NEWSROOM

YapıRadar, one of the important players of the construction technology (contech) sector, completed its 2022 investment tour with a valuation of 34 Million TL

*** This release is originally published in Turkish.

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TURKEY - Aiming to be the pioneer of digital transformation in the Turkish construction industry, YapıRadar completed its second seed investment round. Swiss-based Light Eagle, Partner, Join Venture and well-known angel investors such as Ahu Serter, Melih Ödemiş, Mehmet Çelikol, Yılmaz Yıldız, Ahmet Giray Ölmez, Onur Kurugöl, Emre Açıkel were included in the investment tour. Güler Holding, which is YapıRadar's first seed investor with TL 10 Million, continued its contribution and support to the venture by including in the second investment round.

As its first product, YapıRadar shares up-to-date data of construction projects with construction suppliers and generates income from this information platform through membership method. Established in 2018, YapıRadar was selected for its second term in the QNBeyond acceleration program in 2020 and was shown as one of Turkey's 66 Best Marketplaces and Startups in the report published in 2021.

YapıRadar's entrepreneurs Devrim Ünal Saygın (CEO) and Arif Burhan Tarhan (CTO) expressed their satisfaction after the successful investment tour. Devrim Ünal Saygın said: “We have reached the number of solution partners with nearly 30 thousand projects, close to 45 thousand contractors, solution partners and supplier companies, and over 1,800 members. According to Turkish Statistical Institute’s data, the sector has grown by 119% compared to the same period of the previous year, and the digital transformation in the sector is still in its infancy. This shows us how great potential there is for digitalization. Our aim with the new investment is to go one step beyond data sharing and to take part in the construction product supply process, to increase trust and transparency in the market. In this direction, we will evaluate the investment for business development and technology. I would like to thank my colleagues, investors, customers and business partners who trusted us.