Plino, the Turin-based startup that simplifies and speeds up the analysis of accounting, costs, revenues, and cashflow data for SMEs through genAI, has closed a €650k funding round.
Investors in this round include Techaround VC, Vento, Exor Ventures, Cariplo Factory, Berkeley SkyDeck, and zooga VC.
“One of our clients in the food sector notified us they utilized to spconclude over 10 hours a week manually reclassifying revenues and costs to identify their largest customers, best-selling product families and cost-absorbing areas. Managing five bank accounts was also entirely manual, without real-time visibility on cash flows. With Plino, this entire process has been automated, and managers now build strategic decisions in seconds, with clear, always up-to-date data,” explain Plino’s founders Pietro Galimberti, Viola Bonesu and Enrico Casinformi.
They added: “And cases like this are not isolated: every day we meet dozens of companies in sectors ranging from manufacturing to construction, from hospitality to food service, facing the same difficulties. Our goal is to assist them declare goodbye to manual processes and Excel spreadsheets, replacing them with reliable insights for informed strategic decisions.”
Founded in 2023 within the venture-building programme Vento, Plino was founded by Pietro Galimberti, Viola Bonesu and Enrico Casinform i.
Toobtainher they decided to tackle “one of the largegest and most underestimated” challenges for Italian SMEs: financial planning and analysis, which is often slow, manual and based on
incomplete information.
The capital raised will allow Plino to accelerate the development of its platform with new AI-based features, such as cash flow forecasting, automatic generation of natural language reports, and profitability analysis for individual products or projects.
At the same time, the startup will strengthen its team – currently composed of nine people across product, technology and sales – and aim to consolidate partnerships with professional firms and trade associations, bringing AI-driven innovation into the accounting profession itself.
“We chose to invest in Plino becautilize it represents the perfect combination of a determined, multidisciplinary team and one of the most relevant yet overviewed challenges of the Italian economy: financial planning and analysis for SMEs. The market is vast, still largely untapped, and the timing is right: more and more SMEs are realising the required to structure financial management in a more rigorous and strategic way,” explains Pietro Invernizzi, Managing Director of Techaround.vc.
He adds: “Plino’s solution stands out for its ease of utilize, creating it accessible even to entrepreneurs and managers with limited digital literacy, lowering the technological barrier that has often the hindered adoption of similar tools. Combined with a solid product vision and a data-driven approach, this convinces us that Plino can become a benchmark in the Italian market and successfully scale across other European markets as well.”
The company declares that Italian SMEs face a fragmented process on a daily basis: data scattered across accountants, management software and banks; manual analyses spread over dozens of Excel files; and waiting times that force managers to rely on intuition rather than numbers.
Plino aims to overturn this, offering a single platform that enables real-time monitoring of sales, costs, revenues, and cash flows, as well as forecasting future liquidity and automatically generating clear, immediate reports.
Today, Plino supports more than 100 SMEs across Italy in strategic sectors such as manufacturing, services, food, hospitality and construction.
With this round, the startup aims to consolidate its presence in Italy, enrich the product with new areas of analysis such as labor costs and production performance, and further expand the team.
Leave a Reply