Inveo invests $232 million in ventures in 2023
EXPERIENCED investment funds are increasing both indirect and direct investments, and funding sources for ventures in Türkiye are diversifying.
One of these, Inveo Investment Holding, with investments in capital markets, banking, and technology entrepreneurship increased its financial investments by 17% year-over-year to TL 7.52 billion in 2023, as per its financial results for the year.
Financial investments recorded a net increase of TL 3.3 billion annually, with a growth rate of 49%. The company’s net profit for the year 2023 came in at TL 1.1 billion. The market value of the holding, whose shares have been traded on Borsa Istanbul Stock Exchange (BIST) for over 25 years, reached TL 10.02 billion by the end of 2023, showing a 35% increase compared to the end of the previous year.
GROWING WITH STAKEHOLDERS
Continuously expanding its ecosystem with diversified investments and pioneering ventures, Inveo Investment Holding hosts 151 investments, comprising 16 direct and 135 indirect investments.
In 2023, the ecosystem welcomed 19 new investments. With an investment strategy of “right time, right value,” the holding reached a total investment of $117.2 million by the end of 2023, realizing exit deals worth $32.8 million.
Focusing on Türkiye’s emerging, innovative, and next-generation technologies, Inveo Ventures, since its establishment in
April 2022, has invested over $2 million in 14 different ventures through three different structures consisting of venture capital investment partnerships and funds.
2,000 JOBS
Onur Topaç, CEO of Inveo Investment Holding, stated that they had demonstrated a very successful performance in 2023.
“With the contributions our investments make each year, which we have established and developed with intensive effort in recent years with our team, we maintain our healthy and sustainable financial structure as a holding. In the Inveo ecosystem, we strengthen our financial position with the ability to create value for all stakeholders and successful investment management,” said Topaç.
“Together with our subsidiaries, affiliates, and funds we invest in, we have provided employment opportunities for over 2,000 people by the end of 2023 in our direct/indirect investments totaling 151.”