Top 50 Hardware Startup Investors in Belgium (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
PMV
VC Fund
|
14 | Belgium, United States, The Netherlands | Series A, Seed | Software, Biotechnology, Health Care | $549k–$40M |
|
imec.xpand
VC Fund
|
10 | Belgium, United States, Germany | Seed, Series A, Series B | Semiconductor, Manufacturing, Medical Device | $3.3M–$100M |
|
Qbic Fund
VC Fund
|
9 | Belgium, The Netherlands | Seed, Series A | Biotechnology, Software, Health Care | $868k–$47M |
|
Limburgse Reconversie Maatschappij
VC Fund
|
8 | Belgium, United States, The Netherlands | Seed, Series A | Information Technology, Software, Biotechnology | $494k–$11M |
|
WING by Digital Wallonia
VC Fund
|
7 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, SaaS | $219k–$11M |
|
The Faktory Fund
VC Fund
|
6 | Belgium, France, United States | Seed, Pre-Seed | Software, Analytics, Information Technology | $1.1M–$4.4M |
|
Toon Coppens
Angel
|
6 | Belgium, United States | Seed, Pre-Seed, Angel | SaaS, Software, Sales Automation | $384k–$2.2M |
|
Lorenz Bogaert
Angel
|
6 | Belgium, United Kingdom, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS | $120k–$5.7M |
|
Allegro Investment Fund
VC Fund
|
4 | Belgium, United States, The Netherlands | Series A, Series B | Software, Hardware, Apps | $1.9M–$19M |
|
Capricorn Partners
VC Fund
|
4 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software | $3.3M–$42M |
|
KBC Focus Fund
VC Fund
|
3 | Belgium, The Netherlands, Germany | Seed, Series A | Electronics, Semiconductor, Health Care | $1.2M–$17M |
|
Lean FUND
VC Fund
|
3 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software | $66k–$384k |
|
Be Angels
VC Fund
|
3 | Belgium, France, Spain | Seed, Pre-Seed | SaaS, Software, Health Care | $78k–$1.5M |
|
Volta Ventures
VC Fund
|
3 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence | $549k–$8.8M |
|
Angelwise
VC Fund
|
3 | Belgium, The Netherlands | Seed, Pre-Seed | Software, SaaS, Information Technology | $521k–$3M |
|
Jonas Dhaenens
Angel
|
3 | Belgium | Seed, Angel, Pre-Seed | Software, SaaS, Internet | $277k–$2.7M |
|
Big Bang Ventures
VC Fund
|
3 | Belgium, The Netherlands, United States | Series A, Series B | Software, Cloud Computing, Apps | $1M–$9M |
|
Capital-E
VC Fund
|
3 | Belgium, United States, Germany | Series B, Series A | Software, Manufacturing, Semiconductor | $3.3M–$26M |
|
Flanders Future Techfund
VC Fund
|
3 | Belgium | Seed | Medical, Semiconductor, Clinical Trials | $2.7M–$33M |
|
Fidimec
VC Fund
|
3 | Belgium | Series A, Seed | Industrial, Semiconductor, Medical | $2.2M–$7.7M |
|
Gemma Frisius Fund
VC Fund
|
3 | Belgium, France, United Kingdom | Seed, Series B, Series A | Biotechnology, Health Care, Medical | $384k–$84M |
|
Baekeland Funds
VC Fund
|
3 | Belgium | Series B, Series C | Biotechnology, Hardware, Software | |
|
Gimv
VC Fund
|
2 | Belgium, United States, France | Series B, Series A | Biotechnology, Health Care, Medical | $3.3M–$69M |
|
SFPIM
VC Fund
|
2 | Belgium, France | Series A, Series B, Series C | Biotechnology, AgTech, Agriculture | $8.8M–$110M |
|
XAnge
VC Fund
|
2 | France, Germany, Belgium | Series A, Seed, Series B | Software, SaaS, E-Commerce | $1.1M–$60M |
|
Sambrinvest
VC Fund
|
2 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Medical | $411k–$57M |
|
Eurazeo
VC Fund
|
2 | France, United States, Germany | Series B, Seed | Software, Information Technology, Health Care | $2.7M–$120M |
|
Nuoyan Capital
VC Fund
|
2 | China, Belgium | Seed, Series A | Manufacturing, Semiconductor, Electronics | |
|
Terra Drone
VC Fund
|
2 | Belgium, Ukraine | Series A, Series B | Robotics, Aerospace, Drone Management | |
|
New Enterprise Associates
VC Fund
|
2 | United States, India, United Kingdom | Series A, Series B, Series C | Software, Health Care, Biotechnology | $5.3M–$103M |
|
Innovation Fund
VC Fund
|
2 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Information Technology | $329k–$5.8M |
|
Korys
VC Fund
|
2 | Belgium, The Netherlands, Germany | Series B, Series A | Biotechnology, Renewable Energy, Information Technology | $3.9M–$110M |
|
IAG Capital Partners
VC Fund
|
2 | United States, Germany, Ireland | Series B, Series A, Seed | Software, Health Care, Artificial Intelligence | $1.1M–$100M |
|
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
|
2 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Software | $200k–$3.2M |
|
TCD Capital (ex TheClubDeal)
VC Fund
|
