TeaTechs, which develops software as a service (SaaS) solutions in areas such as artificial intelligence, internet of things, internet of behavior, geographic information systems and DevOps, increased its valuation to $3.5 million by getting its second investment from Mithat Ozbek in 1.5 months.
TeaTechs, which was established at the beginning of this year to develop software as a service (SaaS) solutions in areas such as artificial intelligence, internet of things, internet of behavior, geographic information systems and DevOps, increased its valuation to $3.5 million by taking its second investment in a month and a half.
The new partner of TeaTechs, which has previously invested in companies such as 11sight in the USA, Wiseworks in the UK and Vispera in Turkiye, and received investment from ISTCAPITAL operating in the Netherlands and Turkiye, in the seed investment round that closed in September 2022, became Mithat Ozbek who is one of the well-known names of the SaaS ecosystem.
TeaTechs CEO and Co-Founder Tunc Emre Toptas, who shared his evaluations on the investment process, emphasized that they established the company in the first quarter of 2022 with their partners Ali Guven and Emrah Ersen, and they increased their valuation to $3.5 million by taking two large investments 1.5 times apart. Pointing out that they believe that the way to be a successful SaaS company is to add value to users, to produce easy and usable solutions that increase their earnings while making their jobs easier, Tunc Emre Toptas stated that their customer-oriented vision is behind the trust of two big investors in a row.
Realizing business intelligence, mobile and web-based smart digital transformation technologies with SaaS architecture, IT solutions company TeaTechs develops smart solutions specific to business units such as assets, production, supply, distribution, sales, marketing, customers, personnel, materials and projects. Realizing end-to-end digital transformation with software designed specifically for businesses and offered as a service, TeaTechs aims to become a global brand in artificial intelligence, IoT, IoB, DevOps and geographic information technologies.
Tunc Emre Toptas, who stated that they care about the investors who will add value to the company and share their visions, said that they want to establish not only a financial but also an intellectual bond with their investors. Toptas shared that Mithat Ozbek, who has undertaken duties such as CEO and chairman of the board of directors in international companies and brought the world’s largest SaaS brands to Turkiye, made them proud and happy to trust TeaTechs.
Source: Egirisim / Translated by Irem Yildiz