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Top 50 Energy Startup Investors in Belgium (July 2026)

The most active venture capital funds and angel investors investing in Belgium Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Energy startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Limburgse Reconversie Maatschappij
VC Fund
6 Belgium, United States, The Netherlands Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
PMV
VC Fund
5 Belgium, United States, The Netherlands Series A, Seed Software, Biotechnology, Health Care $549k–$40M
Innovation Fund
VC Fund
5 Belgium, France, Luxembourg Seed, Series A Health Care, Manufacturing, Information Technology $329k–$5.8M
The Faktory Fund
VC Fund
4 Belgium, France, United States Seed, Pre-Seed Software, Analytics, Information Technology $1.1M–$4.4M
Seeder Fund
VC Fund
4 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $219k–$8M
Gemma Frisius Fund
VC Fund
4 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Health Care, Medical $384k–$84M
WE International
VC Fund
4 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
Gimv
VC Fund
3 Belgium, United States, France Series B, Series A Biotechnology, Health Care, Medical $3.3M–$79M
LeanSquare
VC Fund
3 Belgium, France, United States Seed, Series A Software, Music, Information Technology $200k–$12M
Qbic Fund
VC Fund
3 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $868k–$28M
S.R.I.W.
VC Fund
3 Belgium, United States, Spain Series A, Series B Health Care, Biotechnology, Manufacturing $411k–$75M
Nuhma
VC Fund
3 Belgium Seed, Series A Battery, Software, GreenTech
Elia Group
VC Fund
2 Belgium, Germany, Macedonia Seed, Series A, Private Equity Energy, Solar, Software $3.8M–$4.4M
Noshaq
VC Fund
2 Belgium, France, United States Seed, Pre-Seed Medical Device, Manufacturing, Battery $1M–$43M
ABB Ventures
VC Fund
2 United States, United Kingdom, Canada Series B, Series A Software, Energy, Robotics $3M–$60M
Big Bang Ventures
VC Fund
2 Belgium, The Netherlands, United States Series A, Series B Software, Cloud Computing, Apps $1M–$9M
Meusinvest (Noshaq)
VC Fund
2 Belgium, France, Germany Series A, Seed Biotechnology, Health Care, Medical $137k–$16M
Otium Capital
VC Fund
2 France, Spain, United States Seed, Series A Software, Health Care, E-Commerce $1.2M–$17M
invest.bw
VC Fund
2 Belgium, United States Seed, Pre-Seed, Series A Electronics, Biotechnology, Manufacturing $2.9M–$43M
Partech
VC Fund
2 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, SaaS $1.1M–$55M
Finance.Brussels
VC Fund
2 Belgium, France Seed, Series A Software, Information Technology, Financial Services $1.5M–$7M
Korys
VC Fund
2 Belgium, The Netherlands, Germany Series B, Series A Biotechnology, Renewable Energy, Information Technology $3.9M–$50M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
2 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
DDM Holding AG
VC Fund
1 Sweden, Belgium, Luxembourg Pre-Seed, Post-IPO Debt, Corporate Round Education, Logistics, Transportation
Noman Ahmed
Angel
1 Belgium Pre-Seed Software, CleanTech, Smart Cities
Gesval
VC Fund
1 Belgium Seed, Series C Medical, Software, Wellness
European Union
VC Fund
1 Belgium Pre-Seed Fashion, CleanTech, GreenTech
Edgard Vermeersch
Angel
1 Belgium CRM, Energy, Software
Aperam Ventures
VC Fund
1 Belgium Pre-Seed CleanTech, Manufacturing, Renewable Energy
Angelwise
VC Fund
1 Belgium, The Netherlands Seed, Series A Software, SaaS, Marine Technology
GREEN.er Fund
VC Fund
1 Belgium Series A Recycling, Waste Management
Climate Club
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed Renewable Energy, Software, Manufacturing
TA Capital
VC Fund
1 United States, Germany, Israel Seed, Series A Software, SaaS, Internet $100k–$7M
AMAVI Capital
VC Fund
1 France, Sweden, Belgium Series A, Seed Real Estate, Information Technology, Software
Ventech
VC Fund
1 France, Germany, United States Series A, Series B, Seed Software, E-Commerce, Information Technology
Eutopia VC
VC Fund
1 France, Belgium, Denmark Seed, Series A Retail, E-Commerce, Food and Beverage
Chroma Impact Investment
VC Fund
1 Belgium Series A Drones, Software, Aerospace
Spri
VC Fund
1 Spain Seed Real Time, Automotive, Clean Energy
Loic Bar
Angel
1 Belgium Pre-Seed Battery, Electric Vehicle, Charging Infrastructure
Entourage
VC Fund
1 Belgium Seed B2B, Analytics
Wallonie Entreprendre
VC Fund
1 Belgium, France Series A, Seed Biotechnology, Recycling, Health Care
Andera Partners
VC Fund
1 France, United States, Germany Series B, Private Equity Biotechnology, Health Care, Medical
PDENH
VC Fund
1 The Netherlands, Belgium Seed, Series A Energy, Manufacturing, Renewable Energy
Ontario Inc
VC Fund
1 Belgium Pre-Seed Energy, Banking, Security
KBC Focus Fund
VC Fund
1 Belgium, The Netherlands, Luxembourg Seed, Series A Electronics, Semiconductor, Manufacturing
General Motors Ventures
VC Fund
1 United States, Canada, Israel Series A, Series C Automotive, Software, Energy $6.6M–$65M
AFI Ventures
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed, Series A Environmental Consulting, GreenTech, Health Care
LRM
VC Fund
1 Belgium, The Netherlands Seed Manufacturing, Drones, Sensor
Seed Capital Bizkaia
VC Fund
1 Spain, Mexico, Belgium Seed, Series A Software, Biotechnology, Manufacturing
Lune Ventures
VC Fund
1 Belgium Pre-Seed CleanTech, Manufacturing, Renewable Energy
Access all 167 investors in Belgium Energy startups.

