
Fazla
Providing innovative tech solutions and allowing surplus food e-commerce between businesses.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor | €0.0 Valuation: €0.0 1.1x EV/Revenue | round | |
investor investor investor investor investor investor investor | €0.0 Valuation: €0.0 2.7x EV/Revenue | round | |
* | N/A | Late VC | |
Total Funding | 000k |
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 |
% growth | - | 104 % | 30 % | 45 % |
EBITDA | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Fazla operates as a technology and engineering firm focused on holistic waste management, tracing its origins to 2016 when it was established by CEO Olcay Silahlı and CTO Arda Eren. Silahlı’s motivation stems from a childhood observation of large-scale food disposal and a later-developed passion for social entrepreneurship aligned with the United Nations' Sustainable Development Goals. Eren contributes a deep technical background in computer science, driving the company's technological infrastructure. The company began its initial operations in 2017, securing recognition as the first Turkish startup to be supported by the United Nations Development Programme (UNDP).
The company has developed a comprehensive B2B digital platform that enables businesses to manage and recover value from surplus products, extending beyond food to include packaging, textiles, and chemicals. Its client roster features prominent multinational corporations and retailers such as Metro, Migros, Nestlé, and Danone. The platform functions by applying the principles of the food recovery hierarchy, which prioritizes waste reduction at the source and then finds the next best use for any surplus.
Fazla's core offering is a cloud-based system that helps partners manage unsold inventory through several channels. An AI-based algorithm analyzes product data—including SKU, location, and expiration dates—to determine the optimal path for surplus goods. These paths include discounted resale on a secondary B2B marketplace, donations to food banks for social impact and tax advantages, conversion into animal feed, or recycling into biogas for energy production. For its partners, Fazla provides detailed, real-time analytics and reporting dashboards. These tools offer insights into waste generation, enabling companies to make data-driven decisions to improve forecasting and reduce surplus at its origin. A notable product is the 'Smart Scale System,' designed for professional kitchens to measure and analyze food waste to reduce operational costs. The business model generates revenue through its comprehensive management services, creating a circular economy system that provides financial returns for its clients while addressing significant environmental and social challenges.
Keywords: waste management, food recovery, circular economy, surplus inventory, B2B marketplace, food technology, carbon emissions reduction, sustainability consulting, data analytics, food donation platform, recycling solutions, social enterprise, supply chain optimization, waste reduction, AI-based logistics, impact reporting, asset recovery, surplus management, end-to-end traceability, Smart Scale System