The synthesis of in-situ hydrophobic functionalized ZnO nanoparticles via an emulsion process is systematically investigated. Different parameters are varied, such as precursor salt concentration and ultrasonification, to optimize the size and the size distribution of the ZnO particles. Particles with a size below 25 nm and surrounded by a hydrophobic polymer shell can be easily obtained. The influence of the polymeric shell on the compatibility with different polymeric matrices is described. Due to the small size of the inorganic particles and the excellent hydrophobization, highly transparent inorganic/organic nanocomposites can be obtained by spin-coating and extrusion.