Italian Venture Fund Z_One Fund Completes First Closing with Over €35 Million, Focusing on AI and Urban Tech Early-Stage Projects

On October 26, Italian venture fund Z_One Fund, managed by Eureka! Venture, announced the completion of its first closing with commitments exceeding €35 million, against a total fundraising target of €60 million. Investors include CDP Venture Capital's newly established Fondo Acceleratori 2 (its first investment), Milan-listed company Zest, Lazio Innova (participating via a parallel fund), Fondazione Compagnia di San Paolo, and several private investors.

The fund primarily invests in pre-seed and seed-stage startups, with a focus on AI applications and urban tech & smart cities. Initial investments are up to €250,000, with selective follow-on investments of up to €1 million.

[TechFlow]