French sustainable savings startup, Goodvest, has recently disclosed a successful €10 million financing round. This investment will empower the burgeoning company to expand its services and fortify its selection criteria.
The financial due diligence for this funding operation was efficiently executed by 2CFinance’s Transaction Services team, led by Jacques Haccoun, Julien Solyjan, and Salim Louanjli.
Established in 2018 by Joseph Choueifaty and Charles Gorintin, Goodvest stands out as a French fintech entirely dedicated to eco-responsible investment. Garnering the support of over 5,000 French individuals, the startup presently provides three key products:
Goodvest has secured €10 million in funding from prominent funds and business angels such as Ring Capital, Polytechnique Ventures, and ALM Innovation/AG2R. This financial boost will propel the company’s growth, anticipating the launch of new products in sustainable real estate, private equity, and corporate securities accounts by 2024.
Scientific and Responsible Investment Methodology:
Since its inception, Goodvest has meticulously evaluated over 1,000 investment funds based on stringent environmental criteria. The objective is to select only the most virtuous funds, ensuring genuinely sustainable and responsible investments for clients.
For each chosen fund, Goodvest provides detailed fact sheets, offering precise insights into the invested companies. It also discloses information on the climate warming trajectory and the carbon footprint of the portfolio. This methodology undergoes regular reanalysis to continually enhance the performance and environmental impact of Goodvest portfolios.
Increasingly Demanding ESG Criteria:
Alongside expanding its offerings, Goodvest will bolster its extra-financial criteria with this funding. Currently retaining only 5% of funds declaring themselves “sustainable” after analysis, the startup aims to include indicators linked to biodiversity preservation in early 2024. The ultimate goal is to assure customers that 100% of their savings align with sustainable development values and the Paris climate agreements, pledging to exclude all investments in fossil fuels, tobacco, or controversial industries.
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By Proptechbuzz
By Ravi Kumar