2 | Belgium, France | Series A, Series B, Seed | Health Care, Biotechnology, Information Technology | $2.2M–$18M |
|
Meusinvest (Noshaq)
VC Fund
|
2 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical | |
|
Partech
VC Fund
|
2 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services | |
|
KPN Ventures
VC Fund
|
2 | The Netherlands, Belgium, Germany | Series A, Series B, Seed | Software, SaaS, Internet of Things | $900k–$60M |
|
LeanSquare
VC Fund
|
2 | Belgium, France, United States | Seed, Series A | Software, Music, Internet | |
|
Quest for Growth
VC Fund
|
2 | Belgium, France, The Netherlands | Series B, Series C | Biotechnology, Hardware, Software | |
|
Inventures SA
VC Fund
|
2 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Biotechnology, Manufacturing | $82k–$13M |
|
Finance.Brussels
VC Fund
|
2 | Belgium, France | Seed, Series A | Software, Information Technology, Internet | $1.5M–$5.5M |
|
Akiles
VC Fund
|
2 | Belgium, France, Luxembourg | Private Equity, Series A | Health Care, Software, Wellness | $1.6M–$4.9M |
|
Vesalius Biocapital Partners
VC Fund
|
2 | Belgium, Germany, France | Series A, Series B, Series C | Biotechnology, Health Care, Medical | $3.8M–$100M |
|
Vives Louvain Technology Fund
VC Fund
|
2 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical | $491k–$125M |
|
S.R.I.W.
VC Fund
|
2 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing | $411k–$75M |
|
Olivier Coune
Angel
|
2 | Belgium | Seed | Outdoors, Software, Lifestyle | $395k–$878k |
|
Boris Bogaert
Angel
|
2 | Belgium, United Kingdom, Italy | Seed, Pre-Seed | Software, SaaS, FinTech | $130k–$4.8M |
|
European Commission
VC Fund
|
2 | France, Spain, United Kingdom | Grant, Seed, Pre-Seed | Software, Health Care, Biotechnology | $55k–$36M |
|
VCT Vector Gestion
VC Fund
|
2 | Belgium | Seed | Computer, Electronics, Manufacturing | $21M–$43M |
| Access all 46 investors in Belgium Hardware startups. | |||||
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822 industries, 177 countries. Updated daily. Emails and phones included.
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Do and dare company
Show more...Investment focus
- Industry: Software, Biotechnology, Health Care
- Stage:Series A, Seed
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 139
- Round size: Seed $549k–$3.8M; Series A $2.7M–$40M
- Lead/follow: 22% lead, 78% follow
Portfolio highlights
- Minze Health — Digital Urology Starts Here from symptom to solution Home-based digital diagnostics and therapeutics for Male LUTS/BPH and OAB. Shaping the future of urology through meaningful data. Get In Touch Our Mission We're redefining how Male LUTS/BPH and OAB are diagnosed and treated Today's Challenge Lower urinary tract symptoms (LUTS) affect a growing group of patients.
- 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.
- CHILI publish — Allow users to edit customizable documents, or fully automate artwork generation. Output files are ready to use for print and digital.
Expanding nanotechnology into business.
Show more...Investment focus
- Industry: Semiconductor, Manufacturing, Medical Device
- Stage:Seed, Series A, Series B
- Geography: Belgium, United States, Germany
Investor stats
- Total investments: 46
- Round size: Seed $3.3M–$21M; Series A $8.7M–$56M; Series B $12M–$100M
- Lead/follow: 54% lead, 46% follow
- Last fund: Likely still investing — raised $351M in 2024
Portfolio highlights
- Spectricity — Spectricity provides multispectral imaging solutions to enhance color accuracy and analysis capabilities in mobile and consumer electronics.
- Onera Health — Introduction to Onera sleep diagnostics and monitoring solutions
- Swave Photonics — Swave develops Spatial Computing, Holography, holographic chips, and holograms in the HXR chip to create 3D augmented and virtual reality and HUD Heads Up Displays
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.
Show more...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.
Oxygen for growth - LRM
Show more...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.
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).
Show more...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.
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.
Show more...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.
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)
Show more...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.
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).
