One of crucial buyers within the startup ecosystem in Türkiye, Revo Capital, held this week the fourth version of its “Building Bridges” occasion, converging a whole bunch of buyers in Istanbul and detailing the potential of the enterprise capital funding fund.
In addition to Revo Capital’s presentation on investments carried out in earlier years and strategic plans primarily based on market dynamics for upcoming years, the occasion additionally coated thematic panels on synthetic intelligence, feminine management in expertise, cybersecurity, fintech, gaming traits and sustainability in power.
Revo Capital Managing Director Cenk Bayrakdar additionally introduced the goal for the launch of the third fund within the first half of this 12 months, price $100 million.
As a part of his opening remarks on the occasion, he highlighted the significance of constructing bridges by way of completely different communication channels, as he offered complete perception into traits within the tech trade.
“We aim to invest in truly innovative startups, that have a global mindset which are based in Türkiye or Eastern Europe,” he instructed the occasion, which gathered some 600 buyers, entrepreneurs and business folks on Wednesday, in keeping with the organizers.
One of the keynote audio system on the occasion, the managing director for the Equity Business Group of the European Bank for Reconstruction and Development (EBRD) Dirk Werner identified that Türkiye is the nation that receives the biggest quantity of funding from its portfolio.
The financing offered by the EBRD climbed to a brand new document excessive of two.48 billion euros ($2.7 billion) in 2023, he mentioned, detailing the scope of fairness investments within the nation, whereas underscoring the bodily presence of the financial institution at locations they’re working at.
The Revo Capital occasion additionally hosted the pinnacle of the Presidency’s Investment Office, Ahmet Burak Dağlıoğlu, who offered insights into Türkiye’s startup and fintech scene and highlighted the nation’s monitor document as a number one funding hub, located on the crossroads of Europe, Asia and Africa.
In his speech, Dağlıoğlu reiterated their goal of elevating Türkiye’s share within the worldwide direct funding market from 1% to 1.5%, as a part of the 2024-2028 technique.
“From a longer perspective, you know, since 2003 Türkiye has attracted an increased amount of FDI (foreign direct investment), and especially in recent years, in the post-COVID period we continue our performance. In 2023, we attracted $10.6 billion in FDI,” he mentioned, regardless of “kind of a turbulent year globally, because of the policies of the central banks and conditions in geopolitics, geoeconomics and a new term that emerged, ‘slowbalization.'”
On the sidelines of the occasion, Bayrakdar instructed Daily Sabah the “main objective of the event was to bring different colleagues from all over the world and try to facilitate Türkiye becoming a tech investment hub,” highlighting they’d many guests from international locations such because the United States, United Kingdom, Germany, the Netherlands, Hungary and even Singapore.
“We have a belief that Türkiye positively surprises everyone visiting and we want to encourage more and more people to invest in Turkish startups,” he mentioned.
Answering the query relating to the robust traits within the discipline, in keeping with which as offered by Revo Capital, the verticalized synthetic intelligence apps are set to enlarge by roughly 30% by 2025, he mentioned: “We are at an inflection point and AI, this is like the first days of the internet, every day it was evolving, in good ways or bad ways but with AI in upcoming years we will see so many applications, it will be much more involved in our lives.”
“And also infrastructure-wise, there is a great transition to the cloud, but I think AI is one of the main factors that will expedite that in upcoming years,” he added whereas highlighting the significance of maintaining with traits and investing in these.
Source: www.dailysabah.com