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Top 25 CleanTech Startup Investors in Belgium (August 2026)

The most active venture capital funds and angel investors investing in Belgium CleanTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium CleanTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Finance.Brussels
VC Fund
2 Belgium, France Seed, Series A, Series B Software, Information Technology, SaaS $1.5M–$15M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
2 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
Aperam Ventures
VC Fund
1 Belgium, Germany Pre-Seed, Venture - Series Unknown Manufacturing, CleanTech, Renewable Energy
Après-demain
VC Fund
1 France, Belgium, Germany Seed, Private Equity CleanTech, AgTech, Energy $1.5M–$4.4M
Apic Investments
VC Fund
1 Germany, Austria, Belgium Series A, Seed Real Estate, Software, Big Data $3.8M–$15M
Ventech
VC Fund
1 France, Germany, United States Series A, Series B, Seed Software, E-Commerce, Internet $1.2M–$68M
Limburgse Reconversie Maatschappij
VC Fund
1 Belgium, The Netherlands, United States Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
Climate Club
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed Software, Manufacturing, Renewable Energy $1.1M–$6.7M
PMV
VC Fund
1 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$42M
Gimv
VC Fund
1 Belgium, United States, France Series B, Series A Biotechnology, Health Care, Medical $3.3M–$79M
Nivelinvest
VC Fund
1 Belgium, United States Series A, Seed Biotechnology, iOS, Sports $6.6M–$31M
AMAVI Capital
VC Fund
1 France, Sweden, Spain Series A, Venture - Series Unknown, Seed Real Estate, Information Technology, Software $1.2M–$21M
invest.bw
VC Fund
1 Belgium, United States Seed, Pre-Seed, Series A Electronics, Biotechnology, Manufacturing $2.9M–$43M
WE International
VC Fund
1 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
European Union
VC Fund
1 Belgium Pre-Seed Fashion, Textiles, CleanTech
Noshaq
VC Fund
1 Belgium, France, United States Seed, Series A Biotechnology, Medical Device, Manufacturing $5.3M–$43M
Capricorn Partners
VC Fund
1 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$42M
S.R.I.W.
VC Fund
1 Belgium, United States, Spain Series A, Series B Health Care, Biotechnology, Manufacturing $411k–$75M
Seeder Fund
VC Fund
1 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$8M
Innogy Venture Capital
VC Fund
1 Germany, Sweden, United States Series A, Series B Energy, CleanTech, Renewable Energy $2.5M–$7.7M
JK Invest
VC Fund
1 Belgium, Germany Seed, Pre-Seed Software, Electric Vehicle, SaaS $1.1M–$4M
AFI Ventures
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, GreenTech $588k–$11M
H&M Foundation - Global Change Award
VC Fund
1 India, United States, United Kingdom Grant, Seed, Pre-Seed Textiles, Recycling, Biotechnology $20k–$216k
Noman Ahmed
Angel
1 Belgium Pre-Seed Software, CleanTech, Smart Cities
Lune Ventures
VC Fund
1 Belgium Pre-Seed CleanTech, Manufacturing, Renewable Energy
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Investor list

Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium CleanTech startups

Regional Investment Company of Brussels

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France

Investor stats

  • Total investments: 25
  • Round size: Seed $1.5M–$5.4M; Series A $2.3M–$7M; Series B $3.4M–$15M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • AI-Blox — A modular & flexible hardware and software platform for edge AI applications.
  • Otamiser — Otamiser Booster® is an automated solution that helps hoteliers and revenue managers secure bookings by improving a property's online presence on major OTAs such as Booking.com, Expedia, Trips.com, Kayak, Airbnb, and VRBO. It maximizes occupancy rates and revenue through optimizing 951 essential parameters, ensuring continuous optimization,full automation, seamless integration with CMS, PMS, and RMS systems, dedicated customer support, integrations with Cubilis and Hostaway, and a customized API for Revenue Management software.
  • AILOS Robotics — AILOS Robotics offers advanced solutions in robotics and automation for various industries.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium CleanTech 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 $261k–$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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Aperam Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Belgium CleanTech startups

Aperam Ventures, a subsidiary of the steel company Aperam Group

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Investment focus

  • Industry: Manufacturing, CleanTech, Renewable Energy
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Belgium, Germany

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • mecorad — get in touch Radar measurement for the steel industry mecorad offers radar-based in-line measurement & optimization for the steel industry and hot
  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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Après-demain
VC Fund · Lausanne, Vaud, Switzerland · 1 investments in Belgium CleanTech startups

Après-demain is an investment banking that operates in life sciences, real estate, private equity, and asset diversification divisions.

