Investments Under the Startup Ecosystem Decreased!

KPMG Turkey and 212 teams prepared a report on start-up investments. According to the report, the number of start-ups under the scope of the start-up ecosystem in Turkey has decreased by 19 percent. This decrease is in parallel with the decrease in the startup ecosystem around the world. KPMG Turkey M&A and 212 shared a report called Turkey Startup Investments for the third quarter of 2022. The third quarter data revealed a 19 percent decline compared to the second quarter data. Worldwide, there was a 33 percent decrease compared to the second quarter. In addition, investments in the startup ecosystem decreased in all investment types except early stage.

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Increase in Startups when Evaluated on a Yearly Basis

Especially when compared to 2021, it turns out that there is actually no decline. Making some statements within the scope of this issue, 212 Co-Founder Ali Karabey underlined that when the first three months of 2022 are evaluated together, there is a decline in the startup ecosystem, but when compared with the data of the 3rd quarter of 2021, the situation is not bad and there is an increase. While the investment was 1.4 billion in the first three months of last year, the investment value was recorded as 1.43 billion in the third quarter of this year.

More Local Investors Making Startups

When the number of people investing in this ecosystem worldwide is taken into account, it is seen that domestic investors have a larger share. With 54 percent, domestic investors outpaced foreign investors with a share of 46 percent. Among foreign investors, the Netherlands, Austria and the United Kingdom were at the top of the list. However, foreign investors seem to be in the lead in terms of providing higher levels of financing.