Turkey's Finq Secures USD 241,000 Investment for Child Development

Finq, a local startup dedicated to child development, has secured an 8 million TL (~USD 214,000) investment from the MİLRES Venture Capital Investment Fund, managed by Letven Capital. This funding round values the company at approximately 54 million TL.

Previously, Finq raised 2.4 million TL from 329 investors through a crowdfunding campaign on Fonangels.com, with a valuation of 20 million TL. Following this investment, Finq expedited its R&D processes and readied its products for market launch.

Finq's flagship product is a modular driving kit designed to enhance children's analytical thinking, coordination, and motor skills. Comprising aluminum profiles, plastic joints, and bolts, the kit allows for the construction of scooters, skateboards, bicycles, and various other designs. Targeted at children aged 2-12, Finq aims to foster creativity and imagination while providing an alternative to technological addiction. The product also encourages quality time between children and their parents.

Source: Godze Ulukan / Webrazzi