TLDR:
Key points:
- Venture capital investment funds are filling the growth financing gap for tech startups in Türkiye.
- Finberg is launching a new fund ranging from $1 million to $5 million to support ventures seeking to grow.
Article:
Venture capital firms in Türkiye are stepping up to fill the growth financing gap for tech startups that often face challenges during the growth phase. Finberg, a corporate venture capital firm, is developing financial instruments to enable technology ventures to grow even during high inflation periods. They are launching a new fund in April ranging from $1 million to $5 million, with special instruments available for ventures needing more than $5 million for growth. Ventures like Avane and EasyCep are already benefiting from growth financing provided by Finberg.
It is emphasized that Finberg doesn’t solely invest in financial technology but also in retail technology and various opportunity investments. Over the years, they have made investments in 49 startups and 11 venture capital funds, with successful exit deals. The firm focuses on entrepreneurs with clear competitive advantages, proven business models, and a potential for growth overseas.
Meanwhile, Inveo Investment Holding has increased its financial investments by 17% year-over-year, reaching TL 7.52 billion in 2023. With a total investment of $117.2 million, Inveo Ventures has invested over $2 million in 14 different ventures, providing employment for over 2,000 people. In the cybersecurity sector, Türk Telekom has launched a domestic DDoS service in collaboration with Labris Network to protect national data and networks against cyber threats.
Lastly, Linktera Robotics has partnered with global chatbot leader Druid to accelerate AI-supported digital transformation in Türkiye. The company aims to strengthen its position in artificial intelligence applications and expand its domestic and international activities in the coming years.