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Top 50 Enterprise Startup Investors in Belgium (June 2026)

The most active venture capital funds and angel investors investing in Belgium Enterprise startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Enterprise startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Limburgse Reconversie Maatschappij
VC Fund
27 Belgium, United States, The Netherlands Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
PMV
VC Fund
25 Belgium, United States, The Netherlands Series A, Seed Software, Biotechnology, Health Care $549k–$40M
Volta Ventures
VC Fund
21 Belgium, The Netherlands, Luxembourg Seed, Series A Software, Information Technology, Artificial Intelligence $549k–$8.8M
SmartFin
VC Fund
17 Belgium, The Netherlands, Turkey Series B, Series A Software, SaaS, Information Technology $3M–$30M
Lorenz Bogaert
Angel
14 Belgium, United Kingdom, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $120k–$5.7M
WING by Digital Wallonia
VC Fund
12 Belgium Seed, Convertible Note, Series A Software, Health Care, SaaS $219k–$11M
LeanSquare
VC Fund
11 Belgium, France, United States Seed, Series A Software, Music, Information Technology $200k–$12M
Toon Coppens
Angel
11 Belgium, United States Seed, Pre-Seed, Angel SaaS, Software, Sales Automation $384k–$2.2M
Qbic Fund
VC Fund
11 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $868k–$47M
S.R.I.W.
VC Fund
9 Belgium, United States, Spain Series A, Series B Health Care, Biotechnology, Manufacturing $411k–$75M
Newion
VC Fund
9 The Netherlands, Belgium, Germany Series A, Seed Software, SaaS, Information Technology $796k–$7.4M
Seeder Fund
VC Fund
9 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $219k–$8M
Ark Angels Activator Fund
VC Fund
9 Belgium Series A, Seed Software, Information Technology, SaaS $932k–$7.4M
Pitchdrive
VC Fund
9 Belgium, United Kingdom, Spain Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $110k–$4.6M
Fortino Capital
VC Fund
8 Belgium, The Netherlands, Germany Series A, Seed Software, Information Technology, SaaS $1.6M–$17M
Angelwise
VC Fund
8 Belgium, The Netherlands Seed, Pre-Seed Software, SaaS, Information Technology $521k–$3M
Gimv
VC Fund
8 Belgium, United States, France Series B, Series A Biotechnology, Health Care, Medical $3.3M–$69M
Sambrinvest
VC Fund
8 Belgium, France, Spain Seed, Series A, Series B Biotechnology, Health Care, Medical $411k–$57M
Belfius Bank
VC Fund
8 Belgium, France, The Netherlands Debt Financing, Seed, Pre-Seed Software, SaaS, Pharmaceutical $291k–$382M
Inventures SA
VC Fund
7 Belgium, France, United Kingdom Series A, Seed Health Care, Biotechnology, Manufacturing $82k–$13M
Finance.Brussels
VC Fund
7 Belgium, France Seed, Series A Software, Information Technology, Internet $1.5M–$5.5M
Be Angels
VC Fund
6 Belgium, France, Spain Seed, Pre-Seed SaaS, Software, Health Care $78k–$1.5M
The CoFoundry
VC Fund
6 Belgium, The Netherlands, United States Seed, Series A Software, SaaS, Security $878k–$3.9M
The Faktory Fund
VC Fund
6 Belgium, France, United States Seed, Pre-Seed Software, Analytics, Information Technology $1.1M–$4.4M
KBC
VC Fund
6 Belgium, United States, France Seed, Series A, Series B Biotechnology, Health Care, FinTech $549k–$65M
Meusinvest (Noshaq)
VC Fund
6 Belgium, France, Germany Series A, Seed Biotechnology, Health Care, Medical $137k–$16M
Capricorn Partners
VC Fund
6 Belgium, United States, The Netherlands Series A, Series B Biotechnology, Health Care, Software $3.3M–$42M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
6 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $200k–$3.2M
Louis Jonckheere
Angel
6 Belgium, France, Estonia Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $445k–$8.8M
Innovation Fund
VC Fund
5 Belgium, France, Luxembourg Seed, Series A Health Care, Manufacturing, Information Technology $329k–$5.8M
E-Merge
VC Fund
5 United States, Belgium, Spain Seed, Series A Software, SaaS, E-Commerce $213k–$25M
Luc De Vos
Angel
5 Belgium, Finland, United States Seed, Series A, Private Equity Analytics, Consulting, B2B $22k–$11M
Jonas Dhaenens
Angel
5 Belgium Seed, Angel, Pre-Seed Software, SaaS, Internet $277k–$2.7M
Syndicate One
VC Fund
5 Belgium, United Kingdom, United States Pre-Seed, Seed, Series A Artificial Intelligence, Software, SaaS $1M–$13M
Axeleo Capital
VC Fund
5 France, United Kingdom, Belgium Seed, Series A, Pre-Seed Software, Information Technology, SaaS $700k–$21M
Pieterjan Bouten
Angel
5 Belgium, Italy, United States Seed, Pre-Seed, Series A Software, Information Technology, SaaS $445k–$19M
Saffelberg Investments
VC Fund
5 Belgium Series A, Seed Software, Fashion, E-Commerce $2.7M–$4.4M
ING Group
VC Fund
5 United Kingdom, United States, The Netherlands Debt Financing, Post-IPO Debt Energy, Renewable Energy, Solar $75M–$3B
KPN Ventures
VC Fund
5 The Netherlands, Belgium, Germany Series A, Series B, Seed Software, SaaS, Internet of Things $900k–$60M
Hummingbird Ventures
VC Fund
4 United States, Turkey, United Kingdom Series A, Seed, Series B Software, Financial Services, FinTech $828k–$58M
Medici Ventures
VC Fund
4 United States, China, Israel Series A, Seed Blockchain, FinTech, Financial Services $2M–$15M
Big Bang Ventures
VC Fund
4 Belgium, The Netherlands, United States Series A, Series B Software, Cloud Computing, Apps $1M–$9M
KBC Focus Fund
VC Fund
4 Belgium, The Netherlands, Germany Seed, Series A Electronics, Semiconductor, Health Care $1.2M–$17M
Peak
VC Fund
4 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology $549k–$5M
Lean FUND
VC Fund
4 Belgium, United States, France Seed, Series B Internet, Apps, Software $66k–$384k
Brustart
VC Fund
4 Belgium Seed, Series A Big Data, Internet, Software $439k–$932k
Spreds
VC Fund
3 Belgium, France Series A, Seed, Series B Health Care, Information Technology, Food and Beverage
Notion Capital
VC Fund
3 United Kingdom, United States, Germany Series A, Seed, Series B Software, Information Technology, SaaS
Gemma Frisius Fund
VC Fund
3 Belgium, France, United Kingdom Seed, Series B, Series A Biotechnology, Health Care, Medical
Connect Ventures
VC Fund
3 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, SaaS, Financial Services
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 27 investments in Belgium Enterprise startups

