Nivogo Receives Investment Over 10M USD Evaluation

Nivogo received a new investment over 10 million USD from Akiş real estate investment trust. The investment will support the technology, employment and branding projects necessary to make Nivogo a circular economy hub. The startup was founded in February 2021 by Arnas Akbaş and Ali Cem Yücebağ. Its journey continues to grow rapidly!

Nivogo offers a sustainable approach to the retail industry focused on fast production and consumption. It is a circular commerce/recommerce startup established to lead the strengthening of the circular ecosystem. It revives products that have not completed their useful life, prolonging their life and bringing them back into the circular economy. Thanks to the "Zero-Waste Retail System" it has created, it circularizes the linear business models of the retail and fashion brands it works with.

Also read: Fintech Startup Param Receives Investment Over $200 Million Valuation

Nivogo Struggles To Be The Best In Its Field

Nivogo has increased the volume of its renovation center 36 times since its opening. Nivogo, with the mission of being the pioneer of change in its field continues to grow with all its partners. Currently, Nivogo owns Turkey's first and largest renewal center with a capacity to renew 100 thousand products per month. In the last 12 months, more than 300 thousand products have been renewed, preventing the use of more than 3 billion liters of water. And it prevented the formation of thousands of tons of carbon emissions. It continues to work for a sustainable world with its team of more than 40 people, mostly women.

Nivogo founding partner Arnas Akbaş stated that with the investments they have received, they are taking firmer steps towards their goals with each passing day: