Weekly Startup Ecosystem Overview in Turkiye / July 15 – 22

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Last week, 4 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul and London. 2 venture capital investment fund was also established.

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

1 Mobile Gaming

1 Renting

1 Digital Marketing

1 Customer Experience

News of the Week

Last week 3 Venture Capital Investment Fund (GSYF) received establishment permission.

In the Turkish Capital Markets Board (CBM) newsletter published on Thursday, July 19th ; It was announced that 2 portfolio company received establishment permission for 2 venture capital investment fund.

Permitted Funds:

Aktif Portföy Yönetimi AŞ Eighth Venture Capital Investment Fund

Arz Gayrimenkul ve Girişim Sermayesi Portföy Yönetimi AŞ Fifteenth Venture Capital Investment Fund

🎯 Mobile gaming startup Grand Games raised $3 million.

Grand Games, which uses artificial intelligence to create the code infrastructure and art concepts of its games, has raised $3 million in Seed funding round. The investment round was led by Earlybird Venture Capital, with participation from Laton Ventures.

Transaction Type: Investment

Valuation: –

Investors: Earlybird Venture Capital, Laton Ventures

Co-founders: Bekir Batuhan Çelebi, Mustafa Fırtına, Mhmet Çalım

Headquarters: Istanbul

🎯 Car rental platform Rentiva raised 11.7 million TL.

Rentiva, a person-to-person car sharing platform, has raised 11.7 million TL. The investment round was led by Mustafa Atilla, with participation from Erman Kumcu, Orhan Çetin, Mustafa Erdem Demirkol, Elif Palancı, Ahmet Demirel, Can Doğancoşkun, Ömer Yiğit Aykan, Onur Ergönen, Duygu Acar Yücesoy, Gökhan Tataroğlu, Ceyhun Aksan and Berk Can Köybaşıoğlu.

Transaction Type: Investment

Valuation: –

Investors: Mustafa Atilla, Erman Kumcu, Orhan Çetin, Mustafa Erdem Demirkol, Elif Palancı, Ahmet Demirel, Can Doğancoşkun, Ömer Yiğit Aykan, Onur Ergönen, Duygu Acar Yücesoy, Gökhan Tataroğlu, Ceyhun Aksan, Berk Can Köybaşıoğlu

Co-founders: Eren Alkış, Nevin Durmuş

Headquarters: Istanbul

🎯 Digital marketing platform Edvido raised funding with $2.5 million valuation.

Edvido, which develops digital marketing solutions that facilitate collaborations between brands and agencies, has raised funding with $2.5 million valuation from Alesta Yatırım.

Transaction Type: Investment

Valuation: $2.500.000

Investors: Alesta Yatırım

Co-founders: Yağız Can ve Mert Osmanoğlu

Headquarters: Istanbul

🎯 Digital guest experience platform WeBee raised funding with $6 million valuation.

WeBee, which offers a digital guest experience platform to facilitate hotel management, has raised funding with $6 million valuation from Fuzul Ventures.

Transaction Type: Investment

Valuation: $6.000.000

Investors: Fuzul Ventures

Co-founders: Tansel Voyvodaoğlu, Özgür Zan

Headquarters: London

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