Turkish emerging companies attracted a record of approximately 1.6 billion dollars (30.09 billion TL) in investments in 2022, according to industry data, though global Headwinds, including slowdowns in Funding that threatens prospects of environmental system.
About $1.59 billion has been invested in about 300 deals in Seeds, early and later venture DC phases last yearView the Startups.watch ecosystem watch annual report. The number goes up to a record even when fast Getir, the leading grocery delivery company, funded $768 million round Excluded, which represented a 26% increase to $825 million.
the last quarter of 2022 saw $93 million invested in 74 deals in Seeds, early and later venture Dc phases, highlighted by the report unveiled at event in Istanbul this week.
Reverse it further slow down as in All other major markets around worldwhich suffer from rising Interest rates, inflation rise and fall in evaluations that resulted in a decrease in investment deals.
Fourth in world in gaming
games and financial technology Industries are still able to get best year Start in terms of the value of The deals, according to the report that showed the fintech, software As a Service (SaaS), game, artificial intelligence, and market regions on higher in terms of the number of deals.
Excluding the Getir deal, about 54% of investments in Composed in 2022 of gaming and financial technology deals. the games attracted The data showed that about $362 million, while financial technology collected about $90 million. up of $265 million and $69 million, respectively, in 2021.
despite of fact this number of Deals are halved to 24 for a year In the past, it was gaming Industry still helps Turkey ranked fourth in the world just After the United States, Singapore and the United Kingdom and second in Europe in terms of a lock game deals.
Among other things, the data showed foreign investors joined one out of every five transactions last year. In addition, 116 out of 300 deals in 2021 had a company or company venture Capital (CVC) among investors.
CVC funds participated in 39% of package deals, also Marking an all-time high, according to the report, A rate that way more than double it of 2017 and compared to 32% and 33% in 2020 and 2021, respectively.
VCIF effect
Meanwhile, existence of venture Capital investment funds gained weight in 2022, when 103 of total The deals were at least one The report said that the Vertical Capital Fund (VCIF) is among the investors. Ninety two of This was in the incorporation stage.
So, one out of All three deals involved transactions made via VCIF, which total The number is said to be about 300, with up to 50 of Being active.
The name of the founder of Startups.watch is Serkan Onsal venture Venture capital funds the hottest topic of 2022. “No of VCIFs have increased rapidly. at least one out of Three investment agreements made by VCIFs,” Onsal noted.
“Even if we exclude Getir, we can say we broke all the time record. we need new success stories in financial technology. Turkey has rhinos in fintech also Be a source of Inspiration for the rest of sector” added.
Institutions
the number of startup companies with Institutions in Turkey seems to be low due to the weight of the males in gaming comp.
According to Startups.watch data, 64 of the total 300 investment deals that included projects with it women among its founders.
Moreover, the ratio of Female entrepreneurs among emerging unicorn accounts for 50%. This ratio also shows that women institutions more successful between technology startup companies.
Meanwhile, Istanbul is ranked sixth among European cities when it comes to this total angel f venture capital deals in 2022, show the report. London sat first, followed by Paris, Berlin, Stockholm and Munich.
DC ranked second just after london in Both size and number of gaming Followed by Paris, Helsinki and Lisbon, the fifth in the worldthe report said.
‘Denial experience”
speaks in a panel on Sidelines of the event Announcing the reporting, Metin Salt, CEO of Vestel Ventures, said: rise of Successful startups more More important than the number of venture VC funds stressing their importance of Safe ecosystem.
This year is the subject of VCIF. No of The number of VCIFs is estimated to be around 300. Careful monitoring of the facility is essential of VCIFs. I’m afraid that a lot people who They are investors for the first The time will be negative experience. After all, if we want A deeper ecosystem to be formed, we must prevent bad experiences of occurrence in the first place, Salt said.
“The ecosystem cannot close in on itself. I think in Importance of networks. A self-closing ecosystem cannot function. we need to solve the issue of Overseas investment. You are want Overseas investment in the future in And great Exit agreements can be made, but it cannot be achieved without investment outside. We can’t be convincing if we just say that should investment in usHe don.
salt also Note that investments in Early stage initiatives will continue due to the tightening of Existing financial Sources. “However, we are need to think about how to find resources for growth initiatives stage.”
Emphasis on startups lucky When it comes to the impact on the investment and that they will be less affected by current Deflation, Salt cited as an example of WeWalk, a startup developing a “smart stick” for Visually Impaired people.
“There is a lot of money out there when it comes to influencing entrepreneurship. For example, the WeWalk initiative last received an investment of 9 million pounds ($11.12 million). its not hard for Impact initiatives to find resources from abroad. But we need to increase the number of Such initiatives,” said Salt.
