Weekly Startup Ecosystem Overview in Turkiye / March 25 – 31

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Last week, 5 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul. 4 venture capital investment fund was also established.

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

2 Logistics

1 Biotechnology

1 Software & Astrology

1 Gaming

News of the Week

Last week, 4 Venture Capital Investment Fund (GSYF) received establishment permission.

In the Turkish Capital Markets Board (CBM) newsletter published on Thursday, March 28th; It was announced that 2 portfolio company received establishment permission for 4 venture capital investment fund.

Permitted Funds:

A1 Portföy Yönetimi AŞ Fourth Venture Capital Investment Fund

A1 Portföy Yönetimi AŞ Fifth Venture Capital Investment Fund

İsra Gayrimenkul ve Girişim Sermayesi Portföy Yönetimi AŞ First Venture Capital Investment Fund

İsra Gayrimenkul ve Girişim Sermayesi Portföy Yönetimi AŞ Second Venture Capital Investment Fund

🎯 Last mile delivery solutions developer İletmen raised $850.000.

İletmen, which offers last-mile delivery solutions with the software and business model it developed, has raised $850.000. The investment round was led by APY Ventures Bilişim Vadisi GSYF, with participation from angel investors.

Transaction Type: Investment

Valuation: –

Investors: APY Ventures Bilişim Vadisi GSYF, angel investors

Co-founders: Özgür Duruöz

Headquarters: Istanbul

🎯 Digital logistics platform Tırport raised approximately $2 million.

Tırport, one of Turkey’s leading digital logistics platforms, has raised approximately $2 million from Finberg.

Transaction Type: Investment

Valuation: –

Investors: Finberg

Co-founders: Akın Arslan

Headquarters: Istanbul

🎯 Plastics alternatives developer Verdantwave raised funding.

Verdantwave, which focuses on reducing carbon emissions and oil use, has raised funding from Founder One.

Transaction Type: Investment

Valuation: –

Investors: Founder One

Co-founders: Kaan Ertaylan

Headquarters: –

🎯 Personal astrological guidance application Astopia raised $300.000.

Astopia, which provides personal astrological guidance, has raised $300.000 in pre-Seed funding round. The investment round was joined by Kıvanç Ünal, Merve Gürel, Atakan Özel, Mehmet Said Atabay and Çağrı Emre Korkmaz.

Transaction Type: Investment

Valuation: –

Investors: Kıvanç Ünal, Merve Gürel, Atakan Özel, Mehmet Said Atabay, Çağrı Emre Korkmaz

Co-founders: Atıl Samancıoğlu, Ceyla Yurtseven, Utku Gülseven

Headquarters: Istanbul

🎯 Gaming studio Midas Games raised $1 million.

Midas Games, a game studio focusing on the skill-based and competitive games category, has raised $1 million in pre-Seed funding round. The investment round was led by GSYF, which was established in partnership with Ludus Ventures and Tera Portföy.

Transaction Type: Investment

Valuation: –

Investors: Ludus Ventures and Tera Portföy GSYF

Co-founders: Selçuk Korateş, Hikmet Duran, Fatih Karadeniz, Mert Ulutaş, Emre Öztürk, İlkim Ülgen

Headquarters: Istanbul

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