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In the last quarter of 2023, 81 startups received a total of $59.7 million in investment. Compared to the third quarter of 2022-2023, although the number of investments remained at similar levels, the investment amounts decreased.The gaming, finance, and artificial intelligence sectors stood out as the verticals receiving the most investments.During the occurrence of 81 investment rounds, a minimum of 131 investors participated. Among these investors, 59 were individuals who were also part of angel investment networks, while the remaining 72 were institutional investors.Updates (11.10.23 - 15.00):Some typos have been fixed.
The first half of 2023 was a period of uncertainty globally, as well as a challenging time for Turkey with earthquakes and elections. However, despite all the adversities, Turkish startups took successful steps in the investment field. Here are the details of the report for the first half of 2023:In the first half of the year, a total of 162 startups received a total investment of $218 million in 164 funding rounds. While most of these investments were below $1 million, investments ranging between $1 million and $10 million matched the previous year. However, there was only one investment above $10 million, which was the $105 million investment received by Insider.In terms of sectors, artificial intelligence and machine learning, gaming, finance, and healthcare were among the sectors that received the most investments. Startups working in the waste management and digital transformation verticals also stood out with their investments in the first half of the year.Istanbul received the highest amount of investments, with 126 startups raising approximately $190 million. Investments in Ankara and Izmir reached a total of $10 million. Investments also took place in cities like Kocaeli, Kayseri, Sakarya, and Erzurum.It can be said that foreign investor interest decreased somewhat in the first half of the year. However, local investors continue to show interest in the ecosystem. While the ratio of foreign institutional investors was 50% in 2022, it dropped to 25% in the first half of 2023.The report also mentions the gender distribution of co-founders. Although the number of female co-founders in the ecosystem is gradually increasing every year, it has not yet reached sufficient levels.Updates (14.7.23/18:00):Fixed some typos.The tables were improved.More details have been added to the Secondary Transactions.
The uncertainty in the global economic and political climate for tech startups continues in 2023. Although the interest of domestic investors in Türkiye continues, it is not possible to say the same for foreign investors.In the first quarter of 2023, 77 technology startups in Türkiye received investment. There is a decrease of about 20% compared to the previous quarter. In particular, high-valued investments have decreased significantly. Tech startups received a total of $61 million in Q1'23, the lowest amount collected since the beginning of 2021.2023 started off somewhat problematic with high-valued investments exceeding $10 million. Low interest of foreign investors can be an important factor here, especially. So much so that while 50% of institutional investors investing in domestic tech startups were foreigners in 2022, the rate of foreign investors in the first quarter of 2023 remained at the level of 16%. Although the number of foreign investors is small, the interest of domestic investors in the ecosystem is quite high.On the other hand, when we look at investments under $10 million, it can be seen more clearly that the interest in the ecosystem continues. Investments under 10 million dollars were very close to 2021 and 2022 in quantity and quantity.The first numbers for 2023 are in the report!Updates (12.4.23/18:00):Fixed some typos.Some information added to Secondary Transactions
France was one of the few countries in Europe to increase its investment amount in 2022. In 2021, Paris surpassed Berlin as the city with the most investment. In 2022, the total investment amount in France surpassed Germany, making it the second country in Europe to raise the most funds after the United Kingdom. In 891 investment rounds last year, $13.6 billion was invested. 41% of the investment amount consisted of 25 mega investments of $100 million or more. In addition, the total amount of investments between $10 million and $100 million increased by 21% compared to 2021, reaching $5.9 billion. In 2022, finance and health startups were once again the sectors that received the most investment. In the finance sector, 115 startups received a total of $2.68 billion in investment. There were seven startups in the finance vertical that received investments of over $100 million. In the health sector, 71 startups received investment. Due to only one startup in the health vertical receiving over $100 million, the total investment amount remained relatively low at $1.11 billion. After the finance and health verticals, the energy vertical was the third most invested sector, with 66 energy startups receiving a total of $1.22 billion in investment.
