Vircon Legal advised Faradai on its post-seed round backed by Edenbase and Ethereum Ventures.
Faradai is an energy intelligence platform that helps enterprises monitor, optimize and decarbonize their energy consumption through real-time data, AI-driven analytics and sustainability reporting; the platform accelerates net-zero pathways for global enterprise clients across industrial and commercial portfolios. The product sits in the higher-value tier of climate-tech: enterprise software where the buyer is sustainability and operations leadership, the budget is durable, and the value proposition can be measured in both cost savings and regulatory reporting compliance.
Enterprise climate and energy intelligence has consolidated into one of the most strategically important climate-tech categories, driven by EU-aligned carbon-border mechanisms, mandatory ESG disclosure regimes and rising energy-cost volatility that have all shifted decarbonization from a CSR initiative to a board-level operating priority. Türkiye’s combination of a large industrial buyer base and a deep pool of engineering talent in IoT, data and AI has produced a credible cluster of enterprise climate-software builders. Post-seed financing in this category is the right stage to convert reference enterprise deployments into a repeatable international sales motion.
Edenbase is a London-based deep-tech investor at the intersection of sustainability and Web3; Ethereum Ventures backs strategic infrastructure plays — together placing Faradai at the climate-tech meets on-chain coordination junction with international capital and ecosystem access. The composition of the round gives Faradai both the international distribution profile of a London-based deep-tech investor and optionality around on-chain coordination layers as enterprise carbon-accounting standards continue to evolve.
Author
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View all postsMümtaz is the Managing Partner of Vircon Legal, which he founded in 2016. He advises founders, investors and operators on financing rounds, M&A, cross-border incorporations and regulated verticals — including crypto-asset infrastructure, fintech and games — bringing a former startup founder's perspective to every engagement.