Show more...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
Allegro Investment Fund is an open end seed capital investment fund, focussing on high-tech ventures. With a combined experience of more then 40 years of experience in high-tech start-up management, the AIF team adds smart money to your capital needs.
Show more...Investment focus
- Industry: Software, Hardware, Apps
- Stage:Series A, Series B
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 9
- Round size: Series A $1.9M–$3.3M; Series B $10M–$19M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Visys — Visys NV, The optical sorting innovation Company, is a leading state-of-the-art provider of Digital automated sorting solutions to the global food and non-food processing industry.
- Mass Relevance — Mass Relevance develops and offers cloud-based software for media and entertainment sectors.Its software enables social media content aggregation, filtration, and integration. The company's clientele includes December, 2010. The company was founded in 2009 and is based in Austin, Texas.In April 2014, Mass Relevance merged with Spredfast, forming a comprehensive social marketing company.
- GreenPeak Technologies — GreenPeak Technologies operates as a fabless semiconductor and is one of the leaders in the ZigBee market with a rich offering of RF chips for the Smart Home and the IoT.Driven by the world’s MSOs, GreenPeak is proving its market leadership position as the Internet of Things connectivity technology provider for the Smart Home.GreenPeakTechnologies is a fabless semiconductor company and the leader in the ZigBee market with a rich offering of semiconductor products and software technologies for Smart Home data communications and the Internet of Things.The GreenPeak founders have significantly contributed to the invention of WiFi and made it into a commercial success, used by several billion people today. GreenPeak is recognised as a leader in developing new wireless technologies for consumer electronics, Smart Home applications and the IoT/IoE, demonstrating rapid growth and adoption by major customers around the globe.It offers its products for original equipment manufacturers in the United States, Europe, and Asia. The company was formerly known as Xanadu Wireless and changed its name to GreenPeak Technologies B.V. in 2007. GreenPeak Technologies was founded in 2004 and is based in Utrecht, the Netherlands with additional offices in Belgium, Japan, France, California, US as well as in Korea and Hong Kong.
Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds
Show more...Investment focus
- Industry: Biotechnology, Health Care, Software
- Stage:Series B, Series A
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 113
- 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
- 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.
- fruitcore robotics — fruitcore robotics is a robotic system that leverages intelligent software and innovative mechatronics.
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!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.
Show more...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
Startups, increase your value by 3 within 9 months thanks to Power 3 by Leanfund (www.leanfund.com)!
Show more...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.
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.
Show more...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.
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.
Show more...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.
Angelwise Vlaams Investeringsfonds
Show more...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.
Jonas Dhaenens - Group CEO @ team.blue Denmark
Show more...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.
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.
Show more...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.
Leading venture capital fund with exclusive focus on micro/nano-electronics and advanced materials
Show more...Investment focus
- Industry: Software, Manufacturing, Semiconductor
- Stage:Series B, Series A
- Geography: Belgium, United States, Germany
Investor stats
- Total investments: 19
- Round size: Series A $3.3M–$26M; Series B $7.5M–$13M
- Lead/follow: 26% lead, 74% follow
Portfolio highlights
- 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.
- Silicon Line — Munich, Germany-based Silicon Line (www.silicon-line.com) is the unchallenged world leader in developing and providing innovative ultra-low-power optical link technology that enables the use of thin, long, lightweight and very high speed ‘active’ optical cables for a wide array of consumer electronics products – including TVs, set-top boxes, videogame consoles, augmented reality (AR) and virtual reality (VR) headsets and related devices – as well as commercial and industrial applications. ‘Active’ refers to powered electronics integrated within the cable.Clear evidence of Silicon Line’s global leadership in ultra-lower-power optical technology can be seen not only by its steadily evolving line of leading-edge and industry-first products – with more than 25 different products now in use – but also in its pivotal role within the HDMI Forum, where it has successfully led efforts to enhance support for active optical cable technology standards in the latest specification, HDMI 2.1.Founded in 2005 as an outsource integrated circuit (IC) design house, Silicon Line quickly developed proven expertise in ultra-low-power, analog and mixed-signal chip design. Billions of ICs based on its designs have been used in products of major brand-name manufacturers.
- Silicon Mobility — Our solution enables carmakers to improve EV and HEV energy efficiency, increase range and accelerate charging time while reducing cost.
Flanders Future Techfund operates as an investment firm.
Show more...Investment focus
- Industry: Medical, Semiconductor, Clinical Trials
- Stage:Seed
- Geography: Belgium
Investor stats
- Total investments: 7
- Round size: Seed $2.7M–$33M
- Lead/follow: 14% lead, 86% follow
Portfolio highlights
- EDGX — EDGX, founded in 2023 in Ghent, is a Belgian Space Tech company developing high-speed edge computing units for satellites. Its NVIDIA-powered Sterna Computer and SpaceFeather software enable real-time, AI-driven on-orbit data processing for applications in communication, Earth observation, and intelligence.
