“Turkish Startups Ecosystem 2022 Q1" report by Startups.watch found that USD 1,273 million, an all-time quarterly record, were invested into Turkish startups in 49 deals in the first quarter.
Excluding the investment into decacorn Getir, the total investment value still soars to USD 505 million, earning Turkey its best quarter yet of all time. With this achievement under its belt, Türkiye joined the same league as England, France and Germany for the first time on a quarterly basis.
The verticals that attracted the most attention in terms of the number of investments were SaaS, Fintech, Gaming, Artificial Intelligence and Marketplace. Gaming startups also broke a record with USD 326 million in 7 deals.
With decacorn Getir, the unicorn Dream Games and the new unicorn Insider accounting for 90 percent of the total alone with USD 1,144 million, the acquisition of 80 percent of Alictus for USD 100 million was the largest acquisition in Q1 2022.
Nearly 1 in every 3 investments had a foreign investor with women entrepreneurs making up 35 percent of the investments.