Türkiye’s Startup Ecosystem Reached $858 Million in Q2 2025
08.09.2025 | 09:55 |In the second quarter of 2025, Türkiye’s startup ecosystem achieved an investment volume of $857.9 million across 46 registered deals, according to the “Türkiye Startup Investments” report by KPMG Türkiye M&A and 212.
The largest deal of the quarter was Uber’s acquisition of an 85% stake in Trendyol Go for $700 million. Additionally, in the fintech sector, the largest transaction was the American company Elephant’s $78 million investment in QuantumLight via Sipay, while in the gaming industry, investments by Goodwater Capital, Arcadia Gaming Partners, Index Ventures, and Play Ventures in Bigger Games amounted to $25 million.
The report notes that mergers and acquisitions accounted for 82% of the total investment volume, while early-stage investments made up 14%. By the number of deals, seed investments led with 27 transactions, followed by early-stage investments with 10 deals.
The largest investment volume came from foreign investors, who accounted for 97% of total capital, while local investors contributed only 3%. In terms of deal count, domestic players were dominant. The highest number of deals occurred in the Software-as-a-Service (SaaS) sector with 10 transactions, followed by artificial intelligence with 8, gaming with 7, and marketplaces and fintech with 5 deals each.
212 co-founder Ali Karabey noted that increased activity in SaaS, logistics, and delivery is driven by scalability and global potential. Early-stage and seed investments dominate due to more reasonable entry levels and prospects for long-term returns.
The report also highlights that global startup investments in Q2 amounted to $101.05 billion across 7,356 deals, demonstrating the stability of Türkiye’s ecosystem amid a slowdown in the global market.
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