Indigo.ai Secures €10M Funding to Accelerate Growth
Deal News | Jan 29, 2025 | Finance Community IT - 3 Private Equity
Indigo.ai, a company specializing in conversational AI solutions for improving customer experience, has successfully raised €10 million in a Series B funding round. The funding is aimed at bolstering the company's local and international growth initiatives. Azimut Group, a prominent player in asset management, wealth management, investment banking, and fintech, participated in this equity round. This raise follows an earlier €2.5 million funding round announced in January 2024. Reflecting significant growth, Indigo.ai reported an 88% increase in recurring revenue by the end of the 2024 fiscal year. Founded by five university students in 2016, Indigo.ai's innovative AI-driven virtual assistants have enhanced customer interaction for major clients across various sectors. The company plans to continue evolving its technological solutions and expand its service offerings with a scalable platform to improve customer engagement.
Sectors
- Artificial Intelligence
- Financial Services
- Information Technology
Geography
- Italy – Indigo.ai is based in Italy and is focusing on strengthening its market presence within the country.
- International – The funding aims to support Indigo.ai's expansion plans into international markets.
Industry
- Artificial Intelligence – Indigo.ai operates by leveraging AI-driven technology to offer virtual assistant solutions to enhance customer interactions.
- Financial Services – Azimut Group's involvement underscores the financial services industry's role in facilitating investment and funding.
- Information Technology – Indigo.ai, by providing technology solutions and software services, is part of the IT sector.
Financials
- €10 million – The amount raised in Indigo.ai's Series B funding round.
- €2.5 million – The amount raised in a previous funding round by Vedrai Group for Indigo.ai.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Indigo.ai | Target Company | Company | An AI-driven company providing virtual assistants to improve customer experience. |
| Azimut Group | Investor | Company | A global asset management and investment firm participating in the funding round. |
| Vedrai Group | Parent Company | Company | The group to which Indigo.ai belongs, previously secured funding for Indigo.ai. |
| Enel, Santander Consumer Bank, Lavazza, Bayer, Telepass, DentalPro, Opyn, Universit Bocconi, Consorzio Netcomm, Pensionati.it, Flou, Unobravo, Satispay | Clients | Companies | Various companies and brands that utilize Indigo.ai's virtual assistant services. |