2022 Turkish Startup Ecosystem Investment Report

In 2021, a record-breaking investment of 1.6 billion dollars was made in the Turkish startups. In 2022, this record was renewed. 1.74 billion dollars was invested in 341 investment rounds. Although 65% of the investment amount came from 3 mega investments ($100M or more), 594 million dollars were invested in the remaining rounds.

In 2022, gaming, artificial intelligence & machine learning and finance initiatives were again the top sectors of the ecosystem. 30 startups in the gaming industry received a total of 437 million dollars. The investment focus in the gaming industry started to shift away from mobile hypercasual and towards blockchain-based games. 30 startups working in artificial intelligence & machine learning verticals received investment in 2022. It was followed by Finance with 27 startups and Healthcare with 25 startups. You can find detailed information about the sectors in the report.

Another outstanding situation in 2022 was that half of the 307 institutional investors who participated in the investments this year were foreigners. Institutional and individual investors are separated and analyzed separately in the report.

Highlights from the 2022 Turkey Startup Ecosystem Investment Report:

• Summary of National Technology Entrepreneurship Strategy published in 2022,

• The number of enterprises that received investment in 2022 from enterprises that received TÜBİTAK BIGG support,

• Legislative changes concerning Startup Law in 2022,

• The number of Startups, Scaleups and Unicorns that received investment in 2022, the amount of investment and the number of employees,

• Which countries and abroad cities are preferred by the enterprises that move their headquarters abroad,

• Ranking Istanbul and Turkey in Europe in 2022 with the investments they have received,

• Game and artificial intelligence & machine learning industry analysis,

• More information about investments in sectors such as food technologies, blockchain, human resources,

• Sectoral distribution of startups receiving investment for the first time,

• 2022 performances of active crowdfunding platforms,

• Domestic investors who invest the most in the ecosystem,

• and the universities from which the founding partners graduated

Updates:

• Changes were made to the ‘Investor List’.

• Typos were corrected in ‘Data and Methodology’.