FundraiseAug 28, 2026, 12:01 UTC

HubX raises $75M Series A at $1.28B valuation, joining unicorn ranks

What's the deal? HubX, an İzmir-based developer of AI-driven mobile and web apps, has raised up to $75 million in a Series A round led by Point72 Private Investments. The deal values the company at $1.275 billion pre-money, pushing it into unicorn territory.

Why now? Founded in 2022, HubX grew without outside capital until this round — its first external funding. It now runs a portfolio of more than 40 apps that have reached over 600 million users across 190-plus countries.

What's the endgame? HubX will use the money to accelerate growth of existing products and expand its AI and technology infrastructure. The second focus is global mergers and acquisitions, folding promising apps and teams into its ecosystem.

The company's products span generative AI, photo and video, education, and wellness, including apps such as Nova, Wiser, DaVinci, and Lotus Flow. It employs more than 370 people across offices in İzmir and İstanbul.

What do the backers say? Point72 Private Investments partner Ishan Sinha said HubX's ability to spot consumer demand and quickly build, distribute, and scale products stood out in the decision. Co-founder Kaan Ortabaş noted the company reached its current scale within four years while staying profitable.

The signal: The round ranks among the largest Series A deals ever recorded for a media company in Türkiye, sitting in the 98th percentile across a sample of more than 1,000 comparable rounds. It shows investors are willing to write big first cheques for bootstrapped, profitable app portfolios with global reach.