Raise a Glass
to the Future


We’re here to build.
So are you.

Consumer habits are changing, but they sit atop universal human needs: social connection, entertainment, relaxation, convenience, transparency, and trust. These needs will endure, even as technologies fulfill them in new ways.

The ZX Tech Fund works with startups to help consumers access stronger friendships, more exciting experiences, and smoother purchasing journeys. At the same time, we leverage technology to adapt AB InBev’s internal operations to better serve our consumers and the world.

Where we invest

We invest in Series A and later-stage companies around the world that have a proven revenue model and a demonstrated ability to work with large-scale corporations. We focus on strategic outcomes, not just financial returns, so we tend to connect startups to teams around AB InBev to launch commercial pilots before we invest. We focus on the following areas:

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We Help
You Grow

We provide our portfolio companies with access to AbInBev’s vast network of subject matter experts, unparalleled supply chain capabilities, route-to-market expertise, and marketing properties and partnerships to their supercharge growth.

Vast Network

Build commercial relationships with teams across AB InBev’s 500+ brands

Worldclass RTM

Access AB InBev’s best-in-class global supply chains and production facilities

Marketing Assets

Tap into our marketing teams, design capabilities, and sponsorship deals

Huge Footprint

Connect with our 6M+ points of sale around the world



Our Team

ZX Ventures’ investment team is backed by subject matter experts and operational leaders across the entire AB InBev organization. By combining investment dollars with commercial spend, we’re here to build your innovations on AB InBev’s scale.

Guilherme Lebelson

General Partner

Founding member of ZX Ventures and privileged to be part of an amazing group of consumer centric, result oriented and diverse people. We're inspiring and delighting world's beverages shoppers across more than 20 countries through our ecosystem of owned digital platforms and partnerships with all major eRetailers. Check us out at our websites and get your next beer online!

David Kestenbaum

Managing Director

Based in New York City, David Kestenbaum is the Global Head of E-Commerce Strategy and Capabilities for ZX Ventures and AB InBev. In his current role, David is responsible for developing, coordinating, and executing a global e-commerce strategy and elevating capabilities across the e-commerce organization through best practice sharing and knowledge management initiatives. David and his team coordinate efforts across 16 countries to meet long-term growth objectives and are responsible for innovation, new business opportunities, and partnerships, including relationships with key industry stakeholders and global online retailers.

Scott Morris

Investment Principal

Scott is a Principal at ZX Ventures’ Technology Fund, where he leads global investments and M&A in the direct-to-consumer sector. Prior to ZX, Scott was a Partner at Emil Capital Partners, an early-stage growth equity investment firm, where he led investments in direct-to-consumer, CPG, and foodtech businesses. Scott previously worked in the Corporate M&A group at PepsiCo Inc, and began his career as an investment banker at Deutsche Bank in New York where he helped advise clients in the Consumer Products, Retail, Technology, Media, Telecommunications and Business Services Industries.

Scott holds a B.S. in Industrial Engineering from Lehigh University and an MBA from Columbia Business School.

Luke Cherrington

Investment Principal

Luke is a Principal at ZX Ventures' Technology Fund, where he leads investments in high-momentum startups around the world. He also manages ZX Ventures' summer accelerator program, which... Prior to ZX, Luke founded and exited xx startup, which... and founded... Earlier, Luke worked as an investment associate at Copley Equity Partners.

Luke holds ... from Dartmouth College.

Zoe Leavitt

Market Intelligence

Zoe is the Global Manager, Market Intelligence for ZX Ventures' Technology Fund, where she leads market research and develops investment theses on new markets and emerging technologies. Prior to ZX, Zoe led CPG and retail tech research at CB Insights, where she consulted for investment and M&A teams at Fortune 500 companies. She wrote the CPG Insights newsletter, reaching 55K+ readers, and her work was featured on Good Morning America, CNBC, Bloomberg, and more. Previously, Zoe worked in equity research with the Cowen Group, and in marketing with the Bank of China's consumer finance group in Shanghai.

Zoe holds a B.A. in International Relations from Stanford University.

Let’s raise a glass
to the future together.

Got a great business that fits our thesis? Could AB InBev help you grow? Give us a shout.
Are you working with AB InBev already, and could benefit from additional capital? Let us know!