Investments

Startups

Advantages of Scaling an Operational Marketplace Out of Turkey

Cleanzy is a house cleaning marketplace that started in Turkey and later expanded to Spain, Italy, and the UK. The company raised subsequent rounds of funding and leveraged Turkey as a playground to finetune the…

Finance

Foriba: Scaling an enterprise product in a regulated industry

Foriba reached $15M revenue from 10 countries in a very short period of time and recently got acquired to the global tax software provider Sovos. Koray, the founder of the successful e-invoicing solution, Koray was my…

Investments

Cleanzy raises $2.1 million to expand globally

Cleanzy has received $2.1 million investment from Maxis Innovative Venture-Capital Fund and their old investor Collective Spark. With the new investment, Mutlubiev has increased its total investment amount to $4.6…

Investments

Smart fabric startup Thread In Motion reached a valuation of 50 million TL

We mentioned about the Turkish 'Textile Tech' start-up Thread in Motion, back in March, 2017. Thread in Motion, which received an investment of 350,000 USD in June 2017, has appeared with new investment news. Reached a…

Finance

PayU acquires iyzico for 165 million dollars!

We had informed you about iyzico, taking its place among Turkey's payment systems market. We have heard a lot about iyzico which has come across with many investment news and sales negotiations, and is among the most…

Investments

Paraşüt's sale is now finalized

Yesterday we shared that Paraşüt was purchased by Mikro and Zirve, which Turkven and Earlybird are investors of. Today Sean Yu, the founder of Paraşüt, confirmed the sale with the statement he made. Sean Yu, who…

Investments

Paraşüt got acquired by Mikro and Zirve, funded by Turkven and Earlybird

Mikro and Zirve, funded by Turkven and Earlybird acquired Paraşüt, a cloud-based financial management application. In order to enable small and medium-sized enterprises (SMEs) to manage their financial operations more…

Investments

Revo Capital invests in Sonarworks, a sound technology-oriented company

Revo Capital, which appeared with its investment in Zizoo in November, announced that it invested in Latvia-based Sonarworks. Founded in 2012, Sonarworks focuses on sound technologies, and it has customers in 170…

Investments

E-transformation company Foriba got acquired by global tax software provider Sovos

Sovos, that offers finance, tax software and reporting solutions, acquired Foriba, a local e-transformation company. Sovos previously acquired some other companies including Invoiceware, Paperless and TrustWeaver. With…

Investments

Playz, a game-oriented social media platform, has closed its 3rd funding round.

In May of last year, we mentioned PlayZ, a local start-up which aims to be the Facebook of the gaming world. The Playz start-up, which aims to bring the gaming world together in a single platform, announced that it has…

Investments

Turkey is one of the countries where individuals are much open to obtain computer assistance for financial services

The results of the online research on financial technologies conducted by ING Group together with IPSOS research company were announced. According to the results of this research conducted with over 14 thousand people…

Investments

Maxis Innovative Startup Capital Investment Fund invests in Kolay IK

Recall that we told you about a rumour in the last days of February that the cloud-based personnel management and human resources platform Kolay IK received an investment over a valuation of 50 million TL. According to…

Investments

Tarvenn Ventures invests in Sertifier which provides smart certification services

Sertifier, a blockchain-based start-up that allows to design, distribute, archive and query certificates for trainings and events, has received its first investment. Tarvenn invested in Sertifier with a valuation of…

Investments

Saas startup Shopi that improves store performance in retail industry received an investment of 520k US dollars

Founded by Turgut Yazıcı, Mehmet Çağrı Göncü and Aslı Kubilay in January of 2018, Shopi operates as a SaaS startup providing cloud-based mobile solutions for the retail industry that makes the in-store shopping…

Investments

The majority share of the design studio and creative platform ATÖLYE acquired by kyu Collective

kyu Collective, announced to have purchased the majority share of Istanbul based creative organization ATÖLYE. Having its headquarters in New York, kyu Collective operates as a collective of strategically selected…

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