Milan-based fintech startup Tundr, which develops digital welfare solutions, has raised €7.2 million in seed funding led by 360 Capital.
- Founded in 2022 by Luca Milesi, Giorgio Seveso, and Jules-Arthur Sastre, Tundr develops digital solutions that simplify and optimize corporate welfare management.
- Its platform serves both employers and employees, offering flexible, easy-to-use tools to access and manage welfare benefits. Key components include:
- Tundr Card – a versatile card that gives employees access to a wide range of services, from shopping and fuel to mobility and groceries, through one of the largest partner networks in Italy.
- Tundr App – a user-friendly mobile application that lets employees track and use their welfare credits based on their individual needs. To date, Tundr has issued over €20 million in welfare credits, with usage rates exceeding 95%.
- Tundr Web App – an employer-facing platform that streamlines welfare program management and administrative processes.
"From day one, our mission has been crystal clear: to revolutionize the welfare industry for HR teams and employees across Europe. In a space that's always been rigid and outdated, we’re setting a new standard - open, democratic, and people-centric," Tundr's team, commented on LinkedIn.
- Tundr currently supports more than 400 companies across industries such as logistics, human resources, fashion, e-commerce, and manufacturing.
Details of the deal
- The seed round was led by 360 Capital, a Paris- and Milan-based VC that raised €30 million for a new fund supporting early-stage startups driving the digital transition.
- Milan-based asset and wealth management firm Azimut Group, Torino’s Vento, Milan’s VC Alecla7, and Genova-based private holding company Vesper Holding also participated in the round, supporting early-stage startups.
- Tundr will use the €7.2 million seed funding to enhance its digital platform, expand its presence in the Italian market, and scale operations to make employee benefits more accessible and user-friendly.
- The funds will also support the development of a more inclusive and sustainable welfare ecosystem, aligning with regulatory standards and ESG principles.
