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Top 50 Climate VC Funds & Investors in Belgium (August 2026)

The most active venture capital funds investing in Belgium Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Climate startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
PMV
VC Fund
17 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$42M
Limburgse Reconversie Maatschappij
VC Fund
14 Belgium, The Netherlands, United States Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
Innovation Fund
VC Fund
9 Belgium, France, Luxembourg Seed, Series A Health Care, Manufacturing, Biotechnology $329k–$6M
Qbic Fund
VC Fund
9 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $906k–$28M
Gemma Frisius Fund
VC Fund
7 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Medical, Health Care $634k–$84M
imec.xpand
VC Fund
6 Belgium, United States, Germany Seed, Series A, Series B Semiconductor, Manufacturing, Medical Device $3.3M–$100M
S.R.I.W.
VC Fund
6 Belgium, United States, Spain Series A, Series B Health Care, Biotechnology, Manufacturing $411k–$75M
Industrya
VC Fund
5 France, Belgium Seed, Series A, Venture - Series Unknown Industrial, Manufacturing, Logistics $946k–$6.7M
Meusinvest (Noshaq)
VC Fund
5 Belgium, France, Germany Series A, Seed, Series B Biotechnology, Health Care, Medical $137k–$31M
The Faktory Fund
VC Fund
4 Belgium, France, United States Seed, Venture - Series Unknown Software, Analytics, Information Technology $1.1M–$22M
Finance.Brussels
VC Fund
4 Belgium, France Seed, Series A, Series B Software, Information Technology, SaaS $1.5M–$15M
QBIC II
VC Fund
4 Belgium Series B, Seed Biotechnology, Industrial, Construction $22M–$64M
Gimv
VC Fund
4 Belgium, United States, France Series B, Series A Biotechnology, Health Care, Medical $3.3M–$79M
Finindus
VC Fund
4 Belgium, United States, Sweden Series A, Seed Manufacturing, Industrial, Renewable Energy $1.3M–$27M
HCVC
VC Fund
4 United States, France, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Robotics $920k–$30M
Noshaq
VC Fund
3 Belgium, France, United States Seed, Series A Biotechnology, Medical Device, Manufacturing $5.3M–$43M
SFPIM
VC Fund
3 Belgium, France, Switzerland Series A, Venture - Series Unknown Biotechnology, Health Care, Semiconductor $8.6M–$251M
Index Ventures
VC Fund
3 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.4M–$100M
Fidimec
VC Fund
3 Belgium Seed, Series A Industrial, Semiconductor, Medical $2.2M–$7.7M
LeanSquare
VC Fund
3 Belgium, France, United States Seed, Series A Software, Music, Information Technology $200k–$12M
Nuhma
VC Fund
3 Belgium Seed, Series A Battery, Software, GreenTech
Korys
VC Fund
3 Belgium, The Netherlands, Germany Series B, Series A Biotechnology, Renewable Energy, Information Technology $4.4M–$50M
imec.istart Future Fund
VC Fund
3 Belgium, United Kingdom Seed, Pre-Seed, Series A Health Care, Medical Device, Satellite Communication $1.2M–$5.7M
Eurazeo
VC Fund
3 France, United States, Germany Series B, Seed Software, Information Technology, Health Care $3.2M–$125M
Seeder Fund
VC Fund
3 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$8M
KBC Focus Fund
VC Fund
3 Belgium, The Netherlands, France Seed, Series A, Venture - Series Unknown Semiconductor, Manufacturing, Electronics $1.2M–$22M
WE International
VC Fund
3 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
Capricorn Partners
VC Fund
3 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$42M
Otium Capital
VC Fund
2 France, Spain, United States Seed, Series A Software, Health Care, E-Commerce $1.2M–$17M
Bloc Ventures
VC Fund
2 United Kingdom, Israel, Belgium Seed, Series A Software, Internet of Things, Financial Services $655k–$16M
ABB Ventures
VC Fund
2 United States, United Kingdom, Canada Series B, Series A Software, Energy, Robotics $3M–$60M
Knife Capital
VC Fund
2 South Africa, United States, United Kingdom Series A, Seed Software, Information Technology, Education $2M–$15M
Ark Angels Activator Fund
VC Fund
2 Belgium Series A, Seed Software, Information Technology, SaaS $932k–$4.9M
Buysse & Partners
VC Fund
2 Belgium, United Kingdom, The Netherlands Series A, Seed, Venture - Series Unknown Software, Cloud Computing, FinTech $1.1M–$11M
Euroclear
VC Fund
2 United Kingdom, Spain, France Corporate Round, Series A, Series B Financial Services, Finance, FinTech
Airborn
VC Fund
2 Belgium, United States Pre-Seed Software, CleanTech, GreenTech $730k–$1.1M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
2 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
VCT Vector Gestion
VC Fund
2 Belgium Seed Computer, Electronics, Manufacturing $21M–$43M
Namur Invest
VC Fund
2 Belgium, United States Series A, Seed Health Care, Medical Device, Auctions $658k–$18M
invest.bw
VC Fund
2 Belgium, United States Seed, Pre-Seed, Series A Electronics, Biotechnology, Manufacturing $2.9M–$43M
New Science Ventures
VC Fund
2 United States, United Kingdom, Belgium Series B, Series A, Series D Biotechnology, Health Care, Medical $4M–$52M
SmartFin
VC Fund
2 Belgium, The Netherlands, Turkey Series A, Series B, Seed Software, SaaS, Information Technology $549k–$30M
XAnge
VC Fund
2 France, Germany, Belgium Series A, Seed, Series B Software, SaaS, E-Commerce $1.1M–$75M
Elia Group
VC Fund
2 Belgium, Germany, Macedonia Seed, Series A, Private Equity Energy, Solar, Software $3.4M–$4.4M
Kima Ventures
VC Fund
2 France, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $589k–$16M
The CoFoundry
VC Fund
2 Belgium, The Netherlands, United States Seed, Series A Software, SaaS, Security $878k–$4.3M
VIGO Ventures
VC Fund
2 Poland, Germany, Spain Seed, Pre-Seed, Series A Manufacturing, Laser, Electronics $1.1M–$7.7M
Greyhound Capital
VC Fund
2 United States, India, United Kingdom Series B, Seed, Series A Financial Services, FinTech, Banking $1M–$66M
NewSpace Capital
VC Fund
2 United States, France, Belgium Series C, Series A Aerospace, Military, Space Travel $27M–$270M
Gogreen Capital
VC Fund
2 Belgium, France Seed, Series A AgTech, Hardware, Agriculture
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Investor list

PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 17 investments in Belgium Climate 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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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 14 investments in Belgium Climate 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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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 9 investments in Belgium Climate startups

Chemical, Advanced Materials, Cosmetics, Recycling, CleanTech, Plastics and Rubber Manufacturing, Nanotechnology, Biosciences

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Investment focus

  • Industry: Health Care, Manufacturing, Biotechnology
  • Stage:Seed, Series A
  • Geography: Belgium, France, Luxembourg

Investor stats

  • Total investments: 31
  • Round size: Seed $329k–$6M; Series A $2.2M–$5.7M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Iristick — Iristick smart glasses are the most balanced and lightweight on the market. A phone-tethered, comfortable hands-free solution for the deskless workforce.
  • Proceedix — Proceedix is a Software as a Service-based central platform to manage enterprise procedures, work instructions and checks in an easy way, while making the remote execution paperless and mobile. With Proceedix you can run your company's procedures, work instructions and checks anytime, anywhere, on Android Phone, tablet and Google Glass.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 9 investments in Belgium Climate startups

The Qbic Fund is a multi-sector fund supporting spin-off companies of the Ghent, Brussels and Antwerp university associations and of VITO. Through its strategic partnership with the universities of Ghent, Brussels and Antwerp, and VITO, the Qbic Fund has early and privileged access to promising research projects at these partner universities. Ourinvestment approach is based on early in-depth and independent review and analysis followed by hands on involvement and support.In May 2012 the Qbic Fund held its first close and currently it has over € 30 million under management. The Qbic Fund is backed by several public and private investors and managed by Qbic Venture Partners.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 61
  • Round size: Seed $1.3M–$7.4M; Series A $906k–$28M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • Firecell — Firecell is a Telecommunications Industry.
  • Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
  • Sightera Biosciences — Revolutionizing drug discovery through AI-powered analysis of patient-derived models for breakthrough therapeutics in cancer and regenerative medicine.
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Gemma Frisius Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 7 investments in Belgium Climate startups

Gemma Frisius Fund KU Leuven is a seed capital fund that aims to stimulate the creation and growth of university related spin-off companies.

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Investment focus

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

Investor stats

  • Total investments: 40
  • Round size: Seed $634k–$4.6M; Series A $932k–$84M; Series B $4.7M–$24M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Runeasi — The first scientifically validated wearable solution to measure impact while running and detect how your body responds to it - Perform real-time biomechanical assessments - Guide your athletes and patients with actionable insights to help them run more efficiently and recover from injuries with confidence
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
  • Aspect Analytics — Beyond bioinformatics. Building intelligent platform solutions for mass spectrometry imaging data analysis. #AI4MSI
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imec.xpand
VC Fund · Leuven, Vlaams-Brabant, Belgium · 6 investments in Belgium Climate startups, 8 in the past 12 months

Expanding nanotechnology into business.

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Investment focus

  • Industry: Semiconductor, Manufacturing, Medical Device
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, United States, Germany

Investor stats

  • Total investments: 54
  • Round size: Seed $3.3M–$23M; Series A $8.7M–$56M; Series B $12M–$100M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $351M in 2024

Portfolio highlights

  • Invisix — Invisix shrinks the metrology wavelength with soft x-ray light to measure next-gen 3D chips and extend Moore's law for semiconductor makers.
  • Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
  • NEURA Robotics — Cognitive Robotics for Real-World Applications: NEURA Robotics enables safe and smart robot integration for Industry, Work and Everyday Life
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S.R.I.W.
VC Fund · Liège, Liege, Belgium · 6 investments in Belgium Climate 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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Industrya
VC Fund · Seraing, Liege, Belgium · 5 investments in Belgium Climate startups

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.

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Investment focus

  • Industry: Industrial, Manufacturing, Logistics
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: France, Belgium

Investor stats

  • Total investments: 13
  • Round size: Seed $1M–$4.2M; Series A $3.2M–$6.7M; Venture - Series Unknown $946k–$4M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • 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
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 5 investments in Belgium Climate startups

Noshaq offers financial services to help businesses develop.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, France, Germany

Investor stats

  • Total investments: 78
  • Round size: Seed $137k–$6M; Series A $3.6M–$16M; Series B $680k–$31M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • TrustUp — TrustUp is the home contractors platform, connects homeowners with verified quality home improvement.
  • Le Fourgon — Le Fourgon provides contained drinks for home delivery. They offer milk, water, beer, wine, fruit juice, and sodas. They allow customers to have their drinks delivered free of charge during the day.
  • Allegro Biotech — Allegro has developed the world’s-first custom-tailored, durable, biocompatible, anisotropic, regenerative meniscus cartilage, providing immediate support while also leverage the body’s own healing potential to regenerate human cartilage (proliferation and differentiation of fibrochondrocyte cells).
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 4 investments in Belgium Climate startups

The Faktory is a hub for business ideas based on any disruptive technology with a high potential in international niche markets: ICT, Health, Environment, Media, Broadcast and more.

