Early Stage VC Investments in Turkey's Startups (2018-2023)
Published date : 20 February 2024

Early Stage VC Investments in Turkey's Startups (2018-2023)

Early-stage funding in Turkey reached an all-time-high in 2023 totaling US $255 million.

This growth trajectory is further supported by significant infrastructural developments: as reported by the Republic of Türkiye Investment Office, there has been a nearly fivefold increase in accelerator programs, a sevenfold rise in incubation centers, and a thirteenfold expansion in co-working spaces from 2010 to 2017, illustrating a robust and rapidly maturing ecosystem conducive to startup innovation, entrepreneurship, and digital nomad lifestyles.

Turkey's startup ecosystem stands at a pivotal juncture, not just as a regional leader but as an emerging global hub of innovation and entrepreneurship, setting the stage for a future rich with potential and groundbreaking achievements.

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