Danish FinTech Goodwings secures $1.5m to transform green travel for businesses

Danish FinTech Goodwings secures $1.5m to transform green travel for businesses

Goodwings, a Danish startup, is described as a “climate-focussed sustainable SaaS travel management platform” that calls Copenhagen its home.

The recent closing of Goodwings’ late seed investment round brought in $1.5m, according to a report from Tech Funding News. Taking part in the funding were Global Cleantech Capital (GCC), well-known for its investments in Klimato and Tabby, JTB USA, which operates as a US offshoot of JTB Corp and stands among the foremost global travel agencies, and some returning investors.

Goodwings offers an innovative solution to the modern travel conundrum. They have pioneered a method that transforms how businesses assess and lessen their travel footprint, meeting the demands of today and tomorrow.

The fresh influx of funds will be directed towards expanding Goodwings’ worldwide presence. This includes the introduction of new product features tailored to businesses who are mandated to declare their emissions and attain net-zero targets. The partnership with JTB USA holds the promise of substantial growth in clientele and Annual Recurring Revenue (ARR).

Geert de Boo, VP of Global Business Travel at JTB USA commented, “There’s a seismic shift taking place across the travel sector. With sustainability now dominating the corporate agenda, it will be businesses that lead from the front that will reap the benefits.”

Additionally, Paul Kloppenborg, CEO at Global Cleantech Capital stated, “Goodwings is strategically positioned at the intersection of this trend and we feel confident they can dominate this space for years to come”.

Christian Møller-Holst, founder and CEO of Goodwings, expressed his optimism saying, “The market is primed for solutions like ours and we’re excited to see what the collaboration between our two businesses can deliver.”

Notably, Goodwings, established in 2015 by Christian Møller-Holst, has the distinction of being a B Corp certified entity. Over the last year, they have witnessed an impressive surge in subscriptions. This uptick is attributed to businesses gearing up for upcoming legislation and recalibrating their operations to shrink their climate impact.

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