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VC Investments in Startups Based in Turkey 2010-2023
Investment in Turkish startups averaged US $100 million annually between 2010 and 2020 – a very modest figure in the global startup landscape; but 2021 marked a seismic shift, when over US $3.5 billion was invested in Turkish startups, surpassing the total investment of the previous ten years, combined (in a single year)!
The recent surge in Turkey's startup ecosystem can be attributed to a potent combination of longstanding latent talent and a significant influx of new funding, both domestic and foreign, particularly from the US and Asia. This influx has catalyzed the emergence of 'renaissance entrepreneurs' — dynamic pioneers who are not only launching new ventures but are also reinvesting in the ecosystem as angel investors, mentors, or limited partners in venture capital funds. This development has fostered a self-sustaining ecosystem, increasingly drawing international attention and investment.
Read More: Turkey's Path to Unicorn-dom
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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.
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