Weekly Startup Ecosystem Overview in Turkiye / September 25 – October 1

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Last week, 8 Turkish startups received investment in the entrepreneurship ecosystem. The headquarters of the startups that received investment were distributed as Istanbul, Ankara and Mersin.

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

1 Nano Technology

1 Authentication

1 Dental Health

1 HR Tech / Super App

1 Workforce Management

1 Solar Energy

1 Deep Technology

1 Aviation

News of the Week

🎯 Nano-technology startup KfobiX raised $275.000.

Kfobix, which develops micro-nano composite coatings and advanced materials, has raised $275.000. The investment round was joined by Arz PortföySaves Enerji and Sente VC.

Transaction Type: Investment

Valuation: –

Investors: Arz Portföy, Saves Enerji, Sente VC

Co-founders: –

Headquarters: Ankara / New Brunswick

🎯 Identity verification solutions provider Enqura raised $2.9 million.

Enqura, which operates as a remote authentication platform, has raised $2.9 million from Eksim VenturesHedef Portföy Startup Burada GSYF, Lima VenturesDoğa GirişimEcho Çağrı MerkeziSistem Global, Mehmet Darendeli and İsmail Emre Peser.

Transaction Type: Investment

Valuation: –

Investors: Eksim Ventures, Hedef Portföy Startup Burada GSYF, Lima Ventures, Doğa Girişim, Echo Çağrı Merkezi, Sistem Global, Mehmet Darendeli, İsmail Emre Peser

Co-founders: Metin Karabiber

Headquarters: Istanbul

🎯 Dental health processes accelerator diştedavim raised $340.000.

diştedavim.com, which operates to accelerate and facilitate processes in the field of dental health, has raised $340.000 with $12 million valuation.

Transaction Type: Investment

Valuation: $12.000.000

Investors: –

Co-founders: Efe Çelebi

Headquarters: Istanbul

🎯 Super App Memotive raised funding with $4 million valuation.

Memotive, a super app that increases efficiency by digitalizing companies’ HR processes, received an investment with a valuation of $4 million. The investment round was joined by Ahu Serter, Ahmet Yalçın Yeşilova, Yasemin Yeşilova Muştucu, Ark Pres Kemerleri A.Ş., Özlem Kurt, İzzet Gürler, Fatma Aydoğdu, Efe Oran and Emre Mustafa İdemen.

Transaction Type: Investment

Valuation: $4.000.000

Investors: Ahu Serter, Ahmet Yalçın Yeşilova, Yasemin Yeşilova Muştucu, Ark Pres Kemerleri A.Ş., Özlem Kurt, İzzet Gürler, Fatma Aydoğdu, Efe Oran, Emre Mustafa İdemen

Co-founders: Duygu Aynur

Headquarters: Istanbul

🎯 Shift management application Shifter raised funding with $3.7 million valuation.

Shifter, which facilitates shift-based workforce management, received an investment with a valuation of $3.7 million.

Transaction Type: Investment

Valuation: $3.700.000

Investors: –

Co-founders: Atakan Yılmaz

Headquarters: Istanbul

🎯 Solar energy solutions provider solarVis raised funding with $3.3 million valuation.

solarVis, which develops digital solutions for the solar energy sector, has completed its first investment round with $3.3 million valuation. The investment round was joined by Enis Fakıoğlu and Ahmet Birim Cezayirlioğlu.

Transaction Type: Investment

Valuation: $3.300.000

Investors: Enis Fakıoğlu, Ahmet Birim Cezayirlioğlu

Co-founders: Samet Yıldırım, Enes Berk Karahançer

Headquarters: Ankara

🎯 Deep tech startup Toruk MAGIC Deep Tech raised funding with $2.5 million valuation.

Toruk MAGIC Deep Tech, which develops artificial intelligence-based software with machine learning, received an investment with a valuation of $2.5 million from Sinem Dede.

Transaction Type: Investment

Valuation: $2.500.000

Investors: Sinem Dede

Co-founders: Alihan Çetin

Headquarters: Istanbul

🎯 Agricultural UAV developer Baibars raised funding with $15 million valuation.

Baibars, which develops agricultural pesticide drones and unmanned aerial vehicles, received an investment with a valuation of $15 million from Japanese company Exedy.

Transaction Type: Investment

Valuation: $15.000.000

Investors: Exedy

Co-founders: Çağlayan Erguvan

Headquarters: Mersin

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