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Venture

Z_One Fund closes €35M first round to back Italian pre-seed startups

Monday, October 26, 2026 · first reported by Tech Funding News and 1 other

Z_One Fund, an Italian venture fund run by Eureka! Venture SGR, has held a first close at more than €35 million (EU-Startups) against a €60 million target. Tech Funding News gives the first-close figure as €35 million.

Investors include CDP Venture Capital SGR through its Fondo Acceleratori 2, Zest, Fondazione Compagnia di San Paolo, Lazio Innova via a parallel Lazio fund, and private investors. The fund backs pre-seed and seed startups in AI applications and UrbanTech, with initial cheques up to €250k. Luigi Capello leads it with partners Giulio Montoli and Giulia Fazzini.

Fund
Z_One Fund
Size
$38M
Stage
First close
People
Luigi Capello
Asset class
Venture
Geography
Europe

The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.

Coverage

2 sources