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Today: July 8, 2024
December 30, 2023
1 min read

Investment voyage: A peek at 2024’s venture capital panorama.

Funds are increasingly focusing on ventures specializing in AI, big data, and cloud technology

Investment funds are honing in on ventures specializing in cutting-edge technologies such as artificial intelligence, big data and cloud technology, spanning renewable energy, mobility, agriculture, health, robotics, finance, “gamification,” human resources and regulatory technology

Investors in 2024 are anticipated to concentrate on financially robust enterprises, with ventures struggling to achieve positive earnings before interest, taxes, depreciation and amortization (EBITDA), excluding deep technology ventures, facing a partial diversion from investor radar

Türk Telekom is one notable player in the Turkish venture capital scene with areas of interest including artificial intelligence, retail and cloud-based software as a service (SaaS)

Türkiye’s largest private lender Işbank is directly investing in financial technology ventures and payment system technologies

Fimple, a cloud-based financial technology venture, has successfully secured a total of $5.5 million in investment to expand and innovate in the financial industry

Under Sanofi’s PharmUp platform, Teknopark Istanbul and LHUSTEK are collaborating on the Care4RARE program which aims to develop and support solutions for rare diseases, particularly lysosomal storage diseases

Applications are ongoing for the program, which aims to facilitate cooperation, new ideas and digital solutions in the field, addressing actions outlined in the Turkish Ministry of Health’s Rare Diseases Health Strategy Document and Action Plan

Innovative entrepreneurs in the health, information technology and software sectors can apply for the program until July 31, 2024

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