Amsterdam fintech Duna raises €30 million in Series A round

Duna, the Amsterdam-based fintech founded in 2023 that automates business onboarding and compliance using AI, closed a €30 million Series A financing round on 5 February 2026. The round was led by CapitalG, Alphabet's independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated, as did Frank Slootman, chairman of Snowflake.

With this round, Duna's total capital raised exceeds €40 million. In May 2025 the company had already raised a €10.7 million seed round, likewise led by Index Ventures. The proceeds from the new round will be directed towards expanding enterprise functionality, further developing the AI platform, and scaling towards large banks and financial institutions.

Duna has offices in Amsterdam and Berlin and was founded by Duco van Lanschot and David Schreiber, both former executives at Stripe. Van Lanschot was responsible for the Benelux and DACH regions; Schreiber says he led the payment company's largest global business unit.

What Duna does

Duna is building an AI platform that helps companies carry out compliance and verification processes such as KYC (Know Your Customer), KYB (Know Your Business), CDD (Customer Due Diligence) and AML (Anti-Money Laundering). The platform automates the business onboarding of clients and counterparties, a process that has traditionally required considerable manual effort at large financial institutions and is prone to getting bogged down in paperwork and slow verification cycles.

Central to the product is what Duna describes as a digital passport for businesses: a structured, reusable identity profile that can be deployed across multiple institutions. Over the longer term, the company is targeting a shared-identity network, in which a business is verified once and can then use that profile more broadly with banks and other parties.

Customers include Plaid, CCV (a subsidiary of Fiserv), Moss, Bol and SVEA Bank. Duna reports that customers see onboarding speeds improve by more than ten times, that onboarding conversion has risen by 38 percent within six months, and that employees achieve productivity gains of up to 4.8 times. The source of these figures has not been independently verified; they are customer results published by Duna itself.

Investors and background

CapitalG is Alphabet's growth fund and has previously invested in companies such as Stripe, Airbnb and Duolingo. CapitalG's participation in this round marks the fund's first investment in a Dutch AI company, as far as can be determined from publicly available information.

Index Ventures, based in London and San Francisco, is one of the most active European venture funds and already held a position in Duna from the seed round. Puzzle Ventures, a smaller investor specialising in early-stage companies, also participated in the previous round. Frank Slootman is involved as an individual investor; he led Snowflake until his departure as CEO in 2024.

Duna was founded in 2023, meaning the company has completed a Series A round of this size within three years of its founding. That pace is rare in the Dutch startup market, particularly in a segment like RegTech, which has traditionally seen longer sales cycles with enterprise customers.

Use of capital

Duna states it will deploy the funds across three areas. First, further development of enterprise functionality, aimed at larger banks and financial institutions with more complex compliance requirements. Second, improving the auditability and transparency of AI-driven decisions within the platform, a factor that carries significant weight for financial regulators and large institutions. Third, scaling the platform itself, both in capacity and in the number of supported jurisdictions.

Specific details regarding headcount growth, new markets or product releases have not been announced at this time. Duna has shared the broad outlines on its own website and via press releases, but concrete milestones for 2026 have not yet been published.

Context in the European AI and RegTech landscape

Duna's financing round fits into a broader trend in which European RegTech companies are attracting more substantial capital from international funds. Compliance automation is high on the agenda of banks and fintechs, driven in part by growing regulatory pressure from the EU, including the implementation of the DORA regulation and tightening AML supervision. AI-driven platforms that take over part of this work are consequently drawing the attention of growth funds that until recently invested primarily in the United States.

For Dutch founders and investors, CapitalG's involvement is notable: the fund chose Amsterdam as the base for one of its first direct investments in a European AI startup in this segment. For other Dutch companies in comparable domains, this may signal that international venture capital is increasingly looking to Europe for this type of B2B infrastructure player.