Fazla 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 said it will use the funds to continue to expand operations, grow its business reach globally, and support development efforts. Founded in 2016 by Olcay Silahlı and Arda Eren and based in Istanbul, Fazla provides technology-based holistic waste management solutions to prevent waste generation at the source and ensure recycling into a circular economy. It offers solutions to stakeholders across the supply chain, including manufacturers, distributors, retailers, the food and beverage industry and individual consumers. Fazla emphasizes delivering the highest environmental, social and economic benefits through waste reduction and management. Fazla Gida is an Istanbul-based foodtech startup operating a centralized cloud platform to help food companies manage unsold inventories and maximize returns via resale, donations, animal-feed reuse, or recycling. The company analyzes and classifies surplus using the Food Recovery Hierarchy model and cross-references classified surplus with ecosystem partners—secondary sales, animal-feed and biogas players—with end-to-end traceability. It works with multinational clients including Migros, Metro, Nestle, Pepsi and Danone. Founded in 2017, Fazla Gida was recognized by Techstars and the Metro Accelerator Berlin program and is one of nine global organizations to receive direct UN support via its development programme. Operational metrics reported include saving over 19,000 tons of food, preventing more than 62,000 tons of carbon emissions, and completing more than 70,000 transactions on its platform. Financially, including today’s €2.5 million funding round the firm has accumulated just over €3.4 million in total funding.

Total raised

$9M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2023