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VC Investment in MENAPT Countries 2018-2023
In the competitive arena of venture capital and technological innovation, Turkey is stepping out of the shadows of its regional contemporaries.
Turkey ranked 3rd in MENAPT for cumulative VC investments raised in the six years between 2018 and 2023, just behind Israel and UAE, ranking 1st and 2nd respectively.
After a decade of cultivating talent, fostering innovation, and building investor confidence, the Turkish startup ecosystem achieved its highest enterprise value growing tenfold from US $4 billion in 2018 to a remarkable US $43 billion in 2022.
Of course, just as seen everywhere else on the planet, there have been market valuation corrections in 2023, as the VC winter continues to set in – but what Turkey has been able to achieve in a remarkably short period of time, is head-turning.
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The Growing Business of Foodtech
There are over 124 foodtech unicorns around the world worth over US $1.3 trillion. The Foodtech market itself surpassed US $260 billion last year alone. Alt-Proteins, 3D Printing Food, and AI integrated Restaurant SaaS: The future of food has arrived. In addition to looking at foodtech globally, in this special report we also look at the future of food technology scene in the MENA region, our special report delves deeper into the dynamics of Foodtech in MENA.
