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Top 50 Energy VC Funds & Investors in Belgium (October 2026)

The most active venture capital funds 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 Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Limburgse Reconversie Maatschappij
VC Fund
7 Belgium, The Netherlands, United States Seed, Venture - Series Unknown Information Technology, Software, Biotechnology $658k–$11M
PMV
VC Fund
7 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$43M
Innovation Fund
VC Fund
5 Belgium, France, Luxembourg Seed, Venture - Series Unknown, Series A Health Care, Manufacturing, Chemical $318k–$8.8M
The Faktory Fund
VC Fund
5 Belgium, France, United States Seed, Venture - Series Unknown, Pre-Seed Software, Analytics, Information Technology $700k–$22M
WE International
VC Fund
5 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
Otium Capital
VC Fund
4 France, Spain, United States Seed, Series A, Venture - Series Unknown Software, Health Care, E-Commerce $968k–$64M
LeanSquare
VC Fund
4 Belgium, France, United States Seed, Venture - Series Unknown, Series A Software, Music, Information Technology $257k–$19M
Seeder Fund
VC Fund
4 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$12M
Gemma Frisius Fund
VC Fund
4 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Medical, Software $500k–$84M
S.R.I.W.
VC Fund
3 Belgium, United States, Spain Venture - Series Unknown, Series A Health Care, Biotechnology, Manufacturing $422k–$32M
Gimv
VC Fund
3 Belgium, United States, France Series B, Series A, Private Equity Biotechnology, Health Care, Medical $3.3M–$82M
invest.bw
VC Fund
3 Belgium, United States Seed, Pre-Seed, Series A Biotechnology, Electronics, Health Care $2.9M–$43M
Finance.Brussels
VC Fund
3 Belgium, France Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.5M–$16M
Nuhma
VC Fund
3 Belgium Seed, Series A, Venture - Series Unknown Battery, Software, GreenTech
Korys
VC Fund
3 Belgium, The Netherlands, Germany Series B, Series A, Venture - Series Unknown Biotechnology, Renewable Energy, Software $4.4M–$50M
Meusinvest (Noshaq)
VC Fund
3 Belgium, France, Germany Series A, Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $137k–$16M
Qbic Fund
VC Fund
3 Belgium, France, The Netherlands Seed, Series A, Venture - Series Unknown Biotechnology, Software, Health Care $1.4M–$34M
Partech
VC Fund
3 France, United States, Germany Seed, Series A, Series B Software, Artificial Intelligence, E-Commerce $1M–$56M
QBIC II
VC Fund
2 Belgium Series B, Venture - Series Unknown, Seed Biotechnology, Industrial, Construction $1.5M–$64M
Elia Group
VC Fund
2 Belgium, Germany, Macedonia Seed, Series A, Private Equity Energy, Solar, Software $3.4M–$4.5M
Hiventures
VC Fund
2 Hungary, United States, United Kingdom Pre-Seed, Seed, Series A Software, Information Technology, Manufacturing $18k–$2.9M
Noshaq
VC Fund
2 Belgium, France, United States Seed, Series A Biotechnology, Medical Device, Medical $5.3M–$43M
SFPIM
VC Fund
2 Belgium, France, Switzerland Series A, Venture - Series Unknown Biotechnology, Health Care, Semiconductor $8.6M–$251M
KBC Focus Fund
VC Fund
2 Belgium, The Netherlands, France Seed, Series A, Venture - Series Unknown Semiconductor, Manufacturing, Electronics $1.2M–$22M
ABB Ventures
VC Fund
2 United States, United Kingdom, Canada Series B, Series A Software, Energy, Robotics $3.3M–$60M
Big Bang Ventures
VC Fund
2 Belgium, The Netherlands, United States Series A, Series B Software, Cloud Computing, Apps $1M–$9M
Airborn
VC Fund
2 Belgium, United States Pre-Seed Software, CleanTech, GreenTech $730k–$1.1M
Chroma Impact Investment
VC Fund
2 Kenya, Belgium Seed, Series A Renewable Energy, Drones, Software
Nomainvest
VC Fund
2 Belgium, Germany Venture - Series Unknown, Seed SaaS, Energy, Sensor $19M–$51M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
2 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
Gogreen Capital
VC Fund
2 Belgium, France Venture - Series Unknown, Seed, Series A AgTech, Hardware, Agriculture $1.3M–$2.3M
Euroclear
VC Fund
2 United Kingdom, Spain, France Corporate Round, Series A, Series B Financial Services, FinTech, Finance
Ventech
VC Fund
1 France, Germany, United States Series A, Series B, Seed Software, E-Commerce, Internet $1.2M–$67M
AFI Ventures
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed, Series A Environmental Consulting, GreenTech, Health Care
PDENH
VC Fund
1 The Netherlands, Belgium Seed, Series A Energy, Manufacturing, Renewable Energy
Angelwise
VC Fund
1 Belgium, The Netherlands Seed, Series A Software, SaaS, Marine Technology
Lean FUND
VC Fund
1 Belgium, United States, France Seed, Series B Internet, Apps, Software $70k–$470k
Gesval
VC Fund
1 Belgium Venture - Series Unknown, Seed, Series A Biotechnology, Medical, Software $2.2M–$4.7M
Nivelinvest
VC Fund
1 Belgium, United States Series A, Seed, Series B Biotechnology, iOS, Energy $6.6M–$32M
TA Capital
VC Fund
1 Germany, United States, Israel Seed, Series A, Series B Software, Internet, SaaS $100k–$8M
Kima Ventures
VC Fund
1 France, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $515k–$16M
Ark Angels Activator Fund
VC Fund
1 Belgium Series A, Venture - Series Unknown, Seed Software, Information Technology, SaaS $937k–$7.8M
WING by Digital Wallonia
VC Fund
1 Belgium Seed, Convertible Note, Series A Software, Health Care, SaaS $61k–$12M
General Motors Ventures
VC Fund
1 United States, Canada, Israel Series C, Venture - Series Unknown, Series A Automotive, Software, Energy $2.5M–$71M
European Union
VC Fund
1 France, Belgium Seed, Pre-Seed Banking, Fashion, Security
Inventures SA
VC Fund
1 Belgium, France, United Kingdom Series A, Seed, Series B Health Care, Software, Biotechnology $67k–$21M
H&M Foundation - Global Change Award
VC Fund
1 United States, India, United Kingdom Grant, Seed, Pre-Seed Textiles, Biotechnology, Fashion $20k–$216k
imec.xpand
VC Fund
1 Belgium, United States, Germany Seed, Series A, Series B Semiconductor, Manufacturing, Medical Device $3.3M–$100M
AXE Investments N.V.
VC Fund
1 Belgium Venture - Series Unknown Energy, Recycling, Clean Energy
EDFI ElectriFI
VC Fund
1 United States, Kenya, France Debt Financing, Series A Energy, Solar, Renewable Energy $110k–$30M
Access all 182 VC funds 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 · 7 investments in Belgium Energy startups

