Year In Review 2022 — Turkish Startup Ecosystem

On January 17th, we shared all the statistics for 2022 at our live event. Here are the highlights:

• In 2022, 1 billion 593 million dollars were invested across 300 deals in seed, early and later vc stages.
• An all-time record ($825M) was broken when Getir deals were excluded. (26% YoY increase)
• In Q4–2022, 93 million dollars were invested across 74 deals in seed, early and later vc stages.
• The top 3 investments amounted to 1 billion 144 million dollars.
• Excluding Getir deal, 54% of the investments consisted of gaming and fintech deals.
• Gaming and fintech verticals broke all-time records in their respective verticals in terms of investment amounts.
• In terms of deal count; fintech, SaaS, gaming, AI and marketplace were hot topics of 2022.
• In 2022, foreign investors participated in approximately 1 out of every 5 transactions.
• In 2022, 116 out of 300 investments had a company or a CVC among the investors.
• In 2022, 103 out of 300 investments had at least one VCIF (GSYF) among the investors. 92 of these were at the seed stage.
• Thanks to the amendment of the communiqué 2 years ago, a record number of GSYF were established in 2022.
• In 2022, 64 out of 300 investments had female founders.
• Istanbul ranked 6th among European cities in 2022.
• In 2022, Istanbul was the city with the highest number of game deals in Europe after London. It ranked fifth globally.