Oxygen for growth - LRM

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Investment focus

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

Investor stats

  • Total investments: 86
  • Round size: Seed $494k–$5.2M; Series A $1.6M–$11M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • 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.
  • MobieTrain — Train, connect and empower your frontline teams in minutes. MobieTrain boosts onboarding, training, engagement, and performance. All in one simple platform
  • TrendMiner — TrendMinder designs and delivers a fast, powerful and intuitive industrial analytics platform for everyone in operations to make smarter, data-driven decisions.
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 25 investments in Belgium Enterprise startups

Do and dare company

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Investment focus

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

Investor stats

  • Total investments: 138
  • Round size: Seed $549k–$3.8M; Series A $2.7M–$40M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • LindaCare — LindaCare develops solutions for implantable cardiac device remote monitoring. From intuitive dashboards for caregivers to managed remote monitoring service, LindaCare is at the forefront of the monitoring revolution.
  • Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
  • Predikt — Predikt empowers finance leaders to navigate today’s volatile markets with clarity and confidence. By integrating advanced AI, external market data, and internal financial metrics, Predikt transforms forecasting into a strategic advantage.Our pioneering Confidence Intelligence platform:- Provides transparency and automation to reduceforecasting uncertainty. - Enables CFOs to assess risks, identify opportunities, and align teams globally. - Turns data into decisions that foster resilience and drive growth.We understand the challenges finance leaders face: juggling a high-level view with local market complexities. That’s why Predikt is designed to enhance collaboration, challenge assumptions, and provide confidence in every number.Founded by a Swiss-Belgian team in 2023, Predikt is democratizing predictive technology, equipping finance teams to make smarter decisions and thrive amid uncertainty.
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Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 21 investments in Belgium Enterprise startups

Volta Ventures is a venture capital firm that offers seed & early stage VC for internet & software companies in the Benelux.The fund’s team, with active support from some 30 business angels, expects to make a substantial impact on every company it invests in by working with the founders and management to identify new markets andcustomers, hire senior talent, provide ongoing guidance and arrange further financing rounds.Volta Ventures has offices in Ghent and Amsterdam.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, Luxembourg

Investor stats

  • Total investments: 85
  • Round size: Seed $549k–$5.2M; Series A $2.2M–$8.8M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2019

Portfolio highlights

  • Churned — Churned is a AI-driven customer success and retention software that reduces churn and boost CLV for SaaS, B2C-subscriptions and e-commerce.
  • Alicia Insurance — Offer insurance, embedded into your brand. Live within a day. Learn all about our Insurance as a Service.
  • Fero — Fero uses predictive AI to customize the payment process and pathway uniquely for every individual customer. Acknowledging the uniqueness of each customer and personalizing their checkout experience on an individual basis leads to an enhanced customer experience and, consequently, higher conversion rates. FERO's AI engine empowers itsclientsto strategically determine when to offer pricier payment methods and when to provide more economical choices, effectively lowering payment expenses while preserving conversion rates.
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 17 investments in Belgium Enterprise startups

Venture capital fund focussing on European B2B technology companies.

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Series A $3.2M–$12M; Series B $3M–$30M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2020

Portfolio highlights

  • Locatee — Locatee is the leading workplace analytics solution that transforms complex data into space utilisation insight. Developed with a strong focus and a deep understanding of the corporate real estate challenges facing the modern world of work, Locatee empowers leaders and managers to make decisions about their business buildings with confidence.Locatee works by leveraging office occupancy data from multiple sources, processing them using unique patented technology, and beautifully visualising them all in one place. With workplace intelligence at fingertips’ length, it’s easy to identify optimisation potential, realise savings, and enhance company’s workplace experience across the entire real estate portfolio.
  • CrazyGames — Play free online games at CrazyGames, the best place to play high-quality browser games. We add new games every day. Have fun!
  • Recharge — The leading one-stop-shop for all branded payment needs.
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Lorenz Bogaert
Angel · Gent, Oost-Vlaanderen, Belgium · 14 investments in Belgium Enterprise startups

Lorenz is co-founder and CEO Ghent-based start-up studio StarApps. He also co-founded early stage investment fund Pitchdrive. He previously created Netlog, Twoo (exit to Tinder), Realo (exit to Axel Springer), Delta (exit to eToro) and Rydoo (exit to Sodexo).

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Investment focus

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

Investor stats

  • Total investments: 61
  • Round size: Seed $445k–$3.1M; Pre-Seed $120k–$1.7M; Series A $4.1M–$5.7M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Accurat — Accurat provides real-word shopper insights to support retail decision making with unprecedented accuracy. Our proprietary technology, platform and algorithms understand behaviour in high detail.
  • Maison Sport — Book ski lessons online with highly qualified ski instructors. Ski & snowboard lessons & ski school in Morzine, Meribel, Val Thorens, Courchevel, Avoriaz, Tignes, Val d'Isere, Zermatt, Verbier & more
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WING by Digital Wallonia
VC Fund · Liège, Liege, Belgium · 12 investments in Belgium Enterprise 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: 34
  • Round size: Seed $346k–$1.9M; Series A $1.1M–$11M; Convertible Note $219k–$568k
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • IONNYK — IONNYK is a new medium of art photography, containing millions of tiny ink capsules.
  • 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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LeanSquare
VC Fund · Liège, Liege, Belgium · 11 investments in Belgium Enterprise startups