Oxygen for growth - LRM

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $658k–$5.2M; Venture - Series Unknown $1.4M–$11M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Monsana — Monsana's AI-powered platform empowers both patients and healthcare professionals in their search for the perfect clinical trial. Each eligibility criterion is validated based on your unstructured textual medical records, allowing highly accurate matching with experimental treatments.
  • ADLC — ADLC employs drone technology to deliver logistics services, allowing businesses to implement drone-based solutions without having to manage them in-house. The company is focused on enhancing last-mile delivery in maritime and offshore environments. ADLC now conducts drone delivery services in the Port of Antwerp in collaboration with SGS, atesting and certification company, and works with companies such as BASF. Its drones have reduced delivery times and environmental effect, boosting efficiency sixfold and lowering CO2 emissions by up to 80% for petrochemical sample deliveries.
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 7 investments in Belgium Energy startups, 9 in the past 12 months

Do and dare company

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Investment focus

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

Investor stats

  • Total investments: 161
  • Round size: Seed $1M–$4.1M; Series A $3M–$40M; Series B $6.6M–$43M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Logibot — Logibot is a European, software-first, hardware-agnostic AI platform that enables logistics and industrial operators to simulate, deploy, and operate human-like robotic labor inside existing intralogistics facilities, without vendor lock-in and without rebuilding the warehouse. Most warehouse automation projects fail because they assume greenfield sites or commit operators to one robot vendor. Logibot takes a different approach. Operators start with Logibot.Data to quantify manual work and score automation feasibility. Logibot.Simulate runs split tests on multiple robot configurations in digital simulation, before any hardware decision is made. Logibot.Train prepares a general vision-language model for specific logistics tasks in five stages. Logibot.Control stages the introduction of robotic labor into live operations. Logibot.Watch provides real-time monitoring, teleoperation, and continuous improvement. Logibot serves 3PLs, CEP operators, postal operators, and industrial logistics teams. Headquartered in Belgium, operating across the EU. NVIDIA Inception member. Beam Berlin portfolio company.
  • Borro — Cashless deposit system
  • SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
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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, Chemical
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Belgium, France, Luxembourg

Investor stats

  • Total investments: 31
  • Round size: Seed $318k–$6M; Series A $2.3M–$5M; Venture - Series Unknown $1.1M–$8.8M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Fyteko — For a more sustainable agriculture
  • Graftys — Graftys, an Aix-en-Provence, France-based early stage company focused on advanced bone biologics.
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 5 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, Venture - Series Unknown, Pre-Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 24
  • Round size: Seed $700k–$4.2M; Venture - Series Unknown $2.1M–$22M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • IVEX — IVEX offers repeatable and scalable testing and 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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WE International
VC Fund · Liège, Liege, Belgium · 5 investments in Belgium Energy startups, 8 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: 25
  • Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
  • 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.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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Otium Capital
VC Fund · Paris, Ile-de-France, France · 4 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, Venture - Series Unknown
  • Geography: France, Spain, United States

