Fazla, a Turkish company which specializes in technology-based holistic waste management solutions, has secured $6 million in funding led by the 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, founded in 2016, specializes in technology-based holistic waste management solutions. Fazla's aim is to prevent waste generation at the source and promote a circular economy by ensuring efficient recycling. The funds will be used to expand global operations, reach new markets, and invest in further development efforts. Fazla's solutions cater to various stakeholders in the supply chain, including manufacturers, distributors, retailers, and individual consumers, enabling waste reduction and sustainable waste management.
Summary: Fazla, based in Istanbul, Turkey, raises $6 million at a $43 million valuation for its technology-based waste management solutions. The company focuses on preventing waste generation and promoting recycling, catering to stakeholders across the supply chain. The funding will support global expansion and further development of Fazla's holistic waste management solutions.