By Gloria Methri
January 25, 2024
- AI-powered solution
- Asset Management
- Axyon AI
Axyon AI, an Italian AI FinTech company, has closed its latest funding round led by US-based Montage Ventures and supported by Techshop SGR, alongside other angel investors. This round marks a new chapter in Axyon AI’s journey to revolutionize the asset management industry through technology.
THE 3.9 million euros The capital injection will catalyze Axyon AI’s business expansion and technology development initiatives, thereby driving innovation. The financing round will provide 2.3 million euros of new liquidity, with the remaining 1.6 million euros secured by the conversion of bonds issued in 2022. These bonds were subscribed by the Rilancio Startup fund by CDP Venture Capital, ING Ventures and UniCredit, among others.
Since its founding in 2016, Axyon AI has provided advanced AI-based predictive solutions. By integrating AI-driven insights and active indices, FinTech enables asset managers to navigate complex market dynamics with greater precision and insight.
Daniele Grassi, CEO and co-founder of Axyon AI said: “This fundraising, reinforced by the partnership with Montage Ventures and Techshop, constitutes a significant step forward. Their confidence in our vision and their extensive support are essential to our accelerated growth. This investment ushers in an era of innovation and business expansion at Axyon AI, and I look forward to working toward our vision of providing the most accurate and reliable AI solutions for investment management.
Todd Kimmel, managing director of Montage Ventures, expressed his views by saying: “We believe that asset allocation is going through a transformation phase and that AI will play a central role in shaping its future. Axyon AI is well positioned to capitalize on this opportunity by leveraging its industry-leading technology to deliver alpha opportunities through AI-driven asset rankings and modeling strategies across their preferred asset classes. Our investment in Axyon AI demonstrates our belief in the transformative power of AI in the financial sector and our confidence in the company’s ability to execute.
