Turkish startups get investment of $525M in Q1

Turkish startups expected to attract total investment made in last decade in next 2 years, says head of StartupMarket

Shining out as a new investment option, Turkish startups received $525 million in the first quarter of this year, according to a digital startup ecosystem on Friday.

The figure rose significantly compared to the previous years, of which the highest share was received by Turkish on-demand delivery pioneer Getir, mobile gaming company DreamGames and internet television platform BluTV, said Serkan Bagce, the CEO of Turkey-based StartupMarket.

Touting two Turkish unicorn startups, which means their value rose over $1 billion, Bagce said: “We will reach the total investment made in the last decade in the next two years.”


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