What happened in the startup ecosystem this week? 28

Startups, unlike traditional businesses, are established with the goal of rapid growth and often take risks and receive a large amount of investment. These investments are used to accelerate the growth of the business and they often develop projects that focus on technological innovation. However, the survival and growth of startups is often a challenging process.

Entrepreneurs have to constantly improve their product and business model, impress their customers and satisfy investors in order for their business to succeed. A successful startup is achieved with a team that believes in and is excited about its product, a business model that meets the needs of customers, and proper management of its financial resources. Building a startup therefore requires a great deal of risk and dedication, but can offer significant rewards when it succeeds. Let’s see what happened in the startup ecosystem this week.

Also See: Turkish Startup Blueit Receives $250 Thousand Investment

Startups that received investment

Tunga Games develops educational and development supportive games for primary school students. According to the information obtained, it received 1 million TL investment from Founder One, Turkey’s first Impact investment fund. Click for more information.

YAMY Studio, founded in 2020 based in Istanbul, is a Turkish game startup that develops hybrid-casual games by combining technology and creativity. The company received $ 8 million. Click for more information.

Divergent Technologies, Inc., the company that invented, developed and commercialised the world’s first end-to-end digital industrial manufacturing system, has completed a Series D equity financing totalling $230 million. Click for more information.

HockeyStack was founded in 2020 by Arda Bulut, Buğra Gündüz and Emir Atlı. According to the information obtained, it received an investment of $ 2.7 million within the scope of the new investment round. Click for more information.

Biotechnology company PhiTech received investment from Arya GSYF. According to the information obtained, Arya GSYF made its seventh investment in PhiTech, a health biotechnology startup focusing on genome technologies, with 250 thousand dollars. Click for more information.

AI startup Artisan announced this week that it has raised $2.3 million to create the first human-like digital employees. Click for more information.

Turkish startup Blueit is developing a water management platform that monitors water consumption in industrial plants and commercial buildings in real time. According to the information obtained, Sabancı ARF programme received an investment of 250 thousand dollars. Click for more information.

Menlo Ventures, which backed startups such as Chime and Harness, has raised $1.35bn for funds that will invest in AI-related technology companies. Click for more information.