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Top 50 Artificial Intelligence VC Funds & Investors in Belgium (October 2026)

The most active venture capital funds investing in Belgium Artificial intelligence startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Artificial intelligence startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
PMV
VC Fund
20 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$43M
Limburgse Reconversie Maatschappij
VC Fund
19 Belgium, The Netherlands, United States Seed, Venture - Series Unknown Information Technology, Software, Biotechnology $658k–$11M
Volta Ventures
VC Fund
15 Belgium, The Netherlands, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $850k–$8.8M
SmartFin
VC Fund
14 Belgium, The Netherlands, Turkey Series A, Series B, Seed Software, SaaS, Information Technology $549k–$30M
Syndicate One
VC Fund
12 Belgium, United Kingdom, United States Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $1M–$20M
Pitchdrive
VC Fund
12 Belgium, United Kingdom, Germany Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $110k–$4.8M
welovefounders
VC Fund
6 France, Belgium Seed, Pre-Seed Artificial Intelligence, CRM, SaaS $1.4M–$4.8M
Seeder Fund
VC Fund
6 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$12M
Fortino Capital
VC Fund
6 Belgium, The Netherlands, Germany Series A, Seed, Venture - Series Unknown Software, Information Technology, SaaS $2M–$24M
Force Over Mass Capital
VC Fund
5 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $100k–$18M
HERAN Partners
VC Fund
5 Belgium, United Kingdom, Spain Series A, Seed Software, Health Care, Artificial Intelligence $2M–$23M
Peak
VC Fund
5 The Netherlands, Germany, Sweden Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $570k–$17M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
5 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
Qbic Fund
VC Fund
5 Belgium, France, The Netherlands Seed, Series A, Venture - Series Unknown Biotechnology, Software, Health Care $1.4M–$34M
Axeleo Capital
VC Fund
5 France, United Kingdom, Germany Seed, Series A, Pre-Seed Software, Information Technology, SaaS $857k–$21M
Everywhere Ventures
VC Fund
5 United States, United Kingdom, Australia Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $250k–$20M
Newion
VC Fund
4 The Netherlands, Belgium, Germany Series A, Seed, Series B Software, SaaS, Information Technology $1.1M–$66M
Belfius Bank
VC Fund
4 Belgium, The Netherlands, France Debt Financing, Venture - Series Unknown, Seed Software, SaaS, Artificial Intelligence $291k–$382M
Matterwave Ventures
VC Fund
4 Germany, Austria, France Seed, Series A, Venture - Series Unknown Software, Artificial Intelligence, Information Technology $2M–$33M
RDY Ventures
VC Fund
4 Belgium, Austria Seed, Pre-Seed, Series A Artificial Intelligence, Software, Health Care $1.3M–$2.3M
Capricorn Partners
VC Fund
4 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$45M
Agentschap Innoveren & Ondernemen
VC Fund
4 Belgium, Italy, Israel Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $106k–$3.2M
redalpine
VC Fund
4 Germany, Switzerland, United Kingdom Seed, Series A, Series B Artificial Intelligence, Health Care, Biotechnology $1.6M–$125M
KBC
VC Fund
3 Belgium, United States, The Netherlands Seed, Series A, Pre-Seed Biotechnology, Health Care, Software $425k–$65M
Yaletown Partners
VC Fund
3 Canada, United States, Belgium Series A, Series B, Seed Software, Enterprise Software, Information Technology $603k–$60M
Ark Angels Activator Fund
VC Fund
3 Belgium Series A, Venture - Series Unknown, Seed Software, Information Technology, SaaS $937k–$7.8M
Gemma Frisius Fund
VC Fund
3 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Medical, Software $500k–$84M
Angelwise
VC Fund
3 Belgium, The Netherlands Seed, Pre-Seed Software, SaaS, Information Technology $873k–$2.9M
KPN Ventures
VC Fund
3 The Netherlands, United States, Belgium Series A, Series B, Series C Software, Internet of Things, Information Technology $2.3M–$180M
Pamica NV
VC Fund
3 Belgium, Germany, United States Seed, Series A, Venture - Series Unknown Software, FinTech, Finance $1.2M–$11M
Finindus
VC Fund
3 Belgium, United States, Sweden Series A, Venture - Series Unknown, Seed Manufacturing, Industrial, Renewable Energy $1.3M–$27M
NewSchool.vc
VC Fund
3 Belgium, France, Spain Pre-Seed, Seed Software, Artificial Intelligence, SaaS $576k–$4.8M
b2venture
VC Fund
3 Germany, Switzerland, United Kingdom Series A, Seed, Series B Software, Health Care, Information Technology $1.2M–$52M
Point Nine
VC Fund
3 Germany, United States, France Seed, Series A, Series B Software, SaaS, Artificial Intelligence $900k–$62M
Acadian Ventures
VC Fund
2 United States, France, Germany Seed, Series A, Pre-Seed Software, Human Resources, SaaS $1M–$25M
Frontline Ventures
VC Fund
2 United States, Ireland, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $110k–$16M
BDO
VC Fund
2 Belgium Series A Software, Generative AI, Machine Learning $7M–$7M
Ethias Ventures
VC Fund
2 Belgium, France Seed, Series A SaaS, Q&A, EdTech
Miles Ahead
VC Fund
2 Belgium, Ireland, United Kingdom Seed, Pre-Seed Software, Big Data, Robotics $1M–$3.3M
Lakestar
VC Fund
2 Germany, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, FinTech $2.2M–$91M
Senovo
VC Fund
2 Germany, United States, Sweden Series A, Seed, Series B Software, SaaS, Information Technology $2M–$66M
Hummingbird Ventures
VC Fund
2 United States, Turkey, United Kingdom Series A, Seed, Series B Software, FinTech, Financial Services $1.2M–$60M
Nuhma
VC Fund
2 Belgium Seed, Series A, Venture - Series Unknown Battery, Software, GreenTech
ABB Ventures
VC Fund
2 United States, United Kingdom, Canada Series B, Series A Software, Energy, Robotics $3.3M–$60M
Brustart
VC Fund
2 Belgium Seed, Angel, Series A Apps, Music, Big Data $472k–$932k
Korys
VC Fund
2 Belgium, The Netherlands, Germany Series B, Series A, Venture - Series Unknown Biotechnology, Renewable Energy, Software $4.4M–$50M
WING by Digital Wallonia
VC Fund
2 Belgium Seed, Convertible Note, Series A Software, Health Care, SaaS $61k–$12M
Singular
VC Fund
2 France, Germany, United Kingdom Series A, Seed, Series B Software, Artificial Intelligence, SaaS $3M–$60M
ING Group
VC Fund
2 United Kingdom, United States, The Netherlands Debt Financing, Post-IPO Debt, Series B Energy, Renewable Energy, Solar $15M–$3B
PROfounders Capital
VC Fund
2 United Kingdom, United States, Finland Seed, Series A, Series B Software, SaaS, Apps $1.3M–$60M
Access all 283 VC funds in Belgium Artificial intelligence startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 20 investments in Belgium Artificial intelligence startups, 9 in the past 12 months

Do and dare company

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 160
  • Round size: Seed $1M–$4M; Series A $3M–$40M; Series B $6.6M–$43M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Logibot — Software platform to deploy human-like robotic labor in existing warehouses, without vendor lock-in.
  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
  • Borro — Cashless deposit system
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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 19 investments in Belgium Artificial intelligence startups

Oxygen for growth - LRM

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Investment focus

  • Industry: Information Technology, Software, Biotechnology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 98
  • Round size: Seed $658k–$5.2M; Venture - Series Unknown $1.4M–$11M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Monsana — Monsana's AI-powered platform empowers both patients and healthcare professionals in their search for the perfect clinical trial. Each eligibility criterion is validated based on your unstructured textual medical records, allowing highly accurate matching with experimental treatments.
  • ADLC — ADLC employs drone technology to deliver logistics services, allowing businesses to implement drone-based solutions without having to manage them in-house. The company is focused on enhancing last-mile delivery in maritime and offshore environments. ADLC now conducts drone delivery services in the Port of Antwerp in collaboration with SGS, atesting and certification company, and works with companies such as BASF. Its drones have reduced delivery times and environmental effect, boosting efficiency sixfold and lowering CO2 emissions by up to 80% for petrochemical sample deliveries.
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
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Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 15 investments in Belgium Artificial intelligence startups

Volta Ventures backs ambitious B2B software founders in the Benelux with early-stage capital, strategic guidance and long-term support.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 92
  • Round size: Seed $850k–$5.2M; Pre-Seed $1M–$1.3M; Series A $2.2M–$8.8M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely actively investing — fresh fund, raised $22M in 2025

Portfolio highlights

  • Kyvvu — Kyvvu is an Agent Security Kernel (ASK): an in-process security layer that checks every action an AI agent takes — against the full path of the task so far — and allows, warns, or blocks it before it runs, deterministically, in under a millisecond, without your data ever leaving your environment.
  • Ringtime — Make more placements with the same team. The AI screening agent that reaches frontline candidates via WhatsApp and phone, in 22+ languages.
  • Quadric — quadric.io is a Burlingame, CA-based processor technology company. The q16 Processor is the most comprehensive AI processor that handles any AI and high-performance edge workload.
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 14 investments in Belgium Artificial intelligence startups

Venture capital fund focussing on European B2B technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: Belgium, The Netherlands, Turkey

Investor stats

  • Total investments: 64
  • Round size: Seed $549k–$6.7M; Series A $5M–$13M; Series B $3M–$30M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fresh fund, raised $257M in 2025

Portfolio highlights

  • Auditstage — The first AI-powered workspace for financial auditors. Automate manual workflows, draft working papers, and scale your firm with human-in-the-loop AI agents.
  • Marble — Marble is an opensource, real time fraud and compliance automation engine designed for fintechs and financial institutions.
  • BrightAnalytics — Intuitive, reliable and fast. Consolidated reporting from BrightAnalytics.
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Syndicate One
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 12 investments in Belgium Artificial intelligence startups, 10 in the past 12 months

Syndicate One helps Belgian startups scale up their businesses through early-stage financing, relevant advice and mentorship.

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, United Kingdom, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $1.5M–$13M; Pre-Seed $1M–$2.5M; Series A $11M–$20M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $4.8M in 2024

Portfolio highlights

  • Scope AI — 10x faster inspections with AI-powered workflows. Increase capacity, reduce reporting time and let inspectors focus on the work that matters.
  • Warren — Enabling wealth, Boosting welfare
  • Polysense — Increase yield, reduce waste, and optimize food production with Polysense's AI-powered inline quality control. Real-time data for potatoes, bakery & more.
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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 12 investments in Belgium Artificial intelligence startups

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Belgium, United Kingdom, Germany

Investor stats

  • Total investments: 93
  • Round size: Seed $1M–$4.8M; Pre-Seed $110k–$2.5M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • ORiS — ORiS (Orbital Recharge in Space) develops laser-based wireless power transmission to extend the autonomy of satellites, drones, and lunar habitats.
  • Backbone — AI platform for food & beverage quality teams. Connects standards, audits, supplier data, and customer requirements into one live picture. Automates the admin. Routes the right intelligence to the right person. Faster decisions, fewer blind spots.
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welovefounders
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 6 investments in Belgium Artificial intelligence startups, 7 in the past 12 months

Bold Founders, we're here for the ride

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Investment focus

  • Industry: Artificial Intelligence, CRM, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium

Investor stats

  • Total investments: 13
  • Round size: Seed $1.6M–$4.8M; Pre-Seed $1.4M–$1.7M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $27M in 2023

Portfolio highlights

  • Kompa — Kompa is an AI-powered, all-in-one management platform for French construction professionals and small building companies.
  • TwoWay — AI-powered real-time intelligence that transforms chat communications into structured trading insights for financial institutions.
  • Presage Labs — Frontier AI research lab building world models for cloud infrastructure.
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 6 investments in Belgium Artificial intelligence startups, 8 in the past 12 months

Seeder Fund is an early-stage financing and growth capital for digital startups. For young start-ups with a start in commercial traction it offers seed funding of up to EUR 200,000 to validate their value proposition and product-market fit. For start-ups preparing for Series A it provides funding of up to EUR 300,000 to confirm the growth potentialand move closer to break-even. For scale-ups, the Seeder Fund can also help finance the company's growth, this time in the form of a capital stake of up to 1,000,000 EUR.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, Luxembourg, France

Investor stats

  • Total investments: 38
  • Round size: Seed $390k–$2.6M; Pre-Seed $212k–$2.4M; Series A $3.5M–$12M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
  • Visiblie — We get your brand recommended by ChatGPT, Perplexity, Gemini, Claude and every major AI search engine in weeks. Done for you.
  • Kando — Voice & Visual assistant and software for caregiver
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Fortino Capital
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 6 investments in Belgium Artificial intelligence startups, 7 in the past 12 months

We partner with exceptional B2B Software entrepreneurs across Northwestern Europe.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 75
  • Round size: Seed $2M–$6M; Series A $4.3M–$21M; Venture - Series Unknown $2.6M–$24M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $105M in 2021

