# Top 50 Energy Startup Investors in Belgium in June 2026

## Limburgse Reconversie Maatschappij
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Information Technology, Software, Biotechnology

Oxygen for growth - LRM

## Innovation Fund
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Health Care, Manufacturing, Information Technology

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

## Gemma Frisius Fund
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 4
- Stages: Seed, Series B, Series A
- Focus: Biotechnology, Health Care, Medical

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

## PMV
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 4
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Health Care

Do and dare company

## S.R.I.W.
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Health Care, Biotechnology, Manufacturing

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.

## Nuhma
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Battery, Software, GreenTech

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

## Seeder Fund
- Type: VC Fund
- Location: Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, SaaS

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.

## Gimv
- Type: VC Fund
- Location: Antwerpen, Antwerpen, Belgium
- Relevant deals: 3
- Stages: Series B, Series A
- Focus: Biotechnology, Health Care, Medical

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

## The Faktory Fund
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Analytics, Information Technology

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.

## Qbic Fund
- Type: VC Fund
- Location: Belgium, Wisconsin, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Biotechnology, Software, Health Care

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.

## LeanSquare
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Music, Information Technology

New Economy Startups Investor & Accelerator

## Flanders Innovation and Entrepreneurship (VLAIO)
- Type: VC Fund
- Location: Brussel, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Grant, Pre-Seed, Seed
- Focus: Biotechnology, Health Care, Software

Basic and applied research fund of the Flemish regional government in Belgium

## Noshaq
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series B
- Focus: Medical Device, Manufacturing, Battery

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

## ABB Ventures
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Software, Energy, Robotics

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

## Elia Group
- Type: VC Fund
- Location: Brunelles, Centre, France
- Relevant deals: 2
- Stages: Seed, Series A, Private Equity
- Focus: Energy, Solar, Software

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). 

## WE International
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Health Care, Energy, Solar

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

## Meusinvest (Noshaq)
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Biotechnology, Health Care, Medical

Noshaq offers financial services to help businesses develop.

## Finance.Brussels
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Financial Services, Information Technology

Regional Investment Company of Brussels

## Big Bang Ventures
- Type: VC Fund
- Location: Antwerpen, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Cloud Computing, Apps

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.

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, SaaS

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.

## Korys
- Type: VC Fund
- Location: Halle, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Biotechnology, Renewable Energy, Information Technology

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.

## imec.istart Future Fund
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 1
- Stages: Pre-Seed

imec.istart Future Fund is an independent early-stage venture capital fund.

## Montan-Ventures-Saar
- Type: VC Fund
- Location: Saarbrücken, Saarland, Germany
- Relevant deals: 1
- Stages: Seed
- Focus: Software, Internet of Things, Sales

Montan-Ventures-Saar is a venture capital firm.

## Eneco Ventures
- Type: VC Fund
- Location: Rotterdam, Zuid-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Energy, Renewable Energy, Energy Management

Eneco Ventures, the investment arm of Netherlands-based energy innovator, Eneco.

## Creos Luxembourg
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Series C
- Focus: Renewable Energy, Intelligent Systems, Electrical Distribution

Creos Luxembourg is the operator of electricity networks and natural gas pipes in Luxembourg.

## invest.bw
- Type: VC Fund
- Location: Louvain-la-neuve, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Seed
- Focus: Health Care, Neuroscience

invest.bw is a venture capital firm.

## Semtech
- Type: VC Fund
- Location: Camarillo, California, United States
- Relevant deals: 1
- Stages: Series A, Series C
- Focus: Software, Mobile, Internet of Things

Semtech Corporation is a leading supplier of high-quality analog and mixed-signal semiconductor products. We are dedicated to providing customers with proprietary solutions and breakthrough technology in power management, protection, advanced communications, human interface, test & measurement, as well as wireless and sensing products. Ourintegrated circuits (ICs) are employed in communications, computer and computer-peripheral, automated test equipment, industrial and other commercial applications.

## Stefan Grosjean
- Type: Angel
- Location: Bruges, West-Vlaanderen, Belgium
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Energy, Internet, Software

Stefan Grosjean is a Founder & CEO at Smappee.

## Noman Ahmed
- Type: Angel
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Software, CleanTech, Smart Cities

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

## Gesval
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series C
- Focus: Medical, Software, Wellness

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

## European Union
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Fashion, CleanTech, GreenTech

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

## Edgard Vermeersch
- Type: Angel
- Location: Ghent, Oost-Vlaanderen, Belgium
- Relevant deals: 1
- Focus: CRM, Energy, Software

Edgard Vermeersch - Owner @ Itineris

## QBIC II
- Type: VC Fund
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Biotechnology, Industrial, Construction

QBIC II

## Aperam Ventures
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: CleanTech, Manufacturing, Renewable Energy

Aperam Ventures, a subsidiary of the steel company Aperam Group

## Angelwise
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, Marine Technology

Angelwise Vlaams Investeringsfonds

## GREEN.er Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Recycling, Waste Management

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

## DDM Holding AG
- Type: VC Fund
- Location: Baar, Zug, Switzerland
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Waste Management, Information Services, Supply Chain Management

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

## Climate Club
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Renewable Energy, Software, Manufacturing

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## TA Capital
- Type: VC Fund
- Location: Houston, Texas, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, Internet

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.

## AMAVI Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Real Estate, Information Technology, Software

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.

## Ventech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Information Technology

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

## Eutopia VC
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Retail, E-Commerce, Food and Beverage

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

## Chroma Impact Investment
- Type: VC Fund
- Location: Braine-l'alleud, Brabant Wallon, Belgium
- Relevant deals: 1
- Stages: Series A
- Focus: Drones, Software, Aerospace

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.

## Spri
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 1
- Stages: Seed
- Focus: Real Time, Automotive, Clean Energy

SPRI is a basque business development agency.

## Loic Bar
- Type: Angel
- Location: Liège, Liege, Belgium
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Battery, Electric Vehicle, Charging Infrastructure

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.

## Entourage
- Type: VC Fund
- Location: Ghent, Oost-Vlaanderen, Belgium
- Relevant deals: 1
- Stages: Seed
- Focus: B2B, Analytics

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

## Wallonie Entreprendre
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Biotechnology, Recycling, Health Care

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.

## Andera Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series B, Private Equity
- Focus: Biotechnology, Health Care, Medical

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.

## PDENH
- Type: VC Fund
- Location: Xhendelesse, Liege, Belgium
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Energy, Manufacturing, Renewable Energy

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

## Ontario Inc
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Energy, Banking, Security

Partner

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