Travel management platform Goodwings has secured another $1.5 million in funding from investors to help grow its sustainability-focused products.
The Denmark-based technology company bills itself as a “climate-focused” SaaS (software as a service) platform, which helps organisations to reduce their emissions from business travel “in line with net zero goals”.
Goodwings’ “late seed” funding includes new investments from Dutch “clean economy” fund Global Cleantech Capital and JTB USA, which is a subsidiary of Japan-based global travel agency JTB Corporation.
The company, which was set up in 2015 and is a B Corp certified company, allows corporates to book all their travel within a single platform.
Goodwings then uses its booking revenue to reduce clients’ Scope 3 travel emissions by buying sustainable aviation fuel (SAF) and carbon offsets. It also provides clients with emissions calculations, reductions and data for ESG reporting purposes.
Founder and CEO Christian Møller-Holst said: “The investment and strategic partnership with JTB USA presents a huge growth opportunity for Goodwings. The market is primed for solutions like ours and we're excited to see what the collaboration between our two businesses can deliver.”
The Goodwings platform provides content from GDS, APIs and NDC-based platforms for flights, as well as from GDS and global OTAs Booking.com and Expedia for accommodation. While rail content comes from Trainline and operators such as Germany’s Deutsche Bahn and Amtrak in the US, with plans to increase “these platforms over time”.
Geert de Boo, VP of global business travel at JTB USA, added: “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.”
Goodwings said it had already seen a “huge increase in subscriptions” from clients over the past 12 months as businesses prepare for new legislation and seek to reduce their carbon footprint.