Double the entrepreneurial ecosystem share in Turkey national income though challenges Led by the coronavirus pandemic in 2021, a year also marked by growing interest in Startups in the seed stage, according to a report by Turkey Arm of Auditing and consulting giant KPMG.
Turkey begins-up Investments Report, “Prepared in cooperation with based in Istanbul venture Capital Company 212, highlighted main Trends and Opportunities and challenges faced by entrepreneurs around the world and in Turkey in 2021.
Enables the entrepreneurship ecosystem to strengthen share and arithmetic for About six per thousand of Turkey’s GDP 2021, double the figure of 2020.
the number of investment deals in The number of startups in the founding stage has increased to 229 last year and up from 135 in 2020, the report said. Transaction size at this stage hit $91 million in An increase of about $67 million in Previous year.
double increase
Citing data collected from ecosystem watchdog, Startups.watch, the report emphasized continued interest in digital Platforms, a trend that has flourished since the outbreak of The pandemic, especially the pioneer technology section.
Witnessed startup ecosystem highest investment activities in it’s a history Both on a global scale and in The report said that Turkey.
capital of About 643 billion dollars have been poured into startups on a global level in The data showed that 2021, its highest level ever, nearly doubles $335 billion in 2020.
peaks of cloud computing list
The game industry accounted for for The highest number of transactions, 51, in Finance 2021 yearfollowed by software as a service with 28 and the financial technology sector with 23, the data showed.
Providers of e-commerce, delivery and logistics services, gaming And the software As a service, respectively, the sectors that attracted Most investment in terms of Transaction size.
the number of Increased acquisitions from 27 in 2020 to 45 in 2021 while, likewise, the size of the acquisition also An increase compared to the previous year data showed.
Turkish game The industry continued to grow and became one of The most important sectors for investors. Among the top 10 transactions, three were made in The game sector and four made in Delivery and logistics.
The growing number of Coefficients and volume are an important indicator of how Turkish venture The ecosystem is growing on Healthy path can check more success in Next years.
1.4 billion dollars investment
Gökhan Kaçmaz, Consulting Partner of KPMG Turkey M&A, stated that the activities in Turkish venture environmental system developed at record levels in 2021.
“With total investment of 1.4 billion dollars made by venture Venture capitalists and angel investors in 252 startups, we’ve seen an unprecedented level of The investment activity amounted to approximately 10 times the size of 143 million dollars in 2020, Kaçmaz said.
“In the same period, volume of Acquisitions related to startups have been achieved at the level of $2.4 billion.”
229 initial investment deals
detail on Investments, Özge Ilhan, M&A Consulting director At KPMG, he said that 2021 marked very important milestones in Turkish startup ecosystem.
Ilhan cited developments such as e-commerce giant Trendyol’s shift to Turkey first Decacorn, a term for Startups that pass $10 billion mark, in August last year.
she also He pointed to the list on Nasdaq and the billion-dollar evaluation of another summit player in Turkey fast- Growth of the e-commerce sector, Hepsiburada, and on-demand Express delivery pioneer Getir has raised nearly $1 billion through multiple investments rounds And Dream Games became the country last Rhino of 2021.
“it’s a worth pointing out that one of The main Reasons for Momentum achieved in 2021 is result of The fact That Turkish startups, seeds of Which began to develop many years ago, has reached a certain maturity and opened up To the world, Ilhan said.
At the same time, the year was 2021 also a record interval in terms of Initial investments, she indicated.
“According to the data we received from Startups.watch, a total of 229 initial investments made made. look at me total number of investment roundswe see that the initial investment has a ratio of more of 85%. “
“We can say that this factor plays a very important role role in Bringing the Turkish startup ecosystem to this day has reinforced our positive expectations for The future Ilhan said.
Successes to keep up the trend
For his part, 212 co-founder, Ali Krabi also Emphasize the positive developments in The Turkish startup ecosystem and the boom in seed investments.
Investments received by startups increased tenfold compared to the previous time year. While there was no rhino in Turkey until 2020, their number has reached six as of Today,” Karabe noted.
“One of Attention-grabbing issues in This report is the increase in the number of seed investments. In 2021, the founding investment amounted to 220, and this figure represents the accounts for 85% of The total number of investments” added.
“We see that startups that received seed investments have a high performance chance of creating success Stories through growth fast with The support of funds. we think that success of Turkish startups will continue to grow in Next period “.
