Turkey's startup ecosystem shows significant activity, particularly within the financial technology and gaming sectors. The majority of these emerging companies are based in Istanbul and Ankara.

Leading the pack is the fintech firm Midas, which has secured $137M in funding. Other notable companies include gaming studios and payment solution providers that have also attracted substantial investment.

Below is our list of 70 Turkey startups worth keeping an eye on.

Failory's Top 10 Picks

Midas operates a regulated brokerage platform, allowing users to invest in equities, mutual funds, and cryptocurrencies. Their platform is designed to make investing simple, combining diverse asset classes like stocks and crypto within a single, regulated mobile app.

HeadquartersÜsküdar, Istanbul, Turkey
Year Founded2020
FoundersEgem Eraslan, Umut Bozkurt
Funding Amount$137M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsQED Investors, HSG, International Finance Corporation, QuantumLight, Spark Capital

MARS offers a suite of digital financial services built around unique card options and a user rewards program. Their platform provides a modern, mobile-first alternative to traditional banking focused on delivering valuable user perks.

HeadquartersBesiktas, Istanbul, Turkey
Year Founded2020
FoundersBurcu Bekdash, Emrah Rich, Eray Yuksek
Funding Amount$2.7M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsStartupFon, Kultura Capital Management, Sina Afra, ICU Venture Capital Investment Partnership

SmartAlpha develops artificial intelligence solutions that integrate with ultrasound imaging equipment. Their software provides clinicians with enhanced image analysis to support more accurate and timely diagnoses.

HeadquartersAnkara, Ankara, Turkey
Year Founded2019
FoundersKeerthi Vishnudas, Ozan Biler, Utku Kaya
Funding Amount$3.5M
Startup SizeLean Team (11-50)
Last Funding StatusVenture Round
Top InvestorsDiffusion Capital Partners, Growth Circuit, TIBAS Ventures, Eksim Ventures, Koc GSYF VC

Scrape.do builds a web scraping API that uses rotating proxies to pull data from any target webpage. Their platform simplifies data collection by handling common obstacles like IP blocks and Javascript rendering, allowing for integration in just a few minutes.

HeadquartersAnkara, Ankara, Turkey
Year Founded2020
FoundersBatuhan Ozyon
Funding Amount—
Startup SizeFounding Team (1-10)
Last Funding Status—
Top Investors—

Phemex built a global cryptocurrency exchange for professional and retail traders. The platform is known for its high-performance derivatives trading engine and user-oriented features.

HeadquartersAnkara, Ankara, Turkey
Year Founded2019
FoundersJack Tao
Funding Amount$3.5M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeed
Top InvestorsNGC Ventures

Longi created an active aging club that connects members through community activities and intergenerational learning. Their platform also offers preventive healthcare services designed to support a healthy and engaged lifestyle for older adults.

HeadquartersIstanbul, Istanbul, Turkey
Year Founded2015
FoundersAli Murat Ceylan, Berk Yilmaz, Fatih Mustafa Celebi
Funding Amount$200k
Startup SizeFounding Team (1-10)
Last Funding StatusAngel
Top Investors—

Good Job Games develops hyper-casual mobile games played by billions of people around the world. The company has built a large portfolio of simple, addictive titles designed for a mass audience.

HeadquartersIstanbul, Istanbul, Turkey
Year Founded2017
FoundersIlker Ilicalı
Funding Amount$83M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries A
Top InvestorsMenlo Ventures, Bessemer Venture Partners, Anthos Capital, Digiage, Arcadia Gaming Partners

Sipay develops a suite of payment solutions for businesses and individuals, including digital wallets, point-of-sale systems, and payment links. They specialize in providing the tools for embedded finance, allowing companies to integrate payment services directly into their own platforms.

HeadquartersIstanbul, Istanbul, Turkey
Year Founded2019
FoundersNezih Sipahioğlu
Funding Amount$93M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsQuantumLight, Elephant, Pareto Holdings, Edward Lando, Anfa

Bigger Games builds casual mobile games that are played by millions of people around the world. The studio is known for creating popular puzzle titles that are simple to learn and highly engaging.

HeadquartersIstanbul, Istanbul, Turkey
Year Founded2019
FoundersErkan Gürel, Hakan Ulvan, Yanki Yagiz Akpek
Funding Amount$31M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsIndex Ventures, Goodwater Capital, Play Ventures, Arcadia Gaming Partners, David Helgason

RS Research develops smart nanomedicines that deliver targeted therapies for complex diseases. Their proprietary Sagitta platform is engineered to make treatments more effective while reducing side effects on healthy tissues.

