Inside Turkey's Unicorn Boom: What’s Driving its Startup Success?
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The Turkish startup ecosystem has emerged as a powerhouse characterized by explosive growth surpassing many of its regional counterparts in recent years. Turkey’s first private company to be valued at over US $1 billion and attain unicorn status emerged just 4 years ago in 2020, meaning the era is still young, yet it has already produced several unicorns.
The Turkish unicorn story is both unique and instructive. In contrast to the global trend where the first unicorns are usually fintech or e-commerce players, Turkey’s unicorn saga began with gaming company, Peak Games, indicating not a random deviation from the norm, but rather underscoring the country's sophisticated appetite for gaming.
"Turkish software designers are on a world standard. The presence of highly skilled programmers and designe
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