2024's first quarter has once again proven the resilience and dynamism of Turkey's startup ecosystem. During this initial period, the ecosystem witnessed a total of 72 investment transactions amounting to $133.6 million. Although not reaching the billion-dollar investment volumes seen in 2023, the trend of increased activity in mid-scale investments was notable. While there was a slowdown in later-stage investments, interest in seed and early-stage ventures remained steady.

Seed-stage investments, despite a decrease in amount compared to previous quarters, maintained a robust trajectory in number. The 1-10 million dollar investment range, with 19 transactions, underscored the vitality of the sector and the confidence in ventures within this segment. The reduction in later-stage investments reflects the variable dynamics of the market and the opportunity-focused tendencies of investors.

2024 - Q1 Turkish Startup Ecosystem Funding Report

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