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Investment focus

  • Industry: CleanTech, AgTech, Energy
  • Stage:Seed, Private Equity
  • Geography: France, Belgium, Germany

Investor stats

  • Total investments: 4
  • Round size: Seed $1.5M–$4.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Permafungi — Permafungi's elegant, biodegradable packaging. Grown using mycelium and recycled waste, our solutions are 100% natural and made in Belgium.
  • DESTIA Group — DESTIA Group is a provider of personal services to different aged people.
  • EcoPals GmbH — Ecopals offers a sustainable and high-performance asphalt additive.
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Apic Investments
VC Fund · Berlin, Berlin, Germany · 1 investments in Belgium CleanTech startups

Apic Investments is an early-stage focused Venture Capital, investing in PropTech and RetailTech companies. Apic Investments' goal is to help build start-ups and to accelerate their business models with capital, industry expertise, and a network.

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Investment focus

  • Industry: Real Estate, Software, Big Data
  • Stage:Series A, Seed
  • Geography: Germany, Austria, Belgium

Investor stats

  • Total investments: 17
  • Round size: Series A $3.8M–$15M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Cosuno — Cosunos vision is to connect all players of the construction industry, transforming their collaboration to drive efficiency through software and best customer experience.Cosuno is evaluating how general contractors, property developers and architects can master the challenges posed by high process costs and a lack of transparency in theprocurement of subcontractors. And this is just the beginning. Cosuno is constantly driving change in the construction industry with innovative methods and digital processes by developing and continuously improving simple and transparent solutions.
  • Evernest — Evernest has developed a technology platform for real estate agents to make the entire process of residential real estate transactions more efficient. With the help of its full-service brokerage platform, smart marketing services and digitized support processes, Evernest offers a transparent and personalized experience for agents as well asproperty buyers and sellers. Founded in late 2019, currently more than 100 people are working for Evernest in Hamburg and Berlin, Germany.
  • Storebox — Storebox is the first fully digitized self-storage solution in Europe, with more than 140 locations in Austria, Germany, Switzerland and Luxembourg. We offer storage spaces for private and business purposes, which are automatically accessible at any time. With our successful and recently awarded franchise system, we manage to grow and will continueto expand within Europe.Storebox is more than just a self-storage system. FULL-SERVICE CLICK & COLLECT Click & Collect directly in your neighbourhood? Storebox allows you to quickly and easily expand the Click & Collect offer for your customers to new districts, cities and countries. We coordinate the transport and customer communication for you.MICRO-HUBS FOR THE LAST MILE Use central warehouse locations in urban areas as a starting point for the last mile. Storebox as a micro-depot offers you the fastest way to your customers, allowing you to save time, money and emissions. Customer proximity and responsiveness through local storage: Benefit from our strategically positioned storage units and serve the needs of your customers as quickly as possible. At the same time, you can reduce unnecessarily driven kilometres by your employees in the field and thus save time and money.SPARE PARTS WAREHOUSE FOR SERVICE TECHNICIANS With Storebox you can store spare parts and goods directly where they will be used. In this way, you are in close proximity to the customer and save yourself long travel times for collecting the materials from a central warehouse. Create more efficiency by receiving deliveries of goods 24/7 directly to the Storebox and returning them if necessary.
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Ventech
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium CleanTech startups

On-the-ground expert investors in early-stage digital. Ready to meet you, wherever you are.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 203
  • Round size: Seed $1.2M–$6.6M; Series A $3.8M–$18M; Series B $5.6M–$68M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Botify — Search engines miss about half the content on enterprise websites. Uncover those hidden opportunities with Botify, the leading enterprise SEO platform!
  • Crobox — Crobox's next generation guided selling solution humanizes your product data and discovery experience with product finders and product data enrichment.
  • mediarithmics — A sustainable and privacy-first next-Gen Data Platform to deliver advanced use cases for leading retail, media and broadcast players. We also provide you with the most advanced solutions for a cookieless and compliant future.
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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium CleanTech 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: 97
  • Round size: Seed $494k–$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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Climate Club
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium CleanTech startups

Made with Softr, the easiest way to turn your data into internal tools and client portals. No coding required.

