July 25, 2022
According to a recent analysis by Firms.watch, 140 agreements totaling $1.39 billion in seed, early, and later venture capital (VC) stages were made in Turkish startups in the first half of 2022.
Gaming was once again the vertical with the most startups this year, the survey revealed, despite fewer gaming businesses being established than in previous years.
According to the research, Turkey not only surpassed its own record for gaming agreements, but also overtook the Netherlands, Estonia, and Austria to claim the title of nation with the most gaming agreements in Europe during the first half of 2022.
Istanbul placed fourth among European cities in the first half of the super league, while Turkey was positioned slightly above the UAE in the MENA region.
According to the report, 65 funds totaling $866 million had been established throughout the nation since the COVID-19 outbreak began.
The six businesses Getir ($768 million), Dream Games ($255 million), Insider ($121 million), Spyke ($50 million), Param Group (not stated), and Rubibrands ($23 million) received a total of almost $1.25 billion, or 90% of the total investment.
The amount invested in the first half of this year broke a record on a half-year basis. Even when the Getir deal was excluded,” according to the report.
One in four acquisitions in the first half of 2022 included foreign investors, while 51 out of 140 investments included companies or CVCs as investors.
According to the report, 36 out of 140 investments had female founders, which is the greatest rate in recent years, reaching 26 percent.
In the first half of 2022, 13 gaming deals totaling $333 million were completed, with Dream Games and Spyke Games accounting for 92 percent of all gaming deals this year.
Source: Hürriyet Daily News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