- Flindr Therapeutics — Immagene develops personalized cancer immunotherapies to fight multiple cancer type.
- AmphiStar — We are developing a proprietary technology platform for the ecological production of biosurfactants, that are clean, safe, sustainable and biodegradable
Fidimec is a Belgium-based venture capital firm that offers investment and incubation services for seed stage startups.
Show more...Investment focus
- Industry: Industrial, Semiconductor, Medical
- Stage:Series A, Seed
- Geography: Belgium
Investor stats
- Total investments: 6
- Round size: Series A $2.2M–$7.7M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
- Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
- MICLEDI Microdisplays — MICLEDI Microdisplays is an experienced executive in the semiconductor industry,
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Browse database — It's Free!Gemma Frisius Fund KU Leuven is a seed capital fund that aims to stimulate the creation and growth of university related spin-off companies.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Medical
- Stage:Seed, Series B, Series A
- Geography: Belgium, France, United Kingdom
Investor stats
- Total investments: 34
- Round size: Seed $384k–$33M; Series A $932k–$84M; Series B $4.4M–$24M
- Lead/follow: 12% lead, 88% follow
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.
Baekeland Funds is a seed capital fund formed to invest in companies developed at the University of Ghent.
Show more...Investment focus
- Industry: Biotechnology, Hardware, Software
- Stage:Series B, Series C
- Geography: Belgium
Investor stats
- Total investments: 8
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Caliopa — Caliopa NV develops and markets silicon photonics based optical transceivers for the data and telecommunications markets. The company was incorporated in 2010 and is based in Zwijnaarde, Belgium.
- Complix — Complix is a biopharmaceutical company focused on the discovery and development of Alphabodiesâ„¢, a novel class of biopharmaceuticals that offer significant advantages over existing protein based therapies. Alphabodiesâ„¢ bind with high affinity to a wide range of disease targets and are particularly suited to address certain targets that aredifficult to reach with antibodies or other types of protein scaffolds. Due to their unique stability and versatility Alphabodiesâ„¢ can be delivered via alternative non-injectable routes of administration, unlike most therapeutic proteins.
- Trinean — Unchained Labs helps biologics & gene therapy researchers break free from tools that don't cut it. Crank up your research with our problem-solving products.
Gimv, a trusted European investment company, helps mid-market businesses create sustainable value through growth capital and expertise across diverse sectors.
Show more...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.
SFPIM investment firm that invests in technology and infrastructure.
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- Industry: Biotechnology, AgTech, Agriculture
- Stage:Series A, Series B, Series C
- Geography: Belgium, France
Investor stats
- Total investments: 11
- Round size: Series A $8.8M–$110M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- Fyteko — For a more sustainable agriculture
- 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.
- Swave Photonics — Swave develops Spatial Computing, Holography, holographic chips, and holograms in the HXR chip to create 3D augmented and virtual reality and HUD Heads Up Displays
XAnge is a Franco-German team of venture capital investors that manages €450 million and invests in digital, deeptech, and impact startups.It is the innovation brand of the Siparex group, a major player in French private equity. XAnge is a key European investor in early-stage startups and is looking for game-changing startups and entrepreneurswho rock the code[s].The Paris, Ile-de-France-located company was founded in 2004.
Show more...Investment focus
- Industry: Software, SaaS, E-Commerce
- Stage:Series A, Seed, Series B
- Geography: France, Germany, Belgium
Investor stats
- Total investments: 210
- Round size: Seed $1.1M–$8M; Series A $3M–$22M; Series B $6M–$60M
- Lead/follow: 32% lead, 68% follow
- Last fund: Likely still investing — raised $234M in 2021
Portfolio highlights
- Tomorro — Leeway helps you reduce the time spent on contract management and gives you more control and visibility over legal and financial risks.
- Request Finance — A suite of financial tools to make your life easier - crypto organizations & freelancers use Request for invoices, expenses, payroll or accounting.
- POLLEN Metrology — The revolution of artificial intelligence for high performance materials. Accelerate the time to yield of new materials and processes.
Sambrinvest is an active venture capital player in the region of Charleroi - Thuin.
Show more...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.