Access 48,091 investors

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

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Investor list

Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 6 investments in Belgium Energy startups

Oxygen for growth - LRM

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Investment focus

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

Investor stats

  • Total investments: 91
  • Round size: Seed $494k–$5.2M; Series A $1.6M–$11M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Monsana — Monsana offers an AI-powered platform that connects eligible participants to relevant clinical trials throughout Europe.
  • 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.
  • Aidoptation — Aidoptation develops autonomous driving technology for dual-use applications in commercial automotive, police and first-responder vehicles, and defence-relevant environments.
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Energy startups

Do and dare company

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Investment focus

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

Investor stats

  • Total investments: 152
  • Round size: Seed $549k–$4.3M; Series A $2.7M–$40M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Animab — Animal Health Company
  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • CHILI publish — Allow users to edit customizable documents, or fully automate artwork generation. Output files are ready to use for print and digital.
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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 30
  • Round size: Seed $329k–$5.8M; Series A $2.2M–$5.7M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Aerosint — Aerosint invented a technology called "Selective Powder Deposition" which deposits multiple powders in each layer. This unlocks multi-material 3D printing.
  • Daphne Technology — Measure and abate methane slip with Daphne Technology. Learn how we reduce emissions in gas engine exhaust. Contact us today!
  • Zeopore Technologies — Zeopore Technologies innovates zeolite mesoporization to optimize catalysts that enhance processes in refining and petrochemical industries. This leads to higher quality products, lower energy use and less waste, using an approach that is affordable, easily scalable and non-hazardous.
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 4 investments in Belgium Energy 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, Pre-Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.1M–$4.4M
  • 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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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Energy startups, 6 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: 35
  • Round size: Seed $384k–$2.5M; Pre-Seed $219k–$2.4M; Series A $3.3M–$8M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Adomate — Adomate is an AI powered advertising platform that helps marketing teams create social media ads at scale. The platform seamlessly combines performance data, competitor analysis, and consumer behavior insights to generate data-backed creative concepts more efficiently.
  • Borro — Cashless deposit system
  • Vectrix — Vectrix offers AI-based automation and consulting solutions for businesses and logistics companies to automate workflows.
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Gemma Frisius Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 4 investments in Belgium Energy 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, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Seed $384k–$4.6M; Series A $932k–$84M; Series B $4.4M–$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
  • Aspect Analytics — Aspect Analytics offers consultancy services, home-grown software, development of workflows, and customization of software.
  • Magics Technologies — Magics Technologies is a nuclear research center that develops autonomous machines for sustainable energy sources.
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WE International
VC Fund · Liège, Liege, Belgium · 4 investments in Belgium Energy startups, 6 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: 22
  • Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • VolitionRx — Volition is a multi-national life sciences company developing simple, easy to use blood-based cancer tests to accurately diagnose a range of cancers. The tests are based on the science of Nucleosomics, which is the practice of identifying and measuring nucleosomes in the bloodstream or other bodily fluid which is an indication that disease ispresent.As cancer screening programs become more and more widespread, its products aim to help to diagnose a range of cancers quickly, simply, accurately, and cost-effectively. Early diagnosis has the potential to not only prolong the life of patients but also to improve their quality of life.Volition's research and development activities are currently centered in Belgium, with additional offices in London, Texas, and Singapore, as the company focuses on bringing its diagnostic products to market first in Europe, then in the U.S. and worldwide.
  • Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
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Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 3 investments in Belgium Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 169
  • Round size: Series A $3.3M–$79M; Series B $7M–$69M
  • 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.
  • ImCheck Therapeutics — ImCheck Therapeutics is a developer of immuno-modulatory antibodies designed for the treatment of cancer and other immune-related diseases. The company's services are engaged in the discovery and development of immunomodulators for treating breast cancer, gastric, ovarian cancer cells and other solid solid tumours.
  • Anjarium Biosciences — Pioneering the next generation of non-viral gene therapy - by tackling more diseases, more precisely and in a more personalized way.
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LeanSquare
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Energy 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: 45
  • Round size: Seed $200k–$2M; Series A $247k–$12M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Un:Hurd Music — Welcome to the one stop music marketing shop. We help you understand your audience before creating award winning release strategies.
  • 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.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 3 investments in Belgium Energy 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: 57
  • Round size: Seed $1.3M–$7.7M; Series A $868k–$28M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $57M in 2022

