Cosmico raises €12M Series B, fully acquires creator agency Flatmates
What's the deal? Cosmico, a Milan-based future-of-work company, has raised €12M in a mix of equity and debt funding. P101 SGR led the round, with existing investor Prana Ventures also participating. Alongside the raise, Cosmico has fully acquired FlatmatesDealroom has a profile for this one. Try Dealroom →, a creator agency operating across Italy, Spain, and the US.
Cosmico had bought a majority stake in Flatmates in 2024 and now holds full ownership. Founded in 2021, Flatmates works with creators and brands on partnerships and content production for clients including DucatiDealroom has a profile for this one. Try Dealroom →, Google, Xiaomi, and Generali.
Why now? Cosmico has evolved from a single-product startup into what it calls a "future of work holding company," with verticals spanning digital talent platforms, the creator economy, employee engagement, and AI-driven team design. The funding and acquisition mark the next phase of that transformation.
The company plans three more acquisitions by the end of 2026.
"Cosmico is no longer a scale-up with a single product: we have become a future of work holding company, with multiple verticals and a growth strategy that also includes strategic acquisitions," said co-founder and chief executive officer Francesco Marino.
What could go wrong? Roll-up strategies — buying multiple companies and integrating them under one roof — are notoriously hard to execute. Each acquisition brings cultural, operational, and technical integration challenges. Three more deals in roughly 18 months is an ambitious pace for a company still in growth mode.
The mix of equity and debt also means Cosmico is taking on financial obligations that require steady revenue to service, adding pressure to deliver returns quickly.
The signal: P101 SGR's decision to lead this round underscores growing investor appetite for roll-up plays in the European future-of-work space, where fragmented service providers — freelancer platforms, creator agencies, engagement tools — are ripe for consolidation. Cosmico's "breakout" growth stage, per Dealroom, suggests the model is gaining traction, but the real test lies in whether bundling creator economy services with AI-driven talent matching can generate the cross-selling economics that justify an acquisition-led strategy.
Read more: startuprise.co.uk