New Economy Startups Investor & Accelerator

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Investment focus

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

Investor stats

  • Total investments: 44
  • Round size: Seed $200k–$2.5M; Series A $247k–$12M
  • Lead/follow: 30% lead, 70% 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.
  • 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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Toon Coppens
Angel · Gent, Oost-Vlaanderen, Belgium · 11 investments in Belgium Enterprise startups

Toon Coppens (Belgium, 1981), graduated as a Master of Science in Informatics at the University of Ghent.In june 2000, during his first year at university, he successfully launched the first Belgian social networking site, which later became Redbox.be.He is the co-founder of Massive Media, the social media company behind the successfuldigital brands Netlog.com and Twoo.com. Massive Media enables members to meet nearby people instantly. Today, Over 80 million people have joined our sites on web and mobile.Toon lives in Ghent (Belgium) and London (UK), loves snowboarding and used to deejay and play volleyball a lot.>> Toon's personal Netlog (dutch)>> Twoo.com (dutch)

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Investment focus

  • Industry: SaaS, Software, Sales Automation
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Belgium, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $384k–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bizzy — Bizzy is the B2B intelligence platform helping you discover, qualify and engage with companies, smarter than ever.
  • Accurat — Accurat provides real-word shopper insights to support retail decision making with unprecedented accuracy. Our proprietary technology, platform and algorithms understand behaviour in high detail.
  • Cardify — Cardify redefines the way the fastest growing companies enable their sales team to deliver a more effective and personalized buyer/seller experience. The company was founded in 2019 and headquartered in Oost-Vlaanderen, Belgium.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 11 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Seed $1.1M–$7.7M; Series A $868k–$47M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Accelleran — Accelleran is pioneering a disruptive approach to the delivery of cost-effective, carrier and mission-critical grade TDD and FDD Small Cell networks through its focus on software quality and partnerships with volume manufacturers.Accelleran provides LTE Small Cell software and LTE Small Cell product solutions which address the real-worldchallenges of volume deployment of Small Cells. We offer turnkey solutions and unique experience on the challenges of integrating cellular technology on low cost, yet powerful platforms and architectures. Accelleran offers its customers solid and dependable system solutions, backed by the support of our unparalleled expertise.Accelleran’s technology is genuinely independent from any HW platform and enables operators to invest once in the integration and validation of a common software base that can be deployed across different segments, platforms and Small Cell architectural approaches to enable a truly integrated HetNet.
  • Morrow Optics — Looking for the next big thing in eyewear technology? Check out Morrow's electrified progressives, also known as autofocals! These innovative glasses switch focus length with a touch of button, providing you with seamless vision from near to far. Learn more about this technology on Morrow's website.
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S.R.I.W.
VC Fund · Liège, Liege, Belgium · 9 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
  • Minoryx Therapeutics — Minoryx is focused on the discovery and development of novel treatments for severe, orphan diseases of the central nervous system with high unmet medical need.
  • 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.

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Newion
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 9 investments in Belgium Enterprise startups

Newion is a venture capital firm focused on early-stage investments in B2B software companies. Its mission is to support entrepreneurs in building software companies into category leaders that create sustainable impact, and in doing so generate excellent returns to its investors.

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Investment focus

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

Investor stats

  • Total investments: 75
  • Round size: Seed $796k–$6.6M; Series A $1.1M–$7.4M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $148M in 2022

Portfolio highlights

  • NjiaPay — Payments-as-a-Service platform that will streamline your operations and elevate your online payments across the African continent.
  • nuwacom — AI that understands your business - nuwacom turns your knowledge into content, collaboration, and automated workflows that scale.
  • Dexter Energy Services — Dexter helps asset-backed renewable traders maximize profits through accurate forecasts and price insights, day-ahead to real time.
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 9 investments in Belgium Enterprise startups

Seeder Fund is an early-stage financing and growth capital for digital startups. For young start-ups with a start in commercial traction it offers seed funding of up to EUR 200,000 to validate their value proposition and product-market fit. For start-ups preparing for Series A it provides funding of up to EUR 300,000 to confirm the growth potentialand move closer to break-even. For scale-ups, the Seeder Fund can also help finance the company's growth, this time in the form of a capital stake of up to 1,000,000 EUR.

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Investment focus

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

Investor stats

  • Total investments: 32
  • Round size: Seed $384k–$2.5M; Pre-Seed $219k–$2.4M; Series A $3.3M–$8M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • CrypDefi — Unified custody and compliance for institutional digital finance.
  • Alice — Reimagining the legal drafting process with AI, allowing lawyers to concentrate on strategic decisions and achieve better legal outcomes.
  • Vectrix — Vectrix offers AI-based automation and consulting solutions for businesses and logistics companies to automate workflows.
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 9 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 20
  • Round size: Seed $932k–$1.6M; Series A $1.2M–$7.4M
  • 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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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 9 investments in Belgium Enterprise startups

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

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Investment focus

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

Investor stats

  • Total investments: 74
  • Round size: Seed $500k–$4.6M; Pre-Seed $110k–$2M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Lette AI — Operating system built for modern property teams. Automate the work that holds portfolios back and unlock NOI growth.
  • NineID — NineID provides a biometric access control solution and identity visitor management system that increases businesses' security, compliance, and safety.
  • Openface — Digital skin diagnostic and personalized skincare
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Fortino Capital
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 8 investments in Belgium Enterprise startups

We partner with exceptional B2B Software entrepreneurs across Northwestern Europe.

