Introduction

Türkiye’s tech ecosystem has experienced one of the fastest growth among EMEA countries, increasing in value by 10x in five years. Türkiye now stands out as one of the top ecosystems in MENA for VC investment raised and value created, with Istanbul and the Marmara region serving as its primary hubs. Successes Getir and Trendyol raised more than $1B in VC investment over their lifetime.

Explore real-time data on the Türkiye tech ecosystem

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Venture Capital

In 2021, venture capital investment in Turkish startups experienced a significant surge, growing more than 8x since 2020. 2024 indicates a levelling out of VC investment with a slight increase since 2023.

By stage

Below we break venture capital into three distinct stages:

• Startup stage ($0-15M rounds)
• Breakout stage ($15-100M rounds)
• Scaleup stage ($100M+ rounds).

This provides more consistent and timeless segmentation of the startup & venture capital landscape (more so than self-reported round labelling, which are applied inconsistently, especially between business cycles).

Early stage Access early-stage funding rounds into Türkiye startups here on the platform. Breakout stage Access breakout-stage funding rounds into Türkiye startups here on the platform. Scaleup stage Access scaleup-stage funding rounds into Türkiye startups here on the platform.

By industry

Explore Turkish startups VC investment by industry following the link here. Industry investment allocation comparison Compared to MENA average, Türkiye over indexes in Foodtech, Homeliving and Fashion , as Trendyol and Getir concentrate a significant share of Turkiye's VC investment in the last five years.  

Investors

The following showcases the top investor into the Turkish startup ecosystem based on the number of investments in the last five years , with the number one investor indexed to 100. The top three investors are crowdfunding platform Fonbulucu, followed by US VC Keiretsu Forum and Turkish VC Alesta Investment. Explore the data for the most active investors here on the platform.

Positioning

In MENA

  Türkiye ranks 2nd in MENA for total VC investment raised in 2024.

Related Content

Reports:Türkiye ecosystem report 2023 Reports: Browse all MENA focused reports on Dealroom Dealroom Data: Explore all Turkish funded companies Dealroom Data: Explore all funding rounds in Turkish startups