LVenture Group S.p.A. (BIT:LVEN) announced a private placement of 1,967,213 common shares at €0.61 per share for gross proceeds of €1,199,999.93 on May 9, 2018. The round will include participation from returning investor, Libera Università Internazionale degli Studi Sociali Guido Carli, Endowment Arm which will acquire 4.5% stake in the company and Elettra Investimenti SpA (BIT:ELIN) for €80,000. The board of directors of the company approved the transaction.