HubX Secures $75 Million Funding, Raising Turkey’s Turcorn Count to Eight

Izmir‑based artificial intelligence firm HubX has clinched a $75 million investment from Point72 Private Investments, pushing Turkey’s tally of Turcorns to eight.

Deal Scope and Valuation Leap

HubX secured $75 million at a $1.2 billion pre‑money valuation, crossing the coveted $1 billion threshold and joining the exclusive club of billion‑dollar tech startups. This marks the company’s first external financing round, underscoring its rapid scaling trajectory.

The Turcorn Ecosystem and the Government’s “Turcorn 100” Initiative

Turkey’s eight Turcorns now include Peak Games, Getir, Dream Games, Trendyol, Hepsiburada, Insider, Loom, and the newly added HubX. The Turcorn 100 program offers early‑stage, high‑growth tech ventures mentorship, capital access, and international accelerator participation, aiming for 100 Turcorns by 2030.

Global Market Reach and Growth Prospects

HubX’s portfolio spans 40+ mobile and web applications deployed in 190 countries, serving over 600 million users. Participation in events such as 4YFN Barcelona, MatchCAP Asia 2026, and VivaTech 2026 amplifies its exposure to global investors.

■$75 million fresh capital will accelerate HubX’s R&D and overseas expansion.

■A $1.2 billion valuation reinforces Turkey’s standing in the global tech startup arena.

■The Turcorn 100 pipeline grew to 43 candidates by mid‑2025, nearly doubling its 2023 count.

■2030 ambition: 100 Turcorns, 100,000 tech startups, and a collective valuation exceeding $100 billion.

Zeynep Kaya – Individual Credit and Consumer Finance Strategist: HubX’s external funding signals a maturation of Turkey’s venture‑capital ecosystem. As investors gravitate toward high‑growth AI projects, domestic savings may shift toward risk‑weighted assets, prompting a modest uptick in credit risk premiums. The expanding Turcorn cohort is likely to boost sector‑specific employment and productivity, feeding into longer‑term macroeconomic growth while prompting wealth managers to allocate a greater share of portfolios to high‑tech equities.