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“We have full confidence that Fazla's experienced and talented team will create a significant impact in the Spanish market.' Vision for healthier world The success of the team in Spain will be a significant step toward establishing dominance in the European market,” said Karabey. “It is now expanding into the European market, with Spain as its first target country. “With this investment, we will continue our R&D investments to strengthen our developed solutions and expand our product portfolio.' Growth in European marketĪli Karabey, co-founder of 212 and an investor in Fazla since 2021, leading the investment in the last two rounds, said the company has pioneered waste management in Türkiye and achieved “remarkable” momentum. “As a deep tech organization, we enhance our impact exponentially with a holistic approach by designing our web, mobile and IoT solutions, which we entirely develop in-house, with a data-oriented 360-degree perspective and a focus on traceability and scalability in waste management,” Eren said. Holistic approach to wasteĪrda Eren, co-founder and chief technology officer (CTO) of Fazla, emphasized the company’s extensive technology network. We will continue to lead the transformation our world needs,' Silahlı said. We will strengthen our investments in team growth and maintain our unique structure by incorporating experts in the field. With this interim investment round, we will continue to expand the impact and scope of our operations through our seven services, which are all developed by Fazla and are the products of various technologies. “With this investment, we aim to expand our ongoing operations in 68 provinces of Türkiye and continue our expansion in Spain more robustly. We established our local team in Spain as of March 2023 and we started our operations actively in the field,” said Olcay Silahlı, co-founder and CEO of Fazla. 'We initiated our international expansion in 2023. Fazla looks to utilize the investment to speed up its operations and strengthen its presence in the Spanish waste management ecosystem, in addition to expanding research and development (R&D) to increase the range of services it offers.

Shift technologies investors