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Investment focus

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

Investor stats

  • Total investments: 66
  • Round size: Seed $1.6M–$6.7M; Series A $3M–$17M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Vaultspeed — Save your teams months of headache with a no-code approach to automate your multi-source data integration, Data Vault modeling & ETL/DDL code generation.
  • Mobilexpense — Expense management solutions for mid-sized organisations and large enterprises. Automate your expense management: improve productivity and save costs.
  • Getvisibility — Attain swift and comprehensive visibility and context for all your data, whether in motion or at rest, encompassing both on-premises and cloud environments. This empowers your teams to take proactive measures in identifying, prioritising, assigning ownership, remediating, and preventing risks that could impact your business, ensuring the utmost security across all aspects of your operations.
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Angelwise
VC Fund · Hasselt, Limburg, Belgium · 8 investments in Belgium Enterprise startups

Angelwise Vlaams Investeringsfonds

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 14
  • Round size: Seed $521k–$3M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 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
  • Watcherr — This is the homepage of the website
  • Sealution — Sealution is a startup that was founded to improve connectivity on board of merchant vessels to enable IoT solutions.For decades, the maritime sector has been lagging behind in terms of digital innovation due to the impenetrable steel walls below deck that made it impossible for any signal to get to the bridge.At Sealution we are bringing thesector into the 21st century.
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Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 8 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 162
  • Round size: Series A $3.3M–$65M; Series B $7M–$69M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $622M in 2010

Portfolio highlights

  • Mediar Therapeutics — Mediar Therapeutics is a preclinical stage biotechnology company developing antibody-based therapeutics to halt fibrosis in a variety of organ systems, including lung, liver, kidney, and skin.
  • ImCheck Therapeutics — ImCheck Therapeutics is a developer of immuno-modulatory antibodies designed for the treatment of cancer and other immune-related diseases. The company's services are engaged in the discovery and development of immunomodulators for treating breast cancer, gastric, ovarian cancer cells and other solid solid tumours.
  • ImmunOs Therapeutics — ImmunOs Therapeutics AG is a clinical-stage biotechnology company focused on discovering and developing next generation and novel human immunomodulatory proteins with a role in both innate and adaptive immunity.Their mission is to develop the next generation of novel therapeutics that will improve the lives of patients with serious disease.
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Sambrinvest
VC Fund · Gosselies, Hainaut, Belgium · 8 investments in Belgium Enterprise startups

Sambrinvest is an active venture capital player in the region of Charleroi - Thuin.

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Investment focus

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

Investor stats

  • Total investments: 39
  • Round size: Seed $544k–$24M; Series A $411k–$57M; Series B $4.4M–$44M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Sunrise — Sunrise aims to bring simple answers to millions of people suffering from sleep disorders.We have developed a 3-gram sensor to diagnose sleep with gold standard quality. The technology offers a revolutionary new way to measure brain commands at night, with published clinical results never seen before. Studies demonstrate Sunrise is as accurate asin-lab sleep studies, at a fraction of the cost.Affecting one in three people, sleep disorders are extremely common. Sleep apnea is the most prevalent disease with almost 1 billion persons concerned. This condition leads to great body damage over time and yet remains undiagnosed in 80% of the cases.Patients, caregiver and insurers stand to benefit greatly from a solution to current highly cumbersome, expensive and time-consuming diagnostics systems.
  • Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
  • Enodia Therapeutics — Enodia Therapeutics pioneers targeted protein degradation at the Sec61 translocon, developing small-molecule therapies for inflammatory and autoimmune diseases.
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Belfius Bank
VC Fund · Saint-josse-ten-noode, Brussels Hoofdstedelijk Gewest, Belgium · 8 investments in Belgium Enterprise startups

Ontdek een bank-verzekeraar dicht bij u: rekeningen, kaarten, kredieten, sparen en verzekeringen. Beheer alles online of in kantoor, volgens uw behoeften.

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Investment focus

  • Industry: Software, SaaS, Pharmaceutical
  • Stage:Debt Financing, Seed, Pre-Seed
  • Geography: Belgium, France, The Netherlands

Investor stats

  • Total investments: 19
  • Round size: Seed $291k–$1.1M; Pre-Seed $291k–$1.4M; Debt Financing $1.1M–$382M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Alan — Alan provides online digital insurance services focusing on health and wellness. The company offers health insurance services, providing solutions tailored to the needs of different types of businesses. It provides simple and seamless insurance coverage and easy claim handling. It gives access to medical professionals for users to easily andconveniently get medical advice and manage claims and reimbursements.
  • Hexa — eFounders partners with talented co-founders to build the future of product-led SaaS.
  • Storm — Storm focuses on wind energy solutions, developing and managing wind farms for renewable energy production.
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Inventures SA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 7 investments in Belgium Enterprise 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, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $82k–$2.2M; Series A $411k–$13M
  • Lead/follow: 9% lead, 91% 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 — A sustainable, cost-effective and reliable energy storage system with second-life batteries from electric vehicles.
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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 7 investments in Belgium Enterprise startups

Regional Investment Company of Brussels

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Investment focus

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

Investor stats

  • Total investments: 19
  • Round size: Seed $1.5M–$5.5M; Series A $2.3M–$4.2M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Fyteko — For a more sustainable agriculture
  • AI-Blox — A modular & flexible hardware and software platform for edge AI applications.
  • AnyKrowd — Anykrowd specializes in providing an all-in-one cashless payments and ticketing solution aimed at enhancing event experiences. The company focuses on increasing revenue for event organizers while reducing operational costs. Anykrowd's platform is designed to support the creation of various ticket types, including early bird, multiple days, andVIP tickets, catering to the diverse needs of events. With a commitment to technological innovation, Anykrowd continuously develops new tools to stay aligned with the evolving demands of the event industry. The company also emphasizes sustainability and the future of event management by offering easy-to-use event technology and management tools.
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Be Angels
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 6 investments in Belgium Enterprise startups

Early stage Entrepreneurs Coaching and FinancingOne of Europe's leading Business Angels Networks. We connect innovative growth companies to equity finance and coaching by experienced angel investors. The network is 250 members strong and has been assisting innovative entrepreneurs to find financing for more than 10 millions Euros in thelast 4 years.