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.
  • 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.
  • Blue Foot Membranes — Blue Foot Membranes delivers unbreakable MBR membranes for wastewater treatment. Reliable water reuse, high capacity and low total cost of ownership.
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Access 48,091 investors

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

Browse database — It's Free!
S.R.I.W.
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Energy 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 — We are biotech innovators, rooted in Belgium, driven by one purpose: To transform how biotech drugs are made so everyone, everywhere, can get them.
  • 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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Nuhma
VC Fund · 3 investments in Belgium Energy 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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Elia Group
VC Fund · Brunelles, Centre, France · 2 investments in Belgium Energy 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 $3.8M–$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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Noshaq
VC Fund · Liège, Liege, Belgium · 2 investments in Belgium Energy startups

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

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Investment focus

  • Industry: Medical Device, Manufacturing, Battery
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $5.4M–$43M; Pre-Seed $1M–$2.4M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Lisaqua — Lisaqua is developing a unique aquaculture process to raise prawns without antibiotics and without polluting waste
  • LIFEPOWR
  • Standing Ovation — Animal-free dairy cheese
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ABB Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Belgium Energy 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: 69
  • Round size: Series A $3M–$20M; Series B $7M–$60M
  • Lead/follow: 42% lead, 58% 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.
  • Sevensense Robotics — Sevensense empowers mobile robots to move into crowded and fast-changing spaces and enables them to support humans. Learn more about our products and technology!
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Big Bang Ventures
VC Fund · Antwerpen, Antwerpen, Belgium · 2 investments in Belgium Energy startups

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

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Investment focus

  • Industry: Software, Cloud Computing, Apps
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 19
  • Round size: Series A $1M–$2.7M; Series B $6M–$9M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Amplidata — From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum offers the most comprehensive and cost-efficient data management solutions.
  • Clear2Pay — Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time providing their clients withbetter payment services that are faster, with richer payments related information.Clear2Pay's solutions within the Service- Oriented Architecture (SOA) based Open Payment Framework offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment.
  • Racktivity — Racktivity, an innovator in next-generation power, energy and environmental management solutions offers the industry's only integrated hardware and software for critical infrastructures.The DCPM suite, a Service Provider Infrastructure & Data Center Performance Management System, measures, monitors and manages power across distributeddata centres and gives customers full visibility and control of their energy consumption while integrating seamlessly with other applications and PDU appliances.Racktivity's EnergySwitch family of smart Power Distribution Units (PDUs), and sensors equips infrastructures with the most advanced metering, switching and predictive analysis capabilities available on the market today.
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 2 investments in Belgium Energy startups

Noshaq offers financial services to help businesses develop.