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Investment focus

  • Industry: Software, Analytics, Information Technology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 23
  • Round size: Seed $1.1M–$4.2M; Venture - Series Unknown $2.1M–$22M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • IVEX — IVEX offers Repeatable and Scalable Testing & Validation Data Analytics solutions for ADAS/AD Vehicles.
  • 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.
  • xyzt.ai — xyzt.ai is a SaaS platform for ANALYTICS, REPORTING and VISUALIZATION of big location data in the Maritime & Ports, Smart City and Logistics industries. EASY & EFFORTLESS
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Access 48,091 investors

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

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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Climate 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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QBIC II
VC Fund · 4 investments in Belgium Climate startups

QBIC II

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Investment focus

  • Industry: Biotechnology, Industrial, Construction
  • Stage:Series B, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 9
  • Round size: Series B $22M–$64M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • MRM Health NV — MRM Health NV, is a biopharmaceutical company focused on the discovery and development of innovative therapeutics based on the human microbiome. MRM Health was incorporated early 2020 by MRM Technologies, a Center of Expertise for microbiome research based in the biotech cluster in Ghent, in a joint venture with the Flemish Institute ofBiotechnology (VIB), an excellence-based entrepreneurial life sciences research institute in Flanders, Belgium, that focuses on translating basic scientific results into pharmaceutical, agricultural and industrial applications.
  • EyeD Pharma — We are EyeD Pharma, a clinical stage pharmaceutical company dedicated to improve the life of patients suffering from ophthalmic diseases.
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Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 4 investments in Belgium Climate 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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Finindus
VC Fund · Zelzate, Oost-Vlaanderen, Belgium · 4 investments in Belgium Climate startups

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

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Investment focus

  • Industry: Manufacturing, Industrial, Renewable Energy
  • Stage:Series A, Seed
  • Geography: Belgium, United States, Sweden

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$5.4M; Series A $3.4M–$27M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Ventory — Ventory is an affordable, intuitive, and easy-to-use platform that gives field professionals full visibility and real-time control over remote inventory.
  • Immaterial — Facilitating the energy transition with advanced materials.
  • Tretau — E-mobility is powered by its core - the electric motor. We at Tau are at the very core of the core: the copper winding wire, the magnetic core, the electrical steel.We just make it bet.
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HCVC
VC Fund · Paris, Ile-de-France, France · 4 investments in Belgium Climate startups

HCVC is an early-stage Venture Capital firm backing hardtech companies worldwide. Beyond its fund, HCVC supports hardtech founders through Hardware Club, a selective global community of 500+ startups with dedicated resources, partnerships and events.

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Investment focus

  • Industry: Software, Artificial Intelligence, Robotics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, United Kingdom

Investor stats

  • Total investments: 93
  • Round size: Seed $920k–$11M; Pre-Seed $1.4M–$5.2M; Series A $5.2M–$30M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • NavierAI — Custom engineering agents for CAD, CFD, meshing, and simulation workflows.
  • Chiral — Next-generation electronics with nanomaterials
  • Surge — SurgeCare leverages immune profiling and AI to reveal early immune signatures and drive better decisions in surgery, trauma, infection, and beyond.
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Noshaq
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Climate 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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SFPIM
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Climate startups, 8 in the past 12 months

SFPIM investment firm that invests in technology and infrastructure.

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Investment focus

  • Industry: Biotechnology, Health Care, Semiconductor
  • Stage:Series A, Venture - Series Unknown
  • Geography: Belgium, France, Switzerland

Investor stats

  • Total investments: 26
  • Round size: Series A $8.6M–$57M; Venture - Series Unknown $11M–$251M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • D-CRBN — D-CRBN recycles CO2 for industrials through our patented CCU plasma technology. We use plasma to convert CO2 emissions to useful chemical building blocks. Our plasma process splits CO2 molecules into their original building blocks to make e-fuels, chemicals, or polymers to ultimately achieve a circular and more sustainable economy. Battling global warming will be the toughest environmental challenge that our society has ever faced. We have set our objectives to help reduce CO2 emissions, reaching a carbon-neutral society by 2050. Launch your CO2 recycling initiative at your plant, go net-zero and join us to Sparc* the new industrial revolution.
  • 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.
  • 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.
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Index Ventures
VC Fund · San Francisco, California, United States · 3 investments in Belgium Climate startups

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

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Investment focus

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

Investor stats

  • Total investments: 1178
  • Round size: Seed $1.4M–$16M; Series A $5M–$38M; Series B $10M–$100M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2015

Portfolio highlights

  • Humu — Confidently achieve your most ambitious goals. Give everyone the personalized, step-by-step support they need to take the best route towards big, shared finish lines.
  • auxmoney — Auxmoney is an online peer-to-peer loan marketplace created to offer a means of exchange between people. Its lending platform enables private consumers to borrow from private investors for personal loans, thereby providing borrowers a bank free borrowing system and a return on investment for lenders.
  • Molecular Partners — Molecular Partners is a clinical-stage biopharmaceutical company working to advance modern medicine and significantly improve the management of serious diseases. They are developing a powerful new class of potent, specific and versatile small protein therapies called DARPin® therapeutics.
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Fidimec
VC Fund · Leuven, Vlaams-Brabant, Belgium · 3 investments in Belgium Climate startups

Fidimec is a Belgium-based venture capital firm that offers investment and incubation services for seed stage startups.

