29 Apr Global Success Stories Created by Turkish Startups 5 minutes read
In parallel with the increasing importance and impact of technology and digitalization, the entrepreneurship ecosystem also continues to strengthen. With this strengthening, startups in different parts of the world continue to improve their business processes and expand globally. Today, startups whose seeds were initially planted in one country now serve in various different countries of the world, establishing partnerships and collaborations with giant brands, expanding their market areas, and increasing their existing customer base.
Depending on this acceleration in the world, the Turkish entrepreneurship ecosystem has also reached a level that attracts the attention of entrepreneurs and investors abroad, breaking records, producing unicorns and decacorns, and increasing the number of startups and investments made, especially within the last 5 years. Just in 2021, the 10-fold increase in investments in startups in Turkey has enabled some startups to become unicorns and decacorns, and some companies to go global by exiting.Apply Now
Since 2011, when we were established as ITU Seed, the incubation center of ITU ARI Teknokent, one of the most important technoparks in the region, we continue to support startups in every aspect needed and contribute to their global expansion. To date, we have received more than 60 thousand applications from many different parts of the world, supported more than 3,500 startups and 7,500 entrepreneurs. Of these startups, 1057 were incorporated, reaching a valuation of more than 4.7 billion TRY, receiving investments exceeding 760 million TRY, and achieving a turnover of more than 368 million TRY. In this process, many of our startups have expanded to foreign markets with the support of our stakeholders, mentors and investors, conveying their success stories in Turkey to the global market.
So which of the numerous ITU Seed startups whose entrepreneurial journeys have gone global, receiving investment from investors in different countries of the world, establishing worldwide collaborations, reaching their target audience in new markets and writing a global success story, stands out the most?
Employee health and safety platform Intenseye has been accepted into Entrepreneurs Roundtable Accelerator (ERA). The startup, which recently received an investment of $25 million under the leadership of New York-based Insight Partners, carries out its activities in the United States. Currently serving in 40 different cities in the USA, Europe and Asia, Intenseye’s customers include Fortune 500 companies.
Working on last mile logistics, Metrobi has deepened its studies in Boston after being accepted to the Techstars Boston Accelerator. They currently have many customers in the United States.
Offering a digital gaming platform where gamers from all over the world can interact with games and spend time doing their favorite things with like-minded people, Teleporter has, to date, received an investment of more than 430 thousand dollars from Silicon Valley and Turkey. Today, they work with many global companies and continue their work in Silicon Valley.
Vsight, which enables field workers to work more efficiently with smart glasses and mobile device software thanks to the industrial augmented reality platform that they have developed, has received investment from Startup Wise Guys and was cited as one of the startups to follow in 2021 by EIT Digital. Vsight also ranked first among 330 startups from 51 European countries at StartUpDay 2021 held in Estonia. 85% of the startup’s turnover is from global sources.
Scoutium, a digital football monitoring platform aiming to discover talented amateur football players from all over the world, has raised a total investment of 3.5 million dollars to date. Working with more than 30 clubs in Turkey, Germany and Poland, thousands of young talents have been analyzed and dozens of new football players have been discovered.
With its patented technology that minimizes industrial production loss and saves millions of dollars a year for its customers, receiving a seed investment, Simularge was accepted into the 2021 cohort of Alchemist, one of the best B2B accelerators in the USA. The startup, which is among the top 5 in the world in both digital twin technology and manufacturing-oriented simulation software, has dozens of leading customers in its field.
Vivoo’s product, which enables individual monitoring of metabolism, is used in more than 50 countries around the world. Its investors include global investment networks such as Draper Associates, Halogen Ventures and Techstars. Vivoo, which has more than 60,000 app users, has reached 25,000 customers in more than 60 countries.
Virasoft, which makes the detection and diagnosis of pathological diseases such as cancer more effective with their digital pathology and telepathology platform, has raised more than 3 million dollars to date and serves a plethora of international customers. In 2019, the startup established a strategic partnership with labs at MIT and offers digital pathology solutions to more than 20 hospitals.
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