Investment inflows into Turkish startups surged fivefold in 2024, totaling $2.6 billion across 331 transactions, according to a report by a major consultancy firm. This growth is largely attributed to acquisitions and late-stage investments, which dominated the investment landscape. The previous year, 2023, saw total deal volume in the Turkish startup ecosystem at $497 million. Additionally, there was a notable increase in startup acquisitions, with nearly 400 deals recorded in 2024, marking a 31% rise from the 300 deals in 2023. The Turkish startup sector also attracted strong foreign interest, particularly in renewable energy and artificial intelligence, with early-stage technology companies securing over $1 billion in investments in 2024, as highlighted by the head of Türkiye's Presidential Investment Office.