Fintech Company Tundr Closes €7.2 Million Seed Round, Led by 360 Capital and CDP VC sgr

Tundr Tech Corporation srl, a startup that promotes organizational well-being and improves corporate performance by supporting organizations with an e-welfare ecosystem, has closed a €7.2 million seed round led by 360 Capital , through the 3 60 Digitaly fund, and by CDP Venture Capital sgr through the Digital Transition Fund.

Azimut Libera Impresa sgr also participated in the round , through the Azimut Eltif – Venture Capital ALIcrowd III and IV funds ); Vento, Alecla7, Vesper Holding and a group of international business angels including Jean Canzoneri, founder of Ogury, and Carlo Enrico, formerly of Mastercard, who joins the board of directors of Tundr.

Tundr was assisted in the operation by the Gatti Pavesi Bianchi Ludovici firm, while 360 ​​Capital was supported by the Bonelli Erede law firm

This collection follows the one in August 2022, when the startup had collected a pre-seed round of 1.7 million euros, subscribed by Golden Goose CEO Silvio Campara together with Italian and international strategic investors, including industrialist Claude Solarz, active in the eco-responsible recycling sector, and Stéphane Rotenberg , a well-known French TV presenter. In total, to date, the startup has raised over 9 million euros from investors.

Founded in 2022 by the three young people Jules-Arthur Sastre , Giorgio Seveso , Luca Milesi together with the entrepreneur Manuela Ronchi , in the same year the startup was selected among the 50 startups that participated in the growth path offered by Unicredit’s Start Lab platform and was selected among the 4 startups that were part of the second round of A-Road, the acceleration and fundraising program dedicated to scaleups managed by Growth Capita.

Tundr, which has offices in Milan and Lecce and has a team of 30 people, allows companies to activate welfare plans with simplicity, flexibility and without bureaucracy. The solution ranges from the management of fringe benefits (shopping vouchers, fuel and shopping) via “Tundr Card”, usable on the Mastercard circuit at over 70 thousand points of sale, to more structured flexible benefits, such as supplementary healthcare, social security, education or mobility, integrated for the first time on the same app.

Thanks to an intuitive and user-friendly experience, the platform has already exceeded 20 million euros in welfare credits issued , with usage rates above 95%. In less than two years since its launch on the market, it has become the reference for over 400 companies operating in the sectors of logistics, human resources, fashion, e-commerce and manufacturing.

Tundr has developed a new welfare model, unique in its kind, that involves the entire supply chain, people, customers, suppliers and other stakeholders, to build an ecosystem based on social and environmental sustainability. The startup, in fact, identifies the ESG parameters of the suppliers where it is possible to use welfare credits, choosing the companies committed to responsible practices.

The startup is the first fintech to join AIWA (Italian Association of Corporate Welfare) with the aim of promoting and supporting the growth of corporate welfare in Italy

The new resources will now allow Tundr to strengthen its presence on the Italian market, further expanding its customer base and continuing the development of new products.

Giorgio Seveso, CEO and co-founder of Tundr, said: “ Today more than ever, corporate welfare gives shape and value to the context in which we work and live. It is no longer an accessory benefit, but a powerful strategic tool aimed at projecting the bond between people and companies into the future. In a rigid and inefficient market, we have made the welfare experience truly within reach and truly accessible. With Tundr we are building an ecosystem that represents a new standard for the world of work: open, democratic and designed around people. This round will allow us to accelerate growth in the Italian market and expand the product offering with a simple vision: to make benefits accessible to everyone, anywhere and at any time”.

And Lucrezia Lucotti, partner at 360 Capital, concluded: “Corporate welfare has been the scene of innovation in several European countries in recent years thanks to the birth of fintech and digital solutions. Today, the time seems ripe for Italy to follow the same path. We are happy to be able to support a rapidly growing company like Tundr, which has demonstrated its ability to establish itself on the market quickly and with far fewer resources available than domestic and international competitors.”

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(Featured image by Ibrahim Boran via Unsplash)

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