Axelera AI raised 50 million US Dollars from CDP Venture Capital, Verve Ventures, Fractionelera, and lead investor Innovation Industries (see here a previous post by BeBeez). The company will invest such proceeds in its organic growth and expansion in USA. The firm previously attracted 27 million euros from Innovation Industries, imec.xpand and Federal Holding and Investment Company of Belgium (SFPIM). Netherland Enterprise Agency (RVO) also awarded Axelera with a grant of 6.7 million US Dollars through an Innovation Credit (Innovatiekrediet) facility. Axlera spun off from Bitfury Group in 2021. Fabrizio del Maffeo (ceo) and Evangelos Eleftheriou (cto) are the company’s founders. Axelera AI also appointed Jonathan Ballon as non-executive chairman, Sander Arts as marketing consultant and aims to hire a vicepresident for global sale, business developers and a team for technical support.
Future Fashion, an Italian startup that developed a 3D platform for creating and tailoring products, raised one million euros from SaaS company Zakeke Group and SICI (Sviluppo Imprese Centro Italia) (see here a previous post by BeBeez). SICI’s investment allowed Future Fashion to receive a 0.5 million financing facility from Banco BPM. Studio Legale Pavia e Ansaldo assisted the company while Zakeke hired Studio Legale Casella e Associati. Andrea Carpineti (ceo), Francesco Carpineti (cco) and Michele Luconi founded Future Fashion in 2017. The firm will invest such proceeds in impementing the Artificial Intelligence in its processes.
Kampaay, a startup platform for events organization, closed its 7.3 million euros round that launched earlier in April and attracted the resources of Milan-listed B-Corp SG Company, 360 Capital and Azimut Libera Impresa (see here a previous post by BeBeez). Kampaay retained FNDX and Linklaters as advisors. Earlier in March, SG Company signed a binding agreement for acquiring a minority of Kampaay through the subscription of a capital increase of up to 3 million. Daniele Arduini (ceo), Marco Alba (cfo), Stefano Brigli Bongi (cmo), and Enrico Berto (cpo) founded Kampaay.
Italian restaurant chain Poke House attracted an undisclosed investment of Red Circle Investments, Eulero Capital, FG2 Capital, and Milano Investment Partners (MIP) (see here a previous post by BeBeez). Matteo Pichi (ceo) and Vittoria Zanetti founded the company in 2018. In 2022, Pichi reportedly said that the company hired Goldman Sachs for raising 100 million euros.
Sound Venture AI Fund, a Los Angeles fund of which Hollywood actorAshton Kutcheris a partner, attracted the resources of Angelo Moratti‘s investment holding Angel Capital Management (see here a previous post by BeBeez). Sound Ventures AI Fund recently closed a 240 million US Dollars fundraising for a total of one billion of assets under management. Sound Venture invested in OpenAI, the owner of ChatGpt, Anthropic and Stability.AI.