HeadquartersIstanbul, Istanbul, Turkey
Year Founded2015
FoundersRana Sanyal, Sena Nomak
Funding Amount$14.4M
Startup SizeLean Team (11-50)
Last Funding StatusGrant
Top InvestorsEuropean Innovation Council, Eczacıbaşı Momentum, ACT Venture Partners, İstanbul Portföy Yönetimi, Gen Pharmaceuticals

60 Additional Turkey Startups Worth Following

Our top ten picks offer a glimpse into the country's growing startup scene, but the story doesn't end there. Founders across Turkey are building new companies and finding creative ways to solve problems.

Many of the most exciting new companies are in gaming and AI, and together they have raised over $4 billion in funding. Here is a look at the other startups that are shaping Turkey's future.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
Albert Health logo Albert HealthAI2018$2.9MVenture Round
Idenfit logo IdenfitEnterprise2019$2.1MVenture Round
Codeway logo CodewayOther2020$16MSeed
Grand Games logo Grand GamesGaming2024$33MSeries A
Twin Science & Robotics logo Twin Science & RoboticsMedia2017$5.6MSeed
Agave Games logo Agave GamesInfrastructure2021$25.4MSeries A
letgo logo letgoMedia2015$975MSeries E
Mega Fortuna logo Mega FortunaGaming2023$12.3MCorporate Round
Trendyol Group logo Trendyol GroupRetail2009$1.9BPrivate Equity
Beko logo BekoHardware1955€475MDebt Financing
Akinon logo AkinonEnterprise2016$25MSeries B
Itz Nutz logo Itz NutzFood2021$535kSeed
Doktar Technologies logo Doktar TechnologiesAgTech2017$10.2MVenture Round
Param logo ParamFintech2013€50MSeries A
a2 Technology logo a2 TechnologyAnalytics2012$1MGrant
Circle Games logo Circle GamesGaming2024$7.3MSeed
Vispera logo VisperaAnalytics2014$13.1MVenture Round
FERASET logo FERASETSaaS2023$4.5MSeed
Heltia logo HeltiaMedia2022$5.5MSeed
Çalık Enerji logo Çalık EnerjiEnergy1988€152MDebt Financing
TeamSec logo TeamSecAI2022$13.3MVenture Round
Rollic Games logo Rollic GamesInfrastructure2018$99kSeed
obilet.com logo obilet.comRetail2012$19.3MSeries B
Aposto logo ApostoAnalytics2020$500kSeed
Fazla Gıda logo Fazla GıdaLogistics2016$10.5MVenture Round
Paxie Games logo Paxie GamesGaming2021$4MSeed
Eden Network logo Eden NetworkCrypto2020$17.4MSeed
Wask logo WaskMarketing2018$3.1MSeed
Modanisa logo ModanisaFashion2011$45.5MVenture Round
Fuse Games logo Fuse GamesGaming2023$9MVenture Round
Mindsite logo MindsiteAnalytics2019$3.8MSeed
ConectoHub logo ConectoHubSaaS2020$143.9kSeed
Scoutium logo ScoutiumMarketplace2017$4.1MEquity Crowdfunding
Mükellef logo MükellefFintech2019$21MSeed
Volt Lines logo Volt LinesMobility2017$7.7MVenture Round
Papara logo PaparaFintech2015$2MSeed
Spark SuperApp logo Spark SuperAppMobility2022$500kSeed
Tarfin logo TarfinAgTech2017$14.4MSeries A
Lucida AI logo Lucida AIAI2023$1.3MPre-Seed
Inavitas logo InavitasEnergy2012$12.5MCorporate Round
Medianova logo MedianovaCloud2005$10MPrivate Equity
Onlayer logo OnlayerAI2019$1.6MSeed
RubiBrands logo RubiBrandsMarketing2021$26MSeed
Parny logo ParnySaaS2022$300kSeed
MedaStaré logo MedaStaréAI2025—Pre-Seed
Avane Cloud Kitchens logo Avane Cloud KitchensFood2020$4.1MSeed
VenueX logo VenueXEnterprise2022$2MSeed
Panteon logo PanteonMedia2012$10MAngel
Paket Mutfak logo Paket MutfakEnterprise2019$8.5MSeed
Kavaken logo KavakenAI2022$2MSeed
Qubitrium logo QubitriumInfrastructure2020$1.5MSeed
Metatime logo MetatimeMedia2019$21MSeed
Virgosol Information and Software Solutions logo Virgosol Information and Software SolutionsInfrastructure2019$3.5MSeed
Vepara logo VeparaEnterprise2020TRY30.5MSecondary Market
Testinium logo TestiniumInfrastructure2010$5.3MConvertible Note
Borusan Lojistik logo Borusan LojistikOther1973$30.5MDebt Financing
Winfluencer logo WinfluencerMarketing2022TRY12.5MVenture Round
Plastic Move logo Plastic MoveBiotech2019$4.9MSeed
madlen logo madlenEducation2024$350kSeed
SmartPulse Technology logo SmartPulse TechnologyEnergy2018$1.8MSeries A