Lunar Raises €20M in Additional Series B Funding


Lunar, a Nordic challenger bank, raised €20m in an additional Series B funding round now totalling €46m.

The round was led by Seed Capital Denmark with participation from Greyhound, Socii, and Augustinus. In addition to the funding, Ole Mahrt, Monzo’s former head of product, will join Lunar’s board of directors along with David Helgason, founder of Unity Technologies.

The company intends to use the funds to introduce new products and features in all Nordic markets.

Founded in 2015, Lunar is a digital bank that enables more than 150,000 users to control their personal finances. It has secured a banking license in 2019. The company has more than 120 employees in Aarhus, Copenhagen, Stockholm and Oslo. It has received almost €47m in funding to date.



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