[Italian Venture Capital Fund Z_One Fund Raises Over €35 Million in Initial Funding Round, Focusing on Early-Stage AI and Urban Technology Projects] According to TechFlow, on October 26th, Eureka! Venture-managed Italian venture capital fund Z_One Fund announced the completion of its initial funding round, raising over €35 million, with a total target of €60 million. Investors include Fondo Acceleratori 2 (the fund's first investment) from CDP Venture Capital, Milan-listed Zest, Lazio Innova (participating through a parallel fund), Fondazione Compagnia di San Paolo, and several private investors. The fund primarily invests in pre-seed and seed-stage startups, focusing on AI applications and urban technology and smart cities. The initial investment was up to €250,000, with optional follow-on investments up to €1 million.