Portfolio highlights

  • Mkind — Mkind builds intelligent robots for high-mix manufacturing, developing advanced automation solutions that can adapt to diverse production requirements, improve operational efficiency, and support manufacturers in handling complex, low-volume, and frequently changing product lines.
  • Spott — Spott is an AI-native ATS & CRM for Staffing and Recruiting firms.
  • Operations1 — With Operations1 the B2B software company cioplenu GmbH delivers a cloud software for adaptive employee-led production processes (Adaptive Process Execution). The solution provides intuitive worker guidance and connects the organization in manufacturing companies. Customers such as Bosch, Stabilo or Trumpf benefit with Operations1 from increasedproductivity, enhanced quality and higher machine availability. At its core, the modular solution uses digital documents such as work instructions and checklists for process guidance and is used in a wide range of application areas such as maintenance, quality inspection, HSSE, audits and in manufacturing and assembly processes. Around the document core, planning, analysis, and incident management functionalities complete the offering to holistically accompany operational employees in their daily work.The clipboard becomes a tablet, complexity becomes simplicity, blindspot becomes transparency.
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Force Over Mass Capital
VC Fund · London, England, United Kingdom · 5 investments in Belgium Artificial intelligence startups

Force Over Mass Capital is an FCA regulated venture capital firm focused on early stage technology investments across UK and Europe. We invest in B2B innovation across four verticals, i.e. Fintech, Artificial Intelligence, SaaS and Industry 4.0.FOM cap operates both seed and scale-up funds to support early stage businesses through their growthjourney.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 202
  • Round size: Seed $420k–$4.8M; Pre-Seed $100k–$2.4M; Series A $3.3M–$18M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $131M in 2020

Portfolio highlights

  • Finovox — Finovox provides a solution for detecting false documents. They offer investigative tools to analyze, understand, and explain fraud. Additionally, they provide users with hard evidence of fraud.
  • Artificial Labs — Artificial connects brokers and insurers across the specialty market. Underwriting technology and placement tools to move risk faster, with less in the way.
  • Stoa Corporation — Unlock perks when you save. Saving, reimagined - get high-value perks upfront, not small bank interest.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
HERAN Partners
VC Fund · Belgiek, West-Vlaanderen, Belgium · 5 investments in Belgium Artificial intelligence startups

HERAN PARTNERS is a Belgian-based investment fund founded by Annie Vereecken together with Katleen Vandersmissen, Joris Mortelmans and Herman Verrelst within the sector of MedTech and Digital Health. With a clear focus on European HealthTech, the fund provides venture & growth capital accompanied by a strong network, expertise and mentorship tostartups and scale-ups with a strong technology platform and market potential.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Series A, Seed
  • Geography: Belgium, United Kingdom, Spain

Investor stats

  • Total investments: 12
  • Round size: Seed $2M–$8.1M; Series A $12M–$23M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Pharmacelera — Improving pharmaceutical R+D productivity through a lean drug discovery process based on advanced computational methodologies.
  • Aspect Analytics — Beyond bioinformatics. Building intelligent platform solutions for mass spectrometry imaging data analysis. #AI4MSI
  • Hypervision Surgical — Making surgeries more precise, safer and faster. Guiding the future of surgery using AI-powered hyperspectral imaging.
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 5 investments in Belgium Artificial intelligence startups

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 120
  • Round size: Seed $570k–$5M; Pre-Seed $781k–$2.5M; Series A $6.5M–$17M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $158M in 2022

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • VoiceLine — VoiceLine is AI-powered field sales revenue intelligence. Document any customer interactions in seconds, get actionable insights and boost sales performance. Start today!
  • microsynetics GmbH — Developing hardware and software to help elderly people gaining more freedom and quality of life. Our first product is an emergency wristband which works together with an app, also connecting relatives via smartphone and phone integrated in the emergency wristband. The automated AI-based fall detection guarantees help even when the user - afteraccident - isn't capable anymore of activating the emergency call via integrated button.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Artificial intelligence startups

Basic and applied research fund of the Flemish regional government in Belgium

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Belgium, Israel, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $517k–$1.9M; Grant $285k–$3.2M; Pre-Seed $160k–$2.2M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • WeHave — Enter the cookieless era of advertising with WeHave's first-party data collaboration. Leverage external data in a gdpr compliant way.
  • Summ.link — Summ.link works to transform enterprises by enhancing the employee experience through strategy and strong insights based on trustworthy data, which leads to improvements in digital processes. By putting a strong emphasis on data intelligence and people analytics, it seeks to provide everyone in the organization with actionable information.Application development, big data, AI, cloud solutions, and other services are among their offerings.
  • Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 5 investments in Belgium Artificial intelligence startups

The Qbic Fund is a multi-sector fund supporting spin-off companies of the Ghent, Brussels and Antwerp university associations and of VITO. Through its strategic partnership with the universities of Ghent, Brussels and Antwerp, and VITO, the Qbic Fund has early and privileged access to promising research projects at these partner universities. Ourinvestment approach is based on early in-depth and independent review and analysis followed by hands on involvement and support.In May 2012 the Qbic Fund held its first close and currently it has over € 30 million under management. The Qbic Fund is backed by several public and private investors and managed by Qbic Venture Partners.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, France, The Netherlands

Investor stats

  • Total investments: 62
  • Round size: Seed $1.4M–$7.4M; Series A $1.6M–$34M; Venture - Series Unknown $2.2M–$9.4M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $54M in 2022

Portfolio highlights

  • Firecell — Firecell is a Telecommunications Industry.
  • Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
  • Sightera Biosciences — Patient-derived organoids of treatment-resistant disease, robotic screening at scale and AI-guided molecular design in one closed loop.
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Axeleo Capital
VC Fund · Paris, Ile-de-France, France · 5 investments in Belgium Artificial intelligence startups

AXC is a European Venture Capital Fund, supported by a large community of tech entrepreneurs. We back startups from pre-seed / seed.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: France, United Kingdom, Germany

Investor stats

  • Total investments: 116
  • Round size: Seed $1.3M–$9.4M; Pre-Seed $857k–$3.2M; Series A $4.3M–$21M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely actively investing — fresh fund, raised $134M in 2024

Portfolio highlights

  • Sopht — Sopht is an Environmental Services company that allows organizations to pilot their environmental impact and automate their decarbonation.Sopht provides a lever for optimizing and rationalizing the challenges of an IT department. The platform is built on a series of modules that reconstitutes the entire IT value chain of a company (multi-cloudmonitoring, management of IT assets, analysis of digital uses and services, etc.) thus allowing a vision and end-to-end management.Founded by Jérémie Veg, Julien Rouzé, Gautier Levert in 2021 and is located in Lyon and Paris.
  • Actionable — AI-powered decision engine that predicts customer behaviour and explains what drives your KPIs. Turn raw data into actionable decisions in minutes.
  • DataHawk Technologies — DataHawk software platform provides eCommerce analytics tools for sellers and vendors to increase sales, optimize margins, gain insights, and boost productivity.
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Everywhere Ventures
VC Fund · New York, New York, United States · 5 investments in Belgium Artificial intelligence startups

Everywhere Ventures is a global pre-seed venture capital fund for founders, by founders. Click to read Everywhere VC, by Everywhere Ventures, a Substack publication with tens of thousands of subscribers.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Australia

Investor stats

  • Total investments: 1304
  • Round size: Seed $1M–$6.5M; Pre-Seed $250k–$2.5M; Series A $6M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $4.4M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Noise — Noise makes finding UGC creators easy. Work smarter with personalized AI guidance to make your next UGC creator campaign go viral.
  • Axo Longevity — Axo Longevity offers membership-based biomarker testing and digital health plans for preventive wellness and longevity optimization.
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Newion
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 4 investments in Belgium Artificial intelligence startups, 7 in the past 12 months

Experienced over decades, focused on the next ones. Close to our founders, not above them. Serious about building companies. Human in how we invest.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: The Netherlands, Belgium, Germany

Investor stats

  • Total investments: 87
  • Round size: Seed $1.2M–$6.5M; Series A $1.1M–$10M; Series B $5.4M–$66M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $129M in 2022

Portfolio highlights

  • Nopan — We help large merchants, fintechs, and PSPs turn account and wallet payment methods into measurable revenue drivers.
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
  • BirdsView — BirdsView is to 'assist small e-commerce firms in transforming their own consumer data into effective, tailored marketing tactics and turning one-time purchases into devoted patrons.
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Belfius Bank
VC Fund · Saint-josse-ten-noode, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Artificial intelligence startups, 7 in the past 12 months

Ontdek een bank-verzekeraar dicht bij u: rekeningen, kaarten, kredieten, sparen en verzekeringen. Beheer alles online of in kantoor, volgens uw behoeften.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: Belgium, The Netherlands, France

Investor stats

  • Total investments: 29
  • Round size: Seed $291k–$1.9M; Debt Financing $1.1M–$382M; Venture - Series Unknown $1.1M–$116M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Lizy — Goedkoper tweedehands leasen. LIZY is uw referentieplatform voor onmiddellijk beschikbare autoleasing. | Lize Leasing
  • Storm — Storm is een producent van hernieuwbare energie. Samen met ons team ontwikkelen, bouwen en exploiteren we duurzame energieprojecten over het hele land: van wind- en zonneparken tot snellaadstations en batterijopslag. Dit telkens tegen een zo laag mogelijke maatschappelijke kost.
  • GIGA Storage — Grootschalige energieopslag is de ontbrekende schakel in de energie transitie. Als de wind niet waait en de zon niet schijnt levert GIGA Storage duurzame
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Matterwave Ventures
VC Fund · Munich, Bayern, Germany · 4 investments in Belgium Artificial intelligence startups

We empower early-stage hardware and software companies to reshape industrial value chains and become global leaders.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Germany, Austria, France

Investor stats

  • Total investments: 62
  • Round size: Seed $2M–$7.2M; Series A $5M–$19M; Venture - Series Unknown $2.7M–$33M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $79M in 2023

Portfolio highlights

  • Ventory — Ventory is an affordable, intuitive, and easy-to-use platform that gives field professionals full visibility and real-time control over remote inventory.
  • Headmade Materials — Headmade Materials is a provider of the 3D-printing process Cold Metal Fusion (´Metal SLS`) for the serial production of metal parts.
  • NVision Quantum Technologies — NVision Imaging Technologies is leveraging advances in quantum physics to enable the first routine, convenient and affordable use of Magnetic Resonance Imaging (MRI) for assessing early patient response to cancer treatment at the metabolic level.
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RDY Ventures
VC Fund · Antwerp, Antwerpen, Belgium · 4 investments in Belgium Artificial intelligence startups, 6 in the past 12 months

RDY Ventures backs ambitious tech founders at the earliest stages.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, Austria

Investor stats

  • Total investments: 6
  • Round size: Seed $1.3M–$2.3M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Adomate — Adomate helps performance teams turn customer signals, competitor insights, and brand data into on-brand ad concepts with AI workflows they build and control.
  • Logibot — Software platform to deploy human-like robotic labor in existing warehouses, without vendor lock-in.
  • SOMAREALITY — SOMAREALITY provides eye tracking solutions for diverse industries. Improve healthcare, automotive, research & aviation with real-time cognitive insights.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 4 investments in Belgium Artificial intelligence startups

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 121
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$45M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2025

Portfolio highlights

  • Endo Tools Therapeutics — Endo Tools Therapeutics is dedicated to the development of innovative devices that provide therapeutic interventions for gastric conditions
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
  • Trillium Renewable Chemicals — Trillium Renewable Chemicals manufactures chemicals from renewable feedstocks used in a variety of industrially important applications. The company was founded in 2021 and based in Knoxville, Tennessee.
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Agentschap Innoveren & Ondernemen
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Artificial intelligence startups

Agentschap Innoveren & Ondernemen is a government agency, charged with implementing the economic, innovation and enterprise policy.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Belgium, Italy, Israel

Investor stats

  • Total investments: 50
  • Round size: Grant $233k–$3.2M; Pre-Seed $106k–$2.2M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Exalate — The only real-time bidirectional integration solution built specifically for complex cross-team collaboration cases and cross-company integration scenarios.
  • Protealis — Sustainable plant proteins for Europe​
  • Confo Therapeutics — Confo Therapeutics is a clinical-stage company committed to accelerating novel GPCR-directed medicines for metabolic & endocrine diseases.
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redalpine
VC Fund · Zürich, Zurich, Switzerland · 4 investments in Belgium Artificial intelligence startups, 17 in the past 12 months

redalpine is a thesis-driven vc with deep expertise in software and science. since 2006. we believe in the power of big ideas and in empowering game changers. we don't just invest, we co-create a better tomorrow. together with you.

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Investment focus

  • Industry: Artificial Intelligence, Health Care, Biotechnology
  • Stage:Seed, Series A, Series B
  • Geography: Germany, Switzerland, United Kingdom

Investor stats

  • Total investments: 203
  • Round size: Seed $1.6M–$13M; Series A $3.2M–$33M; Series B $16M–$125M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $200M in 2024

Portfolio highlights

  • telli — A world where every interaction is worth having. https://t.co/Qa65ENaxKL
  • Arlequin AI — Unlock actionable insights from complex social data to drive strategic decisions using our AI models.
  • Basecamp Research — Novel proteins from nature. We sample the most extreme and exciting places on the planet to build the world's largest knowledge graph of natural biodiversity.
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KBC
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Artificial intelligence startups

KBC Private Equity - the investment company of KBC Group - provides development capital and finances buy-outs to medium-sized companies in Belgium and in Central and Eastern Europe, KBC's home markets.Boasting an experienced team of 28 people, it has more than 60 active investments in portfolio with a market value in excess of EUR 400million.KBC Private Equity aims to become one of the leading private equity providers on KBC Group's home markets. As an active shareholder with a long-term perspective, KBC Private Equity is involved in taking strategic decisions and providing support to management teams.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 37
  • Round size: Seed $529k–$8M; Pre-Seed $425k–$1.9M; Series A $3M–$65M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Qivalis — Qivalis is a financial technology company designed for payments, settlements, and financial services.
  • Octave — Optimize energy use with Octave's battery storage (BESS) and energy management system (EMS). Reduce costs, increase flexibility.
  • Ion Beam Applications — Ion Beam Applications is a Belgium-based company that develops and markets technologies, pharmaceutical products and tailored solutions for the healthcare sector, with emphasis on cancer diagnosis and therapy. IBA is also active in the sterilization and ionization field. The Company operates through two business segments, namely the pharmaceuticalssegment, which includes radiopharmaceuticals and the equipments segment, which encompasses proton therapy, particle accelerators and dosimetry.
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Yaletown Partners
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Belgium Artificial intelligence startups

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums.With offices in Vancouver, Calgary, Montréal, and a growingpresence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

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Investment focus

  • Industry: Software, Enterprise Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Belgium

Investor stats

  • Total investments: 95
  • Round size: Seed $603k–$5.2M; Series A $3.1M–$16M; Series B $2.1M–$60M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $100M in 2025

Portfolio highlights

  • GHGSat — GHGSat’s mission is to become the global reference for remote sensing of greenhouse gas (GHG), air quality gas, and other trace gas emissions from any source in the world.In June 2016, GHGSat launched the world’s first high-resolution satellite capable of measuring greenhouse gas (CO2 & CH4) emissions from any industrial facility in theworld. GHGSat is using this unique satellite and its patented technology to provide greenhouse gas emissions monitoring data and services globally,with better accuracy and at at a fraction of the cost of comparable alternatives. Owners of industrial facilities are now able to monitor all of their facilities, local or remote, anywhere in the world, with a common technology, in near-real-time. Significantly improved emissions information is enabling industries to better measure, control, and ultimately reduce emissions of GHGs.Building on lessons learned from its demonstration satellite, GHGSat launched its second satellite in Sept 2020 and a third is scheduled for Q1'21. Three more satellites are under construction for launch in early 2022. GHGSat also uses the same instrument technology from its satellites on aircraft, to provide complementary resolution and performance for customers in shale plays. GHGSat’s technology can also be used to monitor air quality gases, as well as other trace gases, in the atmosphere. Business cases are being developed for key markets, such as measuring SOx from ships.
  • Oloid — Frictionless and secure passwordless authentication for frontline workers enabling modern cybersecurity and identity and access management for deskless workers and shared devices.
  • Nanoprecise Sci Corp — Predictive Maintenance, Automated Ai Based Predictive Maintenance, Machine Doctor, Wireless Industrial Iot Sensors, Artificial Intelligence in Maintenance, Scaling Iot Solutions
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 3 investments in Belgium Artificial intelligence startups

Ark Angels Activator Fund SA is a closed venture capital fund (closed-end private equity investment fund) with a capital of 14.8 M EUR. The Fund is recognized as ARKIV and has obtained the status of Private Privak under Belgian law. The Fund is managed by a management company set up by BAN Vlaanderen VZW, ING Belgium & the two fund managers.The Fund initially acted primarily as a co-investor in investments made by business angels who are members of BAN Vlaanderen, but then also co-invested with other capital providers. It focuses not only on investments in young growth companies, but also on companies in the growth or transfer phase with an operating office in Flanders,

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 20
  • Round size: Seed $937k–$1.6M; Series A $1.3M–$4.9M; Venture - Series Unknown $1.6M–$7.8M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Apicbase — Apicbase is a F&B management platform that gives you total visibility of your back of house so you can grow without compromise.
  • waylay — Waylay is a leading Enterprise IT-OT digital unification software company delivering low-code based orchestration, automation and analytics software solutions. Waylay has a passion for supporting enterprises on their IoT automation journey and ensuring it puts all valuable data to work for developers, data scientists and domain experts.
  • Accelleran — Accelleran is pioneering a disruptive approach to the delivery of cost-effective, carrier and mission-critical grade TDD and FDD Small Cell networks through its focus on software quality and partnerships with volume manufacturers.Accelleran provides LTE Small Cell software and LTE Small Cell product solutions which address the real-worldchallenges of volume deployment of Small Cells. We offer turnkey solutions and unique experience on the challenges of integrating cellular technology on low cost, yet powerful platforms and architectures. Accelleran offers its customers solid and dependable system solutions, backed by the support of our unparalleled expertise.Accelleran’s technology is genuinely independent from any HW platform and enables operators to invest once in the integration and validation of a common software base that can be deployed across different segments, platforms and Small Cell architectural approaches to enable a truly integrated HetNet.
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Gemma Frisius Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 3 investments in Belgium Artificial intelligence startups

Gemma Frisius Fund KU Leuven is a seed capital fund that aims to stimulate the creation and growth of university related spin-off companies.

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Investment focus

  • Industry: Biotechnology, Medical, Software
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$4.7M; Series A $1.1M–$84M; Series B $4.7M–$24M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Runeasi — The first scientifically validated wearable solution to measure impact while running and detect how your body responds to it - Perform real-time biomechanical assessments - Guide your athletes and patients with actionable insights to help them run more efficiently and recover from injuries with confidence
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
  • Aspect Analytics — Beyond bioinformatics. Building intelligent platform solutions for mass spectrometry imaging data analysis. #AI4MSI
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Angelwise
VC Fund · Hasselt, Limburg, Belgium · 3 investments in Belgium Artificial intelligence startups

Angelwise Vlaams Investeringsfonds

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 17
  • Round size: Seed $873k–$2.9M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $23M in 2022

Portfolio highlights

  • Adomate — Adomate helps performance teams turn customer signals, competitor insights, and brand data into on-brand ad concepts with AI workflows they build and control.
  • Azumuta — Unite Connected Worker and MES capabilities to build the execution platform that coordinates, governs, and continuously improves operational work on the shop floor, across humans, AI agents, and robotic systems
  • Powerhouse — Powerhouse is your all-in-one solution for turning complex property operations into streamlined, automated workflows. Built on Salesforce for seamless integrations and powerful insights.
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KPN Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 3 investments in Belgium Artificial intelligence startups

KPN Ventures is a corporate venture arm of KPN that aims to partner with innovative technology companies, providing access to capital, expertise, network, and customer channels. It focuses on early growth-stage European companies in networking technology, the internet of things, smart home, digital healthcare, cyber security, mobile and video (OTT)services, cloud computing, data, and analytics. It began operation on June 1, 2015, with its headquarters in Rotterdam in the Netherlands.

