Geofund: From product to commercial deployment through the IAGi Accelerator

‍A growing challenge to solve

As airlines increase their use of SAF, the operational complexity behind it grows too. Last year, IAG increased its use of SAF by 79% compared with 2024. But behind every batch of SAF is a large volume of certification and compliance documentation, often received in different formats and requiring extensive manual validation.

As SAF use scales, airlines face a growing challenge: how to manage, validate and report this information efficiently.

For Geofund, this was exactly the type of problem the company had been built to solve.

Founded in 2024 and based in Washington DC, the company develops traceability software that helps organisations manage complex fuel documentation and reporting across thousands of PDFs and Excel files.  

“We had all the building blocks, but we didn’t yet know exactly how airlines needed them put together,” says Dennis Quinn, co-founder of Geofund.

“We knew airlines had this issue with the volume of SAF documentation, but we wanted to get ahead of it and understand exactly how we could help.”

That opportunity arrived unexpectedly through a climate technology Slack community, where a message from the Geofund team caught the attention of a member of the IAGi Accelerator team.

“From there, the people at IAGi just made it happen,” Quinn says. “They spotted our message, understood the problem we were trying to solve and very quickly connected us with the right people inside the organisation. Within weeks, we were demoing the platform.”

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From kick off to full deployment in four months

Working directly with IAG's sustainability teams helped Geofund understand the practical details of how a large airline group handles SAF reporting.

“The IAG teams showed us how they handled the reporting process, validated the data and allocated it across operations. We could then take that away, refine the platform and come back with improvements.”

For Quinn, one of the most valuable aspects of the collaboration was the speed at which it progressed.

“In other situations, getting to this point can take months of conferences, meetings, lunches and introductions,” he says.

“What was different here was how quickly IAGi understood the opportunity and helped connect us with the right people to move things forward.”

Geofund began working with IAG in October 2025. By February 2026, the platform was supporting regulatory submission processes. Within six months, the collaboration had resulted in a multi-year commercial agreement.

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Turning operational insight into product innovation

SAF documentation is highly detailed and variable. Each batch is supported by certificates containing information on fuel production, supply and compliance. Historically, much of this information required manual extraction and validation.

Working alongside IAG teams, Geofund refined its platform to streamline and structure this process, saving a significant number of work hours and ensuring processes can rapidly scale. “You can just drag and drop your documents into the system, and we do the AI extraction and process all the information. We also do a lot of validation and checks and balances,” says Geofund founder and CEO Logan Soya.

Beyond document management, the collaboration also focused on supporting regulatory reporting obligations. The information extracted from certificates is combined with operational data for regulatory reporting, such as the EU Emissions Trading System (ETS) submissions, often within tight timeframes. The direct feedback provided by IAG helped Geofund develop new functionality, including one-click ETS reporting capabilities.

“The Geofund solution is already saving a huge amount of time in processing and validating SAF certificates,” says Eva Gutierrez Perez, EU SAF Manager at IAG.

"As SAF volumes grow and production pathways become more diverse, we are fully prepared to handle documentation efficiently and at scale."

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Putting the product to test

For Geofund, the value of the accelerator was not simply access to a potential customer. The programme provided access to subject matter experts across multiple airlines. “That made a real difference in moving from an initial product to a fully working solution,” Quinn says,. “We had access to people who spent many hours testing our product, which allowed us to improve it further.”

The result was not only a solution deployed within IAG, but also a stronger product overall.

“We’re both second-time founders, and a lot of the more experienced entrepreneurs overlook accelerators,” Quinn adds.

“But the IAGi Accelerator can help you make a platform like ours work seamlessly with one of the world’s largest airline groups. We already had a product, but participating helped us adapt, improve and perfect it for successful use within the Group.”

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Looking ahead

Geofund joined the programme with an existing product and a clear view of the problem it wanted to solve. What they gained through the IAGi Accelerator was the opportunity to test, refine and develop their platform within a real-world airline environment, alongside the teams responsible for the processes it was designed to support.

Both organisations benefited: IAG gained a solution to help manage a growing operational challenge, while Geofund strengthened its product and secured a long-term commercial partnership. The next stage of the partnership includes exploring new use cases and functionality to expand the scope of the solution.  

For start-ups looking to apply their technology to complex industry challenges, you can learn more about the IAGi Accelerator at www.iaginnovation.com/accelerator