(Finance) – Axyon AIa Modena-based fintech that improves the performance of asset managers by offering them alpha opportunities through asset rankings and strategies based on artificial intelligence (AI), has successfully closed a investment round from 2.1 million euros.
This fundraising, which marks the completion of a financing round for a total of 6 million euros started last December to expand Axyon AI’s innovations for asset managers, saw the participation of the US venture capital firm Green Sands Equity, the Italian holding company Investment Opportunity 1 as well as other angel investors.
The new capital injection will significantly strengthen thecommercial expansion and the technological initiatives by Axyon AI, we read in a note.
“We are very pleased to close this round of financing by strengthening our partnership by welcoming Investment Opportunity and Green Sands Equity – he commented Daniele Grassi, CEO and co-founder – Having a second US-based venture capital investing in an Italian Fintech is tangible testimony to our global potential. This round underlines the shared confidence in our mission to revolutionize the asset management industry and ensures that our business expansion can extend beyond Europe.”