- Cosmico has completed a €12 million Series B funding round led by P101 SGR and has finished acquiring Flatmates two years earlier than planned
- The group reported €24 million in revenue for 2025, a 109% increase over the previous year
- Cosmico plans three more mergers and acquisitions by the end of the year as it works to build a multi-vertical holding company
Cosmico, headquartered in Milan, raised €12 million in a Series B round led by P101 SGR, with continued support from Prana Ventures.
It also completed the full acquisition of Flatmates, an Italian creator-economy agency, after acquiring a majority stake in 2024 and finalising the deal two years early.
The Italian startup, founded in 2020 by Francesco Marino, Simone Tornabene, and Matteo Roversi, runs four main business lines: a talent-as-a-service platform for digital professionals, Flatmates for the creator economy, a creative harbour for employee engagement, and play new, which builds teams of AI-augmented workers.
Cosmico provides corporate clients with access to a network of over 35,000 digital professionals across Italy and Spain. Instead of a typical freelancer marketplace, clients are matched to talent through a managed service. For example, a brand needing both content creators and AI project managers can work with Flatmates and Play New within the same group.
“Cosmico is no longer a scale-up with a single product: we have become a Future of Work holding company, with five verticals today and a growth ambition that also runs through strategic transactions like this one. The €20 million already contracted in the first four months tells the story of a machine moving at full speed: €40 million from organic business is, in turn, the foundation from which we will build the €100 million of 2028,” says Marino.
On the competitive side, platforms like Malt and Worksome run large freelancer marketplaces across Europe, while traditional staffing firms such as Gi Group and Adecco still hold a strong presence in Italy and Spain. Cosmico stands out by focusing on mergers and acquisitions and adding new business areas that cross-sell to the same clients, rather than just increasing the number of freelancers.
“The thesis that convinced us about Cosmico from our very first investment in 2024 was that the market would reward those able to read these dynamics and support workers and corporates in constantly adapting to them. The results of the last two years have confirmed both the soundness of that thesis and the capability of the management team that is putting it into practice — which is why we decided to double down and become lead investor of the Group,” adds Stefano Guidotti, Partner at P101.
The fresh funds will finance three new acquisitions by the end of the year, targeting new business areas and strengthening existing ones in Italy and Spain.
TFN reached out to Cosmico to comment on diversity.