XBOOKS Raises €1.9 Million to Fuel European Expansion

09 mag 2025 CryptoBooks, Press Release

Bari, April 30, 2025 – XBOOKS, a company specializing in software solutions for the taxation of digital asset investments, has announced the successful closing of a €1.9 million capital raise. This milestone marks a pivotal step in the company’s consolidation in the Italian market and officially launches a new phase of international growth. XBOOKS aims to become a leading European reference point for tax compliance in digital asset investments, serving both B2C and B2B markets, with a growing focus on financial institutions and industry operators.

As more companies begin accepting digital assets as a form of payment for goods and services, the need for accurate and compliant accounting solutions has become increasingly pressing. Furthermore, the emergence of Bitcoin and Ethereum ETFs—providing a secure and regulated entry point into the crypto market—is making digital assets more accessible to a wider audience, including institutional investors. Europe accounts for 17.6% of global cryptocurrency transactions and is home to over 65 million holders, who collectively own digital assets worth approximately $1 trillion. As regulation evolves and adoption grows, investors are actively seeking reliable tools to manage their portfolios in a transparent and compliant manner.

The funding round welcomed the entry of strategic new shareholders, including Enrico Giacomelli and Davide Coletto (co-founder and CTO of Namirial), as well as Stéphane Klecha (Managing Partner at Klecha & Co.). The round was also supported by a select group of funds and business angels, including Primo Capital (lead investor via its Primo Digital, Primo Digital Parallel Italia, and Primo Digital Parallel Sud funds), Vertis SGR (through the “Vertis Venture 6 Digital Sud” fund, partly financed by the European Union – Next Generation EU, and “Vertis Venture 7 Digital Puglia”), Rigel Ventures, Avvio Capital, and Angels4Impact.

This capital injection will be used to accelerate technological development and officially kick off the company’s international expansion, starting with Spain, where XBOOKS acquired thousands of users in Q1 2025. The next step is the Portuguese market, the first stage in a broader European expansion plan that includes strategically selected countries such as Germany and Poland.

"This new growth phase marks a defining moment for our company. The involvement of high-profile investors validates the outstanding work of our entire team, the strength of our vision, and the tremendous potential of our business model. We have ambitious goals and a clear understanding of the market’s evolution—an evolution we intend to anticipate with the upcoming release of new software versions focused on the B2B segment, the addition of new talent to our team, and a targeted internationalization strategy. Our objective is to accelerate XBOOKS’ growth by offering innovative solutions for the taxation of digital asset investments, and soon, traditional financial instruments as well—two worlds that we believe are on a path to increasingly integrated convergence," said Federico Pacilli, CEO of XBOOKS.

The latest news from our network
Follow us on Linkedin.