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Investment focus

  • Industry: Software, Internet of Things, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: The Netherlands, United States, Belgium

Investor stats

  • Total investments: 49
  • Round size: Series A $2.3M–$15M; Series B $3.1M–$60M; Series C $24M–$180M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and is headquartered in London,England.
  • ElevenLabs — Create lifelike speech with our AI voice generator and voice agents platform. Access 5,000+ voices in 70+ languages with secure APIs and SDKs.
  • Openlayer — Openlayer is the AI governance and observability platform for regulated enterprises: one place to test, monitor, and govern every model, agent, and AI system your company runs.
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Pamica NV
VC Fund · Antwerp, Antwerpen, Belgium · 3 investments in Belgium Artificial intelligence startups

Pamica NV is the investment company of Michel Akkermans.

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Investment focus

  • Industry: Software, FinTech, Finance
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, Germany, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$5.2M; Series A $5.5M–$8.8M; Venture - Series Unknown $1.5M–$11M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • b.fine — With a singular focus on regulatory reporting and data, Regnology delivers powerful solutions for financial institutions, regulators and tax authorities.
  • Cashforce — Cashforce is a ‘next-generation’ Cash forecasting & Working Capital management platform, focused on automation and integration - bridging the gap between the CFO, finance, AR/ AP and treasury. The platform is unique in its category because of the seamless integration with numerous ERPs & banking systems, the ability to drill down totransaction level details, and the intelligent AI-based simulation engine that enables multiple cash flow scenarios, forecasts & impact analysis. Cashforce is a global company with offices in New York, Antwerp, Amsterdam, Copenhagen & London and provides Cash visibility to multinational corporates across various industries in over 120 countries worldwide.
  • CHILI publish — Allow users to edit customizable documents, or fully automate artwork generation. Output files are ready to use for print and digital.
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Finindus
VC Fund · Zelzate, Oost-Vlaanderen, Belgium · 3 investments in Belgium Artificial intelligence startups

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

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Investment focus

  • Industry: Manufacturing, Industrial, Renewable Energy
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Belgium, United States, Sweden

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$5.4M; Series A $3.4M–$27M; Venture - Series Unknown $1.5M–$9.1M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Ventory — Ventory is an affordable, intuitive, and easy-to-use platform that gives field professionals full visibility and real-time control over remote inventory.
  • Immaterial — Facilitating the energy transition with advanced materials.
  • Tretau — E-mobility is powered by its core - the electric motor. We at Tau are at the very core of the core: the copper winding wire, the magnetic core, the electrical steel.We just make it bet.
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NewSchool.vc
VC Fund · Knokke-heist, West-Vlaanderen, Belgium · 3 investments in Belgium Artificial intelligence startups, 11 in the past 12 months

NewSchool.vc is an early-stage venture fund focused on investing in technology startups bringing innovation to traditional industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Belgium, France, Spain

Investor stats

  • Total investments: 13
  • Round size: Seed $1.2M–$4.8M; Pre-Seed $576k–$3M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • NotiPark — NotiPark is a fully automated detection and payment solution for parking spaces on public roads using Artificial Intelligence.
  • Talentir — Talentir runs global payouts, carries the liability and makes them profitable. Pay creators, sellers and freelancers in 180+ countries in seconds.
  • Outline — Outline provides cloud software that automates corporate financial modeling, budgeting, and variance analysis. The platform utilizes AI agents to track performance metrics and streamline end-to-end forecasting workflows for finance teams.
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b2venture
VC Fund · Saint Gallen, Sankt Gallen, Switzerland · 3 investments in Belgium Artificial intelligence startups, 6 in the past 12 months

B2venture is a venture capital firm focused on early-stage investments in digital and industrial technology companies. B2venture invests EUR 100m+ per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, Switzerland, United Kingdom

Investor stats

  • Total investments: 278
  • Round size: Seed $1.2M–$8.8M; Series A $3.4M–$23M; Series B $6.9M–$52M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fresh fund, raised $179M in 2026

Portfolio highlights

  • LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
  • Everlab — The preventative health service of the future. Detect disease early, improve wellbeing, and optimise performance.
  • Flyboard — Human-level AI voice agents at a fraction of the cost. Transform your customer engagement with intelligent automation.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 3 investments in Belgium Artificial intelligence startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 309
  • Round size: Seed $900k–$7.5M; Series A $3.2M–$24M; Series B $9M–$62M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Kaiko — Kaiko provides real-time and historical cryptocurrency trade data, order books, and aggregated prices through a cryptocurrency API, downloadable CSV files, and a livestream WebSocket. We cover 100+ crypto exchanges and 35,000+ trading pairs for Bitcoin, Ethereum, and altcoins.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Acadian Ventures
VC Fund · New York, New York, United States · 2 investments in Belgium Artificial intelligence startups

Acadian Ventures is an early-stage venture capital firm investing in the new architecture of work. Founded in 2019 and led by executives from Cornerstone, SAP SuccessFactors, and Workday, Acadian is the world’s leading firm focused at the intersection of work and technology, on a mission to make work better and meaningful, creating a progressiveapproach to human productivity. For more information, visit acadianventures.com.

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Investment focus

  • Industry: Software, Human Resources, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 39
  • Round size: Seed $2.3M–$10M; Pre-Seed $1M–$4.2M; Series A $6.7M–$25M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $30M in 2022

Portfolio highlights

  • Linc — Linc is a platform that delivers data retrieval and analysis services tailored to business needs. The company offers solutions supporting bookkeeping and payroll workflows alongside information management capabilities. Linc offerings streamline data management processes and enable organizations to operationalize their data more effectively.
  • Kombo — Kombo is an API for HR, Payroll, ATS and Recruiting integrations
  • Origin — Origin delivers AI-powered global benefits intelligence to streamline HR, optimize spend, ensure compliance, and simplify employee benefits management.
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Frontline Ventures
VC Fund · London, England, United Kingdom · 2 investments in Belgium Artificial intelligence startups

Frontline is the venture firm for globally ambitious B2B companies on both sides of the Atlantic. Frontline Seed speeds up ideas at inception across Europe. Frontline X is a growth-stage fund, for fast and frictionless US-Europe expansion.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Ireland, United Kingdom

Investor stats

  • Total investments: 186
  • Round size: Seed $796k–$5.5M; Pre-Seed $110k–$3M; Series A $3.3M–$16M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • Linked Finance — LinkedFinance offers a new and painless way for Irish businesses to borrow money from a large group of real people, including their own customers. Crowd Funding is the new way for companies to borrow, bankers get bypassed, the wheels of business keep turning and everyone wins!Person to Person (P2P) lending or Crowd Funding is simple. Peoplewith money to lend can lend it directly to people who need it. With LinkedFinance lenders can lend directly to small businesses looking for funding. Crowd Funding provides complete transparency to both the lender and borrower and it brings lending back to basics where a lender simply deposits funds and when there are enough funds available loans can be made to credit worthy borrowers.How it Works - Businesses looking for a loan can apply at Linkedfinance.com for funding. The loan required and full details of the business are posted in their market. Potential Lenders can participate in an auction process where they bid on how much of the loan they are prepared to fund and the interest rate they require. The lowest rate bids are accepted so the borrower secures the best interest rate possible.
  • Nostos Genomics — Our genetic variant interpretation platform enables genetic testing labs to give more people with genetic diseases a clear and fast diagnosis.
  • Overwatch Research — Generate accurate in vivo study data as a part of your efficient, connected R&D.
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BDO
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 2 investments in Belgium Artificial intelligence startups

BDO is a consulting agency. They providing services under audit and assurance, accounting and reporting, tax and legal, and advisory.

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Investment focus

  • Industry: Software, Generative AI, Machine Learning
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Round size: Series A $7M–$7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Superlinear — Superlinear builds the AI Operating System for enterprise orchestration designed to coordinate people, processes, and machines.
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Ethias Ventures
VC Fund · Liège, Liege, Belgium · 2 investments in Belgium Artificial intelligence startups

Ethias Ventures is the venture capital arm of Ethias group that investing in innovative startups.

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Investment focus

  • Industry: SaaS, Q&A, EdTech
  • Stage:Seed, Series A
  • Geography: Belgium, France

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Wooclap — Engage your audience with Wooclap's free interactive presentation tool. Create dynamic and engaging presentations that keep your audience hooked.
  • LinkByCar — Revolutionize fleet operations with LinkByCar. From real-time tracking to predictive maintenance, our advanced telematics solutions save time and reduce costs.
  • Aidoptation — Aidoptation develops autonomous driving technology for dual-use applications in commercial automotive, police and first-responder vehicles, and defence-relevant environments.
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Miles Ahead
VC Fund · Ghent, Oost-Vlaanderen, Belgium · 2 investments in Belgium Artificial intelligence startups

Miles Ahead is a Venture Studio that helps first-time founders of Deep Tech & AI startups to grow faster by producing and funding their business within an empowering environment.

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Investment focus

  • Industry: Software, Big Data, Robotics
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, Ireland, United Kingdom

Investor stats

  • Total investments: 11
  • Round size: Seed $1M–$3.3M; Pre-Seed $1.1M–$2.3M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • OTIV — OTIV offers autonomous technology to make your railway operations in complex environment safer and more efficient.
  • DevAlly — AI-powered accessibility compliance for product teams who ship fast
  • TalentGuide — Unlock workforce potential with Talentguide's skills intelligence platform, transforming ambition into measurable ability through actionable insights and personalized development paths.
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Lakestar
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Belgium Artificial intelligence startups

Lakestar is a venture capital firm investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook, and Airbnb. Since raising the first fund in 2013, Lakestar manages an aggregated volume of over EUR 1bn across three early-stage funds, and more recently a growth fund. The company has expandedand broadened its portfolio and holds investments in the likes of Opendoor, Oscar, GetYourGuide, Glovo, Sender, Eigen, Five, Revolut, and Hometogo to name a few. Lakestar has a presence in Berlin, Zurich, and London.Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. The team advises and supports portfolio companies in business development, recruitment, technology, and marketing. The investments range from early-stage companies to those in their growth stage.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, United Kingdom

Investor stats

  • Total investments: 225
  • Round size: Seed $2.2M–$16M; Series A $6.6M–$65M; Series B $16M–$91M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Amuse — amuse is an independent record label and music distributor. We've launched the careers of some of the world's top independent artists and you could be next!
  • Graswald AI — Graswald engages in the creation of natural and digital 3D worlds for the entertainment industry.
  • Fuse Games — Based in Istanbul, Fuse Games’ vision is to build mobile games that are loved by wide and diverse player groups. Founded by a team that has strong gaming, growth and execution background, Fuse Games’ initial focus is on developing a MOBA game that includes strong meta elements and innovative ways to create a sense of ownership.
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Senovo
VC Fund · München, Bayern, Germany · 2 investments in Belgium Artificial intelligence startups

Senovo is an early-stage VC funding global B2B SaaS category-leaders from Europe in Seed or Series A fundraising rounds. The fund invests into enterprise software startups in the areas of process optimization, industry 4.0 and data-enabled solution. The investor supports tech entrepreneurs in scaling marketing, sales, organisation, finance and KPIs.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Germany, United States, Sweden

Investor stats

  • Total investments: 67
  • Round size: Seed $2M–$8.4M; Series A $2.8M–$13M; Series B $5M–$66M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Lative — Lative is an advanced sales planning and decision intelligence platform that helps you meet company objectives in the most profitable and efficient way.
  • Parloa — Parloa is the AI agent management platform for enterprise CX. Build, test, and scale voice and chat AI agents that turn conversations into loyalty.
  • FlowFuse — Build industrial applications in minutes with AI, then deploy and govern production from cloud to edge.
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Hummingbird Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 2 investments in Belgium Artificial intelligence startups

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, Turkey, United Kingdom

Investor stats

  • Total investments: 170
  • Round size: Seed $1.2M–$24M; Series A $2M–$51M; Series B $2.5M–$60M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2020

Portfolio highlights

  • Shutl — Shutl is a technology startup that offers convenient fulfillment services by connecting online retailers with local same-day couriers.The company solves fulfillment for retailers and shoppers by enabling immediate or convenient delivery of online purchases. Its platform creates a marketplace from the capacity of local courier firms and usesretail partners’ local stocks to fulfill purchases. It integrates with all major dispatch software and retailers’ existing technologies.Shutl operates in more than 50 towns across the United Kingdom with a virtual fleet of thousands of couriers who complete 10,000 deliveries every day.Shutl was founded in December 2009 by
  • MarkaVIP — Markavıp is an exclusive, invitation-only online shopping community focused on the Middle Eastern market. The website specializes in offering flash sales to its customers.Markavıp was founded by Ahmed Alkhatib, who previously spent 12 years in Silicon Valley working in the e-commerce industry. The website enjoys memberships from over 3 millionexclusive members across eight Arabic speaking countries including Jordan, Saudi Arabia, UAE, Qatar, Kuwait, Lebanon, Bahrain, and Oman.
  • Beat — Our mission is to help people move around the city quickly and conveniently. Simply put is your City, Your ride, your driver at a tap of a button.
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Nuhma
VC Fund · 2 investments in Belgium Artificial intelligence startups

Namens de Limburgse gemeenten en Laakdal werken we aan duurzaamheid, energie en innovatie via gerichte participaties

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Investment focus

  • Industry: Battery, Software, GreenTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Solithor — Solithor is a company developing solid-state battery technology. It is spearheading the development, manufacturing, and commercialization of solid-state lithium (Li) battery cell technology to offer high-energy storage solutions.
  • Enervalis — Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users.
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ABB Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Belgium Artificial intelligence startups

Learn about ABB Ventures and our investments in transformative industrial technologies.

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Investment focus

  • Industry: Software, Energy, Robotics
  • Stage:Series B, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 74
  • Round size: Series A $3.3M–$20M; Series B $7M–$60M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Pratexo — Pratexo is the intelligent edge computing and distributed cloud platform for industry 4.0 accelerating time to design, test, and provision.
  • UptimeAI — Get precise answers for process anomalies with self-learning OEx solutions rooted in domain SME knowledge, alike the experts you know and trust.
  • LandingAI — LandingAI is on a mission to make the world's documents computable. Agentic Document Extraction helps enterprise developers build document automation pipelines at scale. Accurate, auditable, API-driven document AI.
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Brustart
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Artificial intelligence startups

More than financing alone!The Brussels Regional Investment provides financial support for the creation, reorganization and expansion of private corporations located in the Brussels Capital Region.The G.I.M.B. is an investment company with an overall mission that is open to the vast majority of economic sectors.Application through its ownfunds or quasi-equity funds helps GIMB SMEs in their creation and development: it brings about a financial leverage, to the extent that its intervention allows companies to obtain bank financing easier.Interventions are tailored to the specific nature of each project, either in the form of an investment in capital (minority interest) or in the form of a loan.Besides the investment in the strict sense, the company strives to be the promoters at any time to monitor and assist their company when a decision must be taken.Currently receive more than 350 Brussels companies, which insure thousands of workshops, support GIMB and its affiliates.

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Investment focus

  • Industry: Apps, Music, Big Data
  • Stage:Seed, Angel, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 6
  • Round size: Seed $472k–$932k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Skwarel — SKWAREL is a collaborative web platform that aims to improve the exchange of information between trustees and their clients and to allow small businesses to rely on their accounting to benefit from real management tools .For trustees, the application helps manage accounting records by improving the automation of their work and communicating moreeasily with their clients. For small businesses, the application is presented as a dashboard and allows in particular to communicate with the trustee / accountant but also to anticipate the result, to follow the cash and budget control based on accounting data such as encoded by the trustee.
  • proUnity — The external talent matchmaker. PoUnity unites freelancers, suppliers and companies in cool new missions. The best talent wins and joins innovative projects.
  • MuuseLabs — MuuseLabs offers Jooki, jukebox that is designed for children. It enables children to play music and stories of their choice without the assistance of their parents. MuuseLabs was founded by Theodore Marescaux, Will Moffat, and Pieter Palmers in October 2014.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 2 investments in Belgium Artificial intelligence startups

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

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Investment focus

  • Industry: Biotechnology, Renewable Energy, Software
  • Stage:Series B, Series A, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 48
  • Round size: Series A $4.4M–$13M; Series B $6.6M–$50M; Venture - Series Unknown $4.7M–$39M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Entrix — Entrix is an optimisation and trading platform for grid-scale battery storage that accelerates the transition towards a clean energy future. Our mission is to enable the most effective use of green energy and to ensure the reliability of the future energy system. We provide state-of-the-art technology and services to both asset owners and potentialinvestors across the globe.
  • OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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WING by Digital Wallonia
VC Fund · Liège, Liege, Belgium · 2 investments in Belgium Artificial intelligence startups

W.IN.G by Digital Wallonia invests in SAAS, advanced tech and deep tech startups (AI, drones, medtech, IOT,...). W.IN.G brings smart money by helping startups by bi-weekly interactions and providing an operating teams (seasonal entrepreneurs being hands-on with the portfolio).

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Convertible Note, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 37
  • Round size: Seed $377k–$1.9M; Series A $1.1M–$12M; Convertible Note $61k–$570k
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • IONNYK — Discover IONNYK, the ePaper Digital Art Frame for art and personal photography, combining Electronic Paper (E Ink), patented technology and elegant home design.
  • MYOCENE — Myocene is a Liège-based sports technology company which creates unique and innovative devices for measuring muscle fatigue and performance.
  • Soil Capital Belgium — Discover Europe's first certified, multi-national carbon farming programme that rewards regenerative agriculture.
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Singular
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Artificial intelligence startups, 11 in the past 12 months

Singular is a generalist venture capital firm backing ambitious European entrepreneurs.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: France, Germany, United Kingdom

Investor stats

  • Total investments: 67
  • Round size: Seed $3M–$10M; Series A $10M–$40M; Series B $29M–$60M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • Tsuga — Tsuga is redefining observability for the modern enterprise. Our mission is to deliver next-generation insights, clarity, and control through innovative observability solutions that empower organizations to understand, optimize, and scale their systems with confidence.
  • Restate — From one durable workflow to an entire agent platform: Restate combines execution, state, queues, RPC, flow control, and operations in one low-latency runtime.
  • Basecamp Research — Novel proteins from nature. We sample the most extreme and exciting places on the planet to build the world's largest knowledge graph of natural biodiversity.
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ING Group
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Belgium Artificial intelligence startups, 28 in the past 12 months

Corporate site of ING, a global financial institution of Dutch origin, providing news, investor relations and general information

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Debt Financing, Post-IPO Debt, Series B
  • Geography: United Kingdom, United States, The Netherlands

Investor stats

  • Total investments: 130
  • Round size: Series B $15M–$160M; Post-IPO Debt $149M–$3B; Debt Financing $100M–$1.3B
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • DataVita — Scotland's only Uptime Institute Tier III certified co-location facility. Secure, energy-efficient data centre and connectivity services for businesses across the UK.
  • Retina — Retina si occupa di realizzare infrastrutture nel Mezzogiorno per la produzione di biometano dalla conversione dei reflui zootecnici.
  • Return — We are a club of optimists
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PROfounders Capital
VC Fund · London, England, United Kingdom · 2 investments in Belgium Artificial intelligence startups

We are PROfounders. We are the proactive European early-stage venture fund.

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Investment focus

  • Industry: Software, SaaS, Apps
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Finland

Investor stats

  • Total investments: 95
  • Round size: Seed $1.3M–$7.2M; Series A $3M–$12M; Series B $3.3M–$60M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $87M in 2023

Portfolio highlights

  • Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
  • Kinfolk — Resolve 70% of employee requests, run lifecycle programs on autopilot, gain visibility into service delivery and unlock capacity to scale Workforce Ops.
  • Backbone — AI platform for food & beverage quality teams. Connects standards, audits, supplier data, and customer requirements into one live picture. Automates the admin. Routes the right intelligence to the right person. Faster decisions, fewer blind spots.
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Artificial Intelligence VC funding in Belgium at a glance

Stats across 240 deals from 283 investors.

283
investors
in Belgium Artificial intelligence startups
240
deals
in Belgium Artificial intelligence startups
$2.1M
median round
in Belgium Artificial intelligence startups
52%
lead investors
lead at least one round
32%
Seed
most common funding stage

Access all 283 VC funds in Belgium Artificial intelligence startups.

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