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Investment focus

  • Industry: Industrial, Semiconductor, Medical
  • Stage:Seed, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 7
  • Round size: Seed $2.7M–$4.9M; Series A $2.2M–$7.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • MICLEDI Microdisplays — MICLEDI Microdisplays is an experienced executive in the semiconductor industry,
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LeanSquare
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Climate startups

New Economy Startups Investor & Accelerator

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Investment focus

  • Industry: Software, Music, Information Technology
  • Stage:Seed, Series A
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $200k–$2M; Series A $247k–$12M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • Gamevestor — Be more than a player. Invest in expert-selected video game projects and earn a share of their commercial revenues.
  • CityLegends — A home for urban sports & culture partners of CityLegends. Making the lines.
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Nuhma
VC Fund · 3 investments in Belgium Climate startups

Namens de Limburgse gemeenten en Laakdal werken we aan duurzaamheid, energie en innovatie via gerichte participaties

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Investment focus

  • Industry: Battery, Software, GreenTech
  • Stage:Seed, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Solithor — Solithor is a company developing solid-state battery technology. It is spearheading the development, manufacturing, and commercialization of solid-state lithium (Li) battery cell technology to offer high-energy storage solutions.
  • Enervalis — Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 3 investments in Belgium Climate startups

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

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Investment focus

  • Industry: Biotechnology, Renewable Energy, Information Technology
  • Stage:Series B, Series A
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 48
  • Round size: Series A $4.4M–$13M; Series B $6.4M–$50M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Entrix — Entrix is an optimisation and trading platform for grid-scale battery storage that accelerates the transition towards a clean energy future. Our mission is to enable the most effective use of green energy and to ensure the reliability of the future energy system. We provide state-of-the-art technology and services to both asset owners and potentialinvestors across the globe.
  • OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
  • Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
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imec.istart Future Fund
VC Fund · Antwerp, Antwerpen, Belgium · 3 investments in Belgium Climate startups

Early-stage venture capital fund focused on alumni of the imec.istart accelerator and exceptional tech founders building in Applied AI, Spacetech, Healthtech, and Deep Tech. Based in Antwerp, Belgium.

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Investment focus

  • Industry: Health Care, Medical Device, Satellite Communication
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $1.2M–$5.7M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • EDGX — EDGX, founded in 2023 in Ghent, is a Belgian Space Tech company developing high-speed edge computing units for satellites. Its NVIDIA-powered Sterna Computer and SpaceFeather software enable real-time, AI-driven on-orbit data processing for applications in communication, Earth observation, and intelligence.
  • nxgsat — We build interoperable satellite networks.
  • OnTracx — OnTracx measures and manages the load your body experiences, step by step. Our sensor captures real-time load during any run, bringing lab-level precision to real-world conditions. The app empowers runners to monitor their progress, while OnTracx Pro gives professionals the tools for load screenings, training program creation, and effortless athlete follow-up.
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Eurazeo
VC Fund · Paris, Ile-de-France, France · 3 investments in Belgium Climate startups

Eurazeo is a private equity and venture capital firm that invests in SMEs and manages a diversified portfolio of assets.With its expertise in private equity, real estate, and private debt, the group supports companies of all sizes in their development commitment through the commitment of its 235 professionals. It provides companies with thenecessary investments needed to realize their growth potential.The firm was founded in 1969 and is based in Paris, Ile-de-France, France.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Series B, Seed
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 312
  • Round size: Seed $3.2M–$16M; Series B $17M–$125M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Q Mixers — Q Mixers is a food and beverage company that makes carbonated mixers, beverages crafted from real ingredients.Its products are available in bars and restaurants, as well as in groceries and liquor stores. Flavors available: Ginger Beer, Tonic Water, Indian Tonic Water, Ginger Ale, Club Soda, Grapefruit, and Kola.It was established by JordanSilbert and Ben Karlin in Brooklyn, New York in 2007.
  • Dewey’s Bakery — Dewey’s Bakery has had the privilege of offering customers deliciously sweet and savory treats that reflect the local flavors we love. Our products are baked with care, and our passion is creating moments that bring people together to slow down, celebrate life and enjoy the moment. Our bakery has become a beloved part of our hometown ofWinston-Salem, NC, and we’re now proud to offer our cookies and crackers nationwide so we can continue to delight taste buds from coast to coast!
  • Celcius Logistics Solutions — India's Largest 'ONLINE " cold chain network.Book reefer vehicles, Cold Storages or get booking for your vehicle and cold storages across India instantly with the best price
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Climate 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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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Climate startups

The KBC Focus Fund is a € 50 million venture capital fund that leverages the network of KBC in our investments. As we are an evergreen fund, we always strive for an exit when market conditions are favourable.

