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Tuum raises EUR25m Series B financing, led by CommerzVentures, to fund product and market development

PRIVATEFeb 06, 2024•over 2 years ago

Amount Raised

$25 Million

TallinnFinancial ServicesFintechLendingBanking

Investors

SpeedinvestCommerz Ventures

Description

Tuum has raised EUR25m in a Series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors, to fund product and market development.

Company Information

Company

Tuum

Location

Tallinn, Harju Maakond, Estonia

About

Tuum is the leading next-generation core banking provider, working with banks to ease their digital transition onto cheaper, flexible systems, with a customer base across 10 countries.

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Predictive Intelligence
Strategic

ML-powered predictions for Tuum's next move

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

Watching Tuum? See every signal — funding, hires, M&A, contracts, sentiment.

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