Cosmico, an Italian IT company focused on the Future of Work space, has acquired Flatmates Srl for $14 million to broaden its footprint and strengthen existing business units. The deal closed on May 18, 2026.
| Deal-at-a-Glance | |
|---|---|
| Acquirer: | Cosmico (IT) |
| Target: | Flatmates Srl (IT) |
| Type: | Acquisition |
| Value: | $14 million |
| Close Date: | May 18, 2026 |
| Buy-side Advisors: | Growth Capital |
| Sell-side Advisors: | Not disclosed |
| Legal (buy-side): | Bird & Bird |
| Legal (sell-side): | Not disclosed |
The acquisition of Flatmates Srl comes as Cosmico, which recently raised €12 million in Series B funding targeting a revenue goal of €40 million for 2026, seeks to expand its market presence. By acquiring Flatmates Srl, Cosmico aims to bolster its offerings in the Future of Work space and enhance its existing product lines.
Deal Mechanics
Cosmico has finalized the acquisition of Flatmates Srl for a cash consideration of $14 million. The deal was advised by Growth Capital on the buy-side, with Bird & Bird providing legal counsel to Cosmico. Details regarding the sell-side advisors were not disclosed.
Strategic Rationale
Cosmico’s acquisition of Flatmates Srl is aimed at broadening its footprint within the Future of Work market and strengthening existing business units. The company, which has been targeting significant growth following a €12 million Series B funding round, sees this deal as an opportunity to deepen its presence in the IT sector.
Financial Context
Cosmico’s recent fundraising efforts highlight a strategic push for market expansion and product innovation. With ambitions set on hitting revenue targets of €40 million by 2026, the Flatmates Srl acquisition supports this broader growth strategy by providing additional resources and expertise in a key segment of the technology industry.
Outlook
The completion of this deal positions Cosmico to further its strategic goals in the Future of Work space. As part of its plan, Cosmico will integrate Flatmates Srl’s operations to enhance product offerings and potentially drive additional growth initiatives in line with its overall corporate strategy.