Investor stats

  • Total investments: 105
  • Round size: Seed $968k–$7.2M; Series A $3.3M–$17M; Venture - Series Unknown $2.2M–$64M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $215M in 2015

Portfolio highlights

  • VSORA — VSORA provides high performance companion solutions combining AI and signal processing to enable autonomous driving and ADAS
  • 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.
  • Jimmy — Jimmy develops and operates thermal generators that supply industrial facilities with process heat produced through nuclear fission. The company designs compact generators that use high-temperature reactor technology to create heat without combustion and deliver it to industrial systems through heat transfer circuits. Its systems connect to factoryinfrastructure and provide heat for processes such as steam production, thermal oil heating, or hot air generation. Jimmy installs, operates, and manages these generators as integrated energy units adapted to the heat demand of each industrial site. The technology relies on micro-reactor architecture and modular deployment so multiple units can be combined to match required thermal output. Through this approach, Jimmy provides industrial heat that replaces fossil-fuel-based heat sources in manufacturing and processing operations.
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LeanSquare
VC Fund · Liège, Liege, Belgium · 4 investments in Belgium Energy startups

New Economy Startups Investor & Accelerator

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Seed $376k–$2.4M; Series A $257k–$12M; Venture - Series Unknown $830k–$19M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • Gamevestor — Be more than a player. Invest in expert-selected video game projects and earn a share of their commercial revenues.
  • Tickets for Good — Tickets for Good is a ticketing platform for live events and entertainment.
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Energy startups, 9 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 potential and 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: 39
  • Round size: Seed $390k–$3.4M; Pre-Seed $212k–$2.4M; Series A $3.5M–$12M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
  • Kando — Voice & Visual assistant and software for caregiver
  • NOX Energy — Connect your heat pump and solar panels in a few clicks and save on energy. NOX also helps utilities and manufacturers steer assets on the energy markets.
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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, Medical, Software
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$4.7M; Series A $1.1M–$84M; Series B $4.7M–$24M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Runeasi — The first scientifically validated wearable solution to measure impact while running and detect how your body responds to it - Perform real-time biomechanical assessments - Guide your athletes and patients with actionable insights to help them run more efficiently and recover from injuries with confidence
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
  • Aspect Analytics — Aspect Analytics offers consultancy services, home-grown software, development of workflows, and customization of software.
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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 Régionale d’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:Venture - Series Unknown, Series A
  • Geography: Belgium, United States, Spain

Investor stats

  • Total investments: 111
  • Round size: Series A $422k–$32M; Venture - Series Unknown $2.7M–$27M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Univercells — Mix parlay, atau lebih dikenal sebagai parlay bola atau hanya parlay, merupakan taruhan judi bola online yang menggabungkan minimal 2 hingga 10 tim pertandingan sepak bola menjadi 1 tiket taruhan.
  • Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
  • Santero Therapeutics — This is the homepage of the website
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Access 48,091 investors

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

Browse database — It's Free!
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, Private Equity
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 171
  • Round size: Series A $3.3M–$79M; Series B $10M–$73M; Private Equity $8.7M–$82M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $838M 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.
  • ActoGeniX — ActoGeniX is a biopharmaceutical company focused on the development and commercialization of a range of biological drugs. ActoGeniX was founded by Bernard Coulie and Mark Vaeck in 2006 and is based in Zwijnaarde, Belgium.
  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
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invest.bw
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 3 investments in Belgium Energy startups

invest.bw is a venture capital firm.

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Investment focus

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

Investor stats

  • Total investments: 10
  • Round size: Seed $2.9M–$43M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Energy startups

Regional Investment Company of Brussels

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, France

Investor stats

  • Total investments: 26
  • Round size: Seed $1.5M–$5.4M; Series A $2.3M–$7M; Venture - Series Unknown $4.2M–$16M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • AI-Blox — A modular & flexible hardware and software platform for edge AI applications.
  • Otamiser — Otamiser Booster® is an automated solution that helps hoteliers and revenue managers secure bookings by improving a property's online presence on major OTAs such as Booking.com, Expedia, Trips.com, Kayak, Airbnb, and VRBO. It maximizes occupancy rates and revenue through optimizing 951 essential parameters, ensuring continuous optimization,full automation, seamless integration with CMS, PMS, and RMS systems, dedicated customer support, integrations with Cubilis and Hostaway, and a customized API for Revenue Management software.
  • AILOS Robotics — AILOS Robotics offers advanced solutions in robotics and automation for various industries.
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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, Venture - Series Unknown
  • Geography: Belgium

