Online payments service Odeal was among the top fundraisers in Turkey in the second quarter, Startups.watch’s quarterly report showed on July 26.

In June, UK-based SPG Holdings bought a 9.9% stake in Odeal for Turkish lira (TRY) 29mn ($3mn).

In the Union of Chambers and Commodity Exchanges of Turkey's (TOBB's) Fastest Growing Turkish Companies ranking for 2020, Odeal ranked 20th with TRY5-20mn of revenues.

A total of 63 Turkish start-ups raised $746mn in Q2, bringing the overall H1 figures to 129 deals worth $1.26bn, according to data compiled by Startups.watch.

Both the Q2 and H1 figures for funds raised suggest record highs, thanks to rapid grocery delivery firm Getir and Dream Games.

Fourteen games developers raised funds in Q2, bringing the H1 figure to 29.

Istanbul is the second largest games studio hub after London, while Turkey has 445 active gaming start-ups, Daily Sabah quoted Startups.watch founder Serkan Unsal as saying on August 6.

Getir was the fundraising leader in Q2, raising $550mn, followed by Dream Games ($155mn), Marti (an undisclosed amount) and Ace Games ($7mn).

Odeal was fourth, followed by Appsilon Diamond, Trio Mobil ($2mn), Veloxia ($3mn), Tarentum ($1.4mn) and EasyCep (TRY9mn).

There are currently some Turkish start-ups with potential valuations standing at over $1bn and these companies will be promoted as unicorns when they raise funds, StartupMarket CEO Serkan Bagce told local business daily Dunya.

Meanwhile, there are a total of 46 Turkey-focused funds with investment volumes standing at over $1bn, according to Bagce.

Modanisa, Insider, Good Job Games, Fugo Games, Alictus, Vivense, Meditopia, Marti, Paycore and Ace Games are seen as the upcoming Turkish unicorns.

