Xbooks, a company specialising in the development of software solutions for the taxation of investments in digital assets, reports that it has completed a capital increase of EUR 1.9 million. The transaction represents a milestone on the path of consolidation in Italy and officially opens the way to a new phase of growth and internationalisation.
The goal of Xbooks is to become a reference point for tax compliance of investments at European level, both in the B2C and B2B market, extending the offer to financial institutions and industry players.
More and more companies are adopting digital assets as a method of payment for the sale of their goods and services, making the issue of accounting for them increasingly important. In addition, the emergence of Bitcoin and Ethereum ETFs, which offer a safe and regulated way to invest in cryptocurrencies, is making them accessible to an increasingly wide audience, including institutional investors.
The European market accounts for 17.6 per cent of global cryptocurrency transactions and has over 65 million holders holding digital currencies with a trillion-dollar value. Increasing industry regulation and wider adoption are driving investors to seek reliable solutions to manage their assets in a transparent and tax-compliant manner.
The operation saw the entry of new strategic partners, including Enrico Giacomelli and Davide Coletto (co-founder and CTO of Namirial) and Stéphane Klecha (managing partner of Klecha & Co.). Also supporting the project is a select group of funds and business angels, including Primo Capital, lead investor, through the Primo Digital, Primo Digital Parallel Italia and Primo Digital Parallel Sud funds, Vertis 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.
Thanks to this capital increase, Xbooks strengthens its technological development and officially starts international expansion activities, starting with Spain, where it has already acquired thousands of users in the first quarter of 2025. Next steps include entering the Portuguese market, the first stage of a broader expansion plan that will involve other strategically selected European countries, including Germany and Poland.
“This new growth phase represents a key moment for our project. The entry of high-profile investors confirms the extraordinary work done by the entire team so far, the solidity of our vision and the great potential of our business model. We have ambitious goals and a clear understanding of the evolution of the market in which we operate, an evolution that we intend to anticipate with the launch of new versions of our software, focused in particular on the B2B segment, the entry of new talent into the team and a targeted internationalisation strategy. The aim is to accelerate Xbooks’ growth by offering innovative solutions for the taxation of investments in digital assets and, shortly, also for traditional financial instruments: two worlds that, in our opinion, are destined to converge in an increasingly integrated manner in the near future,’ says Federico Pacilli, CEO of Xbooks (pictured with the team).
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