Eurazeo is a private equity and venture capital firm that invests in SMEs and manages a diversified portfolio of assets.With its expertise in private equity, real estate, and private debt, the group supports companies of all sizes in their development commitment through the commitment of its 235 professionals. It provides companies with thenecessary investments needed to realize their growth potential.The firm was founded in 1969 and is based in Paris, Ile-de-France, France.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Series B, Seed
- Geography: France, United States, Germany
Investor stats
- Total investments: 256
- Round size: Seed $2.7M–$16M; Series B $16M–$120M
- Lead/follow: 38% lead, 62% follow
- Last fund: Likely actively investing — fund raised in 2025
Portfolio highlights
- Back Market — Back Market is an online marketplace for refurbished electronics. The company brings refurbished electronic devices and appliances to customers in 13 countries (including the United States, France, Germany, the United Kingdom, Italy, Spain, Belgium, Austria, the Netherlands, and more recently, Portugal, Japan, Finland, and Ireland). It employs ateam of 480 employees and counting across its 4 offices located in New York, Berlin, Paris, and Bordeaux.Launched in 2014 by Thibaud Hug de Larauze, Quentin Le Brouster, and Vianney Vaute, Back Market is headquartered in Paris, France.
- Alt Mobility — ALT Mobility is a full-stack EV leasing platform offering mobility as a service (MaaS) for commercial vehicle users.
- Descartes Underwriting — Descartes Underwriting is an insurtech company that specializes in climate risk modeling and data-driven risk transfer. It works with corporate brokers to design and underwrite innovative, bespoke, and affordable insurance. The company offers tech-based insurance products covering risks such as flooding, wildfires, droughts, and other large-scaleevents to businesses, across all sectors, including agriculture, hospitality, mining, construction, traditional and renewable energy, entertainment, and retail. The company was founded in 2019 and is headquartered in Puteaux, Ile-de-France, France.
Nuoyan Capital is a premier industrial investment institution specializing in optoelectronic displays, smart cars, compound semiconductors, and new energy.
Show more...Investment focus
- Industry: Manufacturing, Semiconductor, Electronics
- Stage:Seed, Series A
- Geography: China, Belgium
Investor stats
- Total investments: 24
- Lead/follow: 21% lead, 79% follow
Portfolio highlights
- Presheng — Presheng New Materials is a high-end semiconductor polishing solution provider. The company has extensive technical knowledge of high-end abrasives. Prisheng focuses on the research and development of high-end alumina polishing fluids, polishing abrasives, and other goods. Provider of cost-effective local solutions for third-generation compoundsemiconductor polishing.
- Xinyuan New Materials — Xinyuan New Materials is a technology company with high thermal conductivity packaging interconnect materials as its core. The company focuses on the research and development, production, sales and technical services of semiconductor heat dissipation packaging materials represented by nanometal products, and provides high heat dissipation and highreliability solutions for power semiconductor packaging and advanced integrated circuit packaging.
- ChangXin Memory Technologies — ChangXin Memory Technologies specializes in manufacturing dynamic random-access memory (DRAM) semiconductor products.
Terra Drone Indonesia provides drone services for various industry sector such as mining, construction, oil & gas, energy, and utilities.
Show more...Investment focus
- Industry: Robotics, Aerospace, Drone Management
- Stage:Series A, Series B
- Geography: Belgium, Ukraine
Investor stats
- Total investments: 4
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Unifly — Unifly - Enabling autonomous aviation
- Amazing Drones — Amazing Drones develops and manufactures FPV drones, interceptor drones, and rocket-type unmanned systems for military and defense use. The company designs and produces HUMMEL series quadcopters of various sizes for bomber, kamikaze, and reconnaissance missions, as well as SkyRider rocket drones with onboard computing for guidance. Amazing Dronesalso supplies accessories, customization options, and testing for its UAVs and shares technical guidance and analysis about drone warfare and counter‑UAV technologies.
Foundational partners to ambitious founders at every stage of company-building.
Show more...Investment focus
- Industry: Software, Health Care, Biotechnology
- Stage:Series A, Series B, Series C
- Geography: United States, India, United Kingdom
Investor stats
- Total investments: 1525
- Round size: Series A $5.3M–$60M; Series B $10M–$80M; Series C $13M–$103M
- Lead/follow: 40% lead, 60% follow
- Last fund: Likely still investing — raised $2.8B in 2022
Portfolio highlights
- AviadoBio — AviadoBio mission is to transform the lives of people living with neurodegenerative disorders by developing and delivering transformative gene therapies for diseases including frontotemporal dementia (FTD) and amyotrophic lateral sclerosis (ALS). The Company’s technology is based on pioneering research from King’s College London and the UK DementiaResearch Institute.
- Tarveda Therapeutics — Developing Pentarins to make a difference in the treatment of patients with solid tumor malignancies
- InfoGear Technology — InfoGear produces software and ASICs for the low-cost Internet Appliance market. The initial product, iPHONE, is a smart telephone with a touch screen for simple access to on-line services and the Internet/Intranet. The company was founded in 1995 and is based in Redwood City, California.
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Browse database — It's Free!Chemical, Advanced Materials, Cosmetics, Recycling, CleanTech, Plastics and Rubber Manufacturing, Nanotechnology, Biosciences
Show more...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.