France was one of the few countries in Europe to increase its investment amount in 2022. In 2021, Paris surpassed Berlin as the city with the most investment. In 2022, the total investment amount in France surpassed Germany, making it the second country in Europe to raise the most funds after the United Kingdom. In 891 investment rounds last year, $13.6 billion was invested. 41% of the investment amount consisted of 25 mega investments of $100 million or more. In addition, the total amount of investments between $10 million and $100 million increased by 21% compared to 2021, reaching $5.9 billion. In 2022, finance and health startups were once again the sectors that received the most investment. In the finance sector, 115 startups received a total of $2.68 billion in investment. There were seven startups in the finance vertical that received investments of over $100 million. In the health sector, 71 startups received investment. Due to only one startup in the health vertical receiving over $100 million, the total investment amount remained relatively low at $1.11 billion. After the finance and health verticals, the energy vertical was the third most invested sector, with 66 energy startups receiving a total of $1.22 billion in investment. The headlines from the report are as follows: - The top 12 startups that received the most investment- Changes in investments made in the French ecosystem over the last 6 years- Regions with the highest density of startups- Sector details- Investment stage details (total numbers, averages, and medians)- Information on startups that have completed their first investment round- Countries where investors are located- Gender information of co-founders- The complete list of 891 investment rounds (PDF)
In 2021, a record-breaking investment of 1.6 billion dollars was made in the Turkish startups. In 2022, this record was renewed. 1.74 billion dollars was invested in 341 investment rounds. Although 65% of the investment amount came from 3 mega investments ($100M or more), 594 million dollars were invested in the remaining rounds.In 2022, gaming, artificial intelligence & machine learning and finance initiatives were again the top sectors of the ecosystem. 30 startups in the gaming industry received a total of 437 million dollars. The investment focus in the gaming industry started to shift away from mobile hypercasual and towards blockchain-based games. 30 startups working in artificial intelligence & machine learning verticals received investment in 2022. It was followed by Finance with 27 startups and Healthcare with 25 startups. You can find detailed information about the sectors in the report.Another outstanding situation in 2022 was that half of the 307 institutional investors who participated in the investments this year were foreigners. Institutional and individual investors are separated and analyzed separately in the report.Highlights from the 2022 Turkey Startup Ecosystem Investment Report:Summary of National Technology Entrepreneurship Strategy published in 2022,The number of enterprises that received investment in 2022 from enterprises that received TÜBİTAK BIGG support,Legislative changes concerning Startup Law in 2022,The number of Startups, Scaleups and Unicorns that received investment in 2022, the amount of investment and the number of employees,Which countries and abroad cities are preferred by the enterprises that move their headquarters abroad,Ranking Istanbul and Turkey in Europe in 2022 with the investments they have received,Game and artificial intelligence & machine learning industry analysis,More information about investments in sectors such as food technologies, blockchain, human resources,Sectoral distribution of startups receiving investment for the first time,2022 performances of active crowdfunding platforms,Domestic investors who invest the most in the ecosystem,and the universities from which the founding partners graduatedUpdates:Changes were made to the ‘Investor List’.Typos were corrected in ‘Data and Methodology’.
In the 2022-Third Quarter Turkey Startup Ecosystem Investment Report, the investments made in Turkey were discussed in many aspects, along with many detailed information such as the cities, sectors, founding partners and investors of the enterprises that received investment.
Startup investments in the world are decreased this year, but how is the investment in Turkey? Which data increased and decreased? What about investments in the gaming industry? Will a Unicorn be heard from the fintech in the near future? You can find answers to such questions and curious details about investments in 2022 in the report!
The Turkish entrepreneurship ecosystem has been growing rapidly in recent years. How does this growth compare to the rest of the world? We compared the investments made in the first quarter of 2022 in the USA, UK, France, Israel, Germany, Singapore, Brazil, and Egypt with the investment trends in Turkey. Details that you have not seen before about the Turkish ecosystem are in our mini-report!
In 2021, the French startup ecosystem received a total investment of $11.7 billion, a significant increase from the previous year. 60% of the investment amount came from foreign investors, indicating the growing interest and confidence in French startups from international players.The top sectors that received investment in 2021 were Finance (112 investments), Health (110 investments), and Transportation (71 investments). In terms of amount, Finance ($2.2B), CRM & Sales ($1.56B), and Health ($1.55B) were the top sectors receiving the most investment, driven in part by unicorn startups.In addition, the report includes information on:The most highly-funded startupsInvestment amounts and numbersSector distribution of investmentsCity/region distribution of investmentsInvestment stage detailsInvestment round detailsInvestors and their countriesCustomer focus of the startupsFounding datesFounder information and gender distributionSecondary transactionsComparison of leading cities
In the 2021 Turkey Startup Ecosystem Investment Report, the startups that received investment in 2021 were evaluated according to their industry, city, investment stage, crowdfunding, investor, founding partner, customer focus, date of establishment, product type, and revenue model. The most active investors and universities of the year were also examined in the report.
In the first half of 2021, the French startup ecosystem received a total investment of $5.9 billion, a significant increase from the previous year. 49% of the investment amount came from foreign investors, indicating the growing interest and confidence in French startups from international players.The top sectors that received investment in the first half of 2021 were Health (55 investments), Finance (47 investments), and Information Technology (24 investments). In terms of amount, E-commerce ($1B), CRM & Sales ($638M), and Data & Analytics ($588M) were the top sectors receiving the most investment, driven in part by unicorn startups.In addition, the report includes information on:The most highly-funded startupsInvestment amounts and numbersSector distribution of investmentsCity/region distribution of investmentsInvestment stage detailsInvestment round detailsInvestors and their countriesCustomer focus of the startupsFounding datesFounder information and gender distributionSecondary transactionsComparison of leading cities
2021 Q1 Turkey Startup Ecosystem Investment Report includes the investments made in Turkey in 2021 Q1 with the details. In addition, much detailed information such as cities and industries of the startups that raised funds were also included. The report also includes the list of startups that raised funding.
