We invest before the path is obvious. When vision, speed and the right support can change the trajectory of a company.

We invest before the path is obvious. When vision, speed and the right support can change the trajectory of a company.

We invest before the path is obvious. When vision, speed and the right support can change the trajectory of a company.

Supported by the European Union under the InvestEU Fund

Hello

Michael Ross, [ VP of Engineering ] at Stripe

PARTNER

Luigi

Capello

A long-standing figure in Italian venture capital, combining deep financial expertise with the entrepreneurial vision that has helped shape the country’s innovation ecosystem.

Hey there

Michael Ross, [ VP of Engineering ] at Stripe

PARTNER

Giulio

Montoli

One of the most senior investors in Italy’s first VC-native generation, with a career built entirely across Pre-Seed investing, acceleration, portfolio development and exits.

Hi

Michael Ross, [ VP of Engineering ] at Stripe

JUNIOR PARTNER

Giulia

Fazzini

One of the youngest women partners at a venture capital fund in Italy. Focus on early-stage and consumer tech. Direct experience across scouting, portfolio and exit management.

Hello

Michael Ross, [ VP of Engineering ] at Stripe

PARTNER

Luigi

Capello

A long-standing figure in Italian venture capital, combining deep financial expertise with the entrepreneurial vision that has helped shape the country’s innovation ecosystem.

Hey there

Michael Ross, [ VP of Engineering ] at Stripe

PARTNER

Giulio

Montoli

One of the most senior investors in Italy’s first VC-native generation, with a career built entirely across Pre-Seed investing, acceleration, portfolio development and exits.

Hi

Michael Ross, [ VP of Engineering ] at Stripe

JUNIOR PARTNER

Giulia

Fazzini

One of the youngest women partners at a venture capital fund in Italy. Focus on early-stage and consumer tech. Direct experience across scouting, portfolio and exit management.

Hello

Michael Ross, [ VP of Engineering ] at Stripe

PARTNER

Luigi

Capello

A long-standing figure in Italian venture capital, combining deep financial expertise with the entrepreneurial vision that has helped shape the country’s innovation ecosystem.

Hey there

Michael Ross, [ VP of Engineering ] at Stripe

PARTNER

Giulio

Montoli

One of the most senior investors in Italy’s first VC-native generation, with a career built entirely across Pre-Seed investing, acceleration, portfolio development and exits.

Hi

Michael Ross, [ VP of Engineering ] at Stripe

JUNIOR PARTNER

Giulia

Fazzini

One of the youngest women partners at a venture capital fund in Italy. Focus on early-stage and consumer tech. Direct experience across scouting, portfolio and exit management.

Our Larger Family

Our Larger Family

eurekaventure.it

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Eureka! Venture SGR

Eureka! Venture SGR

Management Company, responsible for fund management, governance and regulatory oversight.

Eureka! Venture SGR is an independent asset management firm, regulated by the Bank of Italy and Consob, specializing in venture capital and private equity investments.

To date, the firm has raised over 190 million euros through:

Eureka! Fund I – Technology Transfer, dedicated to technology transfer in the advanced materials sector in collaboration with universities and scientific research centers;

Eureka! Fund II – Deep Tech Lazio, dedicated to deep tech;

Z_One Fund and Z_One Fund Lazio, focused on AI and UrbanTech;
and ETA Fund, dedicated to SMEs through the search fund model.

see more

Z_One is an Italian venture capital fund launched in 2026 by Giulio Montoli, Luigi Capello, and Giulia Fazzini, which invests in pre-seed and seed-stage startups, with a focus on AI applications and urbantech & smart cities. Managed by Eureka! Venture SGR S.p.A., with Zest serving as its advisory firm and limited partner, Z_One was established with the goal of bridging the funding gap that characterizes the early stages of the Italian startup ecosystem, offering startups an initial institutional investment and the opportunity to access subsequent follow-on funding.


CDP Venture Capital is the fund’s main INVESTOR, alongside ZEST, Fondazione Compagnia di San Paolo, Cassa Notariato, and other institutional investors. Complementing the fund is Z_One Lazio, supported by Lazio Innova and dedicated to investments focused on the Lazio region. Z_One is part of the National Network of Accelerators promoted by CDP Venture Capital and integrates capital, acceleration, operational expertise, and industry connections through its exclusive partnership with Zest. This operation benefits from support from the European Union under the InvestEU Fund.


Z_One invests with initial investments of up to €200,000, reserving the right to support high-potential startups with follow-on investments of up to €1 million. The strategy involves building a diversified portfolio of up to 100 startups, WITH ITS PRIMARY FOCUS IN ITALY BUT WITH AN EYE ON EUROPE.