According to startups.watch’s Turkish Startup Ecosystem 2019 report, angel investing and venture capital funding for Turkish startups increased by 66 percent in 2019 to reach USD 102 million across 94 deals.
Based on this amount, Turkey’s rank among European countries has improved and the country has jumped up to the 1st League from the 2nd. Turkey also ranked 4th among European countries in the rate of women entrepreneurs with 16 percent.
The sectoral breakdown of investments reveals that the fintech industry attracted the highest amount of investment with 17 deals. The Getir deal and the Iyzico, Foriba, and Paraşüt exits were among the highlights of 2019 in the Turkish startup ecosystem.