2017 Q2-H1 Funding Activities Turkey-Europe.key
Funding Activities in Turkey & Europe 2017 Q2 & 2017 H1 July 18 , 2017
startups.watch
DISCLAIMER
This report has been compiled for informational purpose only and should not be construed as a solicitation or an offer to buy or sell securities in any entity. The Report relies on data and insights from a wide range of public sources. Any of the data can be wrong since they are not checked with the owner of the data or owner of the company cited in this presentation. Neither startups.watch nor the sponsors/supporters are responsible for the information provided in this presentation. Unauthorized use of The Report may violate copyright, trademark and/or other intellectual property rights of Startups.Watch and may give rise to a claim for damages and/or be a criminal offense. The Report may not be modified, copied, distributed, republished, uploaded, posted, decompiled or transmitted in any way, without the prior written consent of Startups.Watch.
SCOPE AND DEFINITIONS
Only disclosed rounds are counted. ‘The Union of Chambers and Commodity Exchanges in Turkey’ is the key source for funding activities. (Dates, amounts raised, cap tables etc) The funding amounts may differ with other sources due to currency exchange rates. We always use currency rates at “Central Bank of the Republic of Turkey” website.
2017-H1
YEARLY DISCLOSED EARLY STAGE FUNDING ACTIVITIES IN TURKEY
Disclosed Funding Activities in Turkey & Europe - 5
137
# Rounds
Amount Invested
85
$80M 79
$70M $65M
65
$63M
63
Trendyol
$16M
$42M $36M
36 11
27
yemeksepeti
$44M
$19M markafoni
$8M
Hasan
Aslanoba
PeakGames
$12M
2010 Notes : Check for updates at startups.watch
2011
$32M
Hasan
Aslanoba
2012
2013
2014
Hasan
Aslanoba
2015
Cardtek
$19.3M
2016
iyzico
$15M
2017-H1 startups.watch
“FIRST HALF OF THE YEARS” DISCLOSED EARLY STAGE FUNDING ACTIVITIES IN TURKEY
Disclosed Funding Activities in Turkey & Europe - 6
63 57 $47M 44 38
$40M $36M
$34M $30M
25
22 15 $16M
5
$12M $9M
2010-H1
2011-H1
Notes : Check for updates at startups.watch
2012-H1
2013-H1
2014-H1
2015-H1
2016-H1
2017-H1 startups.watch
FUNDINGS BY STAGES IN 2017-H1
Vertical Pre-seed Seed
Report Title - 7
Money Raised ($)
# Rounds
495,000
13
12,046,500
42
Series A
1,175,000
1
Series B
7,200,000
3
Series C
15,000,000
1
200,000
1
37,140,000
2
Bridge Private Equity
There is a Series A & B crunch in Turkey. •
There should be more startups to achieve the right KPIs for Series A.
•
VCs are extending their deal flow to seed stage to help them to achieve their goals via smart money.
•
Due to iyzico’s $15M Series C round, fintech investments have reached the highest level.
•
Series B rounds in 2017-H1 are like “Post-Series A” rounds. It’s difficult to keep up with Series B goals.
startups.watch
MOST FUNDED TOP 10 VERTICALS IN 2017-H1
Vertical
Disclosed Funding Activities in Turkey & Europe - 8
Money Raised ($)
# Rounds
16,750,000
6
Real estate
5,200,000
2
Marketplace
4,530,000
6
Biotech
1,680,000
2
Retail-tech
1,541,500
6
IoT-M2M
1,365,000
7
Logistics
1,190,000
2
Industry 4.0
1,070,000
3
Auto-tech
620,000
3
Big data
540,000
3
Fintech
Notes : Check for updates at startups.watch
%46 of all investments in 2017 H1 was made to fintech startups. Evtiko and & tapu.com are the stars of real estate startups with funding in 2017-H1 Due to iyzico’s $15M Series C round, fintech investments have reached the highest level.
startups.watch
2017-Q2
“SECOND QUARTER OF THE YEARS” DISCLOSED EARLY STAGE FUNDING ACTIVITIES IN TURKEY
Disclosed Funding Activities in Turkey & Europe - 11
37
31 $36M 23
14
14
10 6 2
$16M
$15M
$11M
$10M $6M
$5M
$0M 2010-Q2 Notes :
2011-Q2
2012-Q2
2013-Q2
2014-Q2
2015-Q2
2016-Q2
2017-Q2 startups.watch
LIST OF TURKISH STARTUPS WHICH RAISED MONEY IN 2017-Q2
Disclosed Funding Activities in Turkey & Europe - 12
ACLteslim
Botanalytics
Buy Buddy
E Sport Akademi
Ekmob
Evtiko
Eyedius
Glakolens
iyzico
kimola
KolayOto
Letz
Logiwa
LOKI
manibux
Mekansal İşler / UrbanStats
ModaCruz
Noffix - NKolayofis
Olev
OnLock
Ottoo
Paym.es
Poltio
PratiXRM
Ringpara
RS Research
Scotty
Servo Kiosk
Spirohome
Stardust Project
Taglette
tagpay
tapu.com
Thread in Motion (Slothes)
UltraWorks
Yolo
Notes : Two investments (oBilet & Dolap) have not been included in this report because they were disclosed after the report was prepared. Check startups.watch for updates.
