Italy's Tundr raises €12 million Series A for welfare software
What's the deal? Italian fintech startup TundrDealroom has a profile for this one. Try Dealroom → has closed a €11.6 million Series A round, co-led by CDP Venture CapitalDealroom has a profile for this one. Try Dealroom → and 360 Capital. The company builds software to simplify corporate welfare management for businesses and their employees.
Who else backed it? The round drew a syndicate of institutional investors, including Azimut Libera ImpresaDealroom has a profile for this one. Try Dealroom → SGR, Kairos Partners SGR, Banca Sella HoldingDealroom has a profile for this one. Try Dealroom →, and Crédit Agricole ItaliaDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Tundr plans to use the capital to accelerate growth. CDP Venture Capital led through its Corporate Partners I fund, the ServiceTech sub-fund, and the MiSE Co-investment Fund.
The signal: The round ranks in roughly the 35th percentile of comparable deals by size — a mid-sized raise that signals steady, rather than headline-grabbing, momentum for Italy's fintech sector.
Read more: leadersleague.com
Image credit: Tundr
