Kavaken raises $1.1M to redefine the way the renewable industry runs

We are thrilled to announce that Kavaken, a Rockstart Energy portfolio company, has successfully raised $1.1 million in a Seed Round to revolutionize the renewable energy industry. Kavaken’s innovative SaaS platform is set to redefine how renewable energy plants are operated, financed, and insured, driving efficiency and sustainability across the sector.

Kavaken attracted investment from several notable venture capital firms alongside Rockstart, including Vestel Ventures, Norrsken, Founderone, and 2040VC. The round also saw participation from existing investors such as Bogazici Ventures and Re-pie, along with industry figures Yetik Kadri Mert, Olcayto Yigit, and Samuel Jaudel.

Bora Tokyay, Cofounder and CEO of Kavaken, expressed his enthusiasm for this milestone:

“This successful funding round underscores the confidence investors have in Kavaken’s vision to revolutionize the renewable energy sector through a scalable and individualized approach to assets. With this support, we are well-positioned to further develop our platform and expand our presence across the UK and Europe.”

Murat Yilmaz, Cofounder and COO of Kavaken, highlighted the transformative potential of their platform:

“Our goal at Kavaken is to drive efficiency and sustainability across the renewable energy sector. This investment will enable us to accelerate our efforts in product development and expand our footprint, ultimately facilitating the transition to a cleaner, more sustainable energy future.”

Max ter Horst, Managing Partner of Rockstart Energy Fund, also commented on the investment:

“At Rockstart Energy Fund, we are committed to supporting disruptive technologies that have the potential to reshape the energy landscape. Kavaken’s unique platform holds immense promise for transforming how renewable energy plants are managed, financed and insured, and we are thrilled to be part of their journey.”

Headquartered in Newcastle, UK, Kavaken is strategically positioned at the forefront of innovation in renewable energy asset management. The proceeds from the Seed Round will be allocated towards expanding Kavaken’s presence in the UK and European markets, as well as advancing product development initiatives to enhance their offerings.

At Rockstart, we are proud to support Kavaken in their mission to drive sustainability and efficiency in the renewable energy sector.