Lunar lures investors to raise $249m

Jul 13, 2021 • Edison Fu

Tencent has co-led the digital banking app developer’s series D round, which boosted its overall funding to about $370m.

Denmark-based challenger bank Lunar secured €210m ($249m) yesterday in a series D round co-led by internet and gaming group Tencent, family office Heartland and investment firm Kinnevik.

Chr Augustinus Fabrikker, Fuel Ventures, Greyhound Capital, IDC Ventures, MW&L Capital Partners, Seed Capital, Socii Capital and private investor Peter Mühlmann filled out the participants in the round.

Founded in 2015 as Lunar Way, Lunar has built a digital banking platform with some 200,000 users across the Nordic region. In addition to current…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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