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Investment focus

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

Investor stats

  • Total investments: 77
  • Round size: Seed $137k–$6M; Series A $3.3M–$16M
  • Lead/follow: 9% lead, 91% 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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Otium Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Energy 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: 94
  • Round size: Seed $1.2M–$7.7M; Series A $1.6M–$17M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $204M in 2015

Portfolio highlights

  • Stratumn — Stratumn is a SaaS software company, based in Paris. Stratumn has invented a digital, irrefutable and customer-oriented audit trail based on the blockchain technology. Stratumn simply connects with existing data sources and tools and gives business users an overview of their critical processes, regardless of the system or the contributor. Ourcustomers are leading European players in Bank and Insurance.
  • comet — Comet is a platform created in September 2016 that seamlessly matches the best hard-skill Freelancers to top companies.These experts want to work as Freelancers and companies won’t survive without them. Their goal is to satisfy both sides: relevant and prompt skills for companies, security and inspiring projects for Freelancers.They screen andevaluate the best tech and data talents to build an interactive community. We're developing a smart product, powered by strong algorithms, to enhance their user experiences.
  • Source{d} — Source{d} is an engineering observability platform that develops neural networks for the executives to analyze and understand actionable insights about codebases, software development processes, and teams. The company is characterized by matching the code of developers to bring them closer to an appropriate project based on the objective measure oftheir work.
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invest.bw
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 2 investments in Belgium Energy 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: 8
  • Round size: Seed $2.9M–$43M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • 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.
  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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Partech
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Energy startups

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

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

Investor stats

  • Total investments: 539
  • Round size: Seed $1.1M–$9M; Series A $4.2M–$27M; Series B $9M–$55M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Agicap — Agicap develops and sells a SaaS platform for SMBs to manage and forecast their cash flows. Agicap allows business owners to build dynamic, reliable forecasts and have real-time visibility over their current and future cash position. This data, which can be easily shared with banks, makes it easier for SMBs to access financing options and reducesthe risk of bankruptcy.
  • Teknovus — Teknovus, Inc., a fabless semiconductor and software solutions company, develops and supplies access chips and embedded software for the FTTx market. It offers Ethernet passive optical network (EPON) integrated chips for central office and customer premises applications; EPON customer premises equipment ONU; TDM transport chips that provide thecircuit emulation of T1/E1/J1 on various Ethernet switched networks; evaluation kits, which support original equipment manufacturers and service provider customers; EPON OLT solutions that offer a system-on-a-chip approach to the original equipment manufacturers; and TK3401 Intelligent EPON Node Controller that enables service providers to meet various needs of network topologies and subscriber densities. The company’s system-on-a-chips incorporate firmware for the embedded processor to control the hardware. Teknovus, Inc. markets its products through distributors in the United States, Europe, and China. Teknovus, Inc. was founded in 2002 and is headquartered in Petaluma, California with sales and support centers in Tokyo, Seoul, Beijing, Shanghai, and Shenzhen. The company also has a location in San Jose, California.
  • Almentor — almentor.net is a cutting-edge continuous e-learning platform curating top-rated video-based training programs delivered by leading subject matter experts and accessible through B2C and B2B channels to serve the needs of Arabs across the world. The platform was officially launched in January 2018 and currently offers the biggest Arabic high qualitycontinuous learning video library in the world, including paid courses, free talks, crash courses and books, primarily in Arabic.
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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Energy startups

Regional Investment Company of Brussels

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Series A
  • Geography: Belgium, France

Investor stats

  • Total investments: 24
  • Round size: Seed $1.5M–$5.4M; Series A $2.3M–$7M
  • Lead/follow: 21% lead, 79% 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
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 2 investments in Belgium Energy 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 $3.9M–$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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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Energy 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–$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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DDM Holding AG
VC Fund · Baar, Zug, Switzerland · 1 investments in Belgium Energy startups

DDM Holding AG acquires and manages distressed asset portfolios with a focus on non-performing loans in Eastern Europe.

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Investment focus

  • Industry: Education, Logistics, Transportation
  • Stage:Pre-Seed, Post-IPO Debt, Corporate Round
  • Geography: Sweden, Belgium, Luxembourg

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Anoto Group — Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly forms solutions for efficient capture, transmission and storage of datawithin different business segments, e.g. healthcare, bank and finance, transport and logistics and education.
  • 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!
  • AxFina Holding — AxFina is a pan-European debt-servicing provider of business outsourcing services and digital debt management solutions.
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Noman Ahmed
Angel · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Energy 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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Gesval
VC Fund · 1 investments in Belgium Energy startups

A limited company of the University of Liège (ULiege).

