Top 10 B2B VC (Venture Capital) Funds in Belgium in January 2026

Last updated: Jan 2026 A list of 10 VC (Venture Capital) funds that invest in B2b startups based in Belgium. We rank investors based on the number of investments they made in B2b companies from Belgium. We update this investor list every month.

Top 10 B2B VC (Venture Capital) Funds in Belgium in January 2026

Investor	B2B Belgium investments
Limburgse Reconversie Maatschappij	6
SmartFin	5
Axeleo Capital	5
Hi Inov - Dentressangle	2
Newion	1
ING Group	1
LeanSquare	1
Industrya	1
Quincy Jones Productions	1
Sherpa Invest	1

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Investor list

Oxygen for growth - LRM

Investment focus

Information Technology, Software, Biotechnology
Funding Round, Series A, Seed
Belgium, United States, The Netherlands

Portfolio highlights

Cumul.io — Create powerful dashboards in minutes. Share with your teams, or integrate in your platform. Drive growth in your business today!
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.
Raw Stadia — Raw Stadia is a sports technology company that specializes in surface player interactions.

Venture capital fund focussing on European B2B technology companies.

Investment focus

Software, SaaS, Analytics
Series B, Series A, Funding Round
Belgium, The Netherlands, Finland

Portfolio highlights

Timefold — Experts in PlanningAI for complex scheduling and routing
emma — Some meta description
CrazyGames — Play free online games at CrazyGames, the best place to play high-quality browser games. We add new games every day. Have fun!

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

Investment focus

Software, Information Technology, SaaS
Seed, Series A, Pre-Seed
France, United Kingdom, Belgium

Portfolio highlights

Oxyle — Permanently eliminate PFAS from your wastewater. Book a pilot and lead the way to clean, safe waters.
Formance — Numary makes it easy to build complex money-moving software with its open-source ledger & Numscript programming language.
Sitowie — Sitowie develops SaaS technology and tools to understand the degradation of buildings.

Hi inov is a regulated Venture capital management company dedicated to early stage investment in B2B digital start-ups. We have €165M under management. They are 7 investors based in Paris, Lyon and Munich and also have an operating team.Hi Inov supports young and innovative digital BtoB companies from their very beginnings, and stimulates theirlong-term growth to help them become tomorrow’s leading companies.

Investment focus

Software, SaaS, Information Technology
Series A, Series B, Series C
France, Germany, Belgium

Portfolio highlights

Dipeeo — Dipeeo, a BtoB SaaS automation platform, combines GDPR expertise with a BPO platform to manage clients' compliance, it simplifies GDPR compliance, offering personalized support, strengthening businesses and boosting confidence.
Kaiko Systems — Kaiko Systems empowers shipping companies to make smarter, safer, and more collaborative operational and safety decisions through advanced data analysis and intelligent decision support.
Trace For Good — Indispensable collaborative software empowering forward-looking enterprises to know their products and suppliers better.

Newion is a venture capital firm focused on early-stage investments in B2B software companies. Its mission is to support entrepreneurs in building software companies into category leaders that create sustainable impact, and in doing so generate excellent returns to its investors.

Investment focus

Software, SaaS, Information Technology
Series A, Seed, Funding Round
The Netherlands, Belgium, Germany

Portfolio highlights

koppla — koppla is a cloud-based planning and communication tool for LEAN construction sites for both general contractors and subcontractors.
nuwacom — AI that understands your business - nuwacom turns your knowledge into content, collaboration, and automated workflows that scale.
Dexter Energy Services — Maximize short-term trade profits with our comprehensive product suite: wind and solar power forecast, trade and renewables optimization.

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. They serve more than 85 million private, corporate and institutional customers in Europe, North and Latin America, Asia and Australia. They draw on our experience and expertise, their commitment to excellent service andtheir global scale to meet the needs of a broad customer base, comprising individuals, families, small businesses, large corporations, institutions and governments.

Investment focus

Energy, Renewable Energy, FinTech
Debt Financing, Post-IPO Debt, Funding Round
United Kingdom, United States, The Netherlands

Portfolio highlights

Electra — Electra is a platform that provides Charging stations Ultrafast for electric vehicles.
Akaysha Energy — Discover innovative and sustainable renewable energy solutions with Akaysha Energy. Powering Australia's future with clean, reliable energy.
WiseTech Global — WiseTech Global is changing the world of logistics through world-leading software solutions. Find out how you can make an impact by joining our team.

New Economy Startups Investor & Accelerator

Investment focus

Software, Music, Internet
Seed, Funding Round, Series A
Belgium, France, United States

Portfolio highlights

Un:Hurd Music — Welcome to the one stop music marketing shop. We help you understand your audience before creating award winning release strategies.
ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
Base for music — Base for Music is the marketing solution specialized in fan acquisition, enabling you to achieve your growth goals and providing you with transparent da...

We are a hands-on investment fund that operates exclusively in the Industry 4.0, energy and new materials sectors. Industrya is an initiative of the John Cockerill industrial group, which joins together the investment funds of SFPI-FPIM, SRIW-WING, NOSHAQ and LRM.

Investment focus

Industrial, B2B, SaaS
Seed, Funding Round
Belgium, France

Portfolio highlights

PureNat — PureNat is a deep-tech economy company that has developed a brand new patented biomimetic material for the purification of air and sustainable air pollution control solutions.
Get Your Way — Discover the future of assisted reality with Get Your Way's aRdent smart glasses. Perfect for SMEs looking for innovative solutions to improve their business
SpotLight — SpotLight provides breakthrough dynamic detection of subsurface movements.

Quincy Jones Productions is a media and artist management company.

Investment focus

Music, B2B, Gift
Funding Round, Seed
United States, Belgium

Portfolio highlights

HIFI — Join a community advocating for artist-centric financial innovation and transparency. Access pioneering technologies and financial services tailored to the unique needs of music rightsholders.
Musimap — Musimap helps you to play the right music / promote the right artist or album / insert the right advertisement / promote the right product or brand to the right audience!
Songfinch — Give a unique gift with an original song from Songfinch. The perfect gift for anniversaries, birthdays, holidays, wedding or just to say "I love yo...

Sherpa Invest is active in all economic sectors and concentrates on Belgian-based companies that show strong growth potential â€“ and a competitive advantage.