Ughi and Nunziante with The Techshop SGR in €3.9 million round for Axyon AI

Orrick assisted Montage Ventures as lead investor in the €3.9 million round of Axyon AI, a fintech company developing predictive solutions based on artificial intelligence and deep learning to assist corporate asset managers in generating winning investment strategies.

The round, led by the U.S. venture capital firm, also saw the participation of The Techshop SGR, assisted by Ughi e Nunziante, along with other angel investors. The €3.9 million capital injection will catalyse the fintech’s commercial expansion and technological development initiatives, fostering further innovation. The funding round will provide €2.3 million in new cash, with the remaining €1.6 million secured through the conversion of the convertible notes issued in 2022, subscribed by “Rilancio Startup fund” by CDP Venture Capital, ING Ventures and UniCredit, among others.

Orrick’s team consisted of Attilio Mazzilli, partner responsible for the Technology Companies Group department, partner Livia Maria Pedroni, managing associates Ginevra Rebecchini and Gabriele Greco and Camilla Larcher.

The Ughi e Nunziante team was led by Antonello Lupo, assisted by Partner Amon Airoldi and Associate Alessandro Corbò.

Axyon AI was assisted by Filippo Rossi of the Calandra Andreoli Law Firm and Eugenio Burani, partner of Burani & Lancellotti Associated Accountants.

CDP Venture Capital followed the operation with its in-house legal team led by Head Alessandro di Gioia assisted, inter alia, by Debora Perciballi.