Investor stats

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

Portfolio highlights

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

Investor stats

  • Total investments: 48
  • Round size: Series A $4.4M–$13M; Series B $6.6M–$50M; Venture - Series Unknown $4.7M–$39M
  • 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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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 3 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, Venture - Series Unknown
  • Geography: Belgium, France, Germany

Investor stats

  • Total investments: 82
  • Round size: Seed $137k–$6M; Series A $3.6M–$16M; Venture - Series Unknown $2M–$16M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • 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).
  • Amyl Therapeutics — Amyl Therapeutics is a preclinical stage biotechnology company. Amyl Therapeutics uses a novel mechanism to bind to the amyloid fold of toxic protein aggregates of various types, including antibody light chain (AL) or transthyretin (TTR) aggregates, which accumulate in peripheral organs to cause systemic amyloidosis diseases, but also amyloid-β(Aβ), Tau, and α-synuclein aggregates, which accumulate in the brain to cause Alzheimer's and Parkinson's diseases.
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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. Our investment 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, Venture - Series Unknown
  • Geography: Belgium, France, The Netherlands

Investor stats

  • Total investments: 62
  • Round size: Seed $1.4M–$7.4M; Series A $1.6M–$34M; Venture - Series Unknown $2.2M–$9.4M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $54M in 2022

Portfolio highlights

  • Firecell — Firecell is a Telecommunications Industry.
  • Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
  • Sightera Biosciences — Patient-derived organoids of treatment-resistant disease, robotic screening at scale and AI-guided molecular design in one closed loop.
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Partech
VC Fund · Paris, Ile-de-France, France · 3 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, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 699
  • Round size: Seed $1M–$9M; Series A $4.5M–$28M; Series B $9M–$56M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely actively investing — fresh fund, raised $345M in 2026

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • TeamToolz — TeamToolz creates and implements user-friendly applications that simplify and streamline the creation, management and archiving of marketing communications. Addressing the urgency of time to market, our web-based tools better enable entire brand launches by coordinating the workflow of multiple outside agencies and internal groups, for moreintegrated worldwide brand management.
  • Revibe — Buy refurbished & used electronics (Smartphones, Laptops) in UAE at Revibe. Free delivery & 12 months warranty. Certified tech by our experts. Order Now!
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QBIC II
VC Fund · Gent, Oost-Vlaanderen, Belgium · 2 investments in Belgium Energy startups

Qbic II is an early-stage venture capital focus software, deep tech, biotech, and medtech sectors. Qbic II, launched in 2017, collaborates with a broad network of Belgian universities, research institutes, and hospitals. The fund expanded its investor base, increasing its size to nearly €60M. The investment period for Qbic II concluded in 2022.

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $2.7M–$6.7M; Series B $22M–$64M; Venture - Series Unknown $1.5M–$51M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
  • MRM Health NV — MRM Health NV, is a biopharmaceutical company focused on the discovery and development of innovative therapeutics based on the human microbiome. MRM Health was incorporated early 2020 by MRM Technologies, a Center of Expertise for microbiome research based in the biotech cluster in Ghent, in a joint venture with the Flemish Institute ofBiotechnology (VIB), an excellence-based entrepreneurial life sciences research institute in Flanders, Belgium, that focuses on translating basic scientific results into pharmaceutical, agricultural and industrial applications.
  • EyeD Pharma — We are EyeD Pharma, a clinical stage pharmaceutical company dedicated to improve the life of patients suffering from ophthalmic diseases.
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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 $3.4M–$4.5M
  • 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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Hiventures
VC Fund · Budapest, Budapest, Hungary · 2 investments in Belgium Energy startups

As one of the largest and most active venture capital fund partners in Central and Eastern Europe our mission is to create new ways of equity funding for innovative small and medium-sized enterprises with high growth potential as well as more traditional businesses for the purpose of establishing a sustainable and competitive SME and enterpriseecosystem both in Hungary and in the region

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Hungary, United States, United Kingdom

Investor stats

  • Total investments: 708
  • Round size: Seed $118k–$935k; Pre-Seed $18k–$138k; Series A $163k–$2.9M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $493M in 2020

Portfolio highlights

  • iBar Experience Kft. — iBar provides an AI  inventory app that integrates into restaurant management software. They offer products and services for pizzerias, bars, discos, hotels, and restaurants.
  • SURVIOT Monitoring Kft. — SURVIOT equips bridges, tunnels and buildings with automated sensors and software, giving engineers real-time, reliable data on structural health.
  • Linkio - Ecommerce Integration Portal — Integrate wholesalers into your online store easier then ever
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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: Biotechnology, Medical Device, Medical
  • Stage:Seed, Series A
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $5.4M–$43M; Series A $5.3M–$19M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Lisaqua — Lisaqua is developing a unique aquaculture process to raise prawns without antibiotics and without polluting waste
  • LIFEPOWR — Cut costs, reduce emissions and optimise your energy with LIFEPOWR FlexiO. AI-powered forecasting and dynamic control turn energy flexibility into real value.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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SFPIM
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Energy startups, 6 in the past 12 months

