Webidoo has closed a $25 million funding round led by Fondo Imprese per la Crescita 3 (IXC3), managed by Azimut Libera Impresa SGR, as the company looks to deepen its push into AI software for small and medium-sized businesses.
The company said the new capital will be used to develop its AI Operating System, designed to help SMEs address technological fragmentation and apply artificial intelligence more directly to day-to-day operations. Webidoo has already launched AI-based products including Groow, Jooice and Welpy, which are used by companies in Italy and abroad.
The round will also support international expansion, with a particular focus on the US market, alongside a strategic M&A plan targeting SaaS and marketing technology companies.
With this financing, Webidoo said it has raised more than $30 million to date, including a 2021 round backed by 8a+ Investimenti and TIM Ventures, which continue to support the company.
The company said the new capital will be used to develop its AI Operating System, designed to help SMEs address technological fragmentation and apply artificial intelligence more directly to day-to-day operations. Webidoo has already launched AI-based products including Groow, Jooice and Welpy, which are used by companies in Italy and abroad.
The round will also support international expansion, with a particular focus on the US market, alongside a strategic M&A plan targeting SaaS and marketing technology companies.
With this financing, Webidoo said it has raised more than $30 million to date, including a 2021 round backed by 8a+ Investimenti and TIM Ventures, which continue to support the company.