Turkish Tech and Startup Ecosystem Highlighted at Web Summit in Portugal

At Web Summit 2025 in Lisbon, Portugal, Türkiye is highlighting its expanding tech and entrepreneurship ecosystem through a pavilion at one of Europe's largest tech and startup events.

The pavilion was organized in collaboration between Türkiye’s Investment and Finance Office and the Ministry of Industry and Technology, The Caspian Post reports citing Turkish media.

Seven Turkish startups will present their products and services across software, finance, fintech, travel, sustainability, clean energy, security and fitness to global investors and tech leaders.

Participating startups include Apollo, Catchpad, Craftgate, Goldframer, Octoxlabs, Palgae and Pricing Coach.

Ahmet Burak Dağlıoğlu, the head of Türkiye’s Investment and Finance Office, said in a statement that Turkish startups received a total of $660 million in 927 investment rounds in 2010-2019 and that in 2020-2025, this figure ballooned to $5.6 billion over 2,117 investment rounds.

“The average annual investment of $1 billion clearly shows that Türkiye’s entrepreneur ecosystem has matured and it is under the radar of global investors,” he said. “We believe many Turkish companies will exceed a billion-dollar valuation and become Turcorns [Turkish unicorns], thanks to our quickly adapting young population, competent developer pool, strong testing environment and rising investment trends.”

The investment office participates in global events to support Türkiye’s tech and innovation growth strategy for 2024-2028.