SFPIM investment firm that invests in technology and infrastructure.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • D-CRBN — D-CRBN recycles CO2 for industrials through our patented CCU plasma technology. We use plasma to convert CO2 emissions to useful chemical building blocks. Our plasma process splits CO2 molecules into their original building blocks to make e-fuels, chemicals, or polymers to ultimately achieve a circular and more sustainable economy. Battling global warming will be the toughest environmental challenge that our society has ever faced. We have set our objectives to help reduce CO2 emissions, reaching a carbon-neutral society by 2050. Launch your CO2 recycling initiative at your plant, go net-zero and join us to Sparc* the new industrial revolution.
  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 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: Semiconductor, Manufacturing, Electronics
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, France

Investor stats

  • Total investments: 27
  • Round size: Seed $1.2M–$14M; Series A $2.9M–$17M; Venture - Series Unknown $1.5M–$22M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • Ubitium — Ubiquitous computing, universal RISC-V microprocessor
  • CoolSem Technologies — CoolSem Technologies, based in Eindhoven, the Netherlands, was founded in 2025. The startup develops innovative wafer-level thermal management technologies that reduce thermal resistance and minimize mechanical stress in advanced semiconductor and photonic devices. With its WaLTIS multilayer stack, CoolSem replaces conventional substrates with aspecially designed layer structure that optimizes heat flow, stability and reliability.
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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: 74
  • Round size: Series A $3.3M–$20M; Series B $7M–$60M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Pratexo — Pratexo is the intelligent edge computing and distributed cloud platform for industry 4.0 accelerating time to design, test, and provision.
  • UptimeAI — Get precise answers for process anomalies with self-learning OEx solutions rooted in domain SME knowledge, alike the experts you know and trust.
  • LandingAI — LandingAI is on a mission to make the world's documents computable. Agentic Document Extraction helps enterprise developers build document automation pipelines at scale. Accurate, auditable, API-driven document AI.
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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
  • Last fund: May invest from a new fund soon — raised $36M in 2005

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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Airborn
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Belgium Energy startups

Airborn fund is investing in founders with impact

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Genvision — Genvision measures CO2 removal in nature. By analyzing satellite images of nature with AI, we are solving the world's biggest challenge in its transition to carbon neutrality.
  • ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
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Chroma Impact Investment
VC Fund · Braine-l'alleud, Brabant Wallon, Belgium · 2 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: Renewable Energy, Drones, Software
  • Stage:Seed, Series A
  • Geography: Kenya, Belgium

Investor stats

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

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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Nomainvest
VC Fund · 2 investments in Belgium Energy startups

Unternehmensprofil. Nomainvest beteiligt sich an ehrgeizigen Unternehmen mit innovativen Projekten und einem kompetenten, motivierten Team

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Investment focus

  • Industry: SaaS, Energy, Sensor
  • Stage:Venture - Series Unknown, Seed
  • Geography: Belgium, Germany

