Turkey ranks fifth in Europe in hosting angel investors

The president of the World Angel Investment Forum, Baybars Altuntaş, announced in a press statement that Turkey has moved from 37th to 5th place in Europe over six years in the ranking of countries hosting angel investment.

Altuntaş pointed to the role of the legal regulations recently enacted in Turkey in attracting these investments, and the leap Turkey has witnessed among countries hosting angel investment.

The president of the forum, Baybars Altuntaş, stated that the number of angel investors accredited by the Ministry of Treasury in Turkey is 520, and that the target set by the Turkish government is to attract 10,000, as is the case in Britain.

For this purpose, the Turkish government has recently established an angel investment network in Latin America, as it has done around the world.

It is worth mentioning that angel investors are a group of wealthy individuals who provide capital to startups, often in exchange for convertible bonds or shares in the project itself.

Edited by: Imtilak Real Estate

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