Voluntary carbon markets are opaque as they are dominated by OTC deals resulting in hefty brokerage fees and hidden margins. Matchmaking, integrity and settlement issues as well as counter-party risks are prevalent. On the other hand, access to carbon accounting solutions that offer integrated carbon offsetting features is low globally. Our flagship product, Erguvan Marketplace is a secure and transparent carbon credits trading platform that directly connects end buyers and project developers, offering all participants a frictionless, efficient and low-cost transaction environment. We also provide a suite of activity-based carbon accounting APIs with seamless carbon offsetting features.
Location: Turkey, Marmara Region, Sarıyer
Employees: 1-10
Valuation: $7.33M
Founded date: 2021
Mentions in press and media 2
| Date | Title | Description |
| 09.08.2023 | Erguvan Raises Seed Funding | Erguvan, an Istanbul, Turkiye-based climate-fintech startup, closed its seed funding round, at a valuation of 7.33m USD (197.9 million TRY). Backers included Emirates NBD PJSC and DenizBank A.S. (Deniz Ventures). The company intends to use ... |
| 08.08.2023 | Istanbul's Erguvan secures funding for carbon credit marketplace at $7.33M valuation | Erguvan, a self-described climate-fintech startup based in Istanbul, Turkiye has raised an undisclosed figure in a seed round via Emirates NBD and Deniz Ventures at a valuation of $7.33 million. The investment marks the first deployment for... |