Erguvan

What Erguvan does

Erguvan is a Turkey-headquartered climate-fintech company building two integrated software platforms for environmental markets and enterprise sustainability. Its flagship product, ECM Terminal, is a professional-grade trading workspace for carbon credits, renewable energy certificates, and environmental commodities, offering proprietary pricing models, real-time market intelligence, multi-asset coverage across 5 environmental asset classes, registry connectivity for settlement, and a verified counterparty network of 500+ active participants. The platform reports 550+ institutional users across 34 countries.

Its second product, Azalt, is an enterprise SaaS for ESG compliance and reporting that automates data collection, measurement, target setting, and audit-ready disclosure across TSRS, CSRD, CDP, and SBTi frameworks. Together the two products position Erguvan at the intersection of environmental trading infrastructure and regulatory sustainability software, addressing fragmented market data, limited counterparty access, complex multi-registry settlement, and manual ESG reporting workflows.

Erguvan monetizes primarily through annual subscription licensing for both ECM Terminal and Azalt, supplemented by professional services revenue from custom integrations and enterprise-specific implementations. Pricing is quote-based and not publicly disclosed; go-to-market is a hybrid of consultative enterprise field sales and self-serve demo requests, targeting financial institutions, energy and utilities, corporates, consulting firms, government, and NGOs. The company is venture-backed, having received an investment from Emirates NBD (via Deniz Ventures through the Emirates NBD Innovation Fund) in September 2023, and operates with 11–50 employees out of Sariyer, Turkey.

Name

Erguvan

Legal name

Erguvan

Website

https://erguvan.co

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Erguvan is a Turkey-based climate-fintech operating ECM Terminal, an institutional trading platform for carbon credits and environmental commodities, and Azalt, an enterprise ESG compliance SaaS, collectively serving 550+ institutional users across 34 countries.

Ownership category

akta.pro rank

Product category

Climate and Environmental Markets Software

NAICS

Commodity Contracts Intermediation (523160), Securities and Commodity Exchanges (523210), Custom Computer Programming Services (541511)

SIC

Commodity Contracts Brokers & Dealers (6221), Services-Computer Programming Services (7371)

akta.pro primary industry

Benchmarking, Ratings & Stakeholder Reporting Portals (Scorecards, Dashboards) (EUABAEAJ)

Keywords

• Environmental commodity trading
• Carbon credit platform
• ESG compliance software
• Renewable energy certificates
• Sustainability reporting tools

Headquarters

HQ city

Sariyer

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. ECM Terminal Platform Subscription: Subscription-based access to institutional-grade trading terminal for environmental markets including carbon credits, renewable energy certificates, and environmental commodities. Revenue derived from platform licensing to institutional users.
2. Azalt ESG Software Subscription: SaaS-based ESG compliance and reporting platform with subscription model for enterprise sustainability teams managing environmental performance across regulatory frameworks.
3. Enterprise Custom Integrations: Professional services revenue from custom integrations and enterprise-specific implementations of trading and ESG platforms.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Erguvan builds institutional-grade software infrastructure for environmental commodity markets. Its ECM Terminal provides trading and decision-support functionality for carbon credits, renewable energy certificates, and other environmental commodities, while Azalt delivers ESG compliance, disclosure, and decarbonization planning software aligned with frameworks such as TSRS, CSRD, CDP, and SBTi. Together, the platforms connect buyers and developers of environmental assets with corporate sustainability and reporting workflows.

Product overview

Erguvan operates two distinct platforms for environmental markets and enterprise sustainability. ECM Terminal is the core trading platform providing institutional-grade market intelligence and execution capabilities for carbon credits, renewable energy certificates, and environmental commodities. Azalt serves as the ESG compliance and reporting module, enabling enterprises to measure and report environmental performance against regulatory frameworks including TSRS, CSRD, CDP, and SBTi. Together, these platforms serve 550+ institutional users across 34 countries.

Differentiator

Problem solved

Functional benefit

Brands

• ECM Terminal: Professional-grade trading terminal for environmental markets providing intelligence, negotiation, and execution capabilities for carbon credits, renewable energy certificates, and environmental commodities. Trusted by 550+ institutional users across 34 countries.
• Azalt

Products and services

• ECM Terminal Institutional-grade trading and decision-support platform for environmental commodities, enabling price discovery, execution, and settlement of carbon credits, renewable energy certificates, and other environmental assets, targeted at energy firms, financial institutions, project developers, and investment funds.
• Azalt ESG compliance, disclosure, and decarbonization planning software aligned with TSRS, CSRD, CDP, and SBTi frameworks, supporting corporates and consultancies that must report against multiple sustainability standards.

Quantifiable outcome

• 550+ institutional users trust the platform across 34 countries
• +2 more outcomes

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators4 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Carbonplace: Carbonplace is a carbon credit trading network and post-trade infrastructure provider for institutional market participants, directly comparable to Erguvan's ECM Terminal in providing registry-connected trading and settlement for environmental commodities.
• Patch: Patch provides a carbon credit API and embedded marketplace enabling businesses to integrate carbon offset purchasing into their products, comparable to Erguvan's carbon credit trading and infrastructure layer for environmental commodities.
• Cloverly: Cloverly offers a carbon credit purchasing API and offset marketplace serving enterprises and developers, directly comparable to Erguvan's ECM Terminal functionality for buying, selling, and integrating environmental commodities.
• Persefoni: Persefoni is a carbon accounting and climate management platform for enterprises, directly comparable to Erguvan's Azalt ESG software in enabling audit-ready emissions measurement, target setting, and CSRD/CDP/SBTi-aligned reporting.
• Watershed: Watershed provides an enterprise climate platform covering carbon accounting, reporting, and reduction, directly comparable to Erguvan's Azalt offering for ESG measurement and regulatory-grade sustainability reporting.
• Sylvera: Sylvera provides independent carbon credit ratings, market intelligence, and data for buyers of environmental credits, comparable to Erguvan's ECM Terminal pricing models and asset-class intelligence for carbon and REC markets.

Broad incumbents

• South Pole Group: South Pole is a large climate solutions provider offering carbon credit origination, advisory, and market access, comparable to Erguvan in environmental commodity supply, market intelligence, and corporate sustainability services.
• MSCI Carbon Markets: MSCI provides ESG and climate data, carbon market analytics, and portfolio-level sustainability tools, comparable to Erguvan in serving institutional participants needing carbon and ESG market intelligence and reporting.

Others

• Verra: Verra operates the world's leading carbon credit registry (VCS), a key infrastructure node that Erguvan's ECM Terminal connects to for settlement, making it a critical ecosystem participant rather than a direct competitor.

Regional players

• GreenGold Ray Trading: GreenGold Ray is a Turkey- and MENA-focused environmental commodity trading firm comparable to Erguvan's regional positioning in the Turkish and Gulf environmental markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/erguvanco
• LinkedInlinkedin.com/company/erguvan

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Erguvan