ItalyZest S.p.A. and Eureka! Venture SGR S.p.A. have launched Z_One, a new venture capital fund focused on early-stage startups in artificial intelligence (AI) applications and urban technology (UrbanTech). The fund aims to raise €55 million and make up to 100 investments, primarily in pre-seed and seed stages. Zest will act as the sponsor and advisory company, leveraging its existing deal flow, expertise, and network from its acceleration programs and scouting activities. Eureka! Venture SGR, an independent asset management firm partially owned by Zest, will manage the fund. The leadership team includes individuals previously involved with Zest Investments, ensuring continuity in strategy and operations. Z_One combines Zest’s proprietary deal flow with Eureka!’s experience in managing alternative investment funds for institutional and professional investors.
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