Startup investments slow in Q2


Investments in startups slowed in the second quarter of 2022 (Q2) in Turkey. USD 114m was invested in startups in 79 funding rounds in Q2, according to the startup ecosystem intelligence platform This figure is the lowest funding performance in the last five quarters. This figure was USD 205m in Q2 2021 when USD 555m investment received by the fast grocery delivery service Getir is excluded. There were only two deals above USD 10m in Q2 2022. USD 1.39bn was invested in startups at 140 funding rounds in the first half of 2022 (H1). USD 601m and USD 625m were invested in the ecosystem in H1 2021 and H1 2022, respectively, when Getir’s mega investments are excluded. USD 1.25bn, or 90% of the total amount in H1 2022, was invested in six startups. Grocery delivery, gaming, AI (Artificial Intelligence), SaaS (Software as a Service), and marketing technology were the hot topics of H1 2022 in terms of investment size. Fintech, SaaS, AI, gaming, and e-commerce came to the fore in terms of the number of investments. Turkey topped in terms of investments among countries such as the UK, Norway, Finland, and Sweden. It kept its seat at the Super League (investments of over USD 1bn) in Europe above countries such as the Netherlands, Estonia, and Austria.

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