Weekly Startup Ecosystem Overview in Turkiye / October 2 – 8

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Last week, 4 Turkish startups received investment in the entrepreneurship ecosystem and 3 secondary transaction has been made. The headquarters of the startups that received investment were distributed as Istanbul, Ankara and Australia.

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

1 Human Resources

1 Blockchain / Web 3

1 Rental / Marketplace

1 Investment Network

News of the Week

🟥 StartupCentrum 2023 – Q3 Turkish Startup Ecosystem Funding Report is now available !

2023 continues as a year in which interest rates increase worldwide and therefore investments in startups decrease. According to the report, 81 investment rounds were completed in the fourth quarter of 2023. When comparing the third quarters of 2022 and 2023, it is observed that the number of investments remained at similar levels, but the investment amount has decreased.

To view the details of the report 👉 startupcentrum.com

🎯 Training and talent management platform Skilled Hub raised funding.

Skilled Hub, which helps people develop technical skills and industry-specific knowledge in the field of technology, has completed its first angel investment round. The investment round was joined by Murat Tayhan, Mehmet Murat İsen and Mustafa Kemal Sözkesen.

Transaction Type: Investment

Valuation: –

Investors: Murat Tayhan, Mehmet Murat İsen, Mustafa Kemal Sözkesen

Co-founders: Serap Köprülü, Erdal Sarı, Murat Kahraman

Headquarters: Istanbul

🎯 Blockchain technologies platform Wodo Network raised $1 million.

Wodo Network, which develops Web 3.0 technologies and solutions, has raised $1 million from VBT Yazılım.

Transaction Type: Investment

Valuation: –

Investors: VBT Yazılım

Co-founders: Bekir Dağ, Serhat Tanrıkut

Headquarters: Australia / Istanbul

🎯 Rental platform Varsapp raised $200.000.

Varsapp, a technological platform provider where users can rent goods safely and quickly, has raised $200.000 in its bridge investment round. The investment round was joined by investors such as hiVCFounder One, Mehmet Toprak and Murat Aksöz..

Transaction Type: Investment

Valuation: –

Investors: hiVC, Founder One, Mehmet Toprak, Murat Aksöz

Co-founders: Zeynep Eliçin, Hande Sevinç

Headquarters: Istanbul

🎯 E-commerce investment network RubiBrands raised funding.

RubiBrands, which helps e-commerce brands grow, received an investment from IstcapitalMentors FundFinbergFidelis VenturesFormus CapitalD4 VenturesJam Fund and Atempo Growth.

Transaction Type: Investment

Valuation: –

Investors: Istcapital, Mentors Fund, Finberg, Fidelis Ventures, Formus Capital, D4 Ventures, Jam Fund, Atempo Growth

Co-founders: Yetkin Güneş, İrtek Uraz, Berkay Tulay, Emre Ekmekçi

Headquarters: Istanbul

🛒 Ango.ai acquired by US-based iMerit.

AI-powered data labeling platform Ango.ai has acquired by US-based iMerit.

Transaction Type: Acquisition

Investors: iMerit

Co-founders: Gökalp Urul, Gökhan Urul

Headquarters: Ankara

🛒 Crowdfunding platform Fongogo acquires StartupMarket.

Crowdfunding platform Fongogo has acquired startup ecosystem digital platform StartupMarket.

Transaction Type: Acquisition

Investors: Fongogo

Co-founders: Serkan Bağçe

Headquarters: Istanbul

🛒 Kidolog acquires Pet care super app PatiWe.

Kidolog, a platform that offers expert support to parents about child development, has acquired pet care super app PatiWe.

Transaction Type: Acquisition

Investors: Kidolog

Co-founders: Mustafa Anıl Benli, Ömer Çakır, Elçin Kılıç, Burak Onuralp Bozkurt, Furkan Zerman, Fatih Kabak

Headquarters: Ankara

Other News of the Week:

📌 Pastacıdan, which provides access to all its dessert products on a single platform, went on a crowdfunding tour  on a crowdfunding tour with a target of 4 million TL through fonbulucu.

📌 Venture capital fund and co-investment platform Startupfon has received a Crowdfunding License from the Capital Markets Board.

📌 The startups selected for the Workup Rise & LEAP program, organized in collaboration between Türkiye İş Bankası and Ankara Technology Development Center (TEKMER), have been announced. The startups chosen for the program are: B2Metric, Co-One, Enqura, Heybooster, Homster, Kompanion, Livad, Magnus and Onlayer.

🟥 StartupCentrum

Find the best startup jobs or launch your future unicorn company, meet the best talents and startups, and get in contact with international accelerators and investors to grow!

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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