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Top 10 Clean Energy Startup Investors in Belgium (September 2026)

The most active venture capital funds and angel investors investing in Belgium Clean Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Clean Energy startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Gimv
VC Fund
2 Belgium, United States, France Series B, Series A Biotechnology, Health Care, Medical $3.3M–$79M
Erol Iren
Angel
1 Turkey, Belgium, United States Seed, Angel, Pre-Seed Battery, Clean Energy, Biotechnology $235k–$4.5M
Innovative Power
VC Fund
1 Belgium Pre-Seed Clean Energy
AXE Investments N.V.
VC Fund
1 Belgium Energy, Recycling, Clean Energy
Ark Angels Activator Fund
VC Fund
1 Belgium Series A, Seed Software, Information Technology, SaaS $932k–$4.9M
Timothy Macken
Angel
1 Belgium Pre-Seed Clean Energy
CarbonFix
VC Fund
1 The Netherlands, Canada, Belgium Seed, Pre-Seed Sustainability, Environmental Consulting, CleanTech $1.2M–$5.4M
Limburgse Reconversie Maatschappij
VC Fund
1 Belgium, The Netherlands, United States Seed, Series A Information Technology, Software, Biotechnology $658k–$11M
Edgard Vermeersch
Angel
1 Belgium CRM, Energy, Software
Alychlo
VC Fund
1 Belgium, United States Series D, Series A, Series E CRM, Energy, Rental $30M–$32M
Access all 17 investors in Belgium Clean Energy startups.

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Investor list

Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 2 investments in Belgium Clean Energy startups

Gimv, a trusted European investment company, helps mid-market businesses create sustainable value through growth capital and expertise across diverse sectors.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 171
  • Round size: Series A $3.3M–$79M; Series B $8.8M–$73M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $838M in 2010

Portfolio highlights

  • spineart — Spineart is a privately held medical device company focused on simplifying the surgical act by designing, developing and promoting safe and efficient solutions to spine surgeons, operating room teams, and patients.
  • NovoPolymers — NovoPolymers NV is a company, with the vision and mission to develop and produce sustainable solutions for primarily the photovoltaic market.
  • Kinaset Therapeutics — Kinaset Therapeutics is a therapeutics company that focuses on the advancement of novel drugs in areas of unmet medical needs. The company was founded in 2020 and is headquartered in Medfield, Massachusetts.
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Erol Iren
Angel · Istanbul, Istanbul, Turkey · 1 investments in Belgium Clean Energy startups

Erol Iren

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Investment focus

  • Industry: Battery, Clean Energy, Biotechnology
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Turkey, Belgium, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $235k–$4.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Astracite — Sustainable, European-made graphite-silicon composite anode materials for better lithium-ion batteries.
  • Plastic Move — Plastic Move engages in the production of bio-based and bio-degradable bioplastics made of waste bread.
  • Innovasion Labs PINC — Next Generation of Energy Storage
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Innovative Power
VC Fund · 1 investments in Belgium Clean Energy startups

Innovative Power is building up the department of contacting and combining efficient energy production with local load management

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Investment focus

  • Industry: Clean Energy
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Astracite — Sustainable, European-made graphite-silicon composite anode materials for better lithium-ion batteries.
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AXE Investments N.V.
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Belgium Clean Energy startups

AXE Investments is a joint venture between the holding companies Anacom and Ackermans & van Haaren and is part of the AXE Group

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Investment focus

  • Industry: Energy, Recycling, Clean Energy
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • REstore — REstore is the award-winning energy technology company, specialized in Demand Side Management and leading the fast-growing European Primary Reserve / Frequency control market, and operates in all ancillary services and capacity markets in France, UK, Germany and Benelux. FlexPond™. REstore's AI-platform, is used by +150 of the largestC&I consumers and the largest top 50-utilities. FlexTreo™, offered to large C&I consumers, is REstore's latest solution to monetise flexibility.
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Clean Energy 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, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 20
  • Round size: Seed $932k–$1.6M; Series A $1.3M–$4.9M
  • 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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Timothy Macken
Angel · 1 investments in Belgium Clean Energy startups

Timothy Macken is an angel investor.

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Investment focus

  • Industry: Clean Energy
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Astracite — Sustainable, European-made graphite-silicon composite anode materials for better lithium-ion batteries.
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CarbonFix
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Belgium Clean Energy startups

CarbonFix is a network of climate innovators. It acts as a foundation to support initiatives and help them scale-up by connecting them to people, relevant expertise or adjacent industries.

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Investment focus

  • Industry: Sustainability, Environmental Consulting, CleanTech
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Canada, Belgium

Investor stats

  • Total investments: 5
  • Round size: Seed $1.2M–$5.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Astracite — Sustainable, European-made graphite-silicon composite anode materials for better lithium-ion batteries.
  • StratX — StratX installs engineered landfill covers that destroy methane and lock away carbon dioxide, while financing and operating the systems at no cost to the landfill.
  • Skyrenu Technologies — Skyrenu Technologies develops and markets direct atmospheric systems based on its patented technology.
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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Clean Energy startups

Oxygen for growth - LRM

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $658k–$5.2M; Series A $1.6M–$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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Edgard Vermeersch
Angel · Ghent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Clean Energy startups

Edgard Vermeersch - Owner @ Itineris

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Investment focus

  • Industry: CRM, Energy, Software
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Itineris — Our cloud-based solution is built on the Microsoft Dynamics 365 platform and is specifically designed to meet the needs of Utility businesses.
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Alychlo
VC Fund · 1 investments in Belgium Clean Energy startups

Alychlo

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Investment focus

  • Industry: CRM, Energy, Rental
  • Stage:Series D, Series A, Series E
  • Geography: Belgium, United States

Investor stats

  • Total investments: 8
  • Round size: Series D $30M–$32M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Lizy — Goedkoper tweedehands leasen. LIZY is uw referentieplatform voor onmiddellijk beschikbare autoleasing. | Lize Leasing
  • banqUP — the all-in-one digital platform for businesses of any size
  • miDiagnostics — miDiagnostics is developing a comprehensive menu of syndromic tests for screening, diagnosis and monitoring of a wide range of health conditions.
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Clean Energy Investor funding in Belgium at a glance

Stats across 8 deals from 17 investors.

17
investors
in Belgium Clean Energy startups
8
deals
in Belgium Clean Energy startups
$8.8M
median round
in Belgium Clean Energy startups
24%
lead investors
lead at least one round
25%
Venture - Series Unknown
most common funding stage
82/18
VC / Angel
share of investor count

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