Tundr, a startup that simplifies the management of corporate welfare for businesses and employees, announces that it has closed a EUR 7.2 million seed round led by 360 Capital, through the 360 Digitaly fund, supported by CDP Venture Capital with the Digital transition Fund – PNRR. Also participating in the round are Azimut Libera Impresa SGR 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 Tundr’s board of directors.
The investment will allow the startup to strengthen its presence in the Italian market, further expanding its customer base and continuing the development of new products. The startup, launched in 2022 by Giorgio Seveso, Jules Arthur Sastre and Luca Milesi, has offices in Milan and Lecce and a team of 30 people. Tundr stands out on the corporate welfare scene for its Tundr Card, which can be used on the Mastercard circuit at over 70,000 points of sale, in compliance with the current regulatory framework and the directives of the financial administration. It is no coincidence that it is the first fintech to have joined AIWA (the Italian corporate welfare association) with the aim of promoting and supporting the growth of corporate welfare in Italy.
Tundr allows companies to activate welfare plans with simplicity, flexibility and without bureaucracy. The solution ranges from the management of fringe benefits such as vouchers, fuel and shopping, via Tundr Card to more structured flexible benefits such as supplementary healthcare, pension, education or mobility, for the first time integrated on the same app. Thanks to an intuitive and user-friendly experience, the platform has already exceeded EUR 20 million in welfare credits disbursed, with utilisation rates exceeding 95%. In less than two years since its market launch, it has become the reference for over 400 companies operating in the logistics, human resources, fashion, e-commerce and manufacturing sectors.
Tundr has developed a new and unique welfare model that involves the entire supply chain: people, customers, suppliers and other stakeholders to build an ecosystem based on social and environmental sustainability. The start-up, in fact, identifies the ESG parameters of the suppliers where welfare credits can be used, choosing those committed to responsible practices.
Giorgio Seveso, CEO and co-founder of Tundr (pictured), comments in a note: ‘Today more than ever, corporate welfare gives shape and value to the context in which we work and live. It is no longer an ancillary benefit, but a powerful strategic tool to project the bond between people and companies into the future. In a rigid and inefficient market, we have made the welfare experience truly affordable and 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 our product offering with a simple vision: to make benefits accessible to everyone, anywhere, anytime.”
Lucrezia Lucotti, partner at 360 Capital, adds: ‘Corporate welfare has been the scene of innovation in several European countries in recent years thanks to the emergence of fintech and digital solutions. Today, the time seems to be ripe enough for Italy to take the same path. We are happy to be able to support a fast-growing company like Tundr, which has shown that it is able to establish itself on the market quickly and with far fewer resources than its domestic and international competitors.”
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