Duna, a compliance-first business identity platform, has raised €10.7 million in a seed round led by Index Ventures. The Amsterdam- and Berlin-based startup is rethinking how enterprises onboard other businesses by streamlining compliance while improving customer conversion rates.
Alongside Index, the round attracted an impressive group of global tech leaders including Snowflake's Frank Slootman, Adyen CFO Ethan Tandowsky, former Stripe COO Claire Hughes Johnson, and Notion co-founder Akshay Kothari.
Duna serves enterprise customers like Plaid, Bol, Moss, Sequra, and Brand New Day Bank. Its platform simplifies onboarding for businesses dealing with regulatory frameworks such as AMLD5/6, PSD2/3, DAC7, DORA, and the Supply Chain Transparency Act. Within just six months of integration, some clients have seen conversion rates rise by around 38%.
"Business onboarding used to be a cost center for Plaid. Now, it’s a revenue driver thanks to Duna’s intuitive onboarding flows, compliance automation, and high-end UX," said Zak Lambert, Plaid’s VP EMEA.
Founders Duco van Lanschot and David Schreiber, both early Stripe employees, saw firsthand what it takes to scale compliance infrastructure at a global level. With Duna, they aim to tackle what they describe as one of the internet's biggest unsolved challenges: business identity.
Duna plans to use the new funds to evolve its platform into a broader identity network that enables businesses to "passport" their KYB information across onboarding processes. The goal is to eliminate repetitive verification steps and reduce fraud, fines, and manual work.
"We’re still stuck in the era of spreadsheets when it comes to business identity," said Schreiber. "We’re building a future where businesses do have digital passports – so businesses can identify themselves instantly, securely, and universally."
The company also aims to expand its product and engineering teams and extend its footprint across Europe and North America.
Founded by Schreiber and van Lanschot, Duna's team includes experienced leaders and engineers from Stripe, Adyen, Spotify, and Airbnb. Before Duna, Schreiber held C-level roles at Trade Republic Bank and identity company Fourthline, where he recognized the need for dedicated infrastructure in business identity.
Adyen co-founder Pieter van der Does, now an official advisor, sees parallels between Duna’s mission and Adyen’s early days. "There are many similarities between the level of complexity Duna set out to solve and what motivated us when starting Adyen," he said.
The company is also structured with long-term values in mind. One-third of Duna is owned by a non-profit foundation committed to ensuring that the company's growth positively impacts its customers, employees, and the wider world.
In addition to Index Ventures, Duna is supported by Puzzle Ventures' Gloria Bauerlein and an extensive list of notable angel investors, including former and current executives from Stripe, Adyen, Notion, Qonto, Vercel, Mollie, Personio, Alan, Pigment, Remote, and more.
"Duna has an exceptional team with talent from the likes of Adyen, Stripe and Framer," said Index Ventures partner Jan Hammer. "We’re thrilled to partner with David and Duco as they not only re-imagine business onboarding, but also pursue their vision to become the global identity network."
Bauerlein added: "The question was never if, but when they would found an industry-defining company."
