Last week, 6 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as San Francisco, California, Ankara, Wien, Sakarya and Istanbul. 5 venture capital investment fund was also established.
The vertical distribution of the startups receiving investment is as follows:
1 Cyber Security
1 Artificial Intelligence
1 Sustainability & Software
1 Consulting
1 Agricultural Technologies
1 Biotechnology
News of the Week
Last week 5 Venture Capital Investment Fund (GSYF) received establishment permission.
In the Turkish Capital Markets Board (CBM) newsletter published on Thursday, September 19th ; It was announced that 4 portfolio company received establishment permission for 5 venture capital investment fund.
Permitted Funds:
Azimut Portföy Yönetimi AŞ Green Code Venture Capital Investment Fund
Azimut Portföy Yönetimi AŞ Advanced Technologies and Artificial Intelligence Venture Capital Investment Fund
Neo Portföy Yönetimi AŞ Sixth Venture Capital Investment Fund
İstanbul Portföy Yönetimi AŞ Nakkaş Altyapı Venture Capital Investment Fund
Nurol Portföy Yönetimi AŞ İdacapital WorqCompany Venture Capital Investment Fund
🎯 Cybersecurity startup Picus Security raised $45 million.
Picus Security, a cybersecurity startup operating in the field of cyber attack simulation technologies, has raised $45 million. The investment round was led by Riverwood Capital, with participation from Earlybird Digital East Fund.
Transaction Type: Investment
Valuation: –
Investors: Riverwood Capital, Earlybird Digital East Fund
Co-founders: Aycan İrican, Hamdi Alper Memiş, Süleyman Özarslan, Volkan Ertürk
Headquarters: San Francisco (US)
🎯 Generative media platform fal raised $23 million.
Fal, which facilitates developers’ access to artificial intelligence models used in media production, has raised a total of $23 million in Seed and Series A funding round. The investment rounds was joined by Kindred Ventures, Andreessen Horowitz, 500 Emerging Europe, Aravind Srinivas, Guillermo Rauch, Balaji Srinivasa, Julien Chaumond.
Transaction Type: Investment
Valuation: –
Investors: Kindred Ventures, Andreessen Horowitz, 500 Emerging Europe, Aravind Srinivas, Guillermo Rauch, Balaji Srinivasa, Julien Chaumond
Co-founders: Burkay Gür, Görkem Yurtseven
Headquarters: –
🎯 Sustainability solutions developer Blok-Z raised $500.000.
Block-Z, which develops energy and blockchain-based sustainability solutions, has raised $500.000 from Simya VC.
Transaction Type: Investment
Valuation: –
Investors: Simya VC
Co-founders: Erhan Yıldırım
Headquarters: Ankara
🎯 Global growth accelerator Nexrone Global raised $300.000.
Nexrone Global, which accelerates the global growth process of companies, has raised $300.000 with $5 million valuation. The investment round was joined by Asteks Tech, Baran Akman, Aleyna Helin Tanrıtanır and Elif Güven Işık.
Transaction Type: Investment
Valuation: $5.000.000
Investors: Asteks Tech, Baran Akman, Aleyna Helin Tanrıtanır, Elif Güven Işık
Co-founders: Ersoy Soyer
Headquarters: Wien (Austria)
🎯 Agricultural analytics platform Agrovech raised funding with $2.2 million valuation.
Artificial intelligence-supported agricultural analysis platform Agrovech, has raised funding with $2.2 million valuation from Duyaroğlu Şirketler Grubu.
Transaction Type: Investment
Valuation: $2.200.000
Investors: Duyaroğlu Şirketler Grubu
Co-founders: Doç. Dr. Ali Furkan Kamanlı
Headquarters: Sakarya
🎯 Biotech startup Chitosolve raised funding with $2 million valuation.
Chitosolve, founded in Entertech Istanbul Teknokent, has raised funding with $2 million valuation.
Transaction Type: Investment
Valuation: $2.000.000
Investors: –
Co-founders: Seda Çakır
Headquarters: Istanbul
Other News of the Week:
📌 Yapı Kredi has launched the Yapı Kredi Portföy FRWRD First GSYF with a size of 10 million dollars to increase its activities in the local enterprise ecosystem.
📌 Six startups graduated from the 12th batch of the Workup Entrepreneurship Program, and three from the 3rd batch of Workup Agri. The graduating startups are: Branchsight, Korvo, Magfi, Shipnn, Trendbox, Zuzzuu, Ancient Greens, SoilBiom and Uptechlabs.
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