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Investment focus

  • Industry: SaaS, Software, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, France, Spain

Investor stats

  • Total investments: 22
  • Round size: Seed $247k–$1.5M; Pre-Seed $78k–$373k
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • DeftHedge — DeftHedge is an application addressed to business leaders, and CFOs facing volatility of foreign exchange market.
  • NIUM — NIUM is a startup focused on personalized nutrition and gut microbiome research. NIUM created science-based solutions to transform nutrition research and product development.
  • TalentGuide — Unlock workforce potential with Talentguide's skills intelligence platform, transforming ambition into measurable ability through actionable insights and personalized development paths.
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The CoFoundry
VC Fund · Antwerp, Antwerpen, Belgium · 6 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 14
  • Round size: Series A $878k–$3.9M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • MyCellHub — MyCellHub.com is a pre-startup from the KULeuven in the biotherapeutics industry that aspires to reform the way cell production processes are organised. With a regulatory compliant Saas-platform for data management and analytics, we increase the efficiency of your manufacturing processes, provide actionable insights via cell culture specificprocess analytics and facilitate regulatory compliance by means of a real-time audit trail and automated batch records.
  • Vaultspeed — Save your teams months of headache with a no-code approach to automate your multi-source data integration, Data Vault modeling & ETL/DDL code generation.
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 6 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $1.1M–$4.4M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • IVEX — IVEX offers Repeatable and Scalable Testing & Validation Data Analytics solutions for ADAS/AD Vehicles.
  • 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
  • MyCellHub — MyCellHub.com is a pre-startup from the KULeuven in the biotherapeutics industry that aspires to reform the way cell production processes are organised. With a regulatory compliant Saas-platform for data management and analytics, we increase the efficiency of your manufacturing processes, provide actionable insights via cell culture specificprocess analytics and facilitate regulatory compliance by means of a real-time audit trail and automated batch records.
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KBC
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 6 investments in Belgium Enterprise startups

KBC Private Equity - the investment company of KBC Group - provides development capital and finances buy-outs to medium-sized companies in Belgium and in Central and Eastern Europe, KBC's home markets.Boasting an experienced team of 28 people, it has more than 60 active investments in portfolio with a market value in excess of EUR 400million.KBC Private Equity aims to become one of the leading private equity providers on KBC Group's home markets. As an active shareholder with a long-term perspective, KBC Private Equity is involved in taking strategic decisions and providing support to management teams.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $549k–$13M; Series A $2.9M–$65M; Series B $33M–$44M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • ELIS — Elis is a multi-services group in Europe and Brazil, specialized in the rental and maintenance of professional clothing and textile articles, as well as hygiene appliance and well-being services. With more than 19,000 employees spread across 13 countries, Elis consolidated turnover in 2014 was €1.331 billion and consolidated EBITDA reached €429million. Benefiting from more than a century of experience, Elis today services more than 240 000 businesses of all sizes in the hotel, catering, healthcare, industry, retail and services sectors, thanks to its network of nearly 300 production and distribution centers and 13 clean rooms, which guarantees it an unrivalled proximity to its clients.
  • Rookoo — Rookoo is an AI-driven venue management software that talks to your customers, handles the intake, checks availability, fills your CRM or booking software, and hands off to your team for seamless follow-up.
  • 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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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 6 investments in Belgium Enterprise startups

Noshaq offers financial services to help businesses develop.

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Investment focus

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

Investor stats

  • Total investments: 76
  • Round size: Seed $137k–$6M; Series A $3.3M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • TrustUp — TrustUp is the home contractors platform, connects homeowners with verified quality home improvement.
  • Le Fourgon — Le Fourgon provides contained drinks for home delivery. They offer milk, water, beer, wine, fruit juice, and sodas. They allow customers to have their drinks delivered free of charge during the day.
  • Allegro Biotech — Allegro has developed the world’s-first custom-tailored, durable, biocompatible, anisotropic, regenerative meniscus cartilage, providing immediate support while also leverage the body’s own healing potential to regenerate human cartilage (proliferation and differentiation of fibrochondrocyte cells).
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 6 investments in Belgium Enterprise startups

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

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Investment focus

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

Investor stats

  • Total investments: 112
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$42M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Neotiv — Enabling cognitive health
  • Thryve — Thryve’s SDK brings everything you need to access fragmented wearable, medical devices, and health data silos with a single integration. We unify your users’ data from smartwatches, blood glucose meters, and many other sources that unlock a continuous stream of harmonized health information for your care. We support popular data sources like AppleHealth, Google Fit, Huawei Health, Samsung Health, and many more.
  • VOID Technologies — VOID Technologies is a groundbreaking materials science company spun out of Kimberly-Clark to commercialise the VO+ technology. Our business model is based on supplying VO+ additive masterbatches to film manufacturers.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 6 investments in Belgium Enterprise startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Belgium, Israel, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $517k–$1.9M; Grant $261k–$3.2M; Pre-Seed $200k–$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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Louis Jonckheere
Angel · San Francisco, California, United States · 6 investments in Belgium Enterprise startups

Louis Jonckheere is the Co-Founder and Board member at In The Pocket. Louis Jonckheere attended Vlerick Business School.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, France, Estonia

Investor stats

  • Total investments: 19
  • Round size: Seed $445k–$2.5M; Pre-Seed $1.2M–$2.2M; Series A $5.5M–$8.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Henchman — Effortlessly find the clauses you’re looking for by applying our AI to your existing contracts.
  • Eagl — Eagl is an AI-native financial operations platform built that automates accounting and controlling workflows and monitors data quality.
  • Exhibitly.ai — Exhibitly.ai provides an AI‑powered platform for trade shows and B2B conferences that personalizes visitor experiences on event websites. Generates tailored exhibitor and session recommendations using attendee job title and company inputs. Converts anonymous website traffic into higher‑intent leads for event organizers.
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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Aerosint — Aerosint invented a technology called "Selective Powder Deposition" which deposits multiple powders in each layer. This unlocks multi-material 3D printing.
  • Daphne Technology — Measure and abate methane slip with Daphne Technology. Learn how we reduce emissions in gas engine exhaust. Contact us today!
  • Zeopore Technologies — Zeopore Technologies innovates zeolite mesoporization to optimize catalysts that enhance processes in refining and petrochemical industries. This leads to higher quality products, lower energy use and less waste, using an approach that is affordable, easily scalable and non-hazardous.
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E-Merge
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Enterprise startups

Find out if E-Merge is the right fit for your future career! Explore jobs, salary, equity, and funding information. Read about work-life balance, perks, benefits, and the company culture!

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, Belgium, Spain

Investor stats

  • Total investments: 69
  • Round size: Seed $213k–$3.5M; Series A $700k–$25M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $267k in 2019

Portfolio highlights

  • Invopop — Issue compliant invoices, globally
  • Work Today — Create one profile. Apply to thousands of jobs in minutes.
  • Anagram — Anagram is making vision care more affordable and accessible for providers and consumers. Thousands of eye care practices use Anagram to operate independently, process out-of-network benefits, and deliver better pricing on eyewear for their patients.
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Luc De Vos
Angel · Leuven, Vlaams-Brabant, Belgium · 5 investments in Belgium Enterprise startups

Luc De Vos is the non-executive director at Hybrid Software Group PLC. Luc De Vos attended KU Leuven.