Major Tech Deals in Turkey
Date	Sold	Stake	Price	Buyer	Seller
Aug-21	Palm	full	TRY43mn	Felix (UAE/Israel)	-
Aug-21	Fernvaille	8.4%	TRY1mn	Fonbulucu.com	Crowd-funding
Jul-21	Tepe Guvenlik	full	€10mn	Securitas (Sweeden)	-
Jul-21	Snapbytes	full	-	Appfire (US)	-
Jul-21	Trendyol	claim	$1.5bn	General Atlantic, Softbank (US)	Fundraising
Jul-21	MOOV	partnership	talks	Getir	Anadolu Group (AGHOL)
Jul-21	PCI Checklist	-	-	SC,Dayioglu,Tora,Erkmen	Fundraising
Jul-21	Hitit Bilgisayar	intention	-	IPO	Pegasus (PGSUS)
Jul-21	Kitopi (UAE)	-	-	Dogus	Fundraising
Jul-21	Trio Mobil	-	$2mn	212	Fundraising
Jun-21	BLOK (Spain)	-	-	Getir	-
Jun-21	Dream Games	-	$155mn	Index,Makers,Balderton,IVP,Kora	Series B
Jun-21	WeBee	-	TRY6mn	DCP, Technology Innovation Fund...	Fundraising
Jun-21	Marti	-	-	EBRD, Actera	Fundraising
Jun-21	Odeal	9.9%	TRY29mn	SPG (UK)	Fundraising
Jun-21	Hepsiburada	20%	$738mn	IPO/Nasdaq	Dogan(DOHOL),FranklinTempleton
Jun-21	Trendyol	claim	$2bn	-	Fundraising
Jun-21	OCR (Australia)	-	$15mn	Oyak, Halkin (Australia)	Fundraising
Jun-21	Augmency	-	-	Inventram (Koc/KCHOL)	Fundraising
Jun-21	Alterna CX	-	$0.25mn	Teknoloji Yatirim	Fundraising
Jun-21	Yolda	-	$1.9mn	Speedinvest, Collective Park etc.	Fundraising
Jun-21	Hungri Games	11%	$1.1mn	Triple Dragon (UK)	Fundraising
Jun-21	Litum	-	-	Actera (UK)	Fundraising
Jul-21	FGS	50%	-	Vodafone Turkey	-
Jun-21	Veloxia	-	$3mn	Collective Spark	Fundraising
Jun-21	Getir	-	$555mn	Tiger,Sequoia,Silver,DisruptAD,Mubadala	Fundraising
Jun-21	Abonesepeti	-	-	Keiretsu	Fundraising
Jun-21	Momento	-	-	Param	-
May-21	Tarentum	-	$1.4mn	Bogazici Ventures	Fundraising
May-21	ATP Ticari	20%	TRY180mn	IPO	owners
May-21	n11	15%	application	IPO	Dogus Holding (DGHOL)
May-21	Optiyol	-	-	Ford Otosan (FROTO)	Fundraising
May-21	Bluedot	-	-	Ford Otosan (FROTO)	Fundraising
May-21	Penta Teknoloji	48.34%	TRY588mn	IPO	Gozde(GOZDE)(Yildiz Holding)
May-21	PayTR	-	-	Actera	-
May-21	Brightstar Turkey	100%	talks	Arena(ARENA)(Redington/India)	Brightstar(US)
May-21	Uncosoft	-	-	Rollic (Zynga/US)	-
Apr-21	EasyCep	-	TRY9mn	Finberg,Keiretsu,Bas,Sozdinler,Karsli	Fundraising
Apr-21	Cicek Sepeti	minority	-	Cicek Sepeti	Amazon(US),Hummingbird(Belgium)
Apr-21	E-cozum	full	TRY200mn	Param	-
Apr-21	Ace Games	-	$7mn	Actera,NfX,Segerstrale,Bonte,Gunay	Fundraising
Apr-21	Trendyol	2%	$350mn	Alibaba (China)	Fundraising
Mar-21	Wirecard Turkey	-	-	Finch(Netherlands)	-
Mar-21	Getir	minority	$300mn	Sequioa, Tiger	Fundraising
Mar-21	DgPays	-	-	EBRD, Goldman	-
Mar-21	Softforay/Softeconomics	-	-	NMS (US)	-
Mar-21	Mowico (UK)	-	-	Sinan Afra	Fundraising
Mar-21	Midas	-	$1mn	Denizbank	Fundraising
Mar-21	NetRD	100%	$11.6mn	Orion Innovation (US)	Netas (NETAS)
Mar-21	Dream Games	-	$50mn	Index,Balderton, Makers	Fundraising
Feb-21	Brew Games	-	$4mn	Actera	Fundraising
Feb-21	Tarfin	-	TRY46mn	Pasha/Azerbaijan	Fundraising
Feb-21	Teknofix	100%	-	Webhelp/France	-
Feb-21	Malwation	-	-	Alesta, Sertac Ozinal	Fundraising
Feb-21	Mowico (UK)	full	$1.6mn	Tmob (Italy)	-
Feb-21	Legna Medikal	-	-	Semih Kocak	Fundraising
Feb-21	makromusic	-	-	Omer Erkmen	Fundraising
Feb-21	MTS Teknoloji (PayCore)	100%	$50mn	Mediterra/Netherlands	Sancak
Feb-21	Banamama	full	TRY5mn	Tash (UK)	-
Feb-21	Pubinno	-	$1mn	Twozero	Fundraising
Feb-21	Birlesik Odeme	70%	-	Oyak Portfoy	-
Jan-21	BluTV	2.77%	-	Twozero	-
Jan-21	BluTV	35%	-	Discovery/US	-
Jan-21	Inofab	-	$1mn	Re-Pie/Teknoloji/Fark	Fundraising
Jan-21	Getir	minority	$128mn	MoritzMoritz(ex-Google)/Base/Tiger/Goodwater/Esas/Fiba/Revo	Fundraising
Jan-21	Innovera	-	-	Eczacibasi-Taxim-Cyberwise	-