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $19M–$51M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • CUREosity — CUREosity has the vision to revolutionize traditional rehabilitation by developing VR-based therapy applications and games to help people with neurological and mental disabilities.To do so, CUREosity provides the CE-certified medical product CUREO, which is a therapy system to support the cognitive, sensory, and motor rehabilitation. Theimmersion in new worlds with different scenarios and game elements motivates patients to high-frequency training and thus to fast therapy success. With CUREO, multiple patients can be cared for by just one therapist, so that clinic resources can be optimally allocated.Thomas Saur, Stefan Arand and Marco Faulhammer founded CUREosity on November 26, 2018 in Düsseldorf.
  • EyeD Pharma — We are EyeD Pharma, a clinical stage pharmaceutical company dedicated to improve the life of patients suffering from ophthalmic diseases.
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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 $285k–$3.2M; Pre-Seed $160k–$2.2M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • WeHave — Enter the cookieless era of advertising with WeHave's first-party data collaboration. Leverage external data in a gdpr compliant way.
  • Summ.link — Summ.link works to transform enterprises by enhancing the employee experience through strategy and strong insights based on trustworthy data, which leads to improvements in digital processes. By putting a strong emphasis on data intelligence and people analytics, it seeks to provide everyone in the organization with actionable information.Application development, big data, AI, cloud solutions, and other services are among their offerings.
  • Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
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Gogreen Capital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $1.3M–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Force-A — FORCE-A designs, produces, and sells optical sensors for the assessment of physiological and health status of crops. It offers crop sensors for nondestructive assessment of leaf polyphenolics. The company also provides multiparameter noncontact sensors-based on leaves or fruits, and berries autofluorescence measurements. Its multiparameternoncontact sensor provides inputs for decision support systems for a range of crops, including fertilisation needs, weed infestation, crop diseases, and crop yield and quality forecast. The company was founded in 2004 and is based in Orsay, France.
  • Eclo — Eclo is an urban farm that grows exotic mushrooms, microgreens, and fragrant baby herbs.
  • Peas&Love (Urban farm Company SA) — Our mission is to help cities to become greener, more sustainable, more human. By installing our farms, we provide eco-systemic services to cities, improving their quality of life and creating social interactions. We want to extent our farms, and from there become the urban farming glocal leader; delivering a positive and healthy experience thatwill dramatically improve our clients lives.
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Euroclear
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 11
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Proxymity — Announcing our Newest Partnership
  • Marketnode — Marketnode, an SGX Group and Temasek joint venture, is Asia-Pacific’s trusted and neutral digital markets infrastructure. At Marketnode, we operate two flagship platforms, Gateway and Fundnode.Gateway is a one-stop, end-to-end platform enabling market participants to accelerate workflows, lower time to market, and capitalise on the transformativepotential of tokenisation. Fundnode is Singapore’s investments fund utility on blockchain, providing the funds ecosystem with a single platform for transaction management, funds processing, and record-keeping.
  • Inversis Spanish — At Inversis you will find solutions tailored and integrated with your business model.
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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, Internet
  • Stage:Series A, Series B, Seed
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 195
  • Round size: Seed $1.2M–$7.2M; Series A $3.8M–$18M; Series B $5.6M–$67M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Botify — Search engines miss about half the content on enterprise websites. Uncover those hidden opportunities with Botify, the leading enterprise SEO platform!
  • Crobox — Crobox's next generation guided selling solution humanizes your product data and discovery experience with product finders and product data enrichment.
  • mediarithmics — A sustainable and privacy-first next-Gen Data Platform to deliver advanced use cases for leading retail, media and broadcast players. We also provide you with the most advanced solutions for a cookieless and compliant future.
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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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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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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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Lean FUND
VC Fund · Louvain, Vlaams-Brabant, Belgium · 1 investments in Belgium Energy startups

Startups, increase your value by 3 within 9 months thanks to Power 3 by Leanfund (www.leanfund.com)!

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Investment focus

  • Industry: Internet, Apps, Software
  • Stage:Seed, Series B
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 12
  • Round size: Seed $70k–$470k
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Neveo — With one click, send photos and messages on a family newspaper that your senior will receive every month.
  • Supersec — Good to eat, good to think: discover the Supersec organic, healthy, artisanal and sustainable food treats available in bulk delivery!
  • Sortlist — Discover the most relevant agencies for your project based on your own specific requirements.
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Gesval
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium Energy startups

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

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Investment focus

  • Industry: Biotechnology, Medical, Software
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 5
  • Round size: Venture - Series Unknown $2.2M–$4.7M
  • Lead/follow: 0% lead, 100% follow

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 — Explore the top online casino no verification withdrawal Australia sites. Fast payouts, crypto banking, and safe pokies at trusted no KYC casinos.
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Nivelinvest
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 1 investments in Belgium Energy startups

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

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Investment focus

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

Investor stats

  • Total investments: 6
  • Round size: Series A $6.6M–$32M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • A-Mansia Biotech — A-Mansia Biotech is a developer of products based on the properties of the Akkermansia muciniphila (A. muciniphila) bacterium. The company's nutritional supplement based on a gut bacterium called Akkermansia, the population of microorganisms housed in the gastrointestinal tract. A. muciniphila is located in the mucus layer covering theintestinal epithelium, which allows the bacterium to establish a close cross-talk with the host.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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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 software domains. 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, Internet, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, Israel

Investor stats

  • Total investments: 40
  • Round size: Seed $100k–$2.6M; Series A $1.3M–$7M; Series B $2.6M–$8M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2015

Portfolio highlights

  • Graylog — Graylog is a leading centralized log management solution for capturing, storing, and enabling real-time analysis of terabytes of machine data.
  • 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.
  • Mynaric — Laser communication. Made scalable.
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Kima Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Energy startups

Kima Ventures is one of the world's most active early-stage investors, investing in 2 to 3 startups per week all over the world; providing founders with funding, network, and support for them to reach the next steps of their journey. The firm invests from seed to Series A, mostly as lead investor but also working alongside other investors; backing ambitious founders who work hard to build awesome things that more and more people use everyday. The company helps them to build a great team, to learn very quickly, to keep the right focus and execute towards growth. Kima takes pride of itself in working side-by-side with entrepreneurs. They claim to understand that fundraising is only one step in the company’s journey, that’s why they take quick decisions and make the fundraising process as smooth as possible so the founders can get back to the work of building their business. Kima considers itself not only an investor, but a network of founders and experts sharing a pay it forward mindset. Headquartered in Paris with an office in London, the company was founded and backed by Xavier Niel, founder of Iliad and supporter of entrepreneurs through such projects as 42, Station F and 101projets. Over the last 5 years Kima has invested in over 400 startups in 24 different countries.