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Investment focus

  • Industry: Software, Manufacturing, Renewable Energy
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium, Germany

Investor stats

  • Total investments: 15
  • Round size: Seed $1.1M–$6.7M; Pre-Seed $1.4M–$2.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ecair — Ecair provides software for indoor air quality and energy management. The platform aggregates data from connected sensors to track pollutants, CO2, humidity, temperature, and particulate matter in real time. Dashboards, alerts, and APIs support building operations, facility managers, and ESG teams. Algorithms estimate exposure, flag ventilationissues, and suggest HVAC adjustments to balance comfort, health, and energy use. Reporting tools support certifications and compliance, and data exports integrate with BMS, CMMS, and data warehouses. Services include device provisioning, calibration management, and analytics consulting for multi-site portfolios.
  • Triple Bio — Triple Bio is a biotech startup focused on improving productivity and sustainability in dairy and beef production using biological and data‑driven technologies.
  • Nelson Mobility — Nelson Mobility is a software dedicated to the energy transition of company vehicle fleets.
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium CleanTech startups, 12 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: 156
  • Round size: Seed $1M–$3.8M; Series A $2.7M–$40M; Series B $6.6M–$42M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 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
  • 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.
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Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 1 investments in Belgium CleanTech 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 $622M 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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Access 48,091 investors

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

Browse database — It's Free!
Nivelinvest
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 1 investments in Belgium CleanTech startups

Nivelinvest is a venture capital firm based in Belgium that finances seed stage investments of Small and Medium Enterprises.

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Investment focus

  • Industry: Biotechnology, iOS, Sports
  • Stage:Series A, Seed
  • Geography: Belgium, United States

Investor stats

  • Total investments: 6
  • Round size: Series A $6.6M–$31M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • A-Mansia Biotech — A-Mansia Biotech is a developer of products based on the properties of the Akkermansia muciniphila (A. muciniphila) bacterium. The company's nutritional supplement based on a gut bacterium called Akkermansia, the population of microorganisms housed in the gastrointestinal tract. A. muciniphila is located in the mucus layer covering theintestinal epithelium, which allows the bacterium to establish a close cross-talk with the host.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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AMAVI Capital
VC Fund · Eke, Oost-Vlaanderen, Belgium · 1 investments in Belgium CleanTech startups

AMAVI is an independent and dedicated Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry, with a geographical focus on the Benelux, Nordics, Germany, Switzerland and France. AMAVI aims to create a bridge between the traditional real estate industry on the one hand and themost groundbreaking European PropTech companies on the other hand, by leveraging on its combined expertise and network from the real estate, technology and private equity industry. AMAVI partners with the world-shapers, creating companies that radically change the places we live, work and relax in today.

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Investment focus

  • Industry: Real Estate, Information Technology, Software
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: France, Sweden, Spain

Investor stats

  • Total investments: 16
  • Round size: Series A $5.9M–$21M; Venture - Series Unknown $1.2M–$5.8M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2021

Portfolio highlights

  • Cintoo — Cintoo is essential for BIM to bridge the gap between your physical and virtual worlds.
  • HolaCamp — HolaCamp is a campsite operating company focused on enhancing value to traditionally owner-managed businesses through digitalization and investment with extensive experience in glamping tent distribution for major events, joined the project.
  • Leko Labs — LEKO LABS is accelerating the global transition to carbon negative construction with building materials powered by AI optimisation and robotic manufacturing.
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invest.bw
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 1 investments in Belgium CleanTech startups

invest.bw is a venture capital firm.

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Investment focus

  • Industry: Electronics, Biotechnology, Manufacturing
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $2.9M–$43M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
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WE International
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium CleanTech startups, 7 in the past 12 months

WE International is a financial firm that provides an array of loans, funding, acquisition, and investment services.

