.

Clave, which aims to make decentralized finance accessible, safe and easy for everyone, has raised $1.6 million in Seed funding round, led by Matter Labs. Lambda Class, Mirana Ventures, Sandy Penn, Doruk İşmen, Raj Parekh, Anurag Arjun and Turan Sert also participated in the investment round.

Transaction Type: Investment

Valuation: –

Investors: Matter Labs, Lambda Class, Mirana Ventures, Sandy Penn, Doruk İşmen, Raj Parekh, Anurag Arjun, Turan Sert

Co-founders: Rafi Ersözlü, Baki Er

Headquarters: London (United Kingdom)

🎯 Creator and micro-entrepreneur supporter Komünite raised funding with $4 million valuation.

Komünite, an entrepreneurship community, has raised an investment in bridge funding round with $4 million valuation. The investment round was joined by Nevzat Aydın, Gökmen Bolayır, Halit Develioğlu, Erman Taylan and Erhan Tezakar.

Transaction Type: Investment

Valuation: $4.000.000

Investors: Nevzat Aydın, Gökmen Bolayır, Halit Develioğlu, Erman Taylan, Erhan Tezakar

Co-founders: Fatih Güner

Headquarters: Bodrum

🎯 Digital asset services provider Aquanow Türkiye raised funding.

Aquanow, which offers innovative solutions in digital asset infrastructure and liquidity, has raised funding from Finberg and Oyak Portföy.

Transaction Type: Investment

Valuation: –

Investors: Finberg, Oyak Portföy

Co-founders:

Headquarters: Vancouver (Canada)

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