Last week, 4 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Amsterdam, Newcastle and Istanbul. 3 venture capital investment fund was also established.
The vertical distribution of the startups receiving investment is as follows:
1 Artificial Intelligence
1 Renewable Energy
1 Solar Energy
1 Social Finance
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 Friday, June 28th; It was announced that 2 portfolio company received establishment permission for 3 venture capital investment fund.
Permitted Funds:
Fiba Portföy Yönetimi AŞ Fiba Büyüme Venture Capital Investment Fund
Fiba Portföy Yönetimi AŞ Odak Girişim Venture Capital Investment Fund
Istanbul Portföy Yönetimi AŞ Vanora Venture Capital Investment Fund
🎯 Startup scouting platform Bounce Watch raised funding with €2.5 million valuation.
Startup scouting and tracking platform Bounce Watch, has raised funding with €2.5 million valuation. The investment round was joined by angel investors such as Aylin Kosova Bilgin, Can Üzel, Deniz Güven, Dora Güçsav, Gülin Yücel and Süha Güçsav.
Transaction Type: Investment
Valuation: €2.500.000
Investors: Aylin Kosova Bilgin, Can Üzel, Deniz Güven, Dora Güçsav, Gülin Yücel, Süha Güçsav
Co-founders: Cem Ötkün, Sedat Yusuf Ergüneş
Headquarters: Amsterdam
🎯 Renewable energy smart virtual assistant Kavaken raised $1.1 million.
Kavaken, which facilitates the operation, financing and insurance processes of renewable energy investments with its data-based technology, has raised $1.1 million in Seed funding round from Vestel Ventures, Rockstart, Norrsken Accelerator, Founder One, 2040VC, Boğaziçi Ventures, Re-Pie, Yetik Kadri Mert, Olcayto Yiğit, Samuel Jaudel.
Transaction Type: Investment
Valuation: –
Investors: Vestel Ventures, Rockstart, Norrsken Accelerator, Founder One, 2040VC, Boğaziçi Ventures, Re-Pie, Yetik Kadri Mert, Olcayto Yiğit, Samuel Jaudel
Co-founders: Bora Tokyay, Murat Yılmaz
Headquarters: Newcastle
🎯 Solar power control solutions provider Hummingdrone raised funding with $2 million valuation.
Hummingdrone, which develops innovative aerial inspection solutions to increase the performance of solar power plants, has raised an investment in pre-Seed funding round, led by İş Bankası Yapay Zeka Fabrikası.
Transaction Type: Investment
Valuation: $2.000.000
Investors: İş Bankası Yapay Zeka Fabrikası
Co-founders: Orkun Aşa
Headquarters: Istanbul
Crypto-focused social finance application bottomUP, has raised funding with $3 million valuation from Can Olguner and Ozan Olguner.
Transaction Type: Investment
Valuation: $3.000.000
Investors: Can Olguner, Ozan Olguner
Co-founders: Deniz Sağlam, Said Ünlü, Erdoğan Yücel, Alex Yusifli
Headquarters: Istanbul
Other News of the Week:
📌 500 Emerging Europe has participated in Seed funding round of Daytona, which provides an open source development environment with the aim of accelerating the software development process of corporate companies.
📌 The fifth term of the Scale-Up Acceleration Program, organized by Endeavor Turkiye in cooperation with P&G, has completed with the graduation of Aposto, B2Metric, Comodif, Kidolog, Masraff, Mega Fortuna, Twiser, Uppy, Usersdot and Vigo.
📌 For the first time in Turkiye, transactions in venture capital investment funds (VCIF) and real estate investment funds (REIF) will be carried out entirely in a digital environment with Fonmap.
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