# Top 50 Biotech VC (Venture Capital) Funds in Belgium in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 15 | Belgium, United States, The Netherlands | Series A, Seed | Software, Biotechnology, Health Care |
| S.R.I.W. | 14 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| V-Bio Ventures | 14 | Belgium, France, United States | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Gemma Frisius Fund | 12 | Belgium, France, United Kingdom | Seed, Series B, Series A | Biotechnology, Health Care, Medical |
| Meusinvest (Noshaq) | 12 | Belgium, France, Germany | Series A, Seed | Biotechnology, Health Care, Medical |
| Qbic Fund | 11 | Belgium, The Netherlands | Seed, Series A | Biotechnology, Software, Health Care |
| VIB | 11 | Belgium, Brazil, Denmark | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Gimv | 9 | Belgium, United States, France | Series B, Series A | Biotechnology, Health Care, Medical |
| Vives Louvain Technology Fund | 9 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical |
| Limburgse Reconversie Maatschappij | 8 | Belgium, United States, The Netherlands | Seed, Series A | Information Technology, Software, Biotechnology |
| Capricorn Partners | 7 | Belgium, United States, The Netherlands | Series A, Series B | Biotechnology, Health Care, Software |
| Vesalius Biocapital Partners | 6 | Belgium, Germany, France | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Sambrinvest | 6 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Medical |
| Newton Biocapital | 6 | Belgium, Japan, France | Series A, Seed | Biotechnology, Medical, Pharmaceutical |
| EQT Life Sciences | 5 | United States, The Netherlands, Switzerland | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| KBC | 4 | Belgium, United States, France | Seed, Series A, Series B | Biotechnology, Health Care, FinTech |
| Baekeland Funds | 4 | Belgium | Series B, Series C | Biotechnology, Hardware, Software |
| Boehringer Ingelheim Venture Fund | 4 | United States, Germany, Switzerland | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Novo Holdings | 4 | United States, Denmark, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Spinventure | 4 | Belgium | Series A | Health Care, Biotechnology, Medical |
| Omnes Capital | 4 | France, Germany, United States | Series A, Series B | Software, Biotechnology, Health Care |
| Droia Ventures | 4 | United States, Belgium, The Netherlands | Series A, Series B, Series C | Biotechnology, Medical, Health Care |
| Theodorus III | 3 | Belgium, Canada, France | Seed, Series A | Health Care, Life Science, Medical |
| Fund+ | 3 | Belgium, United States, Spain | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| UCB Ventures | 3 | United States, Belgium, Spain | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| AdBio partners | 3 | France, Spain, Belgium | Seed, Series A | Biotechnology, Health Care, Pharmaceutical |
| VIVES Funds | 3 | Belgium, France, Switzerland | Seed, Series A, Series B | Biotechnology, Therapeutics, Medical |
| BioGeneration Ventures | 3 | The Netherlands, United States, Belgium | Series A, Seed | Biotechnology, Therapeutics, Health Care |
| Mérieux Equity Partners | 3 | France, United States, Belgium | Series A, Private Equity | Health Care, Biotechnology, Medical Device |
| Forbion Capital Partners | 3 | United States, United Kingdom, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| New Science Ventures | 3 | United States, United Kingdom, Belgium | Series B, Series A | Biotechnology, Health Care, Medical |
| Inventures SA | 3 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Biotechnology, Manufacturing |
| Fountain Healthcare Partners | 3 | Ireland, United States, France | Series A, Series B, Series C | Health Care, Biotechnology, Medical |
| Agri Investment Fund | 3 | Belgium, Switzerland, United Kingdom | Series A, Seed | Biotechnology, Agriculture, AgTech |
| Nivelinvest | 3 | Belgium, United States | Series A, Seed | Biotechnology, iOS, Sports |
| Sofinnova Investments | 2 | United States, France, Switzerland | Series B, Series A, Series C | Biotechnology, Health Care, Pharmaceutical |
| Innovation Fund | 2 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Information Technology |
| Ackermans & van Haaren | 2 | Belgium, India, The Netherlands | Series B, Series A, Series C | Health Care, Medical, Biotechnology |
| Capital-E | 2 | Belgium, United States, Germany | Series B, Series A | Software, Manufacturing, Semiconductor |
| Eli Lilly | 2 | United States, United Kingdom, Canada | Series A, Series B | Biotechnology, Health Care, Medical |
| Thuja Capital | 2 | The Netherlands, Belgium, United States | Series A, Seed | Biotechnology, Medical, Health Care |
| invest.bw | 2 | United States | Seed | Health Care, Neuroscience |
| SFPI-FPIM | 2 | Belgium, United States, France | Series B, Series A | Health Care, Biotechnology, Medical Device |
| Pontifax | 2 | United States, Israel, France | Series A, Series B, Series C | Biotechnology, Health Care, Pharmaceutical |
| HTGF (High-Tech Gruenderfonds) | 2 | Germany, Switzerland, United States | Seed, Series A | Software, Biotechnology, Information Technology |
| Qbic | 2 | Belgium | Seed, Series B | Health Care, Biotechnology, AgTech |
| GoBeyond | 2 | Switzerland, Germany, United Kingdom | Seed, Series A | Information Technology, Medical, Software |
| Johnson & Johnson Innovation | 2 | United States, Israel, France | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Vinnof | 2 | Belgium, United Kingdom | Series A, Series B | Biotechnology, Health Care, Medical |
| Sofinnova Partners | 2 | France, United States, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |