About Kavaken
Kavaken is a company based in Newcastle Upon Tyne (United Kingdom) founded in 2022 by Bora Tokyay and Murat Yilmaz.. Kavaken has raised $1.6 million across 2 funding rounds from investors including Rockstart, Vestel Ventures and Norrsken Foundation. Kavaken offers products and services including Predictive Maintenance, Power Booster, Forecast+, Tracker, and Outages. Kavaken operates in a competitive market with competitors including Sennen, EA Technology, QiO, Heatio and Inaccess, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Founders Bora Tokyay, Murat Yilmaz
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.6 M (USD)
in 2 rounds
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Latest Funding Round
$1.1 M (USD), Seed
Jun 26, 2024
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Investors
Rockstart
& 12 more
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Employee Count
Employee Count
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Products & Services of Kavaken
Kavaken offers a comprehensive portfolio of products and services, including Predictive Maintenance, Power Booster, Forecast+, Tracker, and Outages. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Uses AI to predict turbine failures and prevent revenue loss.
Maximizes turbine output through data analysis and alerts.
Improves energy forecasts to reduce costs and boost sales.
Monitors turbine behavior to detect and alert anomalies.
Automates tracking and categorization of turbine outages.
Tracks key metrics to monitor and optimize revenue daily.
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Funding Insights of Kavaken
Kavaken has successfully raised a total of $1.6M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.1M
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First Round
First Round
(26 Apr 2022)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Kavaken | Valuation | Vestel Ventures , Norrsken Foundation | |
| Apr, 2022 | Amount | Seed - Kavaken | Valuation | Bogazici Ventures , Re-Pie |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kavaken
Kavaken has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Rockstart, Vestel Ventures and Norrsken Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and Series A startups are funded by Norrsken Foundation.
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Early-stage startups are accelerated across energy, agrifood, and emerging technologies.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Kavaken
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kavaken
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kavaken Comparisons
Competitors of Kavaken
Kavaken operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sennen, EA Technology, QiO, Heatio and Inaccess, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Renewable energy assets are managed via a specialized platform.
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Asset management platform for renewable energy is provided.
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| domain | founded_year | HQ Location |
AI-driven building energy and asset management software solutions
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Renewable energy management and monitoring system
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Develops Infrastructure for Control & Monitoring
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kavaken
Frequently Asked Questions about Kavaken
When was Kavaken founded?
Kavaken was founded in 2022.
Where is Kavaken located?
Kavaken is headquartered in Newcastle Upon Tyne, United Kingdom.
Who is the current CEO of Kavaken?
Bora Tokyay is the current CEO of Kavaken. They have also founded this company.
Is Kavaken a funded company?
Kavaken is a funded company, having raised a total of $1.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Apr 26, 2022.
What does Kavaken do?
Kavaken was founded in 2022 in Newcastle Upon Tyne, United Kingdom. AI-driven asset management solutions are offered by the company to operators in the renewable energy sector. Equipment is monitored, downtime is predicted, heatmaps are analyzed, maintenance activities are planned, and revenue is tracked through these tools. Operations focus on enhancing efficiency for energy assets across various sites.
Who are the top competitors of Kavaken?
Kavaken's top competitors include EA Technology, Sennen and QiO.
What products or services does Kavaken offer?
Kavaken offers Predictive Maintenance, Power Booster, Forecast+, Tracker, and 2 more products and services.
Who are Kavaken's investors?
Kavaken has 13 investors. Key investors include Rockstart, Vestel Ventures, Norrsken Foundation, Founder One, and 2040 Ventures.