We report spectral and imaging performance of a pixelated CdZnTe detector custom designed for the MeVCube project: a small Compton telescope on a CubeSat platform. MeVCube is expected to cover the energy range between 200 keV and 4 MeV, with performance comparable to the last generation of larger satellites. In order to achieve this goal, an energy resolution of few percent in full width at half maximum (FWHM) and a 3-D spatial resolution of few millimeters for the individual detectors are needed. The severe power constraints present in small satellites require very low power read-out electronics for the detector. Our read-out is based on the VATA450.3 ASIC developed by Ideas, with a power consumption of only 0.25 mW/channel, which exhibits good performance in terms of dynamic range, noise and linearity. A 2.0 cm × 2.0 cm × 1.5 cm CdZnTe detector, with a custom 8 × 8 pixel anode structure read-out by a VATA450.3 ASIC, has been tested. A preliminary read-out system for the cathode, based on a discrete Amptek A250F charge sensitive pre-amplifier and a DRS4 ASIC, has been implemented. An energy resolution around 3% FWHM has been measured at a gamma energy of 662 keV; at 200 keV the average energy resolution is 6.5%, decreasing to 2% at energies above 1 MeV. A 3-D spatial resolution of ≈ 2 mm is achieved.