Double the entrepreneurial ecosystem share in Turkey national income though challenges Led by the coronavirus pandemic in 2021, a year also marked by growing interest in Startups in the seed stage, according to a report by Turkey Arm of Auditing and consulting giant KPMG.
Turkey begins-up Investments Report, “Prepared in cooperation with based in Istanbul venture Capital Company 212, highlighted main Trends and Opportunities and challenges faced by entrepreneurs around the world and in Turkey in 2021.
Enables the entrepreneurship ecosystem to strengthen share and arithmetic for About six per thousand of Turkey’s GDP 2021, double the figure of 2020.
the number of investment deals in The number of startups in the founding stage has increased to 229 last year and up from 135 in 2020, the report said. Transaction size at this stage hit $91 million in An increase of about $67 million in Previous year.
double increase
Citing data collected from ecosystem watchdog, Startups.watch, the report emphasized continued interest in digital Platforms, a trend that has flourished since the outbreak of The pandemic, especially the pioneer technology section.
Witnessed startup ecosystem highest investment activities in it’s a history Both on a global scale and in The report said that Turkey.
capital of About 643 billion dollars have been poured into startups on a global level in The data showed that 2021, its highest level ever, nearly doubles $335 billion in 2020.
peaks of cloud computing list
The game industry accounted for for The highest number of transactions, 51, in Finance 2021 yearfollowed by software as a service with 28 and the financial technology sector with 23, the data showed.
Providers of e-commerce, delivery and logistics services, gaming And the software As a service, respectively, the sectors that attracted Most investment in terms of Transaction size.
the number of Increased acquisitions from 27 in 2020 to 45 in 2021 while, likewise, the size of the acquisition also An increase compared to the previous year data showed.
Turkish game The industry continued to grow and became one of The most important sectors for investors. Among the top 10 transactions, three were made in The game sector and four made in Delivery and logistics.
The growing number of Coefficients and volume are an important indicator of how Turkish venture The ecosystem is growing on Healthy path can check more success in Next years.
1.4 billion dollars investment
Gökhan Kaçmaz, Consulting Partner of KPMG Turkey M&A, stated that the activities in Turkish venture environmental system developed at record levels in 2021.
“With total investment of 1.4 billion dollars made by venture Venture capitalists and angel investors in 252 startups, we’ve seen an unprecedented level of The investment activity amounted to approximately 10 times the size of 143 million dollars in 2020, Kaçmaz said.
“In the same period, volume of Acquisitions related to startups have been achieved at the level of $2.4 billion.”
229 initial investment deals
detail on Investments, Özge Ilhan, M&A Consulting director At KPMG, he said that 2021 marked very important milestones in Turkish startup ecosystem.
Ilhan cited developments such as e-commerce giant Trendyol’s shift to Turkey first Decacorn, a term for Startups that pass $10 billion mark, in August last year.
she also He pointed to the list on Nasdaq and the billion-dollar evaluation of another summit player in Turkey fast- Growth of the e-commerce sector, Hepsiburada, and on-demand Express delivery pioneer Getir has raised nearly $1 billion through multiple investments rounds And Dream Games became the country last Rhino of 2021.
“it’s a worth pointing out that one of The main Reasons for Momentum achieved in 2021 is result of The fact That Turkish startups, seeds of Which began to develop many years ago, has reached a certain maturity and opened up To the world, Ilhan said.
At the same time, the year was 2021 also a record interval in terms of Initial investments, she indicated.
“According to the data we received from Startups.watch, a total of 229 initial investments made made. look at me total number of investment roundswe see that the initial investment has a ratio of more of 85%. “
“We can say that this factor plays a very important role role in Bringing the Turkish startup ecosystem to this day has reinforced our positive expectations for The future Ilhan said.
Successes to keep up the trend
For his part, 212 co-founder, Ali Krabi also Emphasize the positive developments in The Turkish startup ecosystem and the boom in seed investments.
Investments received by startups increased tenfold compared to the previous time year. While there was no rhino in Turkey until 2020, their number has reached six as of Today,” Karabe noted.
“One of Attention-grabbing issues in This report is the increase in the number of seed investments. In 2021, the founding investment amounted to 220, and this figure represents the accounts for 85% of The total number of investments” added.
“We see that startups that received seed investments have a high performance chance of creating success Stories through growth fast with The support of funds. we think that success of Turkish startups will continue to grow in Next period “.