Weekly Startup Ecosystem Overview in Turkiye / January 29 – February 4

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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


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.

🟥 StartupCentrum

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For more information startupcentrum.com

To take part in the StartupCentrum Entrepreneurship Ecosystem Summary of Turkey, MENA or Europe series and to be our supporter: [email protected]

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