The State of the Turkish Startup Ecosystem
"In 2018, most of the venture capital funds focused on fundraising activities after having deployed their previous funds in 2017 and 2018. Moreover, many corporates built their corporate venture capital structures and entered the foray.
Not only that, startups founded between 2010 to 2015 have become attractive for potential buyers, including recently exited Trendyol for at least $750 million, and many other acquisitions in 2018.
In 2019, this acquisition trend continued. The exits of Foriba, Parasut, and Iyzico, among others, proves that Turkish scaleups are more attractive for potential buyers. I think this trend will continue and more scaleups will be acquired in the coming months."