Last week, 3 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Oslo, Istanbul and San Francisco. 1 venture capital investment fund was also established.
The vertical distribution of the startups receiving investment is as follows:
1 Clean Energy & Sustainability
1 Mobile Marketing & Artificial Intelligence
1 Artificial Intelligence
News of the Week
🟥 StartupCentrum 2023 Turkish Startup Ecosystem Funding Report is now available!
StartupCentrum 2023 Turkish Startup Ecosystem Funding Report has revealed a significant drop in investment volume from $1.74 billion in 2022 to $900 million in 2023. The decline was notably attributed to a decrease in the number of foreign investors. Despite a decrease in the investment count from 387 in 2022 to 347 in 2023, the number of investments remained relatively high compared to the pre-pandemic period, indicating the sustained dynamism of the market.
To view the details of the report 👉🏻 startupcentrum.com/reports
Last week, 1 Venture Capital Investment Fund (GSYF) received establishment permission.
In the Turkish Capital Markets Board (CBM) newsletter published on Wednesday, January 31st; It was announced that 1 portfolio company received establishment permission for 1 venture capital investment fund.
Permitted Funds:
Aktif Portföy Yönetimi AŞ Playgate Venture Capital Investment Fund
🎯 Energy conversion and carbon measurement platform Carbon Centrum raised funding with €5 million valuation.
Carbon Centrum, a carbon measurement platform operating in the field of energy transformation and social impact, has raised an investment in pre-Seed funding round with €5 million valuation. The investment round was joined by Logo Ventures, TechOne VC, InnoEnergy and Antler.
Transaction Type: Investment
Valuation: €5.000.000
Investors: Logo Ventures, TechOne VC, InnoEnergy, Antler
Co-founders: –
Headquarters: Oslo
🎯 Mobile game and application publisher Byterise raised funding with $7 million valuation.
Byterise, which offers a 360° mobile application marketing service, has raised funding with $7 million valuation from Moris Alhale.
Transaction Type: Investment
Valuation: $7.000.000
Investors: Moris Alhale
Co-founders: Serkan Turan, Mert Can Turgut, Göktuğ Gümüş, Umut Gümeli
Headquarters: Istanbul
🎯 Artificial intelligence solutions developer HyperbeeAI raised funding.
HyperbeeAI, which develops intelligent and small-footprint large-wide language models for enterprise artificial intelligence applications, has raised funding from Revo Capital.
Transaction Type: Investment
Valuation: –
Investors: Revo Capital
Co-founders: Ahmet Karakas
Headquarters: San Francisco
Other News of the Week:
📌 Trendyol, as part of its international expansion, is gearing up to enter the Ukrainian market as its next destination.
📌 DeBa Ventures, founded by Barbaros Özbuğutu, a well-known figure in Turkey’s fintech sector through iyzico, has announced that it has formed its first fund, totaling $30 million.
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