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The Venture Codex

Zest

Via Marsala 29h, Rome, 00185, Italy

Overview

Venture capital firm focusing on early-stage investments and startup suppor

Deals · 12mo

6

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Italy

Sector focus

—

Investment portfolio

10rounds
NAMEDATESIZE
Tiledesk
Sep 2026Participated
$1 MSeed
Neocad
Apr 2026Participated
$0.64 MSeed
Intuos
Feb 2026Participated
$0.85 MOther Equity
BandoSubito
Feb 2026Participated
$2 MSeed
LianeCare
Feb 2026Participated
$1 MOther Equity
ELAI
Jan 2026Participated
$4 MOther Equity
Waveful
Sep 2025Participated
$2 MSeed
EKORE
Dec 2024Participated
$2 MSeed
WithLess
Oct 2024Participated
$3 MOther Equity
Mapo Tapo
Sep 2024Participated
$1 MSeed
Tiledesk
Sep 2026Participated
$1 MSeed
Neocad
Apr 2026Participated
$0.64 MSeed
Intuos
Feb 2026Participated
$0.85 MOther Equity
BandoSubito
Feb 2026Participated
$2 MSeed
LianeCare
Feb 2026Participated
$1 MOther Equity
ELAI
Jan 2026Participated
$4 MOther Equity
Waveful
Sep 2025Participated
$2 MSeed
EKORE
Dec 2024Participated
$2 MSeed
WithLess
Oct 2024Participated
$3 MOther Equity
Mapo Tapo
Sep 2024Participated
$1 MSeed
10
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Insights

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Deal Distribution

Zest: 10 funding rounds are recorded in the selected participation categories.All available history.
Zest: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed06
Other Equity04

Monthly Deal Activity

Zest: 10 deals are recorded across 26 months.All available history.
Zest: 10 deals are recorded across 26 months. All available history
MonthDeals
Sep '241
Oct '241
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '263
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Zest: AI & Machine Learning is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Zest: AI & Machine Learning is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
AI & Machine Learning4
Enterprise Software3
Fintech2
Data, Analytics & IT2
Social & Community Platforms1
Consumer & Lifestyle1
Travel & Hospitality1
Networks, Cloud & Communication1
Hardware & Robotics1
Media & Entertainment1
Health & Life Sciences1
Professional Services1
Real Estate & Construction1

Deal Size Distribution

Zest: 10 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Zest: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Zest: Europe has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Zest: Europe has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Europe8
United States2
Zest: 20 co-investors are shown, with Apside sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Zest: 20 co-investors are shown, with Apside sharing 3 recorded deals. All available history
Co-investorShared deals
Apside3
HabiSmart2
Intesa Sanpaolo2
VeniSia2
40Jemz Ventures1
a16z Speedrun1
AI Acceleration1
Argo1
Ariston Group1
B-Heroes1
Banca Finint1
CDP Venture Capital1
COIMA1
Compagnia di San Paolo1
Diffusion Capital Partners1
Encelado Ventures1
Human Company1
Intesa Sanpaolo Innovation Center1
Italian Angels for Growth1
Italian School of Hospitality1

Investment Strategy

Zest: Led accounts for 0% and participating for 100% of round participation.All available history.
Zest: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating10100%
Zest: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Zest: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Andrea Peroni

Portfolio Manager

Federica Cardona
Gabriele Ronchini

Founder & Managing Director - Portfolio Development

Giulia Fazzini