Turkish Startup Newky Receives Investment

Turkish digital key startup Newky receives investment. Arz Portfolio invested in Newky with the 4th Venture Capital Investment Fund, which was launched in cooperation with Informatics Valley.

Also See: Indian Startup Revfin, Financing Electric Vehicles, Receives $14 Million Investment

Newky

What do we know about Newky? Through its patented IoT device and application, it transforms the user's biometric data and mobile phone into a secure digital key and pairs it with vehicles, doors, devices and files, allowing access to use. In this way, let's specify for vehicles. It offers secure access to many areas such as doors, devices and files.

The startup aims to make daily life safer and more practical with the solutions it has developed. It also aims to accelerate its growth with the investment it has received.

Murat Onuk, Board Member and General Manager of Arz Portföy, emphasized that digital transformation is an inevitable reality of today's business world. He stated that they will continue to support technology-based new generation Turkish startup companies that contribute to digital transformation.

It was also in the top five in the Big Bang Startup Challenge. The startup, which received an investment of 20 thousand dollars from ITU ARI Teknokent, received 150 thousand TL from Akbank, 150 thousand TL from Aksigorta, 150 thousand TL from Anadolu Isuzu and 200 thousand TL from the Automotive Exporters' Association.