/Investor DB

Zest

Venture capital

Rome · Pre-Seed–Series A · 25 people tracked

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Investment thesis

Zest is Italy's market leader in early-stage venture capital and startup acceleration, investing in high-value technology startups with the potential to transform their sectors. Backing ambitious founders with capital, expertise, and an international network, the firm targets cutting-edge technologies reshaping markets and society, guided by industry-specific expertise across verticals such as AI, cybersecurity, cleantech, business software, healthtech, insurtech, fintech, consumer tech, and smart city/factory. Alongside its investment activity, Zest supports companies and institutions with tailor-made advisory services for technological transformation through Open Innovation and Corporate Venturing programs, managing multiple investment vehicles and acceleration programs.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Series A
HQ
Rome, IT
Instruments
Equity
Last 12 months
1 investment
Tracked investments
20
Acquisitions
1

Team · 25 people

from the firm's website & curated
Andrea Peroni· Portfolio Managerin
Angela Agorini· Senior Portfolio Managerin
Antonio Pupa· Facility Manager
Asia Santona· Portfolio Analystin

What they invest in

from 8 of 20 portfolio companies

AI & Machine Learning ×3SaaS ×3Mobility & Transportation ×2Circular Economy ×1Cleantech ×1Climate Tech ×1Crypto & Web3 ×1Data & Infrastructure ×1

HQs:Italy×2United Kingdom×1

Investments · 20 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12 dated

apsideapsidespa.it

Apside is a special purpose vehicle and joint venture between Intesa Sanpaolo and Zest Group that invests in post-seed stage startups showing strong growth potential and validated market products.

FintechInsurTechPropTechRome, IT

PartnerAntonella Zullo· solo GP

Arxaxarxax.cominApr 2025

Arxax provides software and logistics optimization services for transport companies to access wholesale fuel prices, optimize refuelling routes, and manage carbon compliance through telematics, AI, and IoT technologies.

AI & Machine LearningCleantechClimate TechLogistics & Supply ChainMobility & TransportationLondon, GB

Co-investorsEIT Urban Mobility Accelerator

Elaielaiagent.com

Elai uses generative-AI reasoning to automatically build predictive AI models from raw, unstructured data, handling data cleaning, model generation, integration, and retraining.

AI & Machine LearningData & InfrastructureSaaS

Co-investorsGrowth Engine

Epic Chainepicchain.ioin𝕏

Epic (formerly Ethernity) operates a crypto-based travel booking platform offering discounted hotels and flights worldwide, with cashback in XRP and concierge access for holders of its EPIC token.

Crypto & Web3Travel & Hospitality

Co-investorsGFT VenturesMorningstar VenturesWoodstock FundZillionize

Healloheallosolutions.com

Heallo develops sustainable ingredients from plant by-products to improve nutrition, including a soluble fiber that lowers the glycemic response of foods and beverages.

Circular EconomyFoodTechWellness & Fitness

Co-investorsKickstart Innovation

Intuosintuos.itinFeb 2026

Intuos provides an integrated aviation operations platform combining flight management software, real-time flight monitoring hardware, and predictive engine analysis for flight schools, commercial operators, and maintenance organizations.

Enterprise SoftwareIoTMobility & TransportationL Aquila, IT

PartnerAntonella Zullo· solo GP

Co-investorsTechstarsArgoCDP Venture Capital

iubendaiubenda.comin𝕏Acquired

iubenda provides a digital compliance platform that helps businesses create and manage privacy policies, cookie banners, terms and conditions, and accessibility documentation to meet global privacy regulations.

LegalTechSaaS

Andrea Giannangelo(Founder)inRaffaele Negroin

PartnerAntonella Zullo· solo GP

Co-investors2100 Ventures4Di CapitalBrighteye VenturesMetrika SGR S.p.A.P101 VenturesPlay Ventures+11 more

SartiQsartiq.aiin

Sartiq provides an AI fashion photography platform that turns flat-lay or phone product photos into styled, on-model catalogue images and campaigns, with custom or virtual models, brand-book consistency, and human review at each stage.

AI & Machine LearningRetail TechSaaS

Luca Ambrosini(Founder)in

PartnerAntonella Zullo· solo GP

Co-investorsKickfund

Tinextatinexta.com

PartnerAntonella Zullo· solo GP

Co-investorsNext Holding S.p.A.

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Bitcoin PeopleEXE EngineeringGEVILoudMopsoOpen TOS ModelingOS ModellingQuramiSetflowTheta

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Zest made?
Zest has 20 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
What stage does Zest invest at?
Zest invests at the Pre-Seed, Seed, Series A stages.
What sectors does Zest focus on?
Zest focuses on AgTech, AI & Machine Learning, Cleantech, Consumer, Cybersecurity, Data & Infrastructure, Deep Tech, Enterprise Software, Fintech, FoodTech, Healthtech, InsurTech, SaaS, Sector Agnostic.
Where is Zest located?
Zest is headquartered in Rome, IT.
Who does Zest co-invest with?
Zest most often shares deals with 4Di Capital, Brighteye Ventures, P101 Ventures, among 18 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Roberto Magnifico, Partner - Board Member Zest Group

Agenzia per la cybersicurezza nazionale · Roberto Magnifico

Antonella Zullo CEO Zest Innovation - CEOforLIFE Round Table Zest Innovation

CEOforLIFE AWARDS · Antonella Zullo

Images

Zest photo

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