Erguvan is an Istanbul, Turkiye-based climate-fintech that provides digital infrastructure for corporate climate action. It operates a B2B marketplace for environmental commodities (carbon credits and RECs) and offers API-based carbon accounting software to financial institutions and corporates. The company closed a seed funding round at a valuation of $7.33 million (197.9 million TRY). Backers included Emirates NBD PJSC and DenizBank A.S. (Deniz Ventures). Erguvan intends to use the funds to refine its flagship marketplace and further develop its API carbon accounting solutions. A partnership with ENBD Group is expected to bolster its international expansion and strengthen access to carbon credit and REC markets as well as data-driven carbon accounting tools for institutional clients.

Total raised

$7M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023