Turkiye tech exports and startup investment on up, figures show

Overview

Turkiye's technology exports climbed 37.8% year-on-year to $5.3 billion in 2024, according to KPMG figures shared during London Tech Week 2026. Startup investment rose even faster, with deal volume up 423% to about $2.6 billion. The numbers landed as Turkiye brought its largest-ever national delegation to the London festival, the biggest single-country presence in the event's history. Istanbul now ranks as the world's third-largest emerging startup ecosystem.

Key Takeaways

Turkiye's information and communications technology exports reached $5.3 billion in 2024, a 37.8% rise over the prior year, sold mainly into the EU, Asia, North America, and the Middle East and North Africa.
Startup deal volume hit roughly $2.6 billion in 2024, a 423% jump year-on-year, driven by larger ticket sizes and private equity participation.
Istanbul ranked as the world's third-largest emerging startup ecosystem in the 2025 Global Startup Ecosystem Report, climbing ten places, with an ecosystem value near $12.9 billion.
Turkiye fielded its largest-ever national delegation at London Tech Week 2026, including companies AloTech, Privia Security, and broadAngle.
Istanbul will host the Global Tech Advocates Summit in October 2026, the first time the event runs in Europe.
Officials tied the export gains to an expanding research base, a rising count of technology firms and technoparks, and an engineering workforce skewed under age 35.

Stats & Key Facts

#Tech exports: $5.3 billion in 2024, up 37.8% year-on-year
#Startup deal volume: about $2.6 billion in 2024, a 423% increase
#Istanbul ecosystem value: roughly $12.9 billion (Startup Genome, 2025)
#Istanbul ranking: third-largest emerging startup ecosystem, up ten places
#Early-stage funding: $551 million attracted between H2 2022 and 2024
#Exits: 99 between 2020 and 2024, totaling $4.79 billion

Tech Exports Climb 37.8% to $5.3 Billion in 2024

Turkiye's technology export base widened across both products and services last year.

Information and communications technology exports reached $5.3 billion in 2024, a 37.8% increase over the prior year, based on figures attributed to KPMG. The shipments span software products, IT services, telecommunications, digital solutions, hardware, and equipment.

Buyers sit mainly in the EU, Asia, North America, and the Middle East and North Africa. The spread across regions points to demand for Turkish technology beyond its immediate neighborhood rather than reliance on a single market.

Startup Deal Volume Surges 423% on Bigger Tickets

Investment into Turkish startups grew far faster than exports.

›Total deal volume reached about $2.6 billion in 2024.
›That figure marks a 423% rise from the year before.
›Transactions above $500 million made up a larger share of total value.
›Private equity and financial investors drove the bigger ticket sizes.
›Capital flowed into services, energy, manufacturing, and technology.

Istanbul Ranked Third-Largest Emerging Startup Ecosystem

The city's standing as a hub strengthened sharply in independent rankings.

Startup Genome placed Istanbul as the world's third-largest emerging startup ecosystem in its 2025 Global Startup Ecosystem Report, a climb of ten places year-on-year. The report put the ecosystem's value at roughly $12.9 billion.

Underlying activity backs the ranking. Istanbul drew $551 million in early-stage funding between the second half of 2022 and the end of 2024, and recorded 99 exits between 2020 and 2024 worth a combined $4.79 billion.

Largest-Ever Delegation at London Tech Week 2026

The figures surfaced as Turkiye took a record presence to the London festival.

Turkiye brought its largest-ever national delegation to London Tech Week 2026, described as the biggest single-country presence in the event's history. The trip was organized under the Invest in Turkiye banner.

Companies on show included AloTech, a cloud contact-centre platform, Privia Security, a cybersecurity firm, and broadAngle, a software development house. Ilhan Bagoren, a board member of the Service Exporters' Association, said Turkish technology firms are increasingly competing globally by expanding abroad, attracting investment, and building partnerships.

Young Engineering Base and Growing Technoparks

Officials linked the gains to structural shifts in talent and research.

›An expanding research and development ecosystem underpins the export growth.
›The count of technology companies and technoparks continues to rise.
›A large share of the engineering workforce is under age 35.
›These factors together supply the labor and infrastructure for scaling firms.

Istanbul to Host Global Tech Advocates Summit in 2026

The city secured a notable international event for later this year.

Istanbul has been selected to host the Global Tech Advocates Summit in October 2026, the first time the gathering runs in Europe. The event draws founders, investors, policymakers, and ecosystem leaders for collaboration and partnership-building.

Hosting the summit gives the city a stage to show its rising profile to a wider audience of European, Central Asian, and global decision-makers, reinforcing the growth signals seen in the export and investment data.

What the Numbers Mean for Business Readers

Read together, the figures sketch a market gaining international weight.

The standout signal is breadth. Exports grew across software, services, and hardware while investment spread across services, energy, manufacturing, and technology, so the gains do not rest on one sector or one buyer region.

Fast-rising deal volume often reflects a few large transactions rather than a broad base of small rounds. The note that deals above $500 million carried more of the total value supports that reading, so the 423% figure should be weighed alongside the steadier $5.3 billion export number.

Frequently Asked Questions

How much did Turkiye's tech exports grow in 2024?

Information and communications technology exports reached $5.3 billion in 2024, a 37.8% rise year-on-year, according to figures attributed to KPMG and shared during London Tech Week 2026.

Why did startup investment jump 423%?

The increase reflected a recovery in global markets, larger deal sizes, and greater private equity participation. Transactions above $500 million made up a larger share of the roughly $2.6 billion total value.

Where does Istanbul rank among startup ecosystems?

Startup Genome ranked Istanbul the world's third-largest emerging startup ecosystem in its 2025 report, up ten places year-on-year, with an ecosystem value of about $12.9 billion.

Which Turkish companies attended London Tech Week 2026?

The delegation included AloTech, a cloud contact-centre platform, Privia Security, a cybersecurity firm, and broadAngle, a software development company, among others.

What event will Istanbul host in 2026?

Istanbul will host the Global Tech Advocates Summit in October 2026, the first time the summit runs in Europe.

Turkiye's 2024 figures show a technology sector gaining ground on exports, investment, and international visibility at once. With Istanbul climbing the emerging-ecosystem rankings and a summit headed to the city later this year, the data points to a market building momentum across multiple fronts.