Venture capital in Israel

Turkish startup ecosystem displayed a decline in deal volume in the first quarter of 2024 compared to the same quarter of last year, following the downtrend in global startup activity, according to a report by KPMG.

The total deal volume in the Turkish startup ecosystem, including acquisitions, has amounted to $78.9 million in the first quarter of 2023 with 53 deals, shows a report by KPMG Türkiye and 212.

Global startup funding carried out $76 billion, which indicates a sharp decline, compared to the record-breaking first quarter of last year, the report noted.