Stripe alumni raise 30M Series A for Duna, backed by Stripe and Adyen execs | TechCrunch
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Stripe alumni raise 30M Series A for Duna, backed by Stripe and Adyen execs | TechCrunch
"Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific " founder factories" - and the money is following. The latest example: business identity verification startup Duna, which just raised a €30 million Series A to become the best-funded European member of the so-called "Stripe mafia." The funding round was led by Alphabet's growth fund CapitalG, which has also backed Stripe since co-leading its Series D in 2016."
"Stripe is not a customer of Duna, Van Lanschot said, but its executives were well placed to understand the opportunity that the startup is seizing, which is reflected in its cap table. The company's angel investors include current Stripe COO Michael Coogan and former executives David Singleton (CTO) and Claire Hughes Johnson (COO). Even Stripe rival Adyen got involved, with CRCO Mariëtte Swart and CFO Ethan Tandowsky joining as angels."
Stripe alumni have founded dozens of startups, creating a concentrated network of founders and follow-on capital. Duna, a business identity verification startup based in Germany and the Netherlands, raised a €30 million Series A led by CapitalG and became the best-funded European member of the Stripe alumni network. Duna was cofounded by Duco Van Lanschot and David Schreiber and serves fintechs like Plaid, improving business customer onboarding and reducing churn from corporate ID checks and fraud prevention. The cap table includes current and former Stripe executives and angels from Adyen. Duna targets long-tail enterprise clients lacking large onboarding resources.
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