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.
Show more...Investment focus
- Industry: Biotechnology, Renewable Energy, Information Technology
- Stage:Series B, Series A
- Geography: Belgium, The Netherlands, Germany
Investor stats
- Total investments: 43
- Round size: Series A $3.9M–$110M; Series B $6.4M–$41M
- Lead/follow: 47% lead, 53% follow
Portfolio highlights
- Greenely — Greenely is the electricity company that optimizes your electricity use using smart technology in an app. We help you take control of your consumption.
- 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.
- Commit Biologics — Add a description for facebook
IAG Capital Partners is an investment firm that sole source of financing and investment rounds with other debt and equity investors.
Show more...Investment focus
- Industry: Software, Health Care, Artificial Intelligence
- Stage:Series B, Series A, Seed
- Geography: United States, Germany, Ireland
Investor stats
- Total investments: 69
- Round size: Seed $1.1M–$26M; Series A $4M–$37M; Series B $6M–$100M
- Lead/follow: 39% lead, 61% follow
Portfolio highlights
- proteanTecs — proteanTecs' platform applies machine learning & analytics to data from chip-embedded Agents providing insights & predictions on performance and reliability.
- Trener Robotics — Trener Robotics develops AI software that enables industrial robots to operate autonomously, adapt to variability, and deploy faster in manufacturing.
- Cornelis Networks — Welcome to the future of high performance fabrics. We build high performance fabrics for HPC, HPDA, and AI in various industries. Learn more here.
Basic and applied research fund of the Flemish regional government in Belgium
Show more...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.
TheClubDeal is an investment holding and fund manager co-investing into SME’s and real estate projects. It provides facilitation of governance between non-executive shareholders and entrepreneurs. Its governance structure, including its charter of avoidance of conflict of interests, is therefore paramount to the adequate management of the Company.At TheClubDeal, we connect Investors and Entrepreneurs around promising investment opportunities. For each of these, we will invest ourselves and co-invest with a selected number of investors. We add value by processing strong applied governance principles, when selecting and managing our investments, and by gathering the necessary skills to successfully grow the businesses and real-estate projects we co-invest in. TheClubDeal is launching their second fund, a 50M € PRIVAK/PRICAF in H1 2021 with the mandate to invest in Belgian scale-ups in three sectors: Smart Living, Tech and Life Sciences.
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- Industry: Health Care, Biotechnology, Information Technology
- Stage:Series A, Series B, Seed
- Geography: Belgium, France
Investor stats
- Total investments: 17
- Round size: Series A $2.2M–$7.7M; Series B $12M–$18M
- Lead/follow: 24% lead, 76% follow
Portfolio highlights
- Vaxinano — Vaxinano is a biotechnology company specialized in preclinical and pharmaceutical development of human and veterinary vaccines and drug delivery systems. Vaxinano was created in 2016, building on 25 years of research and clinical trials on vaccines and the patented technology of Pr Didier Betbeder.
- Inpulse — Inpulse is an automated supply management platform for restaurateurs.
- Clouds of care — Increasing your probability of success through the adoption of meaningful endpoints, starting from electrophysiology.
Noshaq offers financial services to help businesses develop.
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- Industry: Health Care, Biotechnology, Medical
- Stage:Seed, Series A
- Geography: Belgium, France, Germany
Investor stats
- Total investments: 54
- Lead/follow: no public data
Portfolio highlights
- Axithra — Saving lives and improving health economics through significant advancement of therapeutic drug monitoring (TDM).
- RISORCE — RISORCE fills a need in Belgium for local solutions for processing tire waste while remaining dedicated to a circular economy strategy. We provide a regionally-based, technologically and environmentally sound solution.
- 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).
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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- Industry: Software, E-Commerce, Financial Services
- Stage:Series A, Seed, Series B
- Geography: United States, France, Germany
Investor stats
- Total investments: 437
- Lead/follow: no public data
Portfolio highlights
- scnd — The marketplace solution to sell services online. Start selling services directly or through a marketplace with third party providers and scale infinitely.
- Nomad Homes — Nomad Homes provides concierge real estate hunting services and technology to match the specific needs of buyers in Dubai with their dream home.
- Second — The marketplace solution to sell services online. Start selling services directly or through a marketplace with third party providers and scale infinitely.
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.
Show more...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.
New Economy Startups Investor & Accelerator
Show more...Investment focus
- Industry: Software, Music, Internet
- Stage:Seed, Series A
- Geography: Belgium, France, United States
Investor stats
- Total investments: 40
- Lead/follow: no public data
Portfolio highlights
- LinkByCar — Revolutionize fleet operations with LinkByCar. From real-time tracking to predictive maintenance, our advanced telematics solutions save time and reduce costs.
