Fazla, an Istanbul, Turkey-based provider of technology-based holistic waste management solutions, raised USD6m in funding at a valuation of USD43m.
Backers included Technology Development Foundation of Turkey (TTGV), Turkey Development Fund, Founder One and angel investors under the leadership of Esor Investments Holding GmbH and 212.
The company intends to use the funds to continue to expand operations, its business reach globally, and development efforts.
Founded in 2016 by Olcay Silahlı and Arda Eren, Fazla provides technology-based holistic waste management solutions to prevent waste generation at the source, and ensure that the waste generated is recycled into a circular economy with the highest environmental, social and economic benefits.
The company enables waste reduction and management by offering different solutions to all stakeholders in the supply chain, including manufacturers, distributors, retailers, food and beverage industry and individual consumers.
FinSMEs
09/06/2023