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Trendyol.com Raises $26 Million in New Funding

Image ISTANBUL, TURKEY and PALO ALTO, CA- Trendyol.com, the leading and fastest-growing fashion e-commerce company in Turkey, has announced that it has raised $26 million from Kleiner Perkins Caufield & Byers and existing investor, Tiger Global, to fuel continued growth and scale operations. Notably, this is Kleiner Perkins Caufield & Byers' (KPCB's) first investment in Turkey -- raising attention for both Trendyol.com and the rapidly-expanding Turkish Internet and e-commerce ecosystem. KPCB has invested some of the world's most respected technology companies including: Google, Amazon.com, Twitter, AOL and Zynga. Trendyol.com highlights the unprecedented Internet and e-commerce growth market in Turkey, as well as company growth statistics in this infographic: www.trendyol.com/trends.

U.S. Companies See Growth Potential in Turkey

Image By Mike Lally* -  Strategically positioned at the crossroads of Europe, Asia and the Middle East, Turkey has embarked on a major renewable energy and energy efficiency program. The country aims to increase its clean energy share to 30 percent of its power supply by 2023 — the 100th anniversary of the Turkish republic. With over $40 billion in investment expected in this area by 2020, U.S. companies will see major business development opportunities in solar, wind, geothermal, hydro and all elements of energy efficiency.

Turkish e-Commerce Founder to Support New Entrepreneurs

Image Aksoy Group, the founder of sahibinden.com, Turkey's most visited e-commerce platform with over 2 billion monthly page views, is aiming to support promising internet projects through its newly established "Aksoy Internet Ventures".

Aksoy Group Vice-Chairman Taner Aksoy said "We founded sahibinden.com in 2000, and the Turkish information technology sector has developed and undergone a major change since then. It's a great pleasure for us to witness the whole process, especially after having secured a place among the most experienced companies. Nowadays, without a doubt, raising funds for the right project will not be so difficult in such a promising sector. Our differentiation will be to share our vision and experience on top of our financial support. Shortly, Aksoy Internet Ventures brings 'smart money' "

Aksoy said the company was willing to invest in a portfolio of companies diversifying risk. "We are primarily considering investing in Turkey. We may get involved in projects that directly target foreign markets, as well as those that are extending from Turkey to abroad." Investors who share a common vision with Aksoy Internet Ventures will also have the opportunity to co-invest in these new projects, the group said.

Sir Brian Souter in Buy-out of Turkish Ferry Operator

Image The sale by the Turkish city's government includes 52 vessels that transport more than 50 million people each year, across the Bosphorus and around the Sea of Marmaris. The chief executive of Stagecoach transport group used his investment company to lead the buyout. His investor group has a 30% stake in Istanbul Deniz Otobuslen (IDO) ferries.

Souter Investments is partnered by Ann Gloag, Sir Brian's sister and co-founder of Perth-based Stagecoach, Edinburgh financier Sir Angus Grossart and three Turkish-based companies, including the operator of the country's largest airport.

The sale, denominated in US dollars at $861m, includes 25 sea buses, 19 fast ferries and 17 conventional ferries.

There are nine inter-city and five inner-city lines serving 35 piers, with sales last year of £142m.
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