Tech Company Financing Transactions
Erguvan Funding Round
Erguvan closed a $7.3 million Seed venture capital round on 8/9/2023. Investors included Deniz Ventures and Emirates NBD.
Transaction Overview
Company Name
Announced On
8/9/2023
Transaction Type
Venture Equity
Amount
$7,330,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to refine its flagship marketplace for environmental commodities (carbon credits and RECs) and further develop its API-based carbon accounting software solutions.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Eski Büyükdere Caddesi, 27,
Sariyer, Istanbul, 34485
TR
Sariyer, Istanbul, 34485
TR
Phone
Website
Email Address
Overview
Voluntary carbon markets are opaque as they are dominated by OTC deals resulting in hefty brokerage fees and hidden margins. Matchmaking, integrity and settlement issues as well as counter-party risks are prevalent. On the other hand, access to carbon accounting solutions that offer integrated carbon offsetting features is low globally.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Baris Balat
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