Sustainable business travel startup Eco.mio raises 7-figure seed round
Summary
Eco.mio, a Berlin-based B2B startup that helps companies achieve their climate goals and bring travel costs down, has raised a seed funding round it described as in the low seven-figures.The financing is led by IBB Ventures, Identity.vc, and the Hans(wo)men Group, with support from N&V Capital, Partners in Clime and several individual investors.Founded in 2021, Eco.mio said it will use the funding to expand beyond Germany and to add new products for hotels and rental cars and solutions related to CO2 taxation and budgets.The company provides a solution that integrates with existing booking systems to spur employees to choose greener travel options. Partners include Cytric by Amadeus, SAP Concur and BCDs consultancy Advito. Eco.mio said corporate clients using its solution have reduced their CO2 emissions by 26%.This funding allows us to scale our solutions to become a European leader and significantly expand our product range, said Katharina Riederer, co-founder and CEO.With the support of our investors, we will significantly accelerate our vision of making sustainability a core element of every business trip. And said Til Klein, co-founder of Identity.vc, The ability to integrate directly into the existing systems of business customers makes Eco.mios solution extremely valuable. This is a crucial factor for our investment decision.