The event, where Startups.watch sheds light on the Turkish Enterprise Ecosystem after each quarter, took place on July 19 at JustWork. At the event, all data belonging to the entrepreneurial ecosystem were evaluated.
Investments slowed down
In the first half of 2022, a total of 1 billion 393 million dollars was invested in 140 investment rounds, but when evaluated on a quarterly basis, 114 million dollars were invested in 79 investment rounds in the second quarter. The worst quarter in the last 5 quarters was the 2nd quarter of 2022.
In the first half of 2022, 124 investments were made at the seed stage. 17 of these were realized thanks to share-based crowdfunding platforms. There was no jump in the number of investments due to the fact that there are currently 3 active platforms and 2 of them have just started campaigns.
Fintech and gaming hottest topics
In the first half of 2022, 23 fintechs received investment. The fintech vertical, which has been active thanks to the recent regulations, is also among the verticals with the most startups. Although there was a slowdown in investment in the gaming industry in the second quarter, records were renewed in the first half year.
Togg gave the good news! The countdown has begun
Togg, in his social media post today, said that he will start trial production before mass production.
Foreign investors took part in one of every four investments in the first half year. The areas they looked at the most were gaming and fintech verticals. Institutions and corporate venture capital funds affiliated with institutions took part in 51 of 140 investments in the first half year. The appetite of institutions to establish funds, especially in the GDP format, has increased each year.
In the first half year, 36 of 140 investments were female entrepreneurs. This rate was the highest rate in the last 5 years. When the startups established in the first half are examined, only 15% of the startups were founded by women entrepreneurs.
The game industry is also a pioneer in Europe
In Turkey, 13 gaming startups received a total investment of 333 million dollars in the first half year. With this ratio, a record was broken by making investments even higher than the whole of the previous year. In terms of investments, Turkey ranked 1st above England, Norway, Finland and Sweden.
Peak was the best example of how the gaming industry grew by dividing, and how working in startups brought the entrepreneurial ecosystem to better places. 80 people who once worked at Peak later founded 65 startups. Of these, 28 were gaming attempts.
Turkey in the Super League
With the investments it received in the first half year, Turkey took part in the Super League in Europe above the Netherlands, Estonia and Austria. It also took part in the Super League in the Middle East and North Africa region, above the United Arab Emirates.
In the first half year, Istanbul became the 4th most invested city in Europe after London, Paris and Berlin. In terms of game investments, it ranked 1st in Europe and ranked above London, Oslo, Helsinki and Stockholm. In the first half of 2022, 29 acquisitions and secondary transactions were made, mainly Alictus, Airties, Volt Lines, Inofab Health, SEM, Paym.es, Package Taxi, PulpoAR, DUCKT and Park Palet.
In the last 5 years, 86 funds worth $1.3 billion have been established in Turkey. 75% of the funds that started to invest in startups in the last 1.5 years were established in the GDP/GNI format. It was noteworthy that most of the funds established were less than $ 20 million in size, and that there were only 2 funds (Revo Capital and Earlybird DEF) with a size of $ 100 million.