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Investment focus

  • Industry: Medical, Software, Wellness
  • Stage:Seed, Series C
  • Geography: Belgium

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Phasya — Phasya offers solutions for detecting drowsiness and measuring eye movements. These solutions are based on eye tracking technologies using eye images. Phasya also develops solutions for detecting various physiological and cognitive states such as stress, attention, cognitive load, and mind wandering.Phasya solutions can be used in variousapplications such as safety, medical diagnosis, and research. We have notably specific solutions and developments for driver monitoring applications.Indeed physiological and cognitive states such as drowsiness influence the ability of an individual to perform a task or to make a decision. Furthermore the measurement of ocular parameters enables one to understand the brain activity and gaze behavior.
  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
  • Hedera-22 — Hedera-22 expanded its scope to include the identification of natural products through the use of in-house bio-informatic prediction technologies.
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European Union
VC Fund · 1 investments in Belgium Energy 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, CleanTech, GreenTech
  • 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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Edgard Vermeersch
Angel · Ghent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Energy startups

Edgard Vermeersch - Owner @ Itineris

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Aperam Ventures, a subsidiary of the steel company Aperam Group

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Investment focus

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

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

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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Angelwise
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Energy startups

Angelwise Vlaams Investeringsfonds

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Investment focus

  • Industry: Software, SaaS, Marine Technology
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Pleevi — AI powered smart charging to charge fleet more cost-efficient and cleaner on professional sites
  • DeltaBlue — Our hybrid cloud platform ensures a full application lifecycle by creating cloudnative serverless environments for traditional applications
  • Powerhouse — Powerhouse is your all-in-one solution for turning complex property operations into streamlined, automated workflows. Built on Salesforce for seamless integrations and powerful insights.
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GREEN.er Fund
VC Fund · 1 investments in Belgium Energy startups

GREEN.er Fund works towards the diversification of the sales outlets for raw materials derived from the recycling of used tyres.

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Investment focus

  • Industry: Recycling, Waste Management
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • RISORCE — RISORCE fills a need in Belgium for local solutions for processing tire waste while remaining dedicated to a circular economy strategy. We provide a regionally-based, technologically and environmentally sound solution.
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Climate Club
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy startups

Made with Softr, the easiest way to turn your data into portals and internal tools.

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Investment focus

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

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • Moea — MOEA recrute ! Consultez toutes nos offres d'emploi (CDI, CDD) ainsi que toutes nos offres de stage et postulez en ligne.
  • PULSETRAIN — Pulsetrain is the only company with a driving Multilevel demonstrator. Tech that moves, not just talks. AC Multilevel for construction machines. Ultra-high-power DC for next-gen vehicles. Game-changing. Let’s roll.
  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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TA Capital
VC Fund · Houston, Texas, United States · 1 investments in Belgium Energy startups

From its active funds TAC currently invests in Europe and the USA. They invest in all stages (seed, early and growth) of start-ups with capable teams and scalable business models. Their investment sizes go from as low as $200,000 to as much as $15 milion per transaction. They like opportunities in e-commerce, Internet, digital life and softwaredomains. They like to create and shape new markets. They are unconventional, caring and driven, and very fast. They are honest and fair in their daily dealings and in their transactions. They honor their commitments and deliver on their promises, on time. They see it their mission to provide entrepreneurs with the resources required to grow their companies and they exclusively partner with teams who share their values.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A
  • Geography: United States, Germany, Israel

Investor stats

  • Total investments: 31
  • Round size: Seed $100k–$2M; Series A $1.3M–$7M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Talixo — Talixo is revolutionising B2B ground transportation with innovative proprietary technology that integrates seamlessly with all corporate platforms such as Amadeus, Concur and Onesto.Their technology is fully customisable and provides total compliance for all individual corporate travel policies. Now operating in >750 cities globally andgrowing exponentially, Talixo is fast becoming the go to for all the ground transportation needs of Fortune 500 companies, Airlines, Travel Agencies and many other strategic partners. Talixo is backed by Private, Institutional and Strategic investors including Deutsche Bahn, Amman Group and TA Capital.
  • Hoard — Hoard’s app enables any smartphone user to easily and conveniently pick up deliveries and make exchanges of small items through registered third party operated “pickup-points.
  • Description — Description is an AI-powered tool that generates product descriptions for e-commerce businesses. Upload a product image or input features, and receive compelling descriptions instantly.
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AMAVI Capital
VC Fund · 1 investments in Belgium Energy 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, Seed
  • Geography: France, Sweden, Belgium

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

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.
  • Ebie — Ebie is an insurance company that offers financial and rental services.
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Ventech
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy 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, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 186
  • Lead/follow: no public data

