Capital continues to pour into the Turkish startup ecosystem, as investors further warm up to the nation’s venture scene.
Turkish startups have raised a total of $150 million (TL 1.38 billion) through 69 investment deals in the third quarter of the year, according to data announced during the Turkish Startup Ecosystem Q3 2021 event, Daily Sabah reports.
This brought the total investment amount in the first nine months to $1.4 billion, raised through a total of 206 deals. Total deal volume skyrocketed by 1,770% year-on-year, while the number of deals was up 49%.
The course that started with the coronavirus pandemic has held ground in the first nine months of the year, as the number of investment deals marked an all-time high, with three months still left before the year-end.
The amount of investment per capita dropped to $1.80 in the July-August quarter, down 80% quarter-on-quarter.
One of each five investments poured into game startups from January through September. A total of 40 gaming deals were sealed in the first nine months.
All in all, the ecosystem has achieved its largest figures in both the number of deals and deal volume.
