Weekly Startup Ecosystem Overview in Turkiye / September 1 – 8

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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, Eskişehir and Dubai.

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

1 Advertisement

1 Mobility

1 Environmental Services

1 Health Care

1 Mobile Advertisement

News of the Week

🎯 Adtech startup Magfi raised $1.1 million.

Magfi, which facilitates simultaneous advertising in Telegram and Discord communities through machine learning and artificial intelligence technologies, has raised $1.1 million in Seed funding round, led by Eleven Ventures. Boğaziçi Ventures, Zoran Arsovski and Horia Manda also participated in the investment round.

Transaction Type: Investment

Valuation: –

Investors: Eleven Ventures, Boğaziçi Ventures, Zoran Arsovski, Horia Manda 

Co-founders: Mustafa Fikret Uğur

Headquarters: Istanbul

🎯 Mobility solutions developer ACTIO Mobilite Teknolojileri raised 120 million TL.

ACTIO Mobility Technologies, which aims to provide environmentally friendly and high-performance mobility solutions, has raised 120 million TL from PREO GSYF, operating under Letven Capital.

Transaction Type: Investment

Valuation: –

Investors: PREO GSYF

Co-founders:

Headquarters: Istanbul

🎯 Environmental services provider Good Sanitation Company raised $450.000.

Good Sanitation Company, which aims to make clean water, sanitation and hygiene technologies accessible to everyone and especially aims to meet the great need that arises in these areas after disasters such as earthquakes, has raised $450.000 from Faruk Eczacıbaşı and Founder One.

Transaction Type: Investment

Valuation: –

Investors: Faruk Eczacıbaşı, Founder One

Co-founders: Dilek Turan, Halil İbrahim Kemaneci, Boğaç Şimşir, Erdem Akan, Metin Salt

Headquarters: Eskişehir

🎯 Neurotechnology startup Auto Train Brain raised funding with $8.2 million valuation.

Auto Train Brain, which focuses on the development of cognitive abilities of children and adults with dyslexia, ADHD and other learning difficulties, has raised funding with $8.2 million valuation from Pera Yatırım Holding.

Transaction Type: Investment

Valuation: $8.200.000

Investors: Pera Yatırım Holding

Co-founders: Dr. Günet Eroğlu

Headquarters: Istanbul

🎯 Mobile advertising services provider Evolution raised funding.

Evolution, which offers mobile advertising services, has raised funding from Volkan Biçer.

Transaction Type: Investment

Valuation: –

Investors: Volkan Biçer

Co-founders:

Headquarters: Dubai

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