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.
  • Xpln.ai — Xpln.ai develops AI-driven solutions for measuring and optimizing ad effectiveness, 100% cookieless.
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Eutopia VC
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy startups

Eutopia is a fund for consumer startups. We back founders who are rethinking the way we eat, shop, sleep and feel. We are backing 26 startups

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Investment focus

  • Industry: Retail, E-Commerce, Food and Beverage
  • Stage:Seed, Series A
  • Geography: France, Belgium, Denmark

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • GOURMEY — We create sustainable cultivated meat delights for an uncompromising and conscious generation.
  • Bastille — Bastille is a brand of urban bicycles. The Astir brand is synonymous with folding bicycles. The primary quality constraint Bastille, a British designer, aims to create a folding motorcycle with standard wheels rather than the mini 16-inch wheels that are traditionally associated with folding bikes.
  • Nous anti-gaspi — We anti-Gapsi is the network of anti-waste food stores. This grocery store project offers producers and manufacturers the opportunity to their downgraded and unsold products at a fair price. They are a qualitative environment, they market products excluded from the usual mass distribution circuits for small defects, physical defects, contract-datenot respected, and end of series. They offer consumers a new mode of consumption that gives priority to common sense and that is at the same time smart, qualitative, and eco-responsible. In their stores, they offer you to find, in a warm atmosphere, a complete choice of food products to save waste: fruits and vegetables, fresh and frozen products, groceries, and even a small bulk section.
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Chroma Impact Investment
VC Fund · Braine-l'alleud, Brabant Wallon, Belgium · 1 investments in Belgium Energy startups

Chroma Impact Investment is an investment firm that transition towards sustainable and renewable sources of energy production. As a company that invests in and develops industrial energy projects, Chroma acts as a catalyst for this transition.Their current geographic focus is in Europe and Africa.Their shareholders come from Belgian industrialfamilies who want to participate in the energy transition while contributing concretely to the development of meaningful projects with a positive social and environmental impact.

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Investment focus

  • Industry: Drones, Software, Aerospace
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Sitemark — Leverage AI-driven analytics, drone data, and automated workflows to optimize planning, construction, and operations across your entire solar portfolio.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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Spri
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Belgium Energy startups

SPRI is a basque business development agency.

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Investment focus

  • Industry: Real Time, Automotive, Clean Energy
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Emica Solar — Emica Solar is a company which develops the floating solar energy.
  • Safeloc Systems — Safeloc Systems is a developer of a real-time location system solution (RTLS) to provide ultra-wideband (UWB) technology services.
  • Cocoon Bioscience — Cocoon Bioscience helps catalyze the expansion of bottlenecked industries like cultivated meat by manufacturing performance and growth factors and specialized enzymes for individual protein, nutrition, and healthcare applications.
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Loic Bar
Angel · Liège, Liege, Belgium · 1 investments in Belgium Energy startups

Loïc Bar is the CEO of Opinum, a company dedicated to give sense to building data. He studied computer sciences at Haute Ecole of Province de Liège. He is passionate about technologies and the way it can be leveraged to improve mankind living. Directly after finishing school, Loïc took the entrepreneurship path and created its first company. Heworked for well-known companies like McKinsey & Company, L’Oréal, Coca-Cola, etc. across multiple geographies including New York, Los Angeles, London, Kathmandu, Barcelona and Paris. 4 years ago, he created The Smart Company which is now Opinum. Loïc is invited member of the “Fondation pour les Générations Futures” Think Thank, a non-profit organization mapping the transition to a more sustainable world. He is author of multiple technical books published by the French editor Micro Application.

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Investment focus

  • Industry: Battery, Electric Vehicle, Charging Infrastructure
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Pleevi — AI powered smart charging to charge fleet more cost-efficient and cleaner on professional sites
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Entourage
VC Fund · Ghent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Energy startups

Entourage is a venture Studio and early stage VC that invests in early-stage B2B and SaaS sectors.

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Investment focus

  • Industry: B2B, Analytics
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
  • Karomia — Karomia is an efficient and engaging B2B SaaS solution supporting sustainability officers in conducting a Double Materiality Assessment (DMA) of their organization, as part of their ESG report.
  • Warren — Enabling wealth, Boosting welfare
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Wallonie Entreprendre
VC Fund · 1 investments in Belgium Energy startups

Your partner ! WE is Wallonia's economic and financial tool at the service of businesses. We provide the means necessary for the development of activity in all sectors. Our investments and financing respond to a logic of creation, growth, transmission or relaunch of companies. We ensure compliance with social and environmental standards.

