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Toduba Raises €3.5M in Funding Led by P101 SGR to Expand Product Portfolio and Strengthen Merchant Network.

Jul 21, 202512 days ago

Amount Raised

€3.5 Million

TurinSoftwareInformation Technology

Investors

P101 Sgr

Description

Toduba, based in Turin, Italy, has raised €3.5M in funding led by P101 SGR. The funds will be used to expand its product portfolio and strengthen its merchant network. The company focuses on employee welfare solutions with a digital platform. Founded by Gianluca Enrietti and Bruno Cavigioli, it has over 150,000 active users.

Company Information

Company

Toduba

Location

Turin, Piedmont, Italy

About

Toduba is a company authorised to issue meal vouchers and stands out as the tech provider in the corporate welfare space offering companies a fully digital platform for end-to-end employee welfare management. it leverages a proprietary transactional engine based on private blockchain technology, designed to ensure security, traceability, and maximum flexibility. Benefits can be redeemed cumulatively, fractionally, and even down to the cent, offering a flexible payment solution in the European fintech landscape.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers