Amsterdam and Berlin-based Duna closed a €30 million Series A funding round led by CapitalG (Alphabet’s independent growth fund), with participation from Index Ventures and Puzzle Ventures. The round brings total funding to over €40 million.
Led by CEO Duco van Lanschot and co-founder David Schreiber—both former leaders at Stripe—Duna is building a “digital passport” for businesses. The platform automates Know Your Business (KYB) and Anti-Money Laundering (AML) processes, enabling enterprises like Plaid and SVEA Bank to achieve 10.6x faster onboarding. This move toward a centralized, reusable trust layer for regulated industries follows the “audit-ready” automation seen in Sinpex’s KYB compliance engine.
Market Signal
- The Network Alpha: Duna is moving beyond “verification as a tool” to “identity as a network.” By allowing verified company data to be shared and reused across platforms with one click, the company aims to eliminate the redundant document exchanges that currently consume 10-20% of a bank’s total operational costs.
- Stripe-Alumni Execution: The founding team’s deep infrastructure roots at Stripe provide a unique “founder-market fit” for solving the internet’s missing identity layer. Backing from CapitalG—which also backed Stripe’s early growth—signals that Alphabet views business identity as the next foundational utility for global commerce.
- The Fraud Velocity Risk: A primary execution hurdle is “Synthetic Sophistication”; as generative AI accelerates the volume and quality of fraudulent business filings, Duna must continuously evolve its auditable AI models to detect deepfake corporate identities without increasing friction for legitimate customers.
Key Details
- Funding: €30M (€40M+ total)
- Lead Investor: CapitalG
- CEO: Duco van Lanschot
- Use Case: AI-native business identity, one-click KYB, and shareable digital passports
