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Home FINTECH

Italy’s angels & incubators and venture capital weekly roundup. News from Argotec, NUO, ReFly Group, Agora Labs, P101, Azimut ELTIF Venture Capital P103, and more

Salvatore Brunoby Salvatore Bruno
November 3, 2026
Reading Time: 4 mins read
in FINTECH, ITALY, VENTURE CAPITAL
Italy’s angels & incubators and venture capital weekly roundup. News from Argotec, NUO, ReFly Group, Agora Labs, P101, Azimut ELTIF Venture Capital P103, and more
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Argotec, a firm that David Avino founded, secured a capital increase of 50 million euros from NUO for which Tommaso Paoli acts as ceo (see here a previous post by BeBeez). The company will invest such proceeds in its organic growth and international expansion. Mediobanca and Arma Partners acted as financial advisors. Argotec is already working on launching a 150 million capital increase by 1Q27, as Avino said to BeBeez in July 2025.

ReFly Group, a London-based traveltech startup that Italian entrepreneur Mohamed Eiweada founded in 2024, aims to secure a 10 million euros Series A round that Swiss Investa Partners will lead (see here a previous post by BeBeez). The company will invest such proceeds in its proprieatary 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 (see here a previous post by BeBeez). The Mussetto Family also poured resources in the deal. Agora Labs is part of Horizon Europe‘s programmes PATH (Patient AI Treatment Hub) and AIM-SAFE (A Multi-Agent Framework for Safe, Specialised, and Adaptive Clinical Reasoning) which have resources of 1.14 billion. In 2022, Davide Zaccagnini founded Agora Labs for which Fabio Giulietto acts as director. Stefano Guidotti is a partner of P101. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Programma 103, Azimut ELTIF Venture Capital P103, Programma 103R Digital and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager

E-Plato, a startup that Karandip Singh founded in 2021 and in which invested Milan-listed Smart Capital, attracted 3 million euros from DFF Ventures, MITO Tech Ventures, and Vento Ventures (see here a previous post by BeBeez). The company will invest such proceeds in its proprietary technology and organic growth. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors DFF Ventures, MITO Tech Ventures, Smart Capital, Vento Ventures, and their investments. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager

Cosmico, a portfolio scaleup of P101 and Prana Ventures, acquired Italian head-hunting firm Clutch from Lorenzo Cattelani, Anna Valenti and Federica Riviello (see here a previous post by BeBeez). Cosmico retained Bird & Bird, Ant Capital and UniCredit. Clutch received assistance from DWF and FG2 Capital. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors Cosmico and its investors. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager

Sources said to BeBeez that Ancora, an Italian AI-based accountancy firm, acquired Studio Eldas from Marco Ferrara and Valeria Lucrezia Ferrara and pushed its ARR to one million euros (see here a previous post by BeBeez). Andrea Chirolli is the ceo and 75% owner of Ancora of which coo Andrea Abriani has 25%. Andrea Rusconi is the firm’s founding cto. Chirolli said that he is interested in further acquisitions.

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