Faradai provides enterprise software to measure, analyse and report energy and carbon emissions and supports clients in reducing emissions and cutting costs. The company reports data from more than 18,000 sites in 16 countries and lists customers including Shell, IKEA, PepsiCo, Vodafone, M&S, MediaMarkt, BBVA, BNP Paribas and others. Faradai employs 80 team members across five country offices in London, Singapore, Istanbul, Dubai and Madrid. The company plans to use the new funding to expand its carbon and energy analytics solutions globally and to further develop its Net Zero software offering with AI- and IoT-powered tools. The product is positioned for enterprise customers seeking to measure, analyse and act on energy and carbon data. Founders are Sahin Caglayan, Burak Sefer and Utku Simitli. The company is based in London, UK.

Total raised

$2M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2022