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Investment focus

  • Industry: Analytics, Consulting, B2B
  • Stage:Seed, Series A, Private Equity
  • Geography: Belgium, Finland, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $22k–$4.2M; Series A $2.4M–$11M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Apirium — Apirium acts as your ICT architect for the digital economy.
  • Husky Marketing Planner — Marketing planning & marketing calendar tool for marketing teams. Makes the complete marketing planning clear on one central digital platform.
  • DataStories International — DataStories a Partners in Performance Company, is an end-to-end prescriptive analytics provider for your operations. Real-time optimisation for better quality, yield and energy efficiency.
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Jonas Dhaenens
Angel · Gent, Oost-Vlaanderen, Belgium · 5 investments in Belgium Enterprise startups

Jonas Dhaenens - Group CEO @ team.blue Denmark

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 9
  • Round size: Seed $445k–$1.9M; Angel $277k–$2.7M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Leadcamp — Leadcamp offers software solutions for email tracking, lead scoring, pipeline management, sales analytics and automation.
  • Cardify — Cardify redefines the way the fastest growing companies enable their sales team to deliver a more effective and personalized buyer/seller experience. The company was founded in 2019 and headquartered in Oost-Vlaanderen, Belgium.
  • Stardust — Stardust Analytics (meetstardust.ai) is a Swedish-based AI startup that provides a SaaS platform for advertising performance — using artificial intelligence to analyze what makes certain ads successful and automatically generate new high-performing ad content. Specifically, Stardust’s AI engine “reads” top-performing ads (frames, words, visuals)to identify the patterns behind success, then uses those insights to create new ad briefs and content, shifting advertising from guesswork to data-driven creativity. The goal: help brands and advertisers save time, increase conversions, and consistently scale ad performance without manually testing endless variations.
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Syndicate One
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Enterprise startups

Syndicate One helps Belgian startups scale up their businesses through early-stage financing, relevant advice and mentorship.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $1.4M–$13M; Pre-Seed $1M–$3.3M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely still investing — raised $4.8M in 2024

Portfolio highlights

  • CrypDefi — Unified custody and compliance for institutional digital finance.
  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Jurimesh — Jurimesh is an AI-powered legal due diligence automation and analyzer workspace using the various tools.
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Axeleo Capital
VC Fund · Paris, Ile-de-France, France · 5 investments in Belgium Enterprise startups

AXC is a European Venture Capital Fund, supported by a large community of tech entrepreneurs. We back startups from pre-seed / seed.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: France, United Kingdom, Belgium

Investor stats

  • Total investments: 108
  • Round size: Seed $1.2M–$9.3M; Pre-Seed $700k–$3.3M; Series A $4.4M–$21M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fund raised in 2024

Portfolio highlights

  • Joko — At Joko, we leverage technology to reinvent the shopping experience. Our ambition is to build a product used every day by hundreds of millions of consumers around the world. A product that makes their shopping experience simpler, smoother and more rewarding, whether they shop online or in-store. Want to know more? hellojoko.com/join
  • Check & Visit — In Brittany, in Rennes Check & Visit was born from the desire to help the owners of the whole world to realize the conditions of their apartment. In France each year, there are over 3,400,000 inventories made. For the 2,500,000 owners, which they are part of it is not always easy to make the inventory of his apartment. Whether due to lack ofavailability, legal knowledge, or the reliability of paper status reports. The inventory quickly becomes a tedious and time-consuming task that any owner would like to do without.
  • Picsellia — Picsellia integrates every stage of your Computer Vision Projects lifecycle. Everything from data management, experiment tracking to model deployment. Try free!
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Pieterjan Bouten
Angel · Ghent, Oost-Vlaanderen, Belgium · 5 investments in Belgium Enterprise startups

Pieterjan Bouten is the Co-Founder - Chairman of the board at In The Pocket. Pieterjan Bouten attended KU Leuven.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, Italy, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $445k–$6.6M; Pre-Seed $1.1M–$3.1M; Series A $5.5M–$19M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Daltix — Daltix provides quality retail data you can trust. Rely on our price, promotion, product and location data to save resources and easily analyse insights through the dashboard. Make smart and fact-based decisions for your business.
  • Spendesk — Automate spend management with one platform for expenses, cards and invoices. Get complete control and visibility while empowering teams to spend effortlessly. Trusted by 5,000+ companies.
  • SweepBright — SweepBright is a new generation CRM for forward looking real estate agencies.
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Saffelberg Investments
VC Fund · Gooik, Vlaams-Brabant, Belgium · 5 investments in Belgium Enterprise startups

Saffelberg Investments is an independent investment company with a 250 million EUR capital base. We focus on long term investments by taking both majority stakes and substantial minorities in fast-growing ventures through risk-bearing capital.

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Investment focus

  • Industry: Software, Fashion, E-Commerce
  • Stage:Series A, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 7
  • Round size: Series A $2.7M–$4.4M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • BRIKL — Brikl is the world's leading e-Commerce MicroStore technology. Build team stores, club shops, and custom products using our 3D configurator.
  • Radian Arc — Radian Arc is a content delivery network (CDN) that sets up broadband services around the world to make it easier to send video or gaming data to consumers.
  • Tangent Works — Create predictive models in seconds for faster and better forecasting & anomaly detection with TIM InstantML.
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ING Group
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 5 investments in Belgium Enterprise startups

Corporate site of ING, a global financial institution of Dutch origin, providing news, investor relations and general information

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: United Kingdom, United States, The Netherlands