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Investment focus

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

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Axithra — Axithra provides therapeutic medication monitoring and measures beta-lactam antibiotic concentrations in blood.
  • RISORCE — RISORCE fills a need in Belgium for local solutions for processing tire waste while remaining dedicated to a circular economy strategy. We provide a regionally-based, technologically and environmentally sound solution.
  • AbolerIS Pharma — AbolerIS Pharma aims to develop novel and unique therapeutic approaches to induce immune tolerance.
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Andera Partners
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy startups

Andera Partners, formerly known as Edmond de Rothschild Investment Partners (EdRIP) As heir to the traditions and values that have ensured the success of the Rothschild family for 250 years, the Edmond de Rothschild Group has established itself over time as a leading player in European finance. Its activities are grouped around two major areas:Private Banking and Asset Management. The Group offers wealthy families, entrepreneurs, and large institutions a full range of solutions combining a culture of tailored solutions, stability, performance, and innovation. The Edmond de Rothschild Group’s offering is characterised by strong convictions, with the desire to guarantee to each of its customers: A unique, close relationship, underpinned by the know-how and the variety of expertise of a large international group; Autonomous, experienced teams, who anticipate economic trends and innovate to establish long-term performance; The recognised stability, strength, and independence of a family-owned financial group. Founded by Baron Edmond de Rothschild in 1953, the Group has been chaired by his son, Baron Benjamin de Rothschild, since 1997.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Private Equity
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 167
  • Lead/follow: no public data

Portfolio highlights

  • FIRE1 — FIRE1 and is based in Dublin, Ireland, will focus on developing novel therapeutic devices.
  • Evommune — Evommune is taking a tissue-based approach to advance insights and accelerate the development of transformative medicines in inflammatory diseases.
  • Bioptimus — Our mission is to build the first universal AI foundation model for biology to fuel breakthrough discoveries and accelerate innovations in biomedicine and beyond.
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PDENH
VC Fund · Xhendelesse, Liege, Belgium · 1 investments in Belgium Energy startups

ROM InWest helpt innovatieve ondernemers bij de groei en ontwikkeling van hun startup, scale-up of mkb-bedrijf.

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Investment focus

  • Industry: Energy, Manufacturing, Renewable Energy
  • Stage:Seed, Series A
  • Geography: The Netherlands, Belgium

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • Sympower — Empower your business with Sympower's AI-powered solutions, optimising efficiency and maximising revenue through demand response, battery storage, and grid balancing.
  • Thorizon — A developer of nuclear power solutions. We design and create frontier technology for Thorium Molten Salt Reactors (MSR). We create and operationalize frontier technologies for molten salt reactors. Our purpose is to accelerate the availability of clean energy and help solve the climate crisis. True to
  • EST-Floattech — EST-Floattech is a supplier of DNV certified lithium battery systems for maritime and land applications with a track record of 200+ worldwide.
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Ontario Inc
VC Fund · 1 investments in Belgium Energy startups

Partner

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Investment focus

  • Industry: Energy, Banking, Security
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • AlphacomSolution — One seamless ecosystem for critical communication empowered with AI in Azure cloud. "Improve & secure you Mission Critical Business" : Orchestrate all voice, video & data " for Mission Critical Sectors in trading, energy, transportation, public security and safety Agnostic solution to virtualise :"devices and desk" hololens, radio/satellite/fixed/wire /pc/ mobile/IOS/ANDROID/Zoom/WhatsApp...." Interconnect and access anyone, anything, anywhere ...
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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Energy 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: Electronics, Semiconductor, Manufacturing
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, Luxembourg

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Aito — We are developers of patented and award-winning Piezo Sensing and Haptics technology who are on a mission to offer unparalleled user experience by bringing surfaces to life with tactile feedback to help consumer electronics brands create new and innovative products, offering differentiation in a crowded marketplace.
  • BeeOLED — BeeOLED’s technology enables OLED displays with significantly improved efficiency, brightness and operational stability at lower overall costs due to a less complex device structure.
  • Pharrowtech — We design state of the art bulk-CMOS RFIC devices with custom phased array antenna solutions targeted to 3GPP 5G NR and IEEE 802.11ad/ay mmWave applications.
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General Motors Ventures
VC Fund · Warren, Michigan, United States · 1 investments in Belgium Energy startups

GM Ventures combines investing in automotive-related tech startups with General Motors support to drive innovation and advance the future of mobility.