startups.watch
BIGGEST FUNDING ROUNDS OF 2017-Q2
Disclosed Funding Activities in Turkey & Europe - 13
Evtiko
ModaCruz
iyzico
tapu.com
RS Research
Logiwa
$4M
$2M
$2M
$1.2M
~$1.2M
~$1M
Notes : Two investments (oBilet & Dolap) have not been included in this report because they were disclosed after the report was prepared. Check startups.watch for updates.
startups.watch
KEY TAKEAWAYS
Disclosed Funding Activities in Turkey & Europe - 14
•
$36.2 million was invested in 63 investment rounds in the first half of 2017.
•
Turkish Startup Ecosystem has the best first half year on TL basis. (133M Turkish Liras)
•
Turkish Startup Ecosystem has the best 2nd quarter and best first half in terms of number of rounds.
•
Fintech, real estate, marketplace, IoT-M2M are the hot verticals.
•
There is a Series A & B crunch in 2017-H1. It’s difficult to keep up with Series A & B goals.
Notes :
startups.watch
THANKS TO OUR 2ND QUARTER EVENT SPONSORS
For all data inquiries:
Offices
Serkan Ünsal
Ar Plaza A Blok Değirmen Sk. No:16 Kat:11 - Verisun 34742 - Kozyatağı İstanbul
Chief Data Scientist / Co-Founder [email protected]
About startups.watch Startups.watch is the leading market intelligence and analytics platform for investors and business development specialists who are looking for data and insights about Turkish startup ecosystem. It’s founded in June 2015 It has paid customers and newsletter subscribers in 20+ countries.
About Core Strategy Young consulting firm that specializes in supporting leading companies to develop innovative new business lines while accelerating innovation by improving collaboration between startups and corporates. Core Strategy is the minority shareholder of startups.watch
Links Kolektif House Levent No: 61 Esentepe, Harman Sokağı No:5, 34394 Şişli/İstanbul
https://startups.watch /startups.watch /startups_watch
startups.watch
DISCLAIMER
This report has been compiled for informational purpose only and should not be construed as a solicitation or an offer to buy or sell securities in any entity. The Report relies on data and insights from a wide range of public sources. Any of the data can be wrong since they are not checked with the owner of the data or owner of the company cited in this presentation. Neither startups.watch nor the sponsors/supporters are responsible for the information provided in this presentation. Unauthorized use of The Report may violate copyright, trademark and/or other intellectual property rights of Startups.Watch and may give rise to a claim for damages and/or be a criminal offense. The Report may not be modified, copied, distributed, republished, uploaded, posted, decompiled or transmitted in any way, without the prior written consent of Startups.Watch.
SCOPE AND DEFINITIONS
Only disclosed rounds are counted. ‘The Union of Chambers and Commodity Exchanges in Turkey’ is the key source for funding activities. (Dates, amounts raised, cap tables etc) The funding amounts may differ with other sources due to currency exchange rates. We always use currency rates at “Central Bank of the Republic of Turkey” website.
2017-H1
YEARLY DISCLOSED EARLY STAGE FUNDING ACTIVITIES IN TURKEY
Disclosed Funding Activities in Turkey & Europe - 5
137
# Rounds
Amount Invested
85
$80M 79
$70M $65M
65
$63M
63
Trendyol
$16M
$42M $36M
36 11
27
yemeksepeti
$44M
$19M markafoni
$8M
Hasan
Aslanoba
PeakGames
$12M
2010 Notes : Check for updates at startups.watch
2011
$32M
Hasan
Aslanoba
2012
2013
2014
Hasan
Aslanoba
2015
Cardtek
$19.3M
2016
iyzico
$15M
2017-H1 startups.watch
“FIRST HALF OF THE YEARS” DISCLOSED EARLY STAGE FUNDING ACTIVITIES IN TURKEY
Disclosed Funding Activities in Turkey & Europe - 6
63 57 $47M 44 38
$40M $36M
$34M $30M
25
22 15 $16M
5
$12M $9M
2010-H1
2011-H1
Notes : Check for updates at startups.watch
2012-H1
2013-H1
2014-H1
2015-H1
2016-H1
2017-H1 startups.watch
FUNDINGS BY STAGES IN 2017-H1
Vertical Pre-seed Seed
Report Title - 7
Money Raised ($)
# Rounds
495,000
13
12,046,500
42
Series A
1,175,000
1
Series B
7,200,000
3
Series C
15,000,000
1
200,000
1
37,140,000
2
Bridge Private Equity
There is a Series A & B crunch in Turkey. •
There should be more startups to achieve the right KPIs for Series A.
