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
Initiated by
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