“While making these investments, we took bit in Initiative at every stage from production to sale. However, we have learned from the reviews of overseas Investors that this is not very good Thing. Now we run the process differently.” added.
important shift
Muhammad Awzan also handles the event general manager of TT Ventures, said it has gone through a significant shift since 2018, the year They founded Türk Telekom venture Capital affiliated company.
“We have seen an important shift after 2018. We are no longer a company venture capital fund. We are changing companies venture capital for venture capital. We have now included other investors as well. exist also Institutions other than Türk Telekom as limited partners. We have become venture capital investment fund over the time. We have an investment committee with Independent members as well. we take decisions Unanimous here,” Ozan noted.
He said that they are no longer a fund that only invests in Seeds and early stages.
We keep making follow-up investments for Series A and beyond. In addition, we are investing in Turkish start-up companies abroad with the new fund that was created. We will also Evaluate the investment opportunity in Foreign startups abroad. our goal Here would be to invest in The Right Initiatives”, Weights added.
cooperation with financial technology
For his part, Işbank’s Director of Digital Banking Emre Ölçer said that they have legitimized on their journey with Concept of Open innovation.
On the journey, we started in 2016, we achieved happiness of Graduating 100 initiatives in 10 terms. Believe in work together with startup companies. We could display the products in Loan financing, such as Figopara. However, we wanted to use Advantages of Openness to cooperation while paving way for initiatives. This is amazing wayWe can focus on our own tasks more easily,” Olzer remarked.
“Since that day, we have decided to continue the journey we started at Kolektif House using Accompanying of Iş towers. We continue our investments through the Maxis Venture Capital Fund. In addition, we also investment in different boxes added.
Olzer said they founded the founder investment fund with Arya, through supporting women’s initiatives and non-governmental organizations such as the Entrepreneurship Foundation of Turkey for investment effect.
Thus, we have increased our investment made across the venture ecosystem,” it is added.
100
It also treats eventMinistry of Industry and Technology Department of Technological Entrepreneurship head Damla Turan explained on Utilities and support the government It will be provided within range of lately announced The Turcorn 100 program, aimed at startups in growth The theater.
Classic Habit you will see a bonus programs included in programs Prepared by government. There is no such preparation this time. This time we have designed Something similar to club structure by looking more advanced stages. Here, we present a network like one of The things we give the most importance to. We believe that every startup involved will benefit from this network relationship, Turan said.
The Turcorn 100 program aims to help Turkey get it new companies that have reached prestige of Unicorn – startups with evaluation of over $1 billion. Turcorn is how Turkish government He prefers describing unicorns emerging from the country.
The Turcorn 100 program 17 important stakeholders. Turkiye’s Turcorns are supporting initiatives as stakeholders of This is amazing program. We will support initiatives in Several issues, incl global acceleration programs. After all, we don’t expect every startup to get involved in the program to be a unicorn. What were we want he support All step that will allow for For more depth of ecosystem,” Turan noted.
intense efforts
Altan Kucukşener, head of Venture capital association of the Union of Chambers and commodity exchanges of Türkiye (TOBB) and Vice President Murat Onuk referred to the meetings and talks with regulatory authorities and ministries that aim to eliminate regulatory obstacles ahead venture Venture capital and entrepreneur funds.
“Continued-up Investments and investments in important advanced stages for startup companies. we need to find new investment tools for Early investors and find the seeds new investors who He will make an exit agreement. Venture capital investment funds are also a good tool at this point. So we want VCIFs work properly, if we want For investors coming from abroad, the legislation needs to be supportive and up-to-date joined investor needs good experience Küçükçınar said.
It is necessary to be new Resources created during the period when access To the limited capital is properly evaluated.
among the members of Assembly, there are officials from public institutions. You have to constantly evolve new systems. We are working on finding common points on Platform. the public It has a lot of Weight in Turkey. As an association, we are making efforts for harmonious work of Both sides,” Küçükçınar added.
onuk, for For his part, he emphasized efforts and actions with government institutions when it comes venture venture capital funds.
Officials of The Presidential Investment Office, the Finance Office, the Ministry of Industry and Technology, and the Ministry of Treasury and Finance are making sincere efforts. there fast-moving to treat. There are developments regarding pending legislation. If there were 80 topics we were discussing, we analyzed 40 topics of With them. We are now also make efforts for others. However, it is should Don’t forget that it is more It is important to create a flexible structure against new Situations that are constantly evolving. This is what we make our efforts for UNOC concluded.
