%2Fuploads%2Farticles%2F2024%2F0219_turkey_startups%2FInfobyte7.jpg&w=3840&q=75)
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
Related Report
%2Fuploads%2Ffoodtech-2%2Fcover%2520(1).jpg&w=3840&q=75)
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.
Related Videos & Podcasts
What's Driving Turkey's Unicorn Boom?
By Staff Writer • January 29, 2025Turkey's Path to Unicorn-dom: A Journey through its Thriving Startup Ecosystem
By Lucidity Insights Research Team • March 19, 2024The Top 5 Most Funded Foodtech Startups in MENA
By Lucidity Insights Research Team • September 23, 20237 Ways Generative AI can be Used in Foodtech
By Lucidity Insights Research Team • September 21, 2023Foodtech's average funding round sizes continue to rise across all stages
By Lucidity Insights Research Team • September 18, 2023Meet the Region’s Most Prominent Foodtech-meets-Fintech Player
By Lucidity Insights Research Team • September 15, 2023VC investments in Restaurant SaaS have skyrocketed in the last decade
By Lucidity Insights Research Team • September 14, 2023Israel and UAE dominate MENA Foodtech, securing 80% of startup funding
By Lucidity Insights Research Team • September 13, 2023MENA Foodtech Scaleups have raised more than $2.9B in the last 3 years
By Lucidity Insights Research Team • September 10, 2023Which foodtech sectors are attracting investors in MENA?
By Lucidity Insights Research Team • September 09, 2023
%2Fuploads%2Fvideos%2Ftur-funding%2FTurkey%2520vid02_Unicorn%2520Boom.jpg&w=3840&q=75)
%2Fuploads%2Farticles%2F2024%2F0219_turkey_startups%2Fthumb.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid11_Foodtech.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid12_Foodtech.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid10_Foodtech2.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvic15Foodtech.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid14_Foodtech.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid08_Foodtech.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid07_Foodtech.jpg&w=3840&q=75)
%2Fuploads%2Ffoodtech-2%2Fvideos%2Fvid09_Foodtech.jpg&w=3840&q=75)
Did you check these out?
HockeyStack Raises $20 Million to Enhance B2B Sales and Marketing Analytics
By Staff Writer • January 30, 2025The Top 5 Most Funded Startups in Turkey (H1 2024)
By Lucidity Insights Research Team • September 24, 2024Turkey-Based Ultegra Secures Investment in Just 4 Minutes
By Staff Writer • August 08, 2024Chai Kings Bags $3M Investment from AVT, Plans Expansion
By Staff Writer • March 17, 2025Emirati-Owned ROR Coffee Solutions Secures a Landmark USD 8.2M Fund for Growth
By Staff Writer • March 14, 2025Swish Raises $14M to Expand Rapid Food Delivery
By Staff Writer • March 07, 2025Bahrain's Lola Secures $1.3M in Pre-Seed to Revolutionize Custom Cake Ordering
By Staff Writer • February 25, 2025Mealawe Raises $1M to Scale Women-Led Kitchens & Corporate Cafeterias
By Staff Writer • February 07, 2025Rafinera Cloud Kitchen Raises $2.7 Million to Expand Nationwide
By Staff Writer • January 06, 2025Truk Rwanda & Couvoir Amar Secure $1.55M N3F Funding for Nutrition Impact
By Staff Writer • December 21, 2024
%2Fuploads%2Fpr%2520articles%2F2025%2F01%2F30_3hockeystack.jpg&w=3840&q=75)
%2Fuploads%2Fnewsletter%2F2024%2F0925_1.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2024%2F08%2F08_1ultegra.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F03%2F17_4chaikings.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F03%2F14_2rorcoffee.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F03%2F07_5swish.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F25_1lola.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F02%2F07_7mealawe.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2025%2F01%2F06_3rafinera.jpg&w=3840&q=75)
%2Fuploads%2Fpr%2520articles%2F2024%2F12%2F20_2trukrwandacouvoiramar.jpg&w=3840&q=75)