Investor stats

  • Total investments: 96
  • Round size: Post-IPO Debt $116M–$3B; Debt Financing $75M–$1.6B
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Terra-Gen — Terra-Gen was established in August 2007, led by an experienced executive management team averaging over 25 years of relevant industry experience. The team has contracted or re-contracted over 10,000 MW of power generation facilities and has developed or acquired over $25 billion in assets over their careers.
  • Akaysha Energy — Discover innovative and sustainable renewable energy solutions with Akaysha Energy. Powering Australia's future with clean, reliable energy.
  • Glenveagh Properties — Glenveagh Properties PLC, formerly Glenveagh Properties Ltd, is an Ireland-based company focused on developing and building starter, mid-size and executive and high-end homes, with a principal focus on the Greater Dublin Area, either for itself or on behalf of third parties. Its flagship residential development site is the Marina village, which islocated beside the marina in Greystones with clear views of the Irish Sea to the east and the Wicklow Mountains to the west. Its other developments include Cois Glaisin, Co. Meath that focuses on first-time buyer homes and is located in the Dublin commuter-belt town of Navan,; Holsteiner Park, Clonee that is a development of 15 detached houses built on half acre plots; Milltown Meadows that is located in Ashbourne and comprises 67 homes; and Herbert Hill that comprises apartments and is located in the centre of Dundrum.
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KPN Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 5 investments in Belgium Enterprise startups

KPN Ventures is a corporate venture arm of KPN that aims to partner with innovative technology companies, providing access to capital, expertise, network, and customer channels. It focuses on early growth-stage European companies in networking technology, the internet of things, smart home, digital healthcare, cyber security, mobile and video (OTT)services, cloud computing, data, and analytics. It began operation on June 1, 2015, with its headquarters in Rotterdam in the Netherlands.

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Investment focus

  • Industry: Software, SaaS, Internet of Things
  • Stage:Series A, Series B, Seed
  • Geography: The Netherlands, Belgium, Germany

Investor stats

  • Total investments: 38
  • Round size: Seed $900k–$10M; Series A $2.2M–$11M; Series B $2.8M–$60M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 of the world's best publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and isheadquartered in London, England.
  • CloudTalk — CloudTalk is an intuitive and easy-to-use cloud-based call center software with many advanced features designed to improve customer support.
  • BOX ID Systems — BOX ID Systems develops and offers an end-to-end location & process mining solution to cost effectively track millions of logistics assets digitally throughout the industrial supply chain across Europe and the World - including site-to-site, on-premises and indoor buildings digital twin of supply chain processes. The system is built on aspecialized analytics software platform, sensorik tracking devices and efficient data-, device- and user-management tools, including functions to support process automation and optimization. Industrial and automotive production customers benefit from making their logistics processes more efficient and cost optimized, with 100% transparency within their critical processes throughout the entire supply chain.
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Hummingbird Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 4 investments in Belgium Enterprise 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, Financial Services, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: United States, Turkey, United Kingdom

Investor stats

  • Total investments: 139
  • Round size: Seed $828k–$24M; Series A $1.6M–$51M; Series B $2.5M–$58M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • MarkaVIP — Markavıp is an exclusive, invitation-only online shopping community focused on the Middle Eastern market. The website specializes in offering flash sales to its customers.Markavıp was founded by Ahmed Alkhatib, who previously spent 12 years in Silicon Valley working in the e-commerce industry. The website enjoys memberships from over 3 millionexclusive members across eight Arabic speaking countries including Jordan, Saudi Arabia, UAE, Qatar, Kuwait, Lebanon, Bahrain, and Oman.
  • Kaleidoscope — Life Science work orchestration and data infrastructure
  • Jupiter — Getting access to Jupiter before others. 100% digital banking with no pain. Zero balance accounts, no hidden fees. Master your money, reap rewards on Jupiter app - partnered with an RBI licensed bank for max trust.
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Medici Ventures
VC Fund · Salt Lake City, Utah, United States · 4 investments in Belgium Enterprise startups

Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has a growing portfolio of groundbreaking new companies and tech businesses.

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Investment focus

  • Industry: Blockchain, FinTech, Financial Services
  • Stage:Series A, Seed
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 28
  • Round size: Seed $2.2M–$8M; Series A $2M–$15M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • tZERO — tZERO helps companies raise capital on their terms and enables investors to access differentiated opportunities with compliant, technology-driven infrastructure.
  • SettleMint — SettleMint is a Blockchain technology company (with offices in Belgium, United Arab Emirates, Saudi Arabia, India and Singapore) & was incorporated in 2016 by Matthew Van Niekerk & Roderik van der Veer. They met in 2013 while devising & developing blockchain applications for KBC Securities, a large Belgian financial institution. Theyvery quickly realised that the promise of Blockchain technology far exceeded the boundaries of the financial world & would permeate industry & society entirely in the years to come. With the realisation that the technology will benefit organisations large and small, unlock incredible opportunities for society and move from a nascent to prevalent technology over the next 5 to 10 years, Matthew and Roderik set up SettleMint with a simple purpose, to make it easy for developers to integrate blockchain technologies into their applications. This product vision addresses the single biggest inhibitor to adoption, developer capabilities.SettleMint's core technology 'Mint' accelerates the path to leveraging the benefits of blockchain technology: whether those enterprises are looking to improve efficiency, to extend their current products to a new client segment or to completely reinvent an existing business model.Mint is a chain-agnostic node-wrapping technology including a suite of APIs, developer tools and frameworks that enable any software developer to build new Blockchain based applications or integrate Blockchain functionalities into existing solutions. Mint encapsulates years of R&D on the technical, operational & organisational aspects of Blockchain technology & packages this in fully documented APIs, micro-services, browser components and templates that strips away complexity and providing developers with the building blocks required to build full stack applications.Based on our development of 35+ fully functioning Blockchain applications & after having researched more than 500 known use cases, Mint covers 85% of the use cases for Blockchain technologies and radically reduces the time to market for users. Using Mint, integrating blockchain technologies into an application can take as little as 3 hours.So in short, it doesn’t matter if you are a startup or a big corporation, if you have decided that Blockchain technology should be part of your business or your vision for the future there is no faster solution to get you there.
  • Nature Mobility — Nature Mobility is a mobile application platform.
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Big Bang Ventures
VC Fund · Antwerpen, Antwerpen, Belgium · 4 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Amplidata — From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum offers the most comprehensive and cost-efficient data management solutions.
  • Clear2Pay — Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time providing their clients withbetter payment services that are faster, with richer payments related information.Clear2Pay's solutions within the Service- Oriented Architecture (SOA) based Open Payment Framework offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment.
  • Racktivity — Racktivity, an innovator in next-generation power, energy and environmental management solutions offers the industry's only integrated hardware and software for critical infrastructures.The DCPM suite, a Service Provider Infrastructure & Data Center Performance Management System, measures, monitors and manages power across distributeddata centres and gives customers full visibility and control of their energy consumption while integrating seamlessly with other applications and PDU appliances.Racktivity's EnergySwitch family of smart Power Distribution Units (PDUs), and sensors equips infrastructures with the most advanced metering, switching and predictive analysis capabilities available on the market today.
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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Enterprise startups

