Faradai, a London, UK-based net zero intelligence company, raised $2.4M in Pre-Series A funding.
The round was led by Edenbase and Sangha Capital with participation from ACTAI Ventures, Goldacre, EthAum Ventures and multiple investment professionals from Goldman Sachs UK and angel investors from the UAE, Turkiye, and India.
The company intends to use the funds to expand its carbon & energy analytics solutions globally and to develop further their Net Zero software offering with AI & IoT-Powered tools.
Founded by Sahin Caglayan, Burak Sefer and Utku Simitli, Faradai provides enterprise software to measure, analyse and report energy and carbon emissions. The platform also supports clients in reducing emissions and cutting costs. Currently reporting data from more than 18000 sites in 16 countries worldwide, its platform is used by many of companies such as Shell, IKEA, PepsiCo, Vodafone, M&S, MediaMarkt, BBVA, BNP Paribas, QNB, Sephora, GAP, Bank Audi and Delivery Hero, SOCAR and DHL.
The company currently employs 80 team members in 5 country offices (London, Singapore, Istanbul, Dubai, and Madrid).
FinSMEs
09/11/2022