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Investment focus

  • Industry: Semiconductor, Manufacturing, Electronics
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, France

Investor stats

  • Total investments: 26
  • Round size: Seed $1.2M–$8.2M; Series A $2.7M–$17M; Venture - Series Unknown $1.5M–$22M
  • Lead/follow: 27% lead, 73% 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.
  • Hummink — Dream Smaller Now : Experience a revolution with Hummink's world's smallest fountain pen. Redefine micro-scale writing with our innovative technology.
  • CoolSem Technologies — CoolSem Technologies, based in Eindhoven, the Netherlands, was founded in 2025. The startup develops innovative wafer-level thermal management technologies that reduce thermal resistance and minimize mechanical stress in advanced semiconductor and photonic devices. With its WaLTIS multilayer stack, CoolSem replaces conventional substrates with aspecially designed layer structure that optimizes heat flow, stability and reliability.
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WE International
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Climate 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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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 3 investments in Belgium Climate 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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Otium Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Climate startups

In 2015, two independant investment teams were created in Paris inside Otium Capital, Pierre-Edouard Stérin's family office:* Otium Venture, focused on Seed investments in Tech companies (€40m invested in 14 companies among which Payfit, Doctrine, Owkin...)* Otium Brands, focused on Seed & Series A investments in Consumer GoodscompaniesIn 2019, the two teams spun off to become independant investment firms:* Otium Venture became frst* Otium Brands became Eutopia

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: France, Spain, United States

Investor stats

  • Total investments: 99
  • Round size: Seed $1.2M–$7.2M; Series A $3.3M–$17M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $204M in 2015

Portfolio highlights

  • PayFit — Simplify payroll with UK payroll software that automates tasks, saving time and reducing stress.
  • Comet — Comet is a platform that connects organisations with skilled independent consultants in technology, data, and AI. It enables companies to access expertise for digital projects by combining talent screening with AI-powered matching. It also fosters innovation through its AI lab, supporting businesses in navigating complex technologicaltransformations.
  • Source{d} — source{d} provides the technology for large-scale code analysis and machine learning on code.
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Bloc Ventures
VC Fund · London, England, United Kingdom · 2 investments in Belgium Climate startups

Bloc is a specialist deep tech investor. We back ambitious entrepreneurs building products across cloud, connectivity, data science and security with the potential to impact whole industries.

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Investment focus

  • Industry: Software, Internet of Things, Financial Services
  • Stage:Seed, Series A
  • Geography: United Kingdom, Israel, Belgium

Investor stats

  • Total investments: 24
  • Round size: Seed $655k–$6.6M; Series A $2.2M–$16M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • AccelerComm — Our patented, market-leading IP solutions for 4G and 5G are configurable for quick, high-performance implementations across a wide range of applications.
  • Crypta Labs — Crypta Labs is a London-based quantum security startup specialising in the development of Quantum Random Number Generator chip and software to secure Industrial Internet of Things (IIoTs).They are currently working with the UK Centre for Defence Enterprise, part of the Ministry of Defence, to build them a bespoke Quantum Random Number Generatorused to seed encryption. We're one of a handful of companies in the world that can do this, and the ONLY one in the world (which they know of) that are commercialising this on a MOBILE phone. Winner of the Cybersecurity Awards for ‘Cyber Security Start-Up of the Year’, named by Hewlett Packard Enterprise as Top 5 UK Startups Revolutionising Enterprise Tech and Venture Radar UK’s Hottest New Fintech Startups, Crypta Labs scientific and technology advancement means we're one the leading scientific Startups that is tackling the problems of securing Industrial Internet of Things.
  • Zeetta Networks — Zeetta Networks spun out of the renowned High-Performance Networks Group of Bristol University in 2015 to commercialise the group’s leading Network Virtualisation & Slicing technology. Our patent-protected software technology, NetOS®, enables network operators to virtualise their networks, and then automate operations and expose the network’scapabilities in a way that cannot be done today by any of Zeetta’s competitors. We have strong market traction and engaged with world leading players, including Deutsche Telecom, Orange, BT, Colt, Facebook, and Vodafone, amongst others. Moreover, NetOS® includes a powerful Virtualization Engine which uniquely operates across different types of networks. This enables the development of “network slices” i.e. logical and isolated sub-networks which can be used like real physical networks for the development of applications. Network Virtualization enables the most efficient use of the network resources because they can be shared among many users with guaranteed Quality of Service (QoS) for each service and user.
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ABB Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Belgium Climate startups

Learn about ABB Ventures and our investments in transformative industrial technologies.

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Investment focus

  • Industry: Software, Energy, Robotics
  • Stage:Series B, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 73
  • Round size: Series A $3M–$20M; Series B $7M–$60M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Pratexo — Pratexo is the intelligent edge computing and distributed cloud platform for industry 4.0 accelerating time to design, test, and provision.
  • UptimeAI — Get precise answers for process anomalies with self-learning OEx solutions rooted in domain SME knowledge, alike the experts you know and trust.
  • LandingAI — LandingAI is on a mission to make the world's documents computable. Agentic Document Extraction helps enterprise developers build document automation pipelines at scale. Accurate, auditable, API-driven document AI.
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Knife Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Belgium Climate startups

Knife Capital is an independent growth equity investment firm focusing on innovation-driven ventures with proven traction. By leveraging knowledge, networks & funding, Knife accelerates the international expansion of entrepreneurial businesses that achieved a product/market fit in a beachhead market. Knife have offices in Cape Town andLondon.Knife invests via a consortium of funding partnerships, including SARS section 12J Venture Capital Company KNF Ventures and select family offices. Knife facilitated lucrative exits of local technology companies to the likes of General Electric, Visa, Garmin and Uber.

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Investment focus

  • Industry: Software, Information Technology, Education
  • Stage:Series A, Seed
  • Geography: South Africa, United States, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Series A $2M–$15M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2021

Portfolio highlights

  • Cue — Cue is a customer service software company that empowers you with WhatsApp Business solutions to boost customer satisfaction, and drive growth.
  • Pura Soda — Discover PURA's refreshing beverages and live a little PURA.
  • Optique Optometrists — Optique Optometrists provides comprehensive eye care services, including eye tests, prescription glasses, and contact lenses. The company offers affordable eye care solutions and has multiple branches across South Africa. Customers can book appointments online and access a wide range of eyewear options. Optique Optometrists focuses on deliveringquality vision care and ensuring customer satisfaction through professional services and convenient booking options.
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 2 investments in Belgium Climate 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–$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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Buysse & Partners
VC Fund · Antwerpen, Antwerpen, Belgium · 2 investments in Belgium Climate startups

Buysse and Partners is a private equity investment group based in Antwerpen that offers smart equity, a growth fund, and partnerships.

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Investment focus

  • Industry: Software, Cloud Computing, FinTech
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Belgium, United Kingdom, The Netherlands

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$2M; Series A $3.9M–$11M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $23M in 2012

Portfolio highlights

  • Twikit — Deliver unforgettable customer experiences with real time 3D product configurators, linked to your existing order and manufacturing flows.
  • Bluebee — Delivering a streamlined way for users to analyze, explore, and manage large-scale genomics data in the cloud.
  • moonbird — Hold moonbird in your hand and breathe along. A tactile, screen-free breathing coach trusted by 80,000+ users for less stress, better sleep, and more calm.
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Euroclear
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Climate startups

Euroclear group is the financial industry’s trusted provider of post-trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities, and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation, andefficiency at scale for its global client franchise.

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Investment focus

  • Industry: Financial Services, Finance, FinTech
  • Stage:Corporate Round, Series A, Series B
  • Geography: United Kingdom, Spain, France

Investor stats

  • Total investments: 10
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • Proxymity — Announcing our Newest Partnership
  • Marketnode — Marketnode, backed by Euroclear, HSBC, SGX Group and Temasek, is APAC's trusted and neutral digital market infrastructure
  • Inversis Spanish — At Inversis you will find solutions tailored and integrated with your business model.
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Airborn
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Belgium Climate startups

Airborn fund is investing in founders with impact

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Investment focus

  • Industry: Software, CleanTech, GreenTech
  • Stage:Pre-Seed
  • Geography: Belgium, United States

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $730k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genvision — Genvision measures CO2 removal in nature. By analyzing satellite images of nature with AI, we are solving the world's biggest challenge in its transition to carbon neutrality.
  • 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!
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Climate 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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VCT Vector Gestion
VC Fund · Nyon, Vaud, Switzerland · 2 investments in Belgium Climate startups

VCT Vector Gestion is a wealth management company that offers financial services.

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Investment focus

  • Industry: Computer, Electronics, Manufacturing
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Round size: Seed $21M–$43M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
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Namur Invest
VC Fund · Namur, Namur, Belgium · 2 investments in Belgium Climate startups

Namur Invest Group provides companies with financing solutions in various forms adapted to their needs, to strengthen their financial.

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Investment focus

  • Industry: Health Care, Medical Device, Auctions
  • Stage:Series A, Seed
  • Geography: Belgium, United States

Investor stats

  • Total investments: 8
  • Round size: Series A $658k–$18M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Invineo — Invineo design and development of a "smart machine" for catering and hospitality professionals.
  • VolitionRx — We are dedicated to revolutionizing the diagnosis and monitoring of life-altering diseases by advancing the science of epigenetics.
  • Sunrise — Sunrise aims to bring simple answers to millions of people suffering from sleep disorders.We have developed a 3-gram sensor to diagnose sleep with gold standard quality. The technology offers a revolutionary new way to measure brain commands at night, with published clinical results never seen before. Studies demonstrate Sunrise is as accurate asin-lab sleep studies, at a fraction of the cost.Affecting one in three people, sleep disorders are extremely common. Sleep apnea is the most prevalent disease with almost 1 billion persons concerned. This condition leads to great body damage over time and yet remains undiagnosed in 80% of the cases.Patients, caregiver and insurers stand to benefit greatly from a solution to current highly cumbersome, expensive and time-consuming diagnostics systems.
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invest.bw
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 2 investments in Belgium Climate 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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New Science Ventures
VC Fund · New York, New York, United States · 2 investments in Belgium Climate startups

New Science Ventures is a venture capital firm that focuses on investments in life sciences and information technology companies. They invest in early and late stage companies taking novel scientific approaches to address significant unmet needs, while creating order-of-magnitude improvements in performances. The company also invests in companiesusing science-based innovations to address market needs in life sciences such as pharmaceuticals, biologics, medical devices, diagnostics, and IT. The team of the company expertise in strategy and corporate planning, operations and cost management, and leadership development.

