Key Takeaways
- • Argotec secured a 50 million euro capital increase from NUO, with Tommaso Paoli serving as CEO of NUO, to fund organic growth and international expansion, with Mediobanca and Arma Partners as financial advisors.
- • ReFly Group, a London-based traveltech startup founded in 2024 by Mohamed Eiweada, aims to raise a 10 million euro Series A led by Swiss Investa Partners.
- • Italian deeptech Agora Labs raised 4.3 million euros led by P101 through Programma 103, Azimut ELTIF Venture Capital P103 and Programma 103R Digital, with participation from the Mussetto Family.
- • E-Plato raised 3 million euros from DFF Ventures, MITO Tech Ventures and Vento Ventures, with Milan-listed Smart Capital as an existing investor.
- • Cosmico, a P101 and Prana Ventures portfolio scaleup, acquired head-hunting firm Clutch, while AI-based accountancy firm Ancora acquired Studio Eldas and reached one million euros in ARR according to sources.
Summary
BeBeez International's weekly roundup of Italian angel, incubator and venture capital activity covers several financings and acquisitions. Argotec, founded by David Avino, secured a 50 million euro capital increase from NUO, where Tommaso Paoli is CEO. The company will deploy the proceeds into organic growth and international expansion, and Mediobanca and Arma Partners acted as financial advisors. Avino told BeBeez in July 2025 that Argotec is working toward a 150 million euro capital increase by the first quarter of 2027.
ReFly Group, a London-based traveltech startup founded in 2024 by Italian entrepreneur Mohamed Eiweada, aims to close a 10 million euro Series A round led by Swiss Investa Partners. Proceeds will fund proprietary technology, organic growth, marketing and communication.
Italian deeptech Agora Labs attracted 4.3 million euros from lead investor P101 and its vehicles Programma 103, Azimut ELTIF Venture Capital P103 and Programma 103R Digital, with the Mussetto Family also participating. Agora Labs is part of Horizon Europe's PATH and AIM-SAFE programmes, which have combined resources of 1.14 billion. The company was founded in 2022 by Davide Zaccagnini, and Fabio Giulietto serves as director. Stefano Guidotti is a partner of P101.
E-Plato, founded in 2021 by Karandip Singh and backed by Milan-listed Smart Capital, raised 3 million euros from DFF Ventures, MITO Tech Ventures and Vento Ventures to invest in proprietary technology and organic growth.
Cosmico, a portfolio scaleup of P101 and Prana Ventures, acquired Italian head-hunting firm Clutch from Lorenzo Cattelani, Anna Valenti and Federica Riviello. Cosmico was advised by Bird & Bird, Ant Capital and UniCredit, while Clutch received assistance from DWF and FG2 Capital. Separately, according to sources cited by BeBeez, AI-based accountancy firm Ancora acquired Studio Eldas from Marco Ferrara and Valeria Lucrezia Ferrara and lifted its ARR to one million euros. Andrea Chirolli is CEO and 75% owner of Ancora, with COO Andrea Abriani holding 25% and Andrea Rusconi as founding CTO. Chirolli said he is interested in further acquisitions.
ReFly Group, a London-based traveltech startup founded in 2024 by Italian entrepreneur Mohamed Eiweada, aims to close a 10 million euro Series A round led by Swiss Investa Partners. Proceeds will fund proprietary technology, organic growth, marketing and communication.
Italian deeptech Agora Labs attracted 4.3 million euros from lead investor P101 and its vehicles Programma 103, Azimut ELTIF Venture Capital P103 and Programma 103R Digital, with the Mussetto Family also participating. Agora Labs is part of Horizon Europe's PATH and AIM-SAFE programmes, which have combined resources of 1.14 billion. The company was founded in 2022 by Davide Zaccagnini, and Fabio Giulietto serves as director. Stefano Guidotti is a partner of P101.
E-Plato, founded in 2021 by Karandip Singh and backed by Milan-listed Smart Capital, raised 3 million euros from DFF Ventures, MITO Tech Ventures and Vento Ventures to invest in proprietary technology and organic growth.
Cosmico, a portfolio scaleup of P101 and Prana Ventures, acquired Italian head-hunting firm Clutch from Lorenzo Cattelani, Anna Valenti and Federica Riviello. Cosmico was advised by Bird & Bird, Ant Capital and UniCredit, while Clutch received assistance from DWF and FG2 Capital. Separately, according to sources cited by BeBeez, AI-based accountancy firm Ancora acquired Studio Eldas from Marco Ferrara and Valeria Lucrezia Ferrara and lifted its ARR to one million euros. Andrea Chirolli is CEO and 75% owner of Ancora, with COO Andrea Abriani holding 25% and Andrea Rusconi as founding CTO. Chirolli said he is interested in further acquisitions.
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