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Investment focus

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

Investor stats

  • Total investments: 772
  • Round size: Seed $515k–$5.5M; Pre-Seed $591k–$3.8M; Series A $1.2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Hoora — Hoora is a mobile gaming platform that offers an instant, scrollable feed of over 200 casual and arcade mini-games playable without downloads or waiting.
  • Verso — Verso is an AI-powered qualitative market research platform that automates consumer insights at scale. It uses adaptive AI to conduct 1-on-1 video or voice interviews with consumers worldwide, turning open-ended conversations into structured, actionable insights in under a week.
  • Netsec — Professional cybersecurity and managed IT services to protect your business 24/7.
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Energy startups

Ark Angels Activator Fund SA is a closed venture capital fund (closed-end private equity investment fund) with a capital of 14.8 M EUR. The Fund is recognized as ARKIV and has obtained the status of Private Privak under Belgian law. The Fund is managed by a management company set up by BAN Vlaanderen VZW, ING Belgium & the two fund managers.The Fund initially acted primarily as a co-investor in investments made by business angels who are members of BAN Vlaanderen, but then also co-invested with other capital providers. It focuses not only on investments in young growth companies, but also on companies in the growth or transfer phase with an operating office in Flanders,

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 20
  • Round size: Seed $937k–$1.6M; Series A $1.3M–$4.9M; Venture - Series Unknown $1.6M–$7.8M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Apicbase — Apicbase is a F&B management platform that gives you total visibility of your back of house so you can grow without compromise.
  • waylay — Waylay is a leading Enterprise IT-OT digital unification software company delivering low-code based orchestration, automation and analytics software solutions. Waylay has a passion for supporting enterprises on their IoT automation journey and ensuring it puts all valuable data to work for developers, data scientists and domain experts.
  • Accelleran — Accelleran is pioneering a disruptive approach to the delivery of cost-effective, carrier and mission-critical grade TDD and FDD Small Cell networks through its focus on software quality and partnerships with volume manufacturers.Accelleran provides LTE Small Cell software and LTE Small Cell product solutions which address the real-worldchallenges of volume deployment of Small Cells. We offer turnkey solutions and unique experience on the challenges of integrating cellular technology on low cost, yet powerful platforms and architectures. Accelleran offers its customers solid and dependable system solutions, backed by the support of our unparalleled expertise.Accelleran’s technology is genuinely independent from any HW platform and enables operators to invest once in the integration and validation of a common software base that can be deployed across different segments, platforms and Small Cell architectural approaches to enable a truly integrated HetNet.
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WING by Digital Wallonia
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium Energy startups

W.IN.G by Digital Wallonia invests in SAAS, advanced tech and deep tech startups (AI, drones, medtech, IOT,...). W.IN.G brings smart money by helping startups by bi-weekly interactions and providing an operating teams (seasonal entrepreneurs being hands-on with the portfolio).

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Convertible Note, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 37
  • Round size: Seed $377k–$1.9M; Series A $1.1M–$12M; Convertible Note $61k–$570k
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • IONNYK — Discover IONNYK, the ePaper Digital Art Frame for art and personal photography, combining Electronic Paper (E Ink), patented technology and elegant home design.
  • MYOCENE — Myocene is a Liège-based sports technology company which creates unique and innovative devices for measuring muscle fatigue and performance.
  • Soil Capital Belgium — Discover Europe's first certified, multi-national carbon farming programme that rewards regenerative agriculture.
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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 C, Venture - Series Unknown, Series A
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 121
  • Round size: Series A $10M–$30M; Series C $20M–$65M; Venture - Series Unknown $2.5M–$71M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Nanoramic Laboratories — Nanoramic Laboratories develops energy storage technologies and materials, centering on its proprietary Neocarbonix electrode platform. The company provides an electrode solution that substitutes traditional PVDF binders and N-methylpyrrolidone solvent with a conductive 3D carbon binding structure, enabling lithium-ion batteries that offer greaterenergy density, faster charging, reduced manufacturing energy, and improved recyclability. The technology integrates seamlessly into existing manufacturing processes, supporting various battery applications, from electric vehicles to consumer electronics and stationary storage. Nanoramic also offers ultracapacitor and thermal interface products derived from its advanced carbon materials expertise, supporting enhanced power delivery and heat management in diverse uses.
  • 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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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: Banking, Fashion, Security
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% 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.
  • ICARE Technologies — ICARE has developed a secured contactless identification ring. It integrates certification EMVCo 1 and 2 and EL5+. Ring includes 7-patented security systems such as owner recognition, wave emission control and is fully autonomous. Several PoCs are being prepared with world leading security and banking companies.
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Inventures SA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Energy startups

Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses. The firm has two funds: Inventures I & Inventures II. Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs. Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest.

