Turkiye’s HubX Becomes Eighth Unicorn at $1.2 Billion Valuation After $75 Million Investment Deal
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"We will continue to support technology startups with our R&D incentives."
Hubx, supported by the Ministry of Trade under the e-Turquality Program, became Türkiye's first unicorn company in the mobile application sector with a valuation of $1.275 billion after receiving a $75 million investment.
Turkiye’s HubX Becomes Eighth Unicorn at $1.2 Billion Valuation After $75 Million Investment Deal
Izmir-based AI-focused technology company HubX has become Türkiye’s eighth unicorn after agreeing to receive up to $75 million from U.S.-based Point72 Private Investments at a $1.2 billion pre-money valuation. The …
HubX, an AI-focused technology company founded in Izmir in 2022, has reached an agreement with Point72 Private Investments to receive approximately $75 million in investment. This investment is based on the company's valuation of $1.2 billion.
HubX, an AI-focused technology company founded in Izmir in 2022, has reached a valuation of $1.2 billion by agreeing to receive approximately $75 million in investment from Point72 Private Investments, becoming Türkiye's newest "Turcorn" (Turkish unicorn).
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