StartupCentrum has published a report on investments in startups in Turkey for the first half of 2021. According to the report, a total of $704 million was invested in startups in Turkey within 6 months.
According to StartupCentrum’s report, the majority of investments made in Turkey in the first half of 2021 were made in gaming startups. Until the summer of 2020, the industry with the strongest entrepreneurship ecosystem in Turkey was seen as finance. With an investment of $236 million in gaming startups in the first half of 2021, the gaming industry has become one of the most invested industries in Turkey. Efe Küçük, CEO of Game Factory, an incubation center for game developers, said, “The Turkish game industry is one of the most attractive markets in the world in the mobile field.”
Investments in Turkish entrepreneurs increased 7 times
In the first half of 2021, 121 startups received a total of 124 investments. The investment amount was announced in 68 of these 124 investment rounds. According to the announced data, investments made in Turkey in the first half of 2021 increased by 7 times compared to the previous half and reached 704 million dollars. The average age of startups that received investment this semester is 4.3.
According to the report, in the first half of 2021, the largest number of investments in Turkey were made in gaming startups. This semester, 20 gaming startups received investment, and thus the gaming industry surpassed the finance industry and came to the top. After the gaming industry, the industries that received the most investment were finance, healthcare, CRM & sales, and data & analytics, respectively.
In the first quarter of this year, Getir received an investment of 428 million dollars, bringing the delivery industry to the top of the list in terms of the investment amount. After the delivery industry, the gaming industry was among the sectors that received the most investment, with $236 million. Thus, 34% of the total investment made in the first half of this year was made in the game industry. The financial sector, which came after the gaming industry, received 1% of the investments.
The number of game studios that received investment with the support of Game Factory reached 9
Efe Küçük, CEO of Game Factory, an incubation center for game developers, said that 9 game studios within their organization received investments in the first half of 2021. Küçük emphasized that his doors are open to everyone in order to bring more people and studios to the game industry.
“The first half of 2021 was also very active for Game Factory teams. 9 game studios in Game Factory’s incubation center received investment and the investment processes of 7 more studios continue. In the second half of 2021, we want to bring more of our team to the investment level and continue to share in these enjoyable adventures. Great adventures await Game Factory itself in the coming year. It has always been our biggest dream to train more people and studios in the game industry. We want to grow stronger together by doing more for everyone.”
“The Turkish gaming industry is one of the most attractive markets in the world in mobile”
Efe Küçük, CEO of Game Factory, stated that Turkey’s increasing technical know-how should be channeled for advanced games.
“The Turkish gaming industry has become one of the most attractive locations in the world, especially in the mobile field. We are advancing day by day as technical know-how and culture. I believe we should and will channel this knowledge and general resources for more advanced games. In the first half of 2021, we see that a total of 236 million dollars has been invested in the game industry. With this amount of investment and the strengthening of the current wind, it is quite possible that we will always see the gaming industry in the first place among the sectors where the most investments are made in the coming years”.