The data for the first quarter of 2019 Turkey’s Ecosystem Initiative was announced in startups.watch event we attended. Let us tell you how the tables meet in this quarter, according to the data we receive.
In the first quarter of 2019, a total of $ 19.6 million was invested in 13 enterprises. When we look at the number of investments made in the first quarter of each year according to the years in Table 1 below; In 2016, there were 36 investments, 30 investments in 2017 and 21 investments in 2018.
Although we save $ 19.6 million as a total amount, we can say that we had a bad quarter in terms of investment.
When we look at the number and amount of investments made on a monthly basis in Table 2, we see that we made a rapid introduction to the year in January 2019. However, the $ 16.6 million investment in this figure does not mean that the number of investments is high. At this point, we can see that some initiatives have invested a large amount of money and saved that quarter. Modanisa’s investment in Goldman Sachs and Wamda Capital had a huge impact on this quarter.
5 verticals, most funded in the first quarter:
- Hijab Clothing (Modanisa effect)
- Artificial intelligence
- Retail Technologies
Start-up investment in the first quarter of 2019:
Batron Arge, Inooster, Kartoon3D, MentalUP, Metamorphosis, Modanisa, Octovan, OmmaSign, Payfull, Shopi, Tarentum, ThriftyMother, Viravira.
1st Quarter 2019 in Turkey ranks 16th in Europe.
Investments that are located abroad and whose founders are Turkish:
BillionToOne, BioNTech, Deplike, FineDine, Glocalzone, NarrativeDx, NormShield, Trawell Data, Wordego.