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

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Investment focus

  • Industry: Electronics, Semiconductor, Health Care
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 22
  • Round size: Seed $1.2M–$6.6M; Series A $2.7M–$17M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Novenda Technologies — Groundbreaking multi-material 3D printing solutions for dental applications and beyond.
  • Hummink — Dream Smaller Now : Experience a revolution with Hummink's world's smallest fountain pen. Redefine micro-scale writing with our innovative technology.
  • Ubitium — Ubiquitous computing, universal RISC-V microprocessor
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 4 investments in Belgium Enterprise startups

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 101
  • Round size: Seed $550k–$5M; Pre-Seed $549k–$2.6M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • Stack — Stack is an immersive experience of the internet with collaboration at its core. Achieve more with your peers in an organized environment
  • Basalt — Basalt is an end-to-end AI reliability platform designed to help teams build, test, deploy, and monitor AI agents.
  • Sonomo — Invest in music royalties and earn monthly dividends. Thousands of assets to trade from and build a balanced portfolio. Start today.
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Lean FUND
VC Fund · Louvain, Vlaams-Brabant, Belgium · 4 investments in Belgium Enterprise 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 $66k–$384k
  • 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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Brustart
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Enterprise startups

More than financing alone!The Brussels Regional Investment provides financial support for the creation, reorganization and expansion of private corporations located in the Brussels Capital Region.The G.I.M.B. is an investment company with an overall mission that is open to the vast majority of economic sectors.Application through its ownfunds or quasi-equity funds helps GIMB SMEs in their creation and development: it brings about a financial leverage, to the extent that its intervention allows companies to obtain bank financing easier.Interventions are tailored to the specific nature of each project, either in the form of an investment in capital (minority interest) or in the form of a loan.Besides the investment in the strict sense, the company strives to be the promoters at any time to monitor and assist their company when a decision must be taken.Currently receive more than 350 Brussels companies, which insure thousands of workshops, support GIMB and its affiliates.

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Investment focus

  • Industry: Big Data, Internet, Software
  • Stage:Seed, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 4
  • Round size: Seed $439k–$932k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Collibra — Collibra delivers an end-to-end Data Intelligence platform to accelerate digital business transformation. Collibra accelerates trusted business outcomes by connecting the right data, insights, and algorithms to all Data Citizens. The company's platform breaks down traditional data silos and opens up organizational data, providing trustworthybusiness intelligence, enabling users to find the data they need, collaborate on it, and easily understand its meaning.It was founded in 2008 and headquartered in Hoofdstedelijk Gewest, Belgium.
  • proUnity — The external talent matchmaker. PoUnity unites freelancers, suppliers and companies in cool new missions. The best talent wins and joins innovative projects.
  • Swan Insights — Swan Insights focuses on providing businesses with big data solutions for their decision making in marketing campaigns, lead generation, and customer relationship management.Swan Insights enables businesses to obtain business insights and information collected from social media, corporate websites, official business registers, businessactivities, and more. The company develops cloud solutions, APIs, applications, and system integration solutions.Swan Insights was founded by Laurent Kinet in October 2013. And it is headquartered in Brussels, Belgium.
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Spreds
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Enterprise startups

We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels.

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Investment focus

  • Industry: Health Care, Information Technology, Food and Beverage
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, France

Investor stats

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

Portfolio highlights

  • Opinum — What is Opinum Data Hub? Our Data Hub is a secured Cloud-based platform that allows energy and environmental actors to centralise, enhance, analyse, and share data.
  • Digiteal — Digiteal offers a wide range of services for e-invoice presentment, electronic payments and open banking.
  • NietsCo — NietsCo. is the home of Botaniets Gin 0.0%, a leading selection of alcohol-free products, carefully distributed to the world's best restaurants, concept stores, shops and consumers.
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Notion Capital
VC Fund · London, England, United Kingdom · 3 investments in Belgium Enterprise startups

Notion Capital is a VC firm focused on European SaaS and Cloud.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 250
  • Lead/follow: no public data

Portfolio highlights

  • HeyJobs — Intelligent recruiting | more hires with performance marketing | only qualified candidates | fast recruiting success | over 1,500 companies use HeyJobs to find employees
  • Wercker — Industry leading container registry, for organizations to manage Docker images, perform vulnerability analysis, and manage access via fine-grained access control.
  • Isembard — Isembard has experience from the military, government, large enterprises, and a successfully exited technology business.
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Gemma Frisius Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 3 investments in Belgium Enterprise startups

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

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Investment focus

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

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • Magics Technologies — Magics Technologies is a nuclear research center that develops autonomous machines for sustainable energy sources.
  • Tavira Therapeutics — Tavira Therapeutics develops an innovative technology that equips AAV vectors with molecules to accurately target the intended tissues.
  • Augustine Therapeutics — Augustine Therapeutics is developing selective, safe and efficacious HDAC6 inhibitors designed for treatment of neuromuscular, neurodegenerative and cardiometabolic diseases. Discover our pipeline poised for clinical impact.
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Connect Ventures
VC Fund · London, England, United Kingdom · 3 investments in Belgium Enterprise startups, 10 in the past 12 months

We've been investing in pre-seed and seed stage product companies since 2012, from our home in London.

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Investment focus

  • Industry: Software, SaaS, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 142
  • Lead/follow: no public data

Portfolio highlights

  • Dust — Dust is a platform for creating sophisticated processes based on large language models and semantic search.
  • Purple Dot — Sell More by Selling Earlier
  • Steep — Business intelligence for modern companies. Steep lets anyone on your team stay on top of your data.
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