Goodvest, the French sustainable savings start-up, has just announced a €10 million round of financing.This investment will enable the young company to expand its offering and strengthen its selection criteria.
2CFinance's Transaction Services team, including Jacques Haccoun, Julien Solyjan and Salim Louanjli, successfully carried out the financial due diligence required for this fundraising operation.
Founded in 2018 by Joseph Choueifaty and Charles Gorintin, Goodvest is a French fintech 100% committed to eco-responsible investment. They have already convinced over 5,000 French people with a range of responsible savings products. The startup currently offers three products:
- SRI life insurance, with a rigorous selection of sustainable funds.
- A PEA-PME, focused on small French companies in the circular economy and the environment.
- A SRI retirement savings plan (PER), enabling investors to combine future preparation with the social and environmental implications of their investments.
Goodvest has just raised 10 million euros from renowned funds and business angels such as Ring Capital, Polytechnique Ventures and ALM Innovation/AG2R. This financing will enable the company to accelerate its development, with the launch of new products by 2024 in sustainable real estate, private equity and corporate securities accounts.
A Scientific and Responsible Investment Methodology
Since its creation, Goodvest has analyzed over 1,000 investment funds according to strict environmental criteria.
The goal is to select only the most virtuous funds to ensure truly sustainable and responsible investments for its clients.
For each selected fund, Goodvest provides detailed fact sheets, allowing precise knowledge of the companies in which one is investing. It also offers 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
In addition to developing its offering, Goodvest will also be strengthening its extra-financial criteria thanks to this funding.
Today, the startup retains only 5% of funds declaring themselves "sustainable" after analysis, and intends to add indicators linked to the preservation of biodiversity at the beginning of 2024.
The aim? To guarantee its customers that 100% of their savings are invested in line with sustainable development values and the Paris climate agreements. In particular, Goodvest is committed to excluding all investments in fossil fuels, tobacco or controversial industries.
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