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Investment focus

  • Industry: Automotive, Software, Energy
  • Stage:Series A, Series C
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 111
  • Round size: Series A $6.6M–$30M; Series C $20M–$65M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Nanoramic Laboratories — Established in 2016 to extend the use of nanomaterials into new markets, Nanoramic® Laboratories is the exclusive designer, manufacturer, and licenser of Neocarbonix™ electrodes, Fastcap® Ultracapacitors and Thermexit™ thermal interface gap filler pads. Nanoramic was born from the research and development of world record high temperatureultracapacitor technology funded by NASA, the Department of Energy, and the Department of Defense. Now Nanoramic is commercializing this technology to revolutionize growing industries like electric vehicle batteries and consumer and industrial electronics.Nanoramic’s predecessor, FastCAP Systems (now FastCap Ultracapacitors), was founded in 2009 by two PhDs from MIT. The company received sizable government grants leading to the development of the only ultracapacitors capable of operating in temperatures up to 150°C and under conditions of high shock and vibration. The FastCap Ultracapacitors family of products has since expanded to include wide temperature range lithium-ion capacitors, structural ultracapacitors, and the only reflowable, low ESR, slim profile ultracapacitor on the market. The hard work required to develop energy st orage for such extreme environments drove our engineers to develop Neocarbonix, an electrode platform for rechargeable Li-ion batteries, Li-ion capacitors, and supercapacitors that would outperform all competitors.In addition to Neocarbonix and FastCap Ultracapacitors, the Nanoramic product family includes Thermexit. Thermexit is a line of high-end thermal interface gap filler pads. Thermexit gap fillers are a non-reactive, non-silicon, no cure system featuring high thermal conductivity and high thermal stability. Our culture of transparency, empowerment, disciplined thinking, and experimentation is what drives us to build world-class technology
  • Forge Nano — Forge Nano is a world leading materials science company. Working across industries around the world, we are harnessing the power of Atomic Armor, our proprietary nanocoating technology, to accelerate manufacturing innovation, transform product performance and achieve a more sustainable future for us all.
  • Peak Energy — Sodium-ion Energy Storage at Gigascale
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AFI Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy 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: Environmental Consulting, GreenTech, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, Belgium, Germany

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • Moonwatt — Moonwatt solves problems of the energy transition through innovative energy products hardware and software.
  • Tilt Energy — We are passionate engineers, PhD, business grads on a mission to help the energy transition using our skills: software and AI ! As we need to produce and consume energy in a more responsible, efficient and low-carbon way, our solution enables decentralized energy consumers to better integrate into the grid. We are building an innovative platformthat empowers the widespread adoption of renewable energies and everyone to take charge of their energy consumption. If energy is a topic at heart and you like challenge then join us !
  • Nova Carbon — High-performance sustainable carbon fiber composites
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LRM
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Energy startups

Oxygen for growth - LRM

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Investment focus

  • Industry: Manufacturing, Drones, Sensor
  • Stage:Seed
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

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.
  • 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.
  • Aerial Precision — Experience the most streamlined and user-friendly workflow, seamlessly transforming iPad LiDAR data processing into exceptional deliverables.
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Seed Capital Bizkaia
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Belgium Energy startups

Seed Capital de Bizkaia is a Regional Council company affiliated to Biscay Regional Council's Department of Economic Development and Innovation (Departamento de Innovación y Promoción Económica de la Diputación Foral de Bizkaia) whose aim is to manage a Venture Capital Fund called “Seed Capital Bizkaia, F.C.R.“.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Spain, Mexico, Belgium

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • coometes — coometes offer social institutions a comprehensive solution for managing food aid and basic necessities for vulnerable persons.
  • Begas Motor — Begas has designed and manufactures the first engine for industrial vehicles powered 100% by LPG (Liquefied Petroleum Gas or AUTOGAS). Ability to remotorize vehicles and make them ecological with Euro VI certificate.
  • Emica Solar — Emica Solar is a company which develops the floating solar energy.
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Lune Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy 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: no public data

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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Energy Investor funding in Belgium at a glance

Stats across 118 deals from 167 investors.

167
investors
in Belgium Energy startups
118
deals
in Belgium Energy startups
$3.1M
median round
in Belgium Energy startups
40%
lead investors
lead at least one round
25%
Seed
most common funding stage
96/4
VC / Angel
share of investor count

Access all 167 investors in Belgium Energy startups.

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