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“Turkish start-ups” received an investment of approximately $1.3 billion in the first quarter of the year

“Turkish start-ups” approached the amount of investment of $1.5 billion in 2021, with an investment of approximately $1.3 billion in the first quarter of the year. In the January-March period, the total investment amount received by 8 gaming startups was $330 million.

According to the information compiled from the “2022 First Quarter Turkey Startup Exosystem Investment Report” of Startup Centrum, the total amount of investments made in “Turkish start-ups” in the first quarter of this year was $1.28 billion.

While 61 investments were made in the January-March period, the amount of investment per enterprise amounted to $25.5 million. Among the 61 startups that received investment, Insider, whose valuation exceeded $1 billion with the investment it received last year, and Getir and Dream Games, one of the “unicorns” of Turkey, took place.

Gaming startups, which attracted attention with the investments they received last year, also came to the fore in the first quarter of this year. During the said period, 8 gaming startups received a total investment of $330 million. In addition, an increase was observed in the amount of investment per venture in the gaming industry.

The sector that received the most investment after the gaming sector was determined as finance with 8 startups. Although the number of enterprises that received investment in this field was high, the total amount of investment remained at the level of $15 million.

While the number of startups that received investment in the field of artificial intelligence was 6, the amount of investment they attracted was recorded as $122 million.

NEARLY THE ENTIRE AMOUNT OF INVESTMENT GOES TO VENTURES IN ISTANBUL

When the distribution of investment-receiving start-ups by provinces is analyzed, 50 startups from Istanbul, 7 from Ankara, 2 from Izmir, and 1 each from Adana and Manisa received investment in the first 3 months of the year. Almost all of the investment amount was obtained by companies headquartered in Istanbul with $1.27 billion.

During this period, 36 of the 231 investors who invested in start-ups were foreigners. 17 investors from the USA and 7 from the UK invested in Turkish start-ups.

The fact that Turkish enterprises, which received a total investment of $1.56 billion last year, achieved this amount in the first 3 months of the year, increased the expectations for 2022 in general.

Source: Sabah / Translated by Irem Yildiz

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