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Zest Group is an early-stage venture capital firm based in Italy, formed from the merger of Digital Magics and LVenture Group on April 1, 2024. This merger created a leading entity in the Italian venture capital landscape, combining over 20 years of operational experience from both legacy firms. Zest Group operates with a focus on driving growth in the innovation ecosystem through technology, aiming to generate significant impact both in Italy and internationally.
The firm operates from multiple locations in Italy, including Rome, Milan, and Turin, and is publicly listed on the Borsa Italiana under the ticker Zest S.p.A. Zest Group has a net asset value of approximately EUR 70 million and reported revenues exceeding EUR 12 million at the time of the merger. The organization emphasizes providing value to investors, partners, startups, and companies, positioning itself as a key player in the European venture capital market.
Zest Group invests in high-impact technologies across a diverse range of sectors, including Artificial Intelligence, Cybersecurity, CleanTech, Data & Business Software, HealthTech, InsurTech & FinTech, Lifestyle & Consumer Tech, and Smart City & Factory. The firm targets early-stage investments, specifically in the Pre-seed, Seed, Seed+, and Series A stages, with a strong emphasis on supporting ambitious founders and startups.
The firm seeks to invest in startups that address real challenges and develop pioneering products. Zest Group provides not only capital but also expertise and a robust network to facilitate technological transformation and innovation. Their investment strategy includes tailored advisory services to help companies navigate change through Open Innovation and Corporate Venturing, enhancing their growth potential and market impact.
Zest Group boasts a portfolio of over 250 startups, focusing on high-value tech companies with the potential to revolutionize their respective sectors. Some notable portfolio companies include:
The organization emphasizes investing in startups that not only have innovative solutions but also address pressing societal challenges, thereby contributing to a more sustainable future.
Luigi Capello - CEO of Zest Group, brings extensive experience in venture capital and startup acceleration.
Marco Gay - Executive President, known for his leadership in the innovation sector.
Gabriele Ronchini - CEO of Zest Investments, the early-stage VC arm, with a focus on supporting tech startups.
Antonella Zullo - CEO of Zest Innovation, overseeing corporate innovation initiatives and open innovation programs.
To pitch Zest Group, founders should send an email to info@zestgroup.vc. A well-structured pitch deck is essential, including details about the business model, market analysis, and team qualifications. While Zest Group does not specify a formal application process, a warm introduction can enhance the chances of a favorable response. Founders can expect a response within a few weeks, depending on the volume of inquiries.
On April 1, 2024, Zest Group was formed through the merger of Digital Magics and LVenture Group, marking a significant milestone in the Italian venture capital landscape. The merger combined the strengths of both firms, creating a leading entity in early-stage investments.
As of 2025, Zest Group has been actively engaging in the innovation ecosystem, focusing on high-impact technologies and supporting over 250 startups. The firm continues to expand its portfolio and enhance its advisory services to foster technological transformation.
What are Zest Group's investment criteria?
Zest Group focuses on high-impact technologies across various sectors, including AI, cybersecurity, and health tech. They invest in early-stage companies at the Pre-seed, Seed, Seed+, and Series A stages, prioritizing startups that address real-world challenges.
How can I pitch to Zest Group?
Founders can reach out via email at info@zestgroup.vc. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes Zest Group different from other VC firms?
Zest Group combines venture capital with tailored advisory services, helping startups navigate change through Open Innovation and Corporate Venturing. Their extensive experience in the Italian market and focus on high-impact sectors set them apart.
What is Zest Group's geographic focus?
While Zest Group is anchored in Italy, they also have a European reach, actively seeking investment opportunities across the continent.
What is the typical check size for investments?
Specific check sizes are not disclosed, but Zest Group typically invests in early-stage rounds, which can vary based on the startup's needs and potential.
What kind of support do portfolio companies receive?
Zest Group provides operational support, access to a vast network, and strategic guidance to help portfolio companies scale and succeed in their respective markets.
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