Milan-based Cosmico raises €12 million, acquires Flatmates to expand Future of Work platform
Cosmico, a Milan-based scale-up active in the Future of Work space, has closed a €12 million funding round (equity and debt) led by P101 SGR. The round also saw the participation of long-standing investors, including Prana Venture.
The company has also finalised the acquisition of 100% of Flatmates, a creator agency co-founded by Michele Pagani and Marcello Ascani, which applies the Talent-as-a-Service model to the creator economy across Italy, Spain and the USA.
Francesco Marino, CEO and co-founder of the Cosmico Group, said, “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.”
Founded in 2020 by Francesco Marino, Simone Tornabene, and Matteo Roversi, Cosmico is a European scale-up operating in the Future of Work space. The Group’s ecosystem is now organised around four complementary verticals: Cosmico (Talent-as-a-Service for digital professionals), Flatmates (Talent-as-a-Service for the creator economy), Creative Harbour (Community-as-a-Service for employee engagement), and Play New (Talent Process Design for building teams of SuperAgents — AI-augmented professionals). The company states that this architecture will serve as the framework for future acquisitions.
Cosmico indicates that this capital will support the next phase of growth, with three new acquisitions expected by the end of 2026. These include new business units that expand the group’s presence in the Future of Work sector, as well as the strengthening of existing business units through competitor acquisitions. The company’s M&A strategy equally targets Italy and Spain, where the Group is already organised with dedicated operating companies.
Founded in 2021, Flatmates has a roster of more than 60 clients, including Ducati, NordVPN, Google, Xiaomi, Trade Republic, and Generali. The company operates across four business areas: Factory (talent representation), Agency (brand–creator talent matching), Studio (production of original content), and Originals (proprietary editorial channels such as FuoriBrief and Clickbait). The transition to full ownership marks the completion of the process started in 2024 with the acquisition of a majority stake.
“Joining the Cosmico Group at 100% means multiplying the tools and opportunities for the creators we represent and the brands we work with. We share with Cosmico the same mission: putting talent at the centre. For us, this transaction means being able to scale even faster in Italy, consolidate our growth in Spain, and continue to produce content that tells the story of the present and anticipates the future of communication. We can dream big,” said Michele Pagani, CEO of Flatmates.
Cosmico reported that it closed 2025 with €24 million in revenue (+109% YoY), and has already contracted €20 million of sales in the first four months of 2026, of which €1.5 million is in Spain. The year-end target is €40 million in revenue from organic business, to which the three M&A deals in the pipeline will add further contribution. The company’s growth trajectory indicates reaching €100 million by 2028.
It has a community of more than 35,000 digital professionals across Italy and Spain, and over 300 clients. Notable clients include NTT Data, Accenture, Deloitte Digital, Huawei, Scalapay, Publicis Sapient, Capgemini, Inter, Sisal, EssilorLuxottica, Dolce & Gabbana, Levi’s, Facile.it and A2A. It employs around 110 people in Milan and Madrid.
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