Phoenix Spark reports $280,000 in first year bridging Europe and America
The Verona group set up a US arm in June 2025 to help Italian companies land in America. It says its first year brought 10 clients, a third of them American, hiring it to reach Europe.
Phoenix Spark was incorporated in the United States in June 2025 by Phoenix Group, a Verona consultancy founded in 2008.
The plan was to stop advising European companies on American expansion and start doing the work: company setup, banking, recurring operations, business development, fundraising and technology.
Founder Giulio Fezzi says the group spent more than 17 years watching European firms assemble their own network of lawyers, accountants, banks, recruiters and advisers before crossing the Atlantic.
The company decided the job could not be done remotely. It set up in three US hubs: San Francisco, Houston and New York.
On its own figures, the first 12 months produced approximately $280,000 in revenue. It reports 10 active clients and monthly recurring revenue approaching $30,000.
Phoenix Spark says those numbers can be checked against its management accounts, which it makes available on request.
The client mix is the part the company did not forecast. It expected Italian companies entering America and got a mixture of Italian, Italian-American and fully American clients.
American firms, Fezzi says, are hiring Phoenix Spark to reach the other way: to buy technology, AI and professional services delivered jointly by the US operation and the older European business.
That arrangement pairs relationships on the ground in America with European delivery costs. The company calls the arrangement one counterpart instead of several providers on two continents.
One line of work is what Phoenix Spark calls its AI Factory. The company says it is already building lead generation, business analytics, commercial process automation and customer support applications for US businesses.
The revenue is modest and the client base is small enough to count on two hands. Ten clients producing close to $30,000 a month means an average of roughly $3,000 each per month, so the loss of one or two would show immediately.
For founders eyeing a US move, the useful detail is not the revenue figure. It is the direction of travel: a firm built to sell European companies a route into America found American companies willing to pay for a route into Europe.
Anyone building a cross-border service business might check whether their own demand is pointing the way they assumed.