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Investment focus

  • Industry: Health Care, Energy, Biotechnology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 23
  • Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • VolitionRx — We are dedicated to revolutionizing the diagnosis and monitoring of life-altering diseases by advancing the science of epigenetics.
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European Union
VC Fund · 1 investments in Belgium CleanTech startups

The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe.

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Investment focus

  • Industry: Fashion, Textiles, CleanTech
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

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

Portfolio highlights

  • Resortecs — Resortecs is an award-winning start-up that develops heat-dissolvable stitching threads and thermal disassembly systems that make textile recycling easy.
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Noshaq
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium CleanTech startups

The province's economic redistribution and development are facilitated by the Noshaq group.

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Investment focus

  • Industry: Biotechnology, Medical Device, Manufacturing
  • Stage:Seed, Series A
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $5.4M–$43M; Series A $5.3M–$19M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Lisaqua — Lisaqua is developing a unique aquaculture process to raise prawns without antibiotics and without polluting waste
  • LIFEPOWR — Discover FlexiO: Balancing the energy grid used to be reserved for large power plants, but thanks to FlexiO, end-users can now also play a role.
  • Brenus Pharma — Brenus Pharma is an allogeneic platform to generate immune therapy ambitioning to harness patient immune system & prevent cancer resistance over treatment.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 1 investments in Belgium CleanTech 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: 120
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$42M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Sensolus — Sensolus provides care-free tracking of your valuable non-powered assets directly from the cloud.Sensolus offers turnkey solutions for wireless, low-power context-aware sensing. Sensolus developed a personal product line of low-power tracker systems called STICKNTRACK.Sensolus is built upon many years of expertise in low-power networks,wireless sensor design, cloud-based sensor management, analytics, and applications.
  • 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.
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S.R.I.W.
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium CleanTech startups

The S.R.I.W. Group is an institution at the heart of the financial market that assists entrepreneurs in creating and developing businesses in the Walloon region. It reflects the effort of Wallonian industry in facing the challenges of the creation of economic value in the 21st century. Since its creation in 1979, the Société Régionaled’Investissement de Wallonie has continuously been expanding its abilities to adapt and anticipate as well as its flexibility in order to meet the requirements of its partners who are confronted with the evolution of the world economy. The principles of good governance, a strong business culture and shared values at the heart of the Group constitute important assets to capture the changing realities of the market and progress in a sustainable development perspective.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Series A, Series B
  • Geography: Belgium, United States, Spain

Investor stats

  • Total investments: 111
  • Round size: Series A $411k–$31M; Series B $1.6M–$75M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Univercells — Mix parlay, atau lebih dikenal sebagai parlay bola atau hanya parlay, merupakan taruhan judi bola online yang menggabungkan minimal 2 hingga 10 tim pertandingan sepak bola menjadi 1 tiket taruhan.
  • Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
  • Santero Therapeutics — This is the homepage of the website
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium CleanTech 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: 37
  • Round size: Seed $384k–$2.6M; Pre-Seed $212k–$2.4M; Series A $3.3M–$8M
  • Lead/follow: 24% lead, 76% 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.
  • Visiblie — Track and optimize your brand across ChatGPT, Claude, Gemini, and Perplexity. Monitor AI mentions, analyze competitors, and grow AI search visibility.
  • Kando — Voice & Visual assistant and software for caregiver
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Innogy Venture Capital
VC Fund · Essen, Nordrhein-Westfalen, Germany · 1 investments in Belgium CleanTech startups

Innogy Venture Capital is a fund management company in distributed energy solutions. The company focuses on investments in European startup companies that provide solutions and new business models shaping the future energy market. With a final closing size of EUR 115 million, the currently managed "Innogy Renewables Technology Fund I" isa leading early stage investor in this segment in Europe. The fund's sponsors are RWE Innogy and CEE Holding. RWE Innogy pools within the German utility RWE the expertise for construction and operation of renewable energy generation assets. CEE Holding is an investment company of Bankhaus Lampe Group, focusing on renewable energy generation.

