Axyon AI, a Modena, Italy-based AI fintech company, raised €3.9M in funding.
The funding round will provide €2.3m in new cash led by Montage Ventures with participation from Techshop SGR, alongside other angel investors, with the remaining €1.6m secured through the conversion of the convertible notes issued in 2022, subscribed by the “Rilancio Startup fund” by CDP Venture Capital, ING Ventures and UniCredit, among others.
The company intends to use the funds to catalyse its commercial expansion and technological development initiatives.
Led by CEO Daniele Grassi, Axyon AI is a fintech company that helps uncover alpha opportunities with AI to optimize indices on equities and ETFs and AI-powered asset rankings. By integrating AI-powered insights and active indices, the company enables asset managers to navigate complex market dynamics with precision and insight.
Commenting on the news, Daniele Grassi said: “This fundraising round, bolstered by the partnership with Montage Ventures and Techshop, is a significant leap forward. Their confidence in our vision and extensive support are instrumental to our accelerated growth. This investment ushers in an innovation and commercial expansion era at Axyon AI, and I’m eager to work towards our vision of providing the most accurate and reliable AI solutions for investment management.”
FinSMEs
25/01/2024