Turkey’s 7 Unicorns: Biggest Names Until Q3 2024

The Turkish startup ecosystem has quickly become a regional powerhouse, with its first unicorn, Peak Games, emerging just four years ago in 2020. Since then, Turkey has seen rapid growth, producing a total of seven unicorns, with nearly 30% of them coming from the gaming sector. This is a unique trend compared to the global landscape, where the first unicorns are often fintech or e-commerce companies.

Turkey’s unicorn boom is the result of strategic investments and government initiatives that have nurtured innovation in recent years. From 2020 to 2023, Turkish tech startups attracted US $4 billion in investments, which helped accelerate the emergence of its unicorns.