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Investment focus

  • Industry: Energy, CleanTech, Renewable Energy
  • Stage:Series A, Series B
  • Geography: Germany, Sweden, United States

Investor stats

  • Total investments: 17
  • Round size: Series A $2.5M–$7.7M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $135M in 2010

Portfolio highlights

  • Enercast — enercast is a leading technology provider for weather-based artificial intelligence and the digital transformation of renewable energy. Its self-learning SaaS products deliver accurate power generation forecasts for wind and solar plants, thus enabling the integration of renewable energy into power grids and energy markets worldwide. The enercast platform supplies the digital actors of the emerging decentralized energy system with the intelligence they need to manage limited resources with foresight.
  • Heliatek — As the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based onits unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany.The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.
  • eSmart Systems — ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
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JK Invest
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium CleanTech startups

JK Invest is a a Belgian investment fund.

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Investment focus

  • Industry: Software, Electric Vehicle, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, Germany

Investor stats

  • Total investments: 4
  • Round size: Seed $1.1M–$4M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Ringtime — Make more placements with the same team. The AI screening agent that reaches frontline candidates via WhatsApp and phone, in 22+ languages.
  • k2-mobility — Operators of heavy vehicle fleets are facing one of the most significant transformational challenges by switching to electric vehicles. The additional time for battery charging, the limited vehicle range as well as diligent planning of energy consumption need to be dynamically integrated and accounted for in their daily operations. K2Mobility's software PANION has a real-time connection to the transport and tour plans, to the vehicles, the chargers and the grid and is planning and optimizing charging for operational excellence, energy cost and Total Cost of Ownership.
  • ScoptVision — Scoptvision offers customizable white label energy management software designed to optimize energy consumption and production.
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AFI Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium CleanTech startups

Alliance For Impact (AFI) is a category-defining structure for impact companies combining equity-free acceleration with first-ticket seed funding.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, GreenTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, Belgium, Germany

Investor stats

  • Total investments: 45
  • Round size: Seed $1.5M–$7.8M; Pre-Seed $588k–$3.8M; Series A $3.5M–$11M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • TaiSan — A polymer-electrolyte sodium battery for the e-bike and scooter fleet.
  • Bohr Energy — Bohr Energy is an artificial intelligence firm that aims to make the energy market accessible to independent producers.
  • Nepsis — AI-powered software and debt advisory for renewable energy developers. Modern financing solutions for small & medium renewable projects.
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H&M Foundation - Global Change Award
VC Fund · 1 investments in Belgium CleanTech startups

WINNER CALL FILM The latest

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Investment focus

  • Industry: Textiles, Recycling, Biotechnology
  • Stage:Grant, Seed, Pre-Seed
  • Geography: India, United States, United Kingdom

Investor stats

  • Total investments: 23
  • Round size: Grant $20k–$216k
  • Lead/follow: 96% lead, 4% follow

Portfolio highlights

  • SXD — We create beautiful, 100% zero-waste designs that you'll never want to take off
  • Tereform — Tereform is a company that operates in the chemical engineering, manufacturing, and recycling industries. The company's mission is to enable textile-to-textile recycling, addressing the issue of textile waste. Tereform combines various technologies and processes to achieve this goal. The company is particularly focused on promoting circularitywithin the fashion and textile industries, aiming to reduce the environmental impact of these sectors.
  • ALGreen.Tech
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Noman Ahmed
Angel · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium CleanTech startups

Noman Ahmed is a Founder, CEO & CTO at SmartEnds. He Attended Karlsruhe Institute of Technology (KIT).

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Investment focus

  • Industry: Software, CleanTech, Smart Cities
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

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

Portfolio highlights

  • SmartEnds — At BrighterBins we produce cost-effective smart sensors for municipal waste pickup. Our smart sensors prevent overflowing bins keeping cities clean and collect data enabling route optimization for waste pickup trucks. This means less heavy traffic, less CO2 emissions, and greener cities.
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Lune Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium CleanTech startups

Lune Ventures is a investment firm that helps tech, energy, and real estate to grow businesess.

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Investment focus

  • Industry: CleanTech, Manufacturing, Renewable Energy
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

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

Portfolio highlights

  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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CleanTech Investor funding in Belgium at a glance

Stats across 15 deals from 35 investors.

35
investors
in Belgium CleanTech startups
15
deals
in Belgium CleanTech startups
$2.2M
median round
in Belgium CleanTech startups
46%
lead investors
lead at least one round
27%
Pre-Seed
most common funding stage
97/3
VC / Angel
share of investor count

Access all 35 investors in Belgium CleanTech startups.

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