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Investment focus

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

Investor stats

  • Total investments: 87
  • Round size: Series A $4M–$49M; Series B $8M–$52M; Series D $5M–$38M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $4.9M in 2020

Portfolio highlights

  • EXTEN Technologies — EXTEN HyperDynamic software platform solves the primary challenges of today's data centers: the necessity of keeping up with surging data density, velocity, and volume requirements, and the need for increased application agility.
  • BrightVolt — BrightVolt is an innovative manufacturer of solid-state thin & flexible lithium polymer batteries and power-efficient thin & flexible microelectronics for IoT clients. It specializes in the fields of battery, electronics, and manufacturing. BrightVolt got recapitalization in November 13, 2013.
  • Trellis Bioscience — Trellis Bioscience develops a technology platform for cellular informatics. The company's technology has applications in the discovery and production of therapeutic monoclonal antibodies. Its cell biology platform provides a direct readout at the single cell level for monitoring activity of diverse cell types and quantifying the impact ofpotential therapeutic interventions. The company is based in San Francisco, California.
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Climate startups

Venture capital fund focussing on European B2B technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: Belgium, The Netherlands, Turkey

Investor stats

  • Total investments: 58
  • Round size: Seed $549k–$6.7M; Series A $5M–$13M; Series B $5.3M–$30M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2020

Portfolio highlights

  • Timefold — Experts in PlanningAI for complex scheduling and routing
  • Auditstage — The first AI-powered workspace for financial auditors. Automate manual workflows, draft working papers, and scale your firm with human-in-the-loop AI agents.
  • BrightAnalytics — Intuitive, reliable and fast. Consolidated reporting from BrightAnalytics.
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XAnge
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Climate startups

XAnge is a Franco-German team of venture capital investors that manages €450 million and invests in digital, deeptech, and impact startups.It is the innovation brand of the Siparex group, a major player in French private equity. XAnge is a key European investor in early-stage startups and is looking for game-changing startups and entrepreneurswho rock the code[s].The Paris, Ile-de-France-located company was founded in 2004.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: France, Germany, Belgium

Investor stats

  • Total investments: 233
  • Round size: Seed $1.1M–$8M; Series A $3M–$22M; Series B $6.6M–$75M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $234M in 2021

Portfolio highlights

  • HABX — habx provides real estate developers with a digital solution enabling the personalization of new housing units
  • ELDIM — Eldim proposes photometric and calorimetric products of instrumentation allowing to qualify the ergonomic parameters and the quality of the image of the flat screens. Its customers (manufacturers of components or sreen-Sharp, Sony, Samsung, -or integrators-IBM, Apple, Valeo, Honeywell, Nokia, Motorola-) are mainly foreigns.
  • SunaCare — SunaCare specializes in the nationwide placement of private nurses from the (adjoining) EU-countries.The company's services offer care-supporting senior care at home, enabling people to get cares from Germany and neighboring countries that provide 24-hour care on-site.
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Elia Group
VC Fund · Brunelles, Centre, France · 2 investments in Belgium Climate startups

With a reliability level of 99.999 percent, Elia Group provides society with a robust electricity grid. We operate an electricity transmission system with voltage levels between 30 and 400 kilovolt (kV), and 50Hertz transports electricity over high-voltage levels of 150, 220 and 380 kilovolts (kV).

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Investment focus

  • Industry: Energy, Solar, Software
  • Stage:Seed, Series A, Private Equity
  • Geography: Belgium, Germany, Macedonia

Investor stats

  • Total investments: 4
  • Round size: Seed $3.4M–$4.4M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Enervalis — Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users.
  • re.alto energy — We ensure security of supply, serve our customers and protect the safety of our personnel and subcontractors. Discover how.
  • AE Solar Horizon — AE Solar Horizon operates as a manufacture of solar PV panels.
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Kima Ventures
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Climate startups

Kima Ventures promotes the growth of startups, supporting them in the fastest and most effective ways.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 633
  • Round size: Seed $600k–$6M; Pre-Seed $589k–$3.8M; Series A $1.2M–$16M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Hoora — Hoora is a mobile gaming platform that offers an instant, scrollable feed of over 200 casual and arcade mini-games playable without downloads or waiting.
  • Shiplong — Shiplog gives every customer a live profile and decides the next best action in real time, so you expand, retain and grow revenue from the customers you already have.
  • Explora Project — Explora Project is specializing in adventure travel and expeditions to the 4 corners of the planet and all environments.
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The CoFoundry
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Belgium Climate startups

The CoFoundry helps entrepreneurs transform their ideas into sustainable companies. Some say we cut through the funding hype and work hard to give your business a sustainable future.

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Investment focus

  • Industry: Software, SaaS, Security
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 14
  • Round size: Series A $878k–$4.3M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • MyCellHub — MyCellHub.com is a pre-startup from the KULeuven in the biotherapeutics industry that aspires to reform the way cell production processes are organised. With a regulatory compliant Saas-platform for data management and analytics, we increase the efficiency of your manufacturing processes, provide actionable insights via cell culture specificprocess analytics and facilitate regulatory compliance by means of a real-time audit trail and automated batch records.
  • Vaultspeed — Save your teams months of headache with a no-code approach to automate your multi-source data integration, Data Vault modeling & ETL/DDL code generation.
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VIGO Ventures
VC Fund · Warszawa, Mazowieckie, Poland · 2 investments in Belgium Climate startups

VIGO Ventures is an investment group supporting cutting edge R&D photonic teams in technology development and commercialization. The focus is on photonics and its relation to numerous applications spreading across industries on the ground and in space. We are drawn to experts dedicated and determined to scale globally.One of our strategicpartners is VIGO System (https://www.vigo.com.pl/en) a joint stock company and a global leader in production of high operating temperature IR detectors. VIGO System supplies unique products, manufactured with the use of internally developed technology and the aid of its highly specialized team. Our second strategic partner is Warsaw Equity Group (https://www.warsawequity.com/?lang=en) a privately held investment company with over 20 years track record of successfully supporting business ventures both by investing their own capital, as well as by providing ongoing operational and strategic support for active investment projects. We are a part of a larger ecosystem and offer long term business support for our portfolio companies which includes possible next round financing.

