Home News Turkish Startups Received USD 508 Million Investment in Q1

Turkish Startups Received USD 508 Million Investment in Q1


In the first quarter of 2021, 61 startups raised USD 508 million from angel investors and venture capital funds, setting a record for the Turkish startup ecosystem.

According to Startup.Watch’s “Turkish Startup Ecosystem Quarterly Report-Q1 2021″, Getir became the second unicorn in Turkey with a valuation of USD 2.6 billion. Led by Dream Games, which received the highest investment after Getir, the activity in the gaming industry continued in 2021 with 15 gaming startups receiving USD 60 million investment in the first quarter.

Turkey ranked 10th in Europe and 2nd in the Middle East and North Africa angel and venture capital investment leagues. ​​

Source: Republic of Turkey Investment Office
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