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Top 5 Clean Energy VC Funds & Investors in Belgium (June 2026)

The most active venture capital funds 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 Seed, Series A or Series B 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–$69M
Alychlo
VC Fund
1 Belgium, United States Series D, Series E CRM, Energy, Medical
Limburgse Reconversie Maatschappij
VC Fund
1 Belgium, United States, The Netherlands Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
Ark Angels Activator Fund
VC Fund
1 Belgium Series A, Seed Software, Information Technology, SaaS $932k–$7.4M
AXE Investments N.V.
VC Fund
1 Belgium Energy, Recycling, Clean Energy
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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: 162
  • Round size: Series A $3.3M–$65M; Series B $7M–$69M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $622M in 2010

Portfolio highlights

  • Mediar Therapeutics — Mediar Therapeutics is a preclinical stage biotechnology company developing antibody-based therapeutics to halt fibrosis in a variety of organ systems, including lung, liver, kidney, and skin.
  • ImCheck Therapeutics — ImCheck Therapeutics is a developer of immuno-modulatory antibodies designed for the treatment of cancer and other immune-related diseases. The company's services are engaged in the discovery and development of immunomodulators for treating breast cancer, gastric, ovarian cancer cells and other solid solid tumours.
  • ImmunOs Therapeutics — ImmunOs Therapeutics AG is a clinical-stage biotechnology company focused on discovering and developing next generation and novel human immunomodulatory proteins with a role in both innate and adaptive immunity.Their mission is to develop the next generation of novel therapeutics that will improve the lives of patients with serious disease.
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Alychlo
VC Fund · 1 investments in Belgium Clean Energy startups

Alychlo

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Lizy — Goedkoper tweedehands leasen. LIZY is uw referentieplatform voor onmiddellijk beschikbare autoleasing. | Lize Leasing
  • Itineris — Our cloud-based solution is built on the Microsoft Dynamics 365 platform and is specifically designed to meet the needs of Utility businesses.
  • SOPHiA GENETICS — Helping clinicians to generate real-time, actionable insights for patients with cancer and rare disorders.
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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, United States, The Netherlands

Investor stats

  • Total investments: 86
  • Round size: Seed $494k–$5.2M; Series A $1.6M–$11M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • 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.
  • MobieTrain — Train, connect and empower your frontline teams in minutes. MobieTrain boosts onboarding, training, engagement, and performance. All in one simple platform
  • TrendMiner — TrendMinder designs and delivers a fast, powerful and intuitive industrial analytics platform for everyone in operations to make smarter, data-driven decisions.
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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 $1.2M–$7.4M
  • 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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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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Clean Energy VC funding in Belgium at a glance

Stats across 6 deals from 9 investors.

9
investors
in Belgium Clean Energy startups
6
deals
in Belgium Clean Energy startups
$11M
median round
in Belgium Clean Energy startups
33%
lead investors
lead at least one round
17%
Series B
most common funding stage

Access all 9 VC funds in Belgium Clean Energy startups.

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