Turkish emerging companies attracted a record of approximately 1.6 billion dollars (30.09 billion TL) in investments in 2022, according to industry data, though global Headwinds, including slowdowns in Funding that threatens prospects of environmental system.
About $1.59 billion has been invested in about 300 deals in Seeds, early and later venture DC phases last yearView the Startups.watch ecosystem watch annual report. The number goes up to a record even when fast Getir, the leading grocery delivery company, funded $768 million round Excluded, which represented a 26% increase to $825 million.
the last quarter of 2022 saw $93 million invested in 74 deals in Seeds, early and later venture Dc phases, highlighted by the report unveiled at event in Istanbul this week.
Reverse it further slow down as in All other major markets around worldwhich suffer from rising Interest rates, inflation rise and fall in evaluations that resulted in a decrease in investment deals.
Fourth in world in gaming
games and financial technology Industries are still able to get best year Start in terms of the value of The deals, according to the report that showed the fintech, software As a Service (SaaS), game, artificial intelligence, and market regions on higher in terms of the number of deals.
Excluding the Getir deal, about 54% of investments in Composed in 2022 of gaming and financial technology deals. the games attracted The data showed that about $362 million, while financial technology collected about $90 million. up of $265 million and $69 million, respectively, in 2021.
despite of fact this number of Deals are halved to 24 for a year In the past, it was gaming Industry still helps Turkey ranked fourth in the world just After the United States, Singapore and the United Kingdom and second in Europe in terms of a lock game deals.
Among other things, the data showed foreign investors joined one out of every five transactions last year. In addition, 116 out of 300 deals in 2021 had a company or company venture Capital (CVC) among investors.
CVC funds participated in 39% of package deals, also Marking an all-time high, according to the report, A rate that way more than double it of 2017 and compared to 32% and 33% in 2020 and 2021, respectively.
VCIF effect
Meanwhile, existence of venture Capital investment funds gained weight in 2022, when 103 of total The deals were at least one The report said that the Vertical Capital Fund (VCIF) is among the investors. Ninety two of This was in the incorporation stage.
So, one out of All three deals involved transactions made via VCIF, which total The number is said to be about 300, with up to 50 of Being active.
The name of the founder of Startups.watch is Serkan Onsal venture Venture capital funds the hottest topic of 2022. “No of VCIFs have increased rapidly. at least one out of Three investment agreements made by VCIFs,” Onsal noted.
“Even if we exclude Getir, we can say we broke all the time record. we need new success stories in financial technology. Turkey has rhinos in fintech also Be a source of Inspiration for the rest of sector” added.
Institutions
the number of startup companies with Institutions in Turkey seems to be low due to the weight of the males in gaming comp.
According to Startups.watch data, 64 of the total 300 investment deals that included projects with it women among its founders.
Moreover, the ratio of Female entrepreneurs among emerging unicorn accounts for 50%. This ratio also shows that women institutions more successful between technology startup companies.
Meanwhile, Istanbul is ranked sixth among European cities when it comes to this total angel f venture capital deals in 2022, show the report. London sat first, followed by Paris, Berlin, Stockholm and Munich.
DC ranked second just after london in Both size and number of gaming Followed by Paris, Helsinki and Lisbon, the fifth in the worldthe report said.
‘Denial experience”
speaks in a panel on Sidelines of the event Announcing the reporting, Metin Salt, CEO of Vestel Ventures, said: rise of Successful startups more More important than the number of venture VC funds stressing their importance of Safe ecosystem.
This year is the subject of VCIF. No of The number of VCIFs is estimated to be around 300. Careful monitoring of the facility is essential of VCIFs. I’m afraid that a lot people who They are investors for the first The time will be negative experience. After all, if we want A deeper ecosystem to be formed, we must prevent bad experiences of occurrence in the first place, Salt said.
“The ecosystem cannot close in on itself. I think in Importance of networks. A self-closing ecosystem cannot function. we need to solve the issue of Overseas investment. You are want Overseas investment in the future in And great Exit agreements can be made, but it cannot be achieved without investment outside. We can’t be convincing if we just say that should investment in usHe don.
salt also Note that investments in Early stage initiatives will continue due to the tightening of Existing financial Sources. “However, we are need to think about how to find resources for growth initiatives stage.”
Emphasis on startups lucky When it comes to the impact on the investment and that they will be less affected by current Deflation, Salt cited as an example of WeWalk, a startup developing a “smart stick” for Visually Impaired people.
“There is a lot of money out there when it comes to influencing entrepreneurship. For example, the WeWalk initiative last received an investment of 9 million pounds ($11.12 million). its not hard for Impact initiatives to find resources from abroad. But we need to increase the number of Such initiatives,” said Salt.
“While making these investments, we took bit in Initiative at every stage from production to sale. However, we have learned from the reviews of overseas Investors that this is not very good Thing. Now we run the process differently.” added.
important shift
Muhammad Awzan also handles the event general manager of TT Ventures, said it has gone through a significant shift since 2018, the year They founded Türk Telekom venture Capital affiliated company.
“We have seen an important shift after 2018. We are no longer a company venture capital fund. We are changing companies venture capital for venture capital. We have now included other investors as well. exist also Institutions other than Türk Telekom as limited partners. We have become venture capital investment fund over the time. We have an investment committee with Independent members as well. we take decisions Unanimous here,” Ozan noted.
He said that they are no longer a fund that only invests in Seeds and early stages.
We keep making follow-up investments for Series A and beyond. In addition, we are investing in Turkish start-up companies abroad with the new fund that was created. We will also Evaluate the investment opportunity in Foreign startups abroad. our goal Here would be to invest in The Right Initiatives”, Weights added.
cooperation with financial technology
For his part, Işbank’s Director of Digital Banking Emre Ölçer said that they have legitimized on their journey with Concept of Open innovation.
On the journey, we started in 2016, we achieved happiness of Graduating 100 initiatives in 10 terms. Believe in work together with startup companies. We could display the products in Loan financing, such as Figopara. However, we wanted to use Advantages of Openness to cooperation while paving way for initiatives. This is amazing wayWe can focus on our own tasks more easily,” Olzer remarked.
“Since that day, we have decided to continue the journey we started at Kolektif House using Accompanying of Iş towers. We continue our investments through the Maxis Venture Capital Fund. In addition, we also investment in different boxes added.
Olzer said they founded the founder investment fund with Arya, through supporting women’s initiatives and non-governmental organizations such as the Entrepreneurship Foundation of Turkey for investment effect.
Thus, we have increased our investment made across the venture ecosystem,” it is added.
100
It also treats eventMinistry of Industry and Technology Department of Technological Entrepreneurship head Damla Turan explained on Utilities and support the government It will be provided within range of lately announced The Turcorn 100 program, aimed at startups in growth The theater.
Classic Habit you will see a bonus programs included in programs Prepared by government. There is no such preparation this time. This time we have designed Something similar to club structure by looking more advanced stages. Here, we present a network like one of The things we give the most importance to. We believe that every startup involved will benefit from this network relationship, Turan said.
The Turcorn 100 program aims to help Turkey get it new companies that have reached prestige of Unicorn – startups with evaluation of over $1 billion. Turcorn is how Turkish government He prefers describing unicorns emerging from the country.
The Turcorn 100 program 17 important stakeholders. Turkiye’s Turcorns are supporting initiatives as stakeholders of This is amazing program. We will support initiatives in Several issues, incl global acceleration programs. After all, we don’t expect every startup to get involved in the program to be a unicorn. What were we want he support All step that will allow for For more depth of ecosystem,” Turan noted.
intense efforts
Altan Kucukşener, head of Venture capital association of the Union of Chambers and commodity exchanges of Türkiye (TOBB) and Vice President Murat Onuk referred to the meetings and talks with regulatory authorities and ministries that aim to eliminate regulatory obstacles ahead venture Venture capital and entrepreneur funds.
“Continued-up Investments and investments in important advanced stages for startup companies. we need to find new investment tools for Early investors and find the seeds new investors who He will make an exit agreement. Venture capital investment funds are also a good tool at this point. So we want VCIFs work properly, if we want For investors coming from abroad, the legislation needs to be supportive and up-to-date joined investor needs good experience Küçükçınar said.
It is necessary to be new Resources created during the period when access To the limited capital is properly evaluated.
among the members of Assembly, there are officials from public institutions. You have to constantly evolve new systems. We are working on finding common points on Platform. the public It has a lot of Weight in Turkey. As an association, we are making efforts for harmonious work of Both sides,” Küçükçınar added.
onuk, for For his part, he emphasized efforts and actions with government institutions when it comes venture venture capital funds.
Officials of The Presidential Investment Office, the Finance Office, the Ministry of Industry and Technology, and the Ministry of Treasury and Finance are making sincere efforts. there fast-moving to treat. There are developments regarding pending legislation. If there were 80 topics we were discussing, we analyzed 40 topics of With them. We are now also make efforts for others. However, it is should Don’t forget that it is more It is important to create a flexible structure against new Situations that are constantly evolving. This is what we make our efforts for UNOC concluded.