Italian energy giant Eni and state-linked investor CDP Venture Capital said on Monday that they have together injected in excess of €500,000 into EXE Engineering, a privately held startup, according to a joint statement.
The firms said the fresh capital will be allocated to accelerate EXE Engineering's development roadmap and to support the startup as it seeks to extend its project portfolio into new operating contexts. The funding will also be used to bolster the company's growth trajectory and to explore additional commercial opportunities across a range of sectors, the statement said.
The participation of Eni, one of Italy's largest energy companies, and CDP Venture Capital, a prominent Italian venture investor, was presented by the parties as a substantive endorsement of EXE Engineering's technology and business model. Both investors framed their contribution as financial backing meant to help the company advance its plans and broaden its operational footprint.
Neither Eni nor CDP Venture Capital released details on the precise financial terms of the transaction, and the statement did not specify the percentage ownership each investor will hold in EXE Engineering following the investment. The announcement therefore leaves open several specifics about the deal's structure.
The combined investment was described only as "more than €500,000," without a precise figure attached. The companies indicated that the funds will be directed toward accelerating existing development timelines and toward exploring new business avenues, but they did not offer granular information about which projects or which operating contexts will receive priority support.
The announcement signals direct engagement by a major energy company and a national venture capital arm with an engineering startup, yet it provides limited financial disclosure. Market observers and stakeholders in energy and startup finance will likely note the participation by both an industry incumbent and a public-backed venture investor, even as the lack of detail on terms and stakes means the full scope of the transaction remains unclear.
Sectors mentioned: Energy, venture capital, startups, and unspecified additional sectors where EXE Engineering may expand its activities.