Turkey Comes 1st in Europe Gaming Industry Investment

In the first 6 months of the year, Turkish gaming startups received an investment of 333 million dollars and became the first in Europe in the gaming industry. Rıfat Tellioğlu, Communication Director of Game Factory, an incubation center for game developers, said: “Investments in blockchain and metaverse startups in Turkey have reached $20 million and will increase further in the coming periods.”

Turkey 2022 half year investment report has been published. According to the report, 333 million dollars were invested in Turkish gaming startups in the first half of 2022. And thus, the Turkish gaming industry became the country that received the most investment in Europe. After Turkey, England took the second place with 158 million dollars, while Norway took the third place with 60 million dollars.

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The investments made in the game industry in the first half left the year 2021 behind

The Turkish game industry received an investment of 266 million dollars in 2021. In the first half of this year, it received an investment of 333 million dollars, surpassing the previous year's total in 6 months. Thus, the Turkish gaming industry broke its own record and became the first in Europe.

“Interest in blockchain games is increasing”

Rıfat Tellioğlu, Communications Director of Game Factory, an incubation center for game developers, stated that investments in blockchain and metaverse startups have reached 20 million dollars. And he said that we will see more investments in the coming periods.

The game industry took 1 out of every 4 dollars

In the first half of 2022, a total of 1.4 billion dollars was invested in the Turkish entrepreneurship world. The game industry received 333 million dollars of these investments. As in 2021, a quarter of the total investment made in Turkey in the first half of this year was made in the game sector. Turkey became the first in Europe in investments made in the gaming industry. It ranked 4th in Europe in investments made in the total entrepreneurship ecosystem.

An average of $7.78 million was invested in Turkish entrepreneurs every day

In the first half of this year, the Turkish entrepreneurship ecosystem received an investment of 1.4 billion dollars. With an investment of 768 million dollars, Getir brought the food & grocery delivery industry to the top. After the delivery industry came the gaming industry. Thus, the investments made in the gaming sector exceeded 4 times the total investment in the e-commerce and finance sector.

“We will continue to bring entrepreneurs and investors together”

Rıfat Tellioğlu, Communication Director of Game Factory, an incubation center for game developers, stated that 8 startups came before investors thanks to Game Booster, the game startup acceleration program organized in cooperation with Google and Game Factory.

A new investment every day

In the first half of 2022, 160 Turkish startups were invested. Thus, a new startup received investment approximately every day. The finance sector ranked first with 20 investments. Then came the gaming, health and artificial intelligence & machine learning sectors with 12 investments each. Finance startups, which ranked first in terms of the number of investments, received an average investment of 1.35 million dollars. The average investment amount per enterprise was 1.32 million dollars in the health sector, 10.61 million dollars in the artificial intelligence sector and 28 million dollars in the games sector.