NEWSROOM

While areas such as climate technologies, water technologies and green energy stand out as sectors in the focus of investors on the threshold of the transition to a sustainable economy, one of the last investments of 2023 in Turkey came in this field. A private equity firm invested in a company developing sustainable biotechnology solutions.

TURKEY - As the effects of climate change manifest through extreme weather events, access to water problems, and droughts, the focus of private equity firms and angel investors has also shifted towards transitioning to the green economy. Investors have taken action to add initiatives and technologies that support the circular economy to their portfolios. In this context, one of the last investment news of 2023 in Turkey came from the field of water technologies. Baktek, a leading sustainable biotechnology company with patented technologies and efforts to ensure basic parameters, has been awarded by various institutions, including the European Commission, and received an investment from the PCP Technology Opportunities Fund, a prominent private equity firm focusing on investments in Turkey.

The need for water technology solutions is increasing

Alp Taşan, the Co-Founder and CEO of Baktek, a company that develops solutions that can be integrated into places such as oil separators, wastewater pipelines, packaged wastewater treatment systems, and wastewater treatment plants to prevent environmental damage caused by the discharge of wastewater into central systems and promote water reuse, made the following statement regarding the investment:

“In our journey with the vision of minimizing the harm caused by wastewater to our world, we are already contributing to sustainability in many places with our advanced technologies. With the investment we have received, we will accelerate Baktek's expansion efforts and continue to prevent the indispensable water loss for the life of all living beings.”

Used by more than 100 companies

Alp Taşan, emphasizing that Baktek develops sustainable biotechnology solutions and provides more effective wastewater treatment compared to traditional practices with patented technologies, stated, "Our products such as BioGuy and BioSea, which are characterized by minimal maintenance requirements, energy efficiency, and plug-and-play ease of use, powered by IoT technology, are used in dozens of locations, including industrial areas, hotels, shopping centres, restaurants, hospitals, water distribution companies, homes, and offices. More than 100 companies in Turkey and abroad prefer Baktek's solutions.