Tundr, an Italian fintech that runs corporate welfare and employee benefit plans, closed an €11.6m (about $13.3m) Series A, Teleborsa reported on 21 September 2026.
CDP Venture Capital joined the shareholder base through the ServiceTech unit of its Corporate Partners I fund. Forbes Italia reported that CDP Venture Capital, 360 Capital and Azimut led the round. 360 Capital and Azimut had both invested in Tundr's seed round.
Kairos Partners, Crédit Agricole Italia and Sella Direct Ventures also took part, alongside entrepreneurs Alessandro Fracassi of Gruppo MOL, Claudio Erba of Docebo, Enrico Mattiazzi of Fiscozen and Paolo Basilico of Samhita Investments. No valuation was disclosed.
“Il welfare aziendale è un mercato che continua a crescere a doppia cifra, dove uno standard digitale non si è ancora consolidato: è esattamente lo spazio in cui vogliamo giocare. Forti della fiducia dei nostri investitori, ci prepariamo a scalare il nostro modello per clienti e partner.”Giorgio Seveso, CEO and Founder, Tundr
What Tundr does
Tundr was launched in 2022 by Giorgio Seveso, Jules Arthur Sastre and Luca Milesi and has offices in Milan and Lecce, according to coverage of its seed round. Companies use it to set up welfare plans for staff, from fringe benefits such as shopping and fuel vouchers to flexible benefits including supplementary health cover, pensions, education and mobility, managed in one app.
Fringe benefits are spent with the Tundr Card, which runs on the Mastercard network and was accepted at more than 70,000 points of sale at the time of the seed round.
The company said it has grown by about 200% a year over the past three years and now manages benefits for 2,000 companies covering more than 100,000 employees. In April 2025 it reported more than 400 corporate clients.
What the money is for
According to Forbes Italia, the new capital will go to commercial expansion and to developing the platform. Tundr wants welfare providers, banks, employment agencies, insurers, labour consultants and payroll companies to build its technology into their own welfare services, turning it into infrastructure for delivering company benefits.
Seveso said corporate welfare was still growing at double-digit rates without an established digital standard, and that this was the space Tundr intended to compete in. He said product updates would arrive in the autumn.
Laura Scaramella, head of the ServiceTech unit at CDP Venture Capital, described the investment as recognition of a young company that was putting its technology to work for the Italian economy and a better-functioning labour market.
Board changes and earlier funding
With the round, Carlo Enrico, an investor and board member since the seed round, became chairman. Forbes Italia reported that he previously worked at Goldman Sachs, Mastercard, Banco di Sicilia and BancoPosta, and sits on the boards of fintechs Pomelo and Verestro.
Tundr's seed round, announced in April 2025, raised €7.2m (about $8.2m). It was led by 360 Capital through its 360 Digitaly fund, with Azimut Libera Impresa, Vento, Alecla7, Vesper Holding and business angels including Ogury founder Jean Canzoneri and Enrico taking part.
BonelliErede advised Tundr on the Series A, while RPLT advised CDP Venture Capital and K&L Gates advised 360 Capital.
Company website: tundr.com