Last week, 8 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, Kayseri, United Kingdom and Ohio.
The vertical distribution of the startups receiving investment is as follows:
2 Gaming
1 Financial Technology
1 Software & Data
1 Marketplace & Price Comparison
1 Battery & Software
1 Cyber Security
1 Music
News of the Week
🎯 Mobile gaming startup Pine Games raised $2.25 million.
Pine Games, a mobile game studio focusing on IP-based puzzle games, has raised $2.25 million in pre-Seed funding round, led by Laton Ventures and 500 Emerging Europe. Mert Gür, founder of Loop Games, also participated in the investment round.
Transaction Type: Investment
Valuation: –
Investors: Laton Ventures, 500 Emerging Europe, Mert Gür
Co-founders: Burak Sarp, Yankı Yağız Akpek, Yasin Yıldırım
Headquarters: Istanbul
🎯 Wide Game Studio raised funding with $1.2 million valuation.
Wide Game Studio, a game studio that develops virtual reality games, has raised an investment in pre-Seed funding round with $1.2 million valuation. The investment round was led by Kültepe Yatırım, with participation from angel investors Fatih Şahin and Vedat Çavuşoğlu.
Transaction Type: Investment
Valuation: $1.200.000
Investors: Kültepe Yatırım, Fatih Şahin, Vedat Çavuşoğlu
Co-founders: Ramazan Mert Ural, Muharrem Ataberk Sandıkçı, Ahmed Demirezen
Headquarters: Kayseri
🎯 Financial technology startup Zephlex raised $1.5 million.
Zephlex, which develops artificial intelligence-supported financial technologies, has raised $1.5 million with $15 million valuation. The investment round was joined by ESI Ventures.
Transaction Type: Investment
Valuation: $15.000.000
Investors: ESI Ventures
Co-founders: R. Tümay Şahin, Güray Nur
Headquarters: Istanbul
🎯 Analysis services provider Trendbox raised 20 million TL.
Trendbox, which provides analysis and reporting services for the retail industry, has raised 20 million TL in pre-Seed funding round from Finberg.
Transaction Type: Investment
Valuation: –
Investors: Finberg
Co-founders: –
Headquarters: Istanbul
🎯 Price comparison platform arabunu.com raised $350.000.
arabunu.com, which helps users buy the products they need at affordable prices, has raised $350.000. The investment round was joined by Maxis Yenilikçi Girişim Sermayesi Yatırım Fonu and co-founder Serkan Koç.
Transaction Type: Investment
Valuation: –
Investors: Maxis Yenilikçi Girişim Sermayesi Yatırım Fonu, Serkan Koç
Co-founders: Serkan Koç, Duhan İsmail Acar
Headquarters: Istanbul
🎯 Smart battery management software Eatron Technologies raised funding.
Eatron Techonlogies, which develops artificial intelligence-supported smart battery management software, has raised an investment in Series A funding round, led by LG Technology Ventures. 100th Year Venture Capital, Türkiye Kalkınma Fonu and MMC Ventures also participated in the investment round.
Transaction Type: Investment
Valuation: –
Investors: LG Technology Ventures, 100. Yıl Girişim Sermayesi, Türkiye Kalkınma Fonu, MMC Ventures
Co-founders: Can Kurtuluş, Umut Genç, Amedeo Bianchimano
Headquarters: United Kingdom
🎯 Cyber security startup Anchor raised funding.
Anchor, which develops cyber security solutions that help businesses protect their data, has raised funding from INVEST101, established by Türkiye Kalkınma Fonu and ODTÜ Teknokent.
Transaction Type: Investment
Valuation: –
Investors: INVEST101
Co-founders: Emre Koksal, Harihara Varma Indukuri
Headquarters: Ohio
🎯 Soundbank raised funding with $1.25 million valuation.
Soundbank (Parça), which provides regular income by sharing digital streaming revenues of songs, has raised funding with $1.25 million valuation. The investment round was joined by İTÜ ARI Teknokent and TechnoBee.
Transaction Type: Investment
Valuation: $1.250.000
Investors: İTÜ ARI Teknokent, TechnoBee
Co-founders: Kadir Sarban
Headquarters: Istanbul
🛒 Pionr acquires Norma.
Startup technology company Pionr has acquired financial technology app Norma.
Transaction Type: Acquisition
Investors: Pionr
Co-founders: Serkan Kocaman
Headquarters: Istanbul
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