Lucca (LU), July 30, 2024 – Akeron, a leading revenue excellence enterprise software company from Italy, has announced a significant capital increase, raising a total of €30 million over the past two years. This latest funding round of €12 million will be directed towards advancing Akeron’s strategy of international expansion and artificial intelligence development. Established in the innovative district of Lucca, Akeron continues its growth plan, confirming itself as an ambassador of Made in Italy in the ICT sector.
“The capital increase enables us to accelerate our strategic objectives and industrial plans,” stated Manuel Vellutini, Co-CEO of Akeron. “This marks a new chapter, backed by the unwavering confidence of our investors. Our goal is to to increase the workforce by 50% and triple the revenue in the next four years. Internationalization is the cornerstone of this initiative, providing us with the resources necessary to expedite our global expansion. This international growth enriches our solutions and expands our client community, benefiting all our stakeholders, both internal and external.”
Akeron’s growth trajectory is impressive, driven by its 220 employees and a revenue growth rate more than double the industry average (*Gartner, Enterprise Application software). The company serves over 500 clients, including major names like Fideuram Intesa Sanpaolo Private Group, Lavazza, Decathlon, Segafredo Zanetti, Prada, Randstad and many other companies across the globe. These clients chose Akeron as their supplier of choice for enterprise software solutions to enhance efficiency and drive growth, ensuring the competitiveness and agility needed in today’s market.
With this funding, Akeron aims to raise the profile of its brand and the software platforms (Vulki, Tarko, Kautha), aligning the excellence of Made in Italy not only with traditional sectors like agribusiness, textiles, fashion, and design but also with the IT industry.
The capital increase coincides with a period of significant expansion for Akeron. The company saw nearly a 50% increase in total sales in 2023, thanks to over 70 new customers, and a 96% increase in the first half of 2024. Additionally, the workforce grew by approximately 30% in the past year.
“The additional funding will enable us to innovate even more,” added Marco Pierallini, Co-CEO of Akeron. “Over the past year, we have focused on developing new technologies for mobile apps to simplify software adoption and engagement. To meet the rising demand for AI-based applications, we plan to accelerate the release of new use cases that leverage AI. Our team of technology enthusiasts and business experts is dedicated to fostering a culture of software innovation, which is bolstered by our customer community and the dissemination of cutting-edge technologies.”
This funding round marks another milestone in Akeron’s growth, contributing to the development of the Lucca Valley, a district known for its excellence in digital skills and software production, alongside its heritage in paper and nautical industries.
“We are extremely pleased to support Akeron in this further development process,” concluded Marco Pinciroli, CEO of White Bridge Investments. “We already knew the management team well for having supported them in their previous entrepreneurial experience with Tagetik and we did not hesitate, from the very beginning, to support them in this new project. Akeron is a typical example of our investment target: high-potential Italian companies, with above-market average growth, that need financial support to establish themselves in international markets, also leaving open the possibility of potential acquisitions that we could identify in the coming months. With this new investment round, we want to be still at the side of the entrepreneurs and management at the helm of Akeron, to give them all the financial levers to support expansion without putting limits on growth opportunities.”
