Top 50 Hardware Startup Investors in Belgium (October 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
PMV
VC Fund
|
19 | Belgium, United States, The Netherlands | Seed, Series A, Series B | Software, Biotechnology, Health Care | $1M–$43M |
|
Qbic Fund
VC Fund
|
14 | Belgium, France, The Netherlands | Seed, Series A, Venture - Series Unknown | Biotechnology, Software, Health Care | $1.4M–$34M |
|
imec.xpand
VC Fund
|
12 | Belgium, United States, Germany | Seed, Series A, Series B | Semiconductor, Manufacturing, Medical Device | $3.3M–$100M |
|
Limburgse Reconversie Maatschappij
VC Fund
|
10 | Belgium, The Netherlands, United States | Seed, Venture - Series Unknown | Information Technology, Software, Biotechnology | $658k–$11M |
|
The Faktory Fund
VC Fund
|
8 | Belgium, France, United States | Seed, Venture - Series Unknown, Pre-Seed | Software, Analytics, Information Technology | $700k–$22M |
|
Capricorn Partners
VC Fund
|
7 | Belgium, The Netherlands, United States | Series A, Series B | Biotechnology, Health Care, Software | $3.3M–$45M |
|
WING by Digital Wallonia
VC Fund
|
7 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, SaaS | $61k–$12M |
|
KBC Focus Fund
VC Fund
|
6 | Belgium, The Netherlands, France | Seed, Series A, Venture - Series Unknown | Semiconductor, Manufacturing, Electronics | $1.2M–$22M |
|
Lorenz Bogaert
Angel
|
6 | Belgium, United Kingdom, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS | $120k–$5.7M |
|
Toon Coppens
Angel
|
6 | Belgium, United States | Seed, Pre-Seed, Angel | SaaS, Software, Machine Learning | $407k–$2.2M |
|
Gemma Frisius Fund
VC Fund
|
5 | Belgium, France, United Kingdom | Seed, Series A, Series B | Biotechnology, Medical, Software | $500k–$84M |
|
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
|
4 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Software | $160k–$3.2