- Bridge.audio — Bridge is for everyone working with music and audio. We provide private workspaces to manage, share, and connect better.
- Base for music — Base for Music is the marketing solution specialized in fan acquisition, enabling you to achieve your growth goals and providing you with transparent data to measure your return on investment.
Quest for Growth (QGPLF) is an Internet company located in 19 Lei, Leuven, Flanders, Belgium.
Show more...Investment focus
- Industry: Biotechnology, Hardware, Software
- Stage:Series B, Series C
- Geography: Belgium, France, The Netherlands
Investor stats
- Total investments: 24
- Lead/follow: no public data
Portfolio highlights
- Qpinch — Our patented QHT - Qpinch Heat Transformer - technology recovers and transforms waste heat into carbon neutral process heat.
- Finquest — Tap into the largest private company database in the world to change the way you find and connect with M&A targets using Data, AI, & People.
- Confo Therapeutics — Confo Therapeutics is a drug discovery company building internal drug discovery programs on GPCRs addressing unmet medical need. Confo Therapeutics employs its proprietary CONFO® technology to lock inherent unstable functional conformations of GPCRs as a superior starting point for drug discovery. CONFO® body-stabilized active state conformationsof these receptors disclose previously inaccessible structural features empowering the discovery of novel agonists for better therapeutic intervention.
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Browse database — It's Free!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.
Show more...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.
Regional Investment Company of Brussels
Show more...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.
Akiles is a Belgian Evergreen Investment Company focussing on Growth Capital. Managed by Christophe Rousseaux, Kurt Huyghe, Laurent Puissant Baeyens and
Show more...Investment focus
- Industry: Health Care, Software, Wellness
- Stage:Private Equity, Series A
- Geography: Belgium, France, Luxembourg
Investor stats
- Total investments: 9
- Round size: Series A $1.6M–$4.9M
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- HYPNO VR — HypnoVR is a virtual reality software for anesthesia, treatment of pain, and anxiety. It was founded in 2016 and is based in Strasbourg, France.
- moonbird — Slow breathing is the easiest way to relieve stress and promote relaxation. Moonbird and moonbuddy make it intuitive and easy to practice slow breathing exercises.
- Saturne Technology — Saturne Technology is specialized in laser-cutting, laser-drilling, laser-welding and laser-cladding, using a manufacturing process by Selective Laser Melting (SLM) (i.e. metallic 3D-printing using fine metallic-powder bed).
Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception.With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financingrounds.Their companies are based in Europe allowing easy interaction with management.They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Medical
- Stage:Series A, Series B, Series C
- Geography: Belgium, Germany, France
Investor stats
- Total investments: 59
- Round size: Series A $3.8M–$20M; Series B $4.4M–$27M; Series C $6.9M–$100M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- Caresyntax — Caresyntax is the only enterprise-scale surgical data solution you need to make surgery smarter, safer, and more profitable.
- ENYO Pharma — ENYO Pharma is a biopharmaceutical company incorporated in Jan, 2014, by four scientists of the Infectiology Research Center in Lyon, France, and three seeding partners (2 privates and 1 public).The company is based in the Infectiology Center of Lyonbiopôle in Lyon, France and maintains tight collaborations with the seminal Inserm team and theBSL4 laboratory Inserm-Jean Mérieux.ENYO Pharma has licensed several Inserm patents issued from the discoveries of the founding scientists and developed a unique platform for the identification of intracellular therapeutic targets and molecules.The company is developing treatments against the most important viruses and is thriving to become a global leader in anti-virals. Research and Development is currently focused on human infecting viruses, with the first two programs being dedicated to the treatment of severe and seasonal flu and chronic hepatitis B. The company plans to conduct its molecules to Phase II clinical trials.
- Inflammatix — Inflammatix develops rapid point of care diagnostic tests by reading the immune system, and resolves major clinical health challenges.
Vives is an interregional seed and early stage technology multi-sector fund. The new fund, initiated by UCLouvain, is a unique European inter-university fund having access to world class innovations from leading EU top universities.
Show more...Investment focus
- Industry: Health Care, Biotechnology, Medical
- Stage:Series A, Series B
- Geography: Belgium, France, United States
Investor stats
- Total investments: 25
- Round size: Series A $491k–$46M; Series B $4.4M–$125M
- Lead/follow: 4% lead, 96% follow
- Last fund: May invest from a new fund soon — raised $37M in 2020
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.
- 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.
- Syndesi Therapeutics — Science that Builds Connections
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.