•
VCs are extending their deal flow to seed stage to help them to achieve their goals via smart money.
•
Due to iyzico’s $15M Series C round, fintech investments have reached the highest level.
•
Series B rounds in 2017-H1 are like “Post-Series A” rounds. It’s difficult to keep up with Series B goals.
startups.watch
MOST FUNDED TOP 10 VERTICALS IN 2017-H1
Vertical
Disclosed Funding Activities in Turkey & Europe - 8
Money Raised ($)
# Rounds
16,750,000
6
Real estate
5,200,000
2
Marketplace
4,530,000
6
Biotech
1,680,000
2
Retail-tech
1,541,500
6
IoT-M2M
1,365,000
7
Logistics
1,190,000
2
Industry 4.0
1,070,000
3
Auto-tech
620,000
3
Big data
540,000
3
Fintech
Notes : Check for updates at startups.watch
%46 of all investments in 2017 H1 was made to fintech startups. Evtiko and & tapu.com are the stars of real estate startups with funding in 2017-H1 Due to iyzico’s $15M Series C round, fintech investments have reached the highest level.
startups.watch
2017-Q2
“SECOND QUARTER OF THE YEARS” DISCLOSED EARLY STAGE FUNDING ACTIVITIES IN TURKEY
Disclosed Funding Activities in Turkey & Europe - 11
37
31 $36M 23
14
14
10 6 2
$16M
$15M
$11M
$10M $6M
$5M
$0M 2010-Q2 Notes :
2011-Q2
2012-Q2
2013-Q2
2014-Q2
2015-Q2
2016-Q2
2017-Q2 startups.watch
LIST OF TURKISH STARTUPS WHICH RAISED MONEY IN 2017-Q2
Disclosed Funding Activities in Turkey & Europe - 12
ACLteslim
Botanalytics
Buy Buddy
E Sport Akademi
Ekmob
Evtiko
Eyedius
Glakolens
iyzico
kimola
KolayOto
Letz
Logiwa
LOKI
manibux
Mekansal İşler / UrbanStats
ModaCruz
Noffix - NKolayofis
Olev
OnLock
Ottoo
Paym.es
Poltio
PratiXRM
Ringpara
RS Research
Scotty
Servo Kiosk
Spirohome
Stardust Project
Taglette
tagpay
tapu.com
Thread in Motion (Slothes)
UltraWorks
Yolo
Notes : Two investments (oBilet & Dolap) have not been included in this report because they were disclosed after the report was prepared. Check startups.watch for updates.
startups.watch
BIGGEST FUNDING ROUNDS OF 2017-Q2
Disclosed Funding Activities in Turkey & Europe - 13
Evtiko
ModaCruz
iyzico
tapu.com
RS Research
Logiwa
$4M
$2M
$2M
$1.2M
~$1.2M
~$1M
Notes : Two investments (oBilet & Dolap) have not been included in this report because they were disclosed after the report was prepared. Check startups.watch for updates.
startups.watch
KEY TAKEAWAYS
Disclosed Funding Activities in Turkey & Europe - 14
•
$36.2 million was invested in 63 investment rounds in the first half of 2017.
•
Turkish Startup Ecosystem has the best first half year on TL basis. (133M Turkish Liras)
•
Turkish Startup Ecosystem has the best 2nd quarter and best first half in terms of number of rounds.
•
Fintech, real estate, marketplace, IoT-M2M are the hot verticals.
•
There is a Series A & B crunch in 2017-H1. It’s difficult to keep up with Series A & B goals.
Notes :
startups.watch
THANKS TO OUR 2ND QUARTER EVENT SPONSORS
For all data inquiries:
Offices
Serkan Ünsal
Ar Plaza A Blok Değirmen Sk. No:16 Kat:11 - Verisun 34742 - Kozyatağı İstanbul
Chief Data Scientist / Co-Founder [email protected]
About startups.watch Startups.watch is the leading market intelligence and analytics platform for investors and business development specialists who are looking for data and insights about Turkish startup ecosystem. It’s founded in June 2015 It has paid customers and newsletter subscribers in 20+ countries.
About Core Strategy Young consulting firm that specializes in supporting leading companies to develop innovative new business lines while accelerating innovation by improving collaboration between startups and corporates. Core Strategy is the minority shareholder of startups.watch
Links Kolektif House Levent No: 61 Esentepe, Harman Sokağı No:5, 34394 Şişli/İstanbul
https://startups.watch /startups.watch /startups_watch
