Funded Startups in Milan
Milan’s most recent funded rounds shown here span 2023-11-27 (Sendabox, $6M) through 2025-11-19 (Klaaryo, $2M).
Milan’s most recent funded rounds shown here span 2023-11-27 (Sendabox, $6M) through 2025-11-19 (Klaaryo, $2M). The disclosed-size distribution is dominated by one outlier: fnm’s $1.2B round dated 2025-07-22 sits far above the rest of the disclosed amounts (the next-largest disclosed figures are $98M for NanoPhoria on 2025-10-12 and $20M for both Chiron Energy on 2024-09-26 and Hlpy on 2024-09-24). Multiple clusters appear in the mid-to-late 2024 window, with several sizable rounds in September 2024 (e.g., Chiron Energy $20M on 2024-09-26; Hlpy $20M on 2024-09-24; Ephos $9M on 2024-09-23).
Sector and classification mix also stand out: Artificial Intelligence (AI) appears in 7+ entries (e.g., Lexroom.ai $19M on 2025-10-02; Cardo AI $15M on 2024-11-20; smartFAB undisclosed on 2024-07-01), while “Series Unknown” occurs in 10 entries and “undisclosed” disclosed amounts appear in multiple rows (e.g., Serenis Health on 2025-10-02 is undisclosed). Stage-wise, “Seed” repeats often (e.g., Klaaryo $2M on 2025-11-19; Cyberwave $8M on 2025-10-07; Hotiday $6M on 2025-05-06), but larger cheques also show up in Series A/B (NanoPhoria $98M on 2025-10-12; Contents.com $18M on 2024-01-08).
Most recent rounds
50 shownRelated listings
Frequently asked
What is the largest disclosed round in this Milan list, and how does it compare to the next-largest disclosed amounts?
The largest disclosed amount is fnm’s $1.2B round dated 2025-07-22. That dwarfs the next-largest disclosed amounts: NanoPhoria at $98M on 2025-10-12, followed by several $20M rounds such as Chiron Energy ($20M on 2024-09-26) and Hlpy ($20M on 2024-09-24).
Are there date clusters where funding activity concentrates within this Milan set?
Yes—September 2024 is notably active with multiple large disclosed rounds, including Chiron Energy ($20M on 2024-09-26), Hlpy ($20M on 2024-09-24), Ephos ($9M on 2024-09-23), and AideXa ($17M on 2024-06-12, slightly earlier but still within the same dense 2024 period). The list also includes many late-2025 entries (e.g., Klaaryo on 2025-11-19 and CommerceClarity on 2025-11-13).
Which sector appears most often, and how is it distributed across disclosed amounts?
Artificial Intelligence (AI) appears across at least 7 entries, ranging from mid-size disclosed rounds to major outliers: Lexroom.ai raises $19M on 2025-10-02, Cardo AI raises $15M on 2024-11-20, and smartFAB is undisclosed on 2024-07-01. The AI presence spans multiple stages, including Series A (Lexroom.ai, Cardo AI) and Seed/undisclosed classifications (smartFAB on 2024-07-01).
How often are amounts not disclosed or rounds labeled “Series Unknown,” and are these concentrated in specific entries?
“Series Unknown” appears in 10 of the 50 rows (e.g., One Trading, undisclosed on 2024-09-17; Dog Heroes $6M on 2025-10-08; Planeat.eco $3M on 2025-07-07). Separately, “undisclosed” amounts show up in multiple rows, such as Serenis Health on 2025-10-02 and Actiongrid / DrGuido on 2025-09-17, indicating classification and disclosure gaps rather than a single isolated case.
Which entries sit at the extremes on disclosed amount, and what makes them distinct?
At the low end, the smallest disclosed amount shown is $100K for Estyl (Pre-Seed) on 2025-02-10. At the high end, fnm’s $1.2B on 2025-07-22 is a clear outlier in size, standing far above other large disclosed rounds like NanoPhoria’s $98M on 2025-10-12.
What stage mix dominates, and do larger checks align with specific stages?
Seed is a frequent stage label in this set (e.g., Cyberwave $8M on 2025-10-07, Hotiday $6M on 2025-05-06, and Klaaryo $2M on 2025-11-19). Larger disclosed rounds also cluster in higher stages: NanoPhoria is Series A at $98M on 2025-10-12, while Contents.com is Series B at $18M on 2024-01-08 and qomodo is Series A at $14M on 2025-01-20.
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