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Investment focus

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

Investor stats

  • Total investments: 52
  • Round size: Seed $67k–$2.1M; Series A $339k–$14M; Series B $165k–$21M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • BiOceanOr — BiOceanOr harnessed the power of Marine Biology and AI to deliver bio-guided services that optimize fish welfare and fish growth, while supporting aquaculture sustainability standards
  • myskillcamp — Myskillcamp is a digital learning platform and educational design support service. Myskillcamp supports their customers in the digital transformation of their company and the launch of their Digital Learning project. From the audit of needs to the design of engaging educational devices, through a pilot phase, they make a point of honor to adapt thedigital to the specificities of each and give it meaning.With their online platform, businesses can manage their learner communities and connect all their partners in one place. Their tool also allows businesses to structure training spaces by skills, trades, brands within camps. In parallel, businesses can create educational content from scratch, select a map in their marketplace, or plan sessions in-class. Businesses can organize the distribution of their training to a single learner or to a whole group.
  • Octave — Optimize energy use with Octave's battery storage (BESS) and energy management system (EMS). Reduce costs, increase flexibility.
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H&M Foundation - Global Change Award
VC Fund · 1 investments in Belgium Energy startups

WINNER CALL FILM The latest

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Investment focus

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

Investor stats

  • Total investments: 25
  • Round size: Grant $20k–$216k
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Nanoloom — Creating the biodegradable material of the future from graphene that will transform industries and propel them into the future.Nanoloom is a developer of graphene-based sustainable fabrics. It produces sustainable and biodegradable materials from BioHastalexTM, a nanocomposite copolymer based on functionalized graphene oxide. It also provideswaterproofing, providing a versatile and sustainable alternative to environmentally harmful textiles.
  • SXD — Patented AI that removes material waste before the first cut. 35+ partners. Up to 69% material savings.
  • ALGreen.Tech —
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imec.xpand
VC Fund · Leuven, Vlaams-Brabant, Belgium · 1 investments in Belgium Energy startups, 8 in the past 12 months

Expanding nanotechnology into business.

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Investment focus

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

Investor stats

  • Total investments: 56
  • Round size: Seed $3.3M–$21M; Series A $9.1M–$72M; Series B $12M–$100M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $322M in 2024

Portfolio highlights

  • SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
  • Euclyd — Euclyd develops AI infrastructure designed to make advanced AI computing more efficient and scalable. Its platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to address power, memory, and infrastructure constraints. Its products include craftwerk, an agentic AI silicon platform, and CWS 32, an AIcomputing system focused on low-power exascale performance. Euclyd also develops silicon architecture, systems, firmware, compilers, and runtime software for AI infrastructure.
  • NEURA Robotics — Cognitive Robotics for Real-World Applications: NEURA Robotics enables safe and smart robot integration for Industry, Work and Everyday Life
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AXE Investments N.V.
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Belgium Energy startups

AXE Investments is a joint venture between the holding companies Anacom and Ackermans & van Haaren and is part of the AXE Group

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Investment focus

  • Industry: Energy, Recycling, Clean Energy
  • Stage:Venture - Series Unknown
  • Geography: Belgium

Investor stats

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

Portfolio highlights

  • REstore — REstore is the award-winning energy technology company, specialized in Demand Side Management and leading the fast-growing European Primary Reserve / Frequency control market, and operates in all ancillary services and capacity markets in France, UK, Germany and Benelux. FlexPond™. REstore's AI-platform, is used by +150 of the largestC&I consumers and the largest top 50-utilities. FlexTreo™, offered to large C&I consumers, is REstore's latest solution to monetise flexibility.
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EDFI ElectriFI
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Energy startups

Impact investment in sustainable energy

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Investment focus

  • Industry: Energy, Solar, Renewable Energy
  • Stage:Debt Financing, Series A
  • Geography: United States, Kenya, France

Investor stats

  • Total investments: 65
  • Round size: Series A $2.2M–$30M; Debt Financing $110k–$10M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • BURN — The future of clean cooking
  • GOGO Electric — Bodawerk is an innovations and engineering company. Our products are created to serve the needs of people at the bottom of the pyramid.
  • MyJouleBox — MyJouleBox offers a solution for solar professionals in Africa to offer leased solar installations to their customers.
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Energy VC funding in Belgium at a glance

Stats across 146 deals from 182 investors.

182
investors
in Belgium Energy startups
146
deals
in Belgium Energy startups
$3.1M
median round
in Belgium Energy startups
42%
lead investors
lead at least one round
22%
Seed
most common funding stage

Access all 182 VC funds in Belgium Energy startups.

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