Tundr funding news – Milan-based Tundr Raises €7.2 Million in Seed Funding

The round was led by 360 Capital (via its 360 Digitaly fund) and supported by CDP Venture Capital through the Digital Transition Fund – PNRR.

Other investors included Azimut Libera Impresa SGR (via ALIcrowd III and IV), Exor Ventures with Vento, Alecla7, Vesper Holding, and several well-known international angel investors like Jean Canzoneri (Ogury founder) and Carlo Enrico (former Mastercard president for Latin America), who also joins Tundr’s board.

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Giorgio Seveso, CEO and Co-founder of Tundr said, “More than ever, corporate welfare is shaping the world we live and work in, It’s no longer a side benefit—it’s a strategic pillar for how companies connect with their people. In a rigid and inefficient market, we’ve made welfare plans truly easy to use, flexible, and impactful. We’re building an ecosystem that’s open, democratic, and designed around people. This new funding will help us scale faster and make benefits truly accessible—anytime, anywhere.”​

Tundr’s main product is the Tundr Card, a smart welfare card that runs on the Mastercard network and can be used at over 70,000 stores in Italy. It lets employees easily and legally spend their welfare credits, fully following Italian rules.

The platform allows companies to create custom welfare plans in just a few clicks, covering both simple perks like shopping, fuel, and gift cards, as well as more advanced benefits like healthcare, pensions, transport, and education—all managed through one easy-to-use app.

Thanks to its user-friendly design, Tundr has issued over €20 million in welfare credits, with more than 95% of credits being used.

Tundr also checks ESG standards for the places where credits can be spent, encouraging employees to support responsible and ethical businesses. The aim is to build a value chain that benefits not just companies and employees, but also suppliers and communities.

Lucrezia Lucotti, Partner at 360 Capital said, “The digitisation of corporate welfare is a massive, untapped opportunity in Italy—one we’ve seen play out successfully across other European markets, Tundr combines strong execution with regulatory expertise and product focus in a market ripe for disruption. The team has demonstrated the ability to achieve more with less, gaining traction faster than many better-funded competitors.We’re backing Tundr because we believe they’re building the future standard for employee benefits in Italy and beyond.”

About Tundr

Tundr was founded in 2022 by Giorgio Seveso, Jules Arthur Sastre, and Luca Milesi to create a new standard for corporate welfare in Italy. The startup is built on values like connection, social impact, and awareness in the world of employee benefits.

Tundr focuses on putting people first and sees itself as a digital tool that supports positive initiatives, using technology to improve people’s well-being.