Show more...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
Olivier Coune
Show more...Investment focus
- Industry: Outdoors, Software, Lifestyle
- Stage:Seed
- Geography: Belgium
Investor stats
- Total investments: 3
- Round size: Seed $395k–$878k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Fishtripr — Fishtripr is on a mission to bring more people to the outdoors, fostering a deeper connection with nature. We want to change the story of recreational fishing through purveying the market's essential storytellers, brands, destinations, and resources, displayed in a way that magnifies the beauty of this extraordinary lifestyle and modernise itsperception. With Fishtripr, now you can easily discover the best fishing experiences worldwide. From private fisheries to guides and lodges, we're the most comprehensive guide to travel fishing in Europe. Connect local fishing guides with anglers online is an entirely new way to experience recreational fishing and Fishtripr is at the forefront of the movement.
- Big Bad Wolf — Big Bad Wolf is a brand-tech agency employing 30 digital experts. We help innovative businesses shape the future of their brand experience through digital transformation of their services, products and communication. We see Virtual Reality, Augmented Reality, Computer Vision, Machine Learning and Natural Interfaces as new opportunities to redesignand improve business-to-consumers interactions.We believe in a future where customer to brands relationships are redefined by the value they will create for each other through a meaningful use of technology.With more than 10 years of cutting-edge audiovisual know-how and emerging media expertise, we leverage on 3D digital content and spatial computing to help organizations release their full potential.
Startup Enabler & Angel Investor. In 2011 I co-founded Cardwise that later became Xpenditure NV an innovative product for managing expenses. Which was acquired by Sodexo Group (EURONEXT:SDXOF) in March 2017 after a very succesfull growth phase with more then 6000 customers globally (eg. Deloitte, Henkel, PWC,....) Reinvested partly in the newventure with Sodexo & iAlbatros. We launched this new corp-up venture in June 2018 under the name of RYDOO and I'm acting COO and board member.. Next to that I'm also investing in promising early stage startups with Tumbzup bvba.In the early 90ies I've been involved in commercialisation of the first Internet solutions. My passion has always been making new innovative products marketable towards B2B markets. I've pioneered in the internet sector and have been involved in the launch of Europe's first Internet service providers PING (Eunet) and Yucom (JV BT & ING), now both part of Belgacom (BELG:BB).Later, I became Chief Commercial Officer at SpaceChecker and after the acquisition by Punch Telematix, I became Country Manager. Punch Telematix is now owned by Trimble (NASDAQ: TRMB). In 2007, I joined Massive Media (publishers of Netlog & TWOO), a leading European on-line community that has recently been acquired by IACI (NASDAQ:IACI). As Director of Business Development, I successfully set-up the complete business development strategy and team from scratch.
Show more...Investment focus
- Industry: Software, SaaS, FinTech
- Stage:Seed, Pre-Seed
- Geography: Belgium, United Kingdom, Italy
Investor stats
- Total investments: 16
- Round size: Seed $445k–$4.8M; Pre-Seed $130k–$1.6M
- Lead/follow: 56% lead, 44% follow
Portfolio highlights
- RiftPay — Banking and finance done with others. Introducing a social banking, finance, and mobile payment platform. The financial industry is designed to cater to the individual. RiftPay puts groups first, making us truly unique.
- Oper — Oper is the mortgage platform that helps lenders and brokers digitise and streamline their mortgage distribution.
- Hotel Manager — Hotel Manager is the platform for delivering modern experiences to guests, wherever they are. Launch and build your hotel app in no time and manage your growth easily. All in one platform with zero technical knowledge required.
The official website of the European Commission, providing access to information about its political priorities, policies and services
Show more...Investment focus
- Industry: Software, Health Care, Biotechnology
- Stage:Grant, Seed, Pre-Seed
- Geography: France, Spain, United Kingdom
Investor stats
- Total investments: 210
- Round size: Seed $55k–$10M; Grant $117k–$36M; Pre-Seed $55k–$1.7M
- Lead/follow: 70% lead, 30% follow
- Last fund: May invest from a new fund soon — last raise in 2014
Portfolio highlights
- AFYREN — AFYREN develop innovation in biotechnologies for the valorization of non-food biomass and in respect of the environment.
- Naturbeads — Naturbeads creates biodegradable, sustainable and cost competitive cellulose microbeads to replace currently used microplastics.
- USIL Therapeutics — USIL Therapeutics is a biotechnology company focused on radiological preparedness. They develop dual-use medical countermeasures designed to protect populations and mission-critical personnel from ionizing radiation in defense, civilian, and space environments.
VCT Vector Gestion is a wealth management company that offers financial services.
Show more...Investment focus
- Industry: Computer, Electronics, Manufacturing
- Stage:Seed
- Geography: Belgium
Investor stats
- Total investments: 2
- Round size: Seed $21M–$43M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
Hardware Investor funding in Belgium at a glance
Stats across 24 deals from 46 investors.
Access all 46 investors in Belgium Hardware startups.
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