SEIF Invests in AI Start-Up Kikero Inc.

Société Editoriale Il Fatto S.P.A. (SEIF) has signed an investment agreement to acquire 10% of the share capital of Kikero Inc., a U.S. start-up. Kikero, founded by neuroscientist Giulio Deangeli, focuses on enhancing learning speed through artificial intelligence.

The investment amounts to €300,000 over 18 months, with €250,000 in cash and €50,000 in media activities. SEIF retains the option to halt payments if the app's development lags, while still converting prior investments into equity.

This transaction involves related parties, as SEIF's independent director, Giulio Deangeli, holds a 57% stake in Kikero. The Kikero app generates customized mnemonics to improve memorization, targeting global markets and creating potential synergies with SEIF's offerings.