Venture capital investment funds (VCIF) have proven to be pioneers of the first-quarter investments in Startup ecosystem in Turkey, data revealed by the industry observer showed.
come across as investors world scaling back Fund them throughout the period from January to March of 2023 in the face of bleak economic outlook.
VCIFs participated in one out of every two investments in Turkish emerging companies in the first period of three months of This yearstartups.watch data is shown. half of 243 VCIFs have been generated to date in the last 1.5 years, result in Investment diversification in startup ecosystem.
worldwide decline
worldwide venture Venture capital firms (VC) and startups have been plagued rising interest rates and the continuing economic downturn marked by falling valuations and thousands of Layoffs.
new wave of Anxiety appeared after the sudden collapse last Month of Silicon Valley Bank, one of leading sources of capital for startup and venture companies.
The data showed that File global deflation in investment climate around the world also spread to Türkiye.
Startups.watch Founder Serkan Onsal said that compared to first quarter of 2022, investments in United Kingdom by one-third, in Germany half And in France one-third.
“There is no summit league any more. Turkiye fell to second leagueranking below Greece and Estonia.
investments in Türkiye decreased to 56 million dollars with 55 investment deals in the first quarter,” he said. It represents 89%. decline For $502 million that was pumped through 66 investment deals in same period of 2022, except fast Getir’s grocery delivery pioneer deal.
Games investments
in terms of the number of Deals, startups share in gaming, SaaS, IoT, fintech and energy out To be drivers in the first quarter of 2023. a total of $9 million invested through eight investments rounds in The period from January to March.
Türkiye ranked 13th in terms of gaming investments compared to others countries. In the first quarternine of 55 investments had founders, which indicates limited numbers of Women-led startups.
Twelve startups received total of 3.5 million dollars in Investments through equity crowdfunding platforms. The authorities gave the go-ahead for the institution of 14 equity crowdfunding platforms so far, with Seven currently active.
Startups.watch data showed that, on average, projects went up of 290 thousand dollars in Investments through equity crowdfunding platforms in the first quarter.
Increased appetite for acquisition
the value of money in startup ecosystem also triggered Mergers and acquisitions.
There were three notable ones features of collectibles in the first Three months. First, Turkish startups acquired other Turkish startups. Secondly, Turkish startups have acquired startups abroad. Third, I started a startup public in Türkiye.
It resulted in financial diversity in The startup ecosystem and provided alternative avenues for investors.
Simya’s first investment
Simya VC, Sun international Accelerator Fund Focus on Start-up companies are in their early stages made that it first investment in based on artificial intelligence content Evercopy production platform.
With this investment, Evercopy plans to expand it team and grow in the global market.
Simya VC was launched by 212, one of pioneers of the startup ecosystem, in cooperation with Neo Portföy and Alchemist Accelerator, one of The world’s top accelerator programs.
Evercopy, which produces custom creatives content In a matter of seconds through the artificial intelligence infrastructure, you will use This investment for support that it global market growthexpand team And increase marketing and sales activities.
“The artificial intelligence will be able to create a character entirely content for everyone in near future. This means a completely different Internet and interaction experience for all of usSaid Deniz Ozgur, co-founder of Evercopy.
With Evercopy, we offer a solution that will improve… content creation and consumption process. We aim to be first The brand that comes to mind in field of Creative based on artificial intelligence content production within a yearÖzgür added.
On their part, Selma Bahcevanoglu, Managing Partner of Simya VC, said that the company is focusing on creative technology and early-stage startups with B2B business models.
“After we established our fund, we quickly started investing. We made our first investment in evercopy with the aim of investment in the technology of the future. We’re very excited about Evercopy’s companionship global The trip as an early venture, Bahcevanoglu noted.
Experienced guide network
Rachel Chalmers, President of Alchemist, he said as an early stage B2B accelerator programthey support start unlock up to international markets.
With our expert guide networkStartups find the opportunity work one on one with leaders who happened experience in international markets. we will also Provide guidance to Evercopy at all stages it needs in that it growth practical in the global marketChalmers added.
emission premium
Meanwhile, the emission premium is used as capital for technology startup companies also it was loud on Investors agenda.
“everyone should Contribute to earthquake relief efforts without exception. However, it has been evaluated on Same size as investment emission premium for Keenan Colban said, one of Boğaziçi Ventures Investing Partners.
“I think this is a correction decision should He is made to process issue Entrepreneurs and investors noticed him. We believe these details of the issue It was overlooked. the news also And supports our opinion.
Pilot XI launches term application process
while, one of Turkish leading technology and telecom companies, Türk Telekom’s venture Capital arm TT Ventures announced the start of Application process for a new term of Startup acceleration program.
Startups identified for eleventh term of Pilot will be eligible to receive an investment of $50,000 and 100,000 TL ($5,160) cash support From TT Ventures.
projects will also You have the opportunity to cooperate with Türk Telekom receives investment from TT Ventures. In addition, at the end of the programthey will have chance to join United State program.
Applications are accepted through website www.turktelekomventures.com.tr.
Innovative ideas
Muhammad Ozan general manager of TT Ventures said one of they main The goals are to be a bridge that opens startups to world.
“our goal from today one The ecosystem of startups and contributing companies has been strengthened growth through cooperation with startup companies. Since 2013, we have been supporting at an early stage technology startup companies with pilot with the aim of creating “Unicorns” that will showcase Türkiye’s successes in the international Ozan said.
With continued investments in startup companies with He said they are TT Ventures also invest in Advanced-stage startups, including PILOT alumni, through the TT Ventures Venture Capital Investment Fund.
On the other hand, we are preparing our Entrepreneurship Center, which will be used as a workspace in the Ataturk Cultural Center, of in which we are main supporter while also to provide office space for startup companies in our building in Eminönü,” Ozan pointed out.
“We are waiting impatiently for Business people to advance for Our 11th term of the pilot program this year. “
Business contacts
in the end of the new pilot termStartups supported by TT Ventures will have the opportunity to participate in United State programwhich will also empower them global growth.
sharing teams They will have the opportunity to meet with Broad stakeholder TT Ventures investors and receive one-on-one support Coaching by many mentors and industry experts.
teams can also to benefit from various supportsuch as investing and cash support From TT Ventures, Collaboration Opportunities with Turk Telekom, office space, and technology infrastructure, mobile communication package and promotional support. In addition, businessmen will also when chance to access Turk Telekom’s business links.
supports for children education
Meanwhile, weights also He stated that PILOT alumni, including Kidolog, prof parent Consulting company in It is TT Ventures also Investor, you carry out compatible activities with Turk Telekom’s mission to produce technology for the good And benefit of humanity.
He made particular mention of the relief efforts in interrupts in Southeast Türkiye region hit by catastrophic earthquakes in early February.
Kidolog, graduate pilot who earned support From TT Ventures, progress support in Tent cities and container cities in earthquake zones. Kidolog is also Conduct several empowerment activities children To learn through methods in a truck Which is owned by Türk Telekom set up in Earthquake zone to host multiplayer social Ozan said.
