3 Million Dollars Valuation Investment in Coffee Waste

Wastespresso, which uses coffee waste as raw material for the first time in Turkey and manages coffee wastes of companies with its micro waste management system, received an investment with a valuation of 3 million dollars from the impact investment fund Founder One.

From left to right: Mine Okyay-Cavid Bayramli-Muhammed Gultekin-Ergi Sener- Second row from left to right-Kerem Acar-Sina Afra-Vedat Levi-Ali Sahin

Wastespresso, on its way to zero waste, by regularly managing the micro-coffee waste of businesses that generate coffee waste and transforming these wastes into bio-raw materials with its sustainable technological infrastructure, 3 from Founder One, which invests in Turkey-based impact-oriented initiatives with pioneering ideas. announced that it received an investment with a million dollar valuation.

Wastespresso, a pioneering and innovative company in preventing the damage caused by coffee waste to the world, regularly manages the micro-coffee wastes of the companies and, thanks to its sustainable technological infrastructure, provides cups, flower pots, straws, spoons, panels, spoons, etc. offers a wide variety of biomaterials such as Supporting companies to create a sustainable product portfolio and adapting to environmental policies through sustainable communication with the alternative raw material production and micro-waste management system it has developed, Wastespresso also calculates the carbon emissions of companies in this area and regularly provides this data with the reporting service recognized by international organizations. reports to companies.

Wastespresso : Our goal is to establish a global coffee waste management chain

Wastespresso Co-Founder Cavid Bayramlı said, "More than 2.25 billion cups of coffee are consumed every day in the world and the demand for coffee is estimated to reach 9.8 billion by 2050. 1 ton of coffee waste, 340 cubic meters of CO2 and methane emissions are released. Our goal is to minimize the damage the world suffers from coffee waste by establishing a global coffee waste management chain. Founder One's investment in our initiative, which is a first in Turkey, paved the way for our organization, which we strongly position with promising and sustainable solutions." he said.

Founder One: We are happy to invest in a local startup

Financing early-stage impact initiatives in Turkey with the vision of accelerating Turkey's transformation into a developed country with entrepreneurship, Founder One, Investment Committee Member and General Manager Ali Şahin, like Wastespresso, which manages and upcycles coffee wastes of companies with its micro waste management system. stated that they are very happy to invest in a local startup. Ali Şahin said, “As Founder One, which we established as the Turkish Entrepreneurship Foundation and Turkish Informatics Foundation, with the partnership of Maxis Venture Capital Portfolio Management, we will continue to support initiatives that add value to the society by investing in other areas of influence.”< /h5>

Wastespresso Co-Founder Kerem Acar, on the other hand, stated that the investment from Founder One was encouraging for their initiatives and said; "With this investment, as Wastespresso, we will continue our efforts to establish new production networks, increase our production capacity, improve quality, develop new products for different sectors and reach more coffee waste, which are among our future plans. We plan to expand to countries such as America, Germany and England through collaborations." Acar added that there will be consumer-centered B2C (Business to Customer) investments very soon.

Vedat Levi, one of the Founding Partners of Wastespresso, said, "It is very important for us to have the support of Founder One to innovate, expand our capacity and finance our growth initiatives. As Wastespresso, we are taking strategic steps in the globalization process. Our R&D center is a hub in Turkey. We plan to optimize our operational expenses to enter new markets. We see this investment as an opportunity that will bring us closer to our goals." said.

Wastespresso received an investment of 12.5 million TL from Erciyas Holding in 2020. In May 2023, it received an investment of 3 million dollars from Founder One.

About Wastespresso

Working with more than 30 companies since its establishment in 2020, it has created value from coffee waste and greatly reduced its carbon footprints. Thanks to this solution, the company has prevented the formation of 308,985,000 kilograms of CO2e carbon emissions by upcycling over 500,000 kilograms of coffee waste. Turkey's and the world's leading companies; Türkiye İş Bankası, Decathlon, Ebebek, Nurol Holding, Anadolu Hayat Emeklilik, Türkiye Sınai Kalkınma Bankası, Arzum, Workinton, Yemeksepeti, Philip Morris, Media Markt, Entrepreneurship Foundation, and more than 30 companies, Wastespresso's waste management, raw material and reporting service.

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