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Investment focus

  • Industry: Manufacturing, Laser, Electronics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, Germany, Spain

Investor stats

  • Total investments: 12
  • Round size: Seed $1.1M–$7.7M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Aegiq — Scalable networking with quantum security and data links. Fibre QKD with optimised deployment costs and satellite QKD for maximum uptime | high-performance quantum photonics and single-photon sources - Aegiq
  • QustomDot — QustomDot brings unmatched colors through quantum dot (QD) color conversion. Our team combines QD synthesis, surface engineering and ink/photoresist formulation into patterned color conversion layers for emerging display technologies like microLED.
  • Fluence.technology — High-performance femtosecond lasers designed for seamless integration and drift-free stability in 24/7 operations.
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Greyhound Capital
VC Fund · London, England, United Kingdom · 2 investments in Belgium Climate startups

Global growth equity investment firm focused on technology-enabled businesses improving everyday lives

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Investment focus

  • Industry: Financial Services, FinTech, Banking
  • Stage:Series B, Seed, Series A
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $1M–$24M; Series A $7.4M–$34M; Series B $16M–$66M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Jota — Jota: The platform handles finances for individual entrepreneurs and business owners by allowing them to instantly pay, collect receivables, and manage their day-to-day operations with voice notes, text messages, and images through an AI-first chat conversation. All tasks are free and executed in seconds. Designed to save time and money, Jotaempowers its clients to focus on what truly matters to them.
  • Doss — Tools for teams that work in the real world. Level-up your email and spreadsheet-centric processes with our Adaptive Resource Platform (ARP).
  • Pivot — Pivot operates as a fintech company.
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NewSpace Capital
VC Fund · Münsbach, Luxembourg, Luxembourg · 2 investments in Belgium Climate startups

Down-to-Earth Investments in Space. NewSpace Capital is a leading space-focused Private Equity firm. Learn more, here.

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Investment focus

  • Industry: Aerospace, Military, Space Travel
  • Stage:Series C, Series A
  • Geography: United States, France, Belgium

Investor stats

  • Total investments: 10
  • Round size: Series C $27M–$270M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Cailabs — Cailabs is a global leader in free-space optical communications. Its dual-use Optical Ground Stations (OGS) are deployed worldwide by leading satellite operators and agencies such as SES, ESA and Contec. The company is among the very few globally to have demonstrated satellite-to-ground links fully compliant with the US Space Development Agency(SDA) standard, confirming its unique technological position.It also plays a central role in European sovereignty/defense programs such as Keraunos, developing secure OGS for next-generation optical satellite links.Founded in 2013, Cailabs has raised over €100M and grown to 170 employees (as of Dec 2025). Cailabs has a global presence with 3 offices : its HQ based in Rennes (Brittany, France), 1 office in Paris (France) and 1 office in Washington DC (Arlington, VA).
  • CesiumAstro — CesiumAstro builds high-throughput, software-defined phased array communication payloads for airborne and in-orbit platforms.
  • FibreCoat — Making the future affordable. EM-Shielding Composites Sustainable https://fibrecoat.de/wp-content/uploads/2022/01/20211004_FibreCoat_web.mp4 Shedule a meeting to solve your problem Mobility Affordable and damage-resistant materials for integrated EMI-shielding and weight reduction in EVs. Construction Easy retrofit shielding of electronics and people from 5G and other types of EM radiation. Government Specialized yarns for sensors, circuits, shielding and countermeasure materials. With
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Gogreen Capital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Climate startups

GoGreen Capital is a venture capital firm focused on the renewable sector, investing mainly in early-stage companies in Europe and North America.Recently established, GoGreen Capital is based in Brussels, Belgium and leverages a solid track record of investments made by its shareholders in the renewable industry for the last 15 years, notably ina leading solar thermal energy supplier.

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Investment focus

  • Industry: AgTech, Hardware, Agriculture
  • Stage:Seed, Series A
  • Geography: Belgium, France

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Force-A — FORCE-A designs, produces, and sells optical sensors for the assessment of physiological and health status of crops. It offers crop sensors for nondestructive assessment of leaf polyphenolics. The company also provides multiparameter noncontact sensors-based on leaves or fruits, and berries autofluorescence measurements. Its multiparameternoncontact sensor provides inputs for decision support systems for a range of crops, including fertilisation needs, weed infestation, crop diseases, and crop yield and quality forecast. The company was founded in 2004 and is based in Orsay, France.
  • Eclo — Eclo is an urban farm that grows exotic mushrooms, microgreens, and fragrant baby herbs.
  • Peas&Love (Urban farm Company SA) — Our mission is to help cities to become greener, more sustainable, more human. By installing our farms, we provide eco-systemic services to cities, improving their quality of life and creating social interactions. We want to extent our farms, and from there become the urban farming glocal leader; delivering a positive and healthy experience thatwill dramatically improve our clients lives.
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Climate VC funding in Belgium at a glance

Stats across 280 deals from 301 investors.

301
investors
in Belgium Climate startups
280
deals
in Belgium Climate startups
$4.2M
median round
in Belgium Climate startups
42%
lead investors
lead at least one round
23%
Seed
most common funding stage

Access all 301 VC funds in Belgium Climate startups.

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