Weekly Startup Ecosystem Overview in Turkiye / October 23 – 29

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Last week, 8 Turkish startups received investment in the entrepreneurship ecosystem and 2 secondary transaction has been made. The headquarters of the startups that received investment were distributed as Istanbul, Boston, France and Izmir. 3 venture capital investment fund was also established.

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

1 Research Services

1 Software / Artificial Intelligence

1 Financial Services

1 Information Technologies

1 Marketing / Artificial Intelligence

1 Mental Health

1 Roommate App

1 Agriculture / Food

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, October 27th; It was announced that 3 portfolio company received establishment permission for 3 venture capital investment fund.

Permitted Funds:

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

Qinvest Portföy Yönetimi AŞ Pragma Capital Partners Industrial Companies Venture Capital Investment Fund

Tera Portföy Yönetimi AŞ Ludus Ventures Venture Capital Investment Fund

🎯 Product content evaluator Ecomercek raised $125.000.

Ecomercek, which evaluates the contents of cosmetics, skin care, personal hygiene and home care products, has raised $125.000 from Eczacıbaşı Momentum.

Transaction Type: Investment

Valuation: –

Investors: Eczacıbaşı Momentum

Co-founders: – (Corporate entrepreneurship program)

Headquarters: Istanbul

🎯 Content and analysis solutions provider Novus raised $500.000.

Novus, which provides content analysis and solutions to corporate companies, has raised $500.000. The investment round was led by Inveo Ventures, with participation from Startup Wise Guys, Venture Lane and Aegan Ventures.

Transaction Type: Investment

Valuation: –

Investors: Inveo Ventures, Startup Wise Guys, Venture Lane, Aegan Ventures

Co-founders: Rıza Egehan Asad, Vorga Can

Headquarters: Boston / Istanbul

🎯 Financial technology startup Agra Fintech raised funding with $18 million valuation.

Agra Fintech, which operates in the field of financial technologies, has raised funding with $18 million valuation from Re-Pie Katılım Karma Venture Capital Investment Fund.

Transaction Type: Investment

Valuation: $18.000.000

Investors: Re-Pie Katılım Karma Venture Capital Investment Fund

Co-founders: Taner Toraman, Muharrem Uğurelli

Headquarters: Istanbul

🎯 Tech solutions provider Bestcloudfor.me raised funding.

Bestcloudfor.me, which provides cloud, DevOps, SysOps and automation solutions, has raised funding from Eclit.

Transaction Type: Investment

Valuation: –

Investors: Eclit

Co-founders: Berkay Özuygur

Headquarters: Istanbul

🎯 Artificial intelligence and marketing technologies startup AdCreative raised funding.

AdCreative, which enables brands and agencies to create artificial intelligence-supported advertising materials and social media content, has raised funding from İnventram and and 11 investors.

Transaction Type: Investment

Valuation: –

Investors: İnventram, other investors

Co-founders: Tarık İnce, Tufan Gök, Yusuf Kaya

Headquarters: France

🎯 Self therapy application Selfweller raised funding with 16.6 million TL valuation.

Selfweller, a self-therapy application that prepares personalized “audio self-therapy” sessions and interactive activities to solve psychological and emotional problems, has raised funding with 16.6 million TL valuation. The investment round was led by ŞirketOrtağım.

Transaction Type: Investment

Valuation: 16.600.000 TL

Investors: ŞirketOrtağım, other investors

Co-founders: Hüseyin Eleman

Headquarters: Izmir

🎯 Roommate finding platform Roombadi raised funding with $2 million valuation.

Roombadi, a platform that helps find a roommate or a house, has raised funding with $2 million valuation from Nevzat Aydın, Atanova Ventures and Yusuf Soysal.

Transaction Type: Investment

Valuation: $2.000.000

Investors: Nevzat Aydın, Atanova Ventures, Yusuf Soysal

Co-founders: Bahattin Öktemer

Headquarters: Istanbul

🎯 Agricultural technologies startup Doktar raised funding.

Doktar, which develops end-to-end technologies for the agriculture and food industry, has completed its Series A investment round led by Diffusion Capital Partners. Credia Ventures and individual investors also participated in the investment round.

Transaction Type: Investment

Valuation: –

Investors: Diffusion Capital Partners, Credia Ventures, individual investors

Co-founders: Tanzer Bilgen, Selim Uçer

Headquarters: Istanbul

🛒 Mynet, acquired by Mediazone.

Mediazone, which hosts the media, sports and entertainment company, has acquired Mynet.

Transaction Type: Acquisition

Investors: Mediazone

Co-founders:

Headquarters: Istanbul

🛒 Patika.dev acquires US-based startup BlockBeam.

Educational technologies startup Patika.dev has acquired US-based startup BlockBeam.

Transaction Type: Acquisition

Investors: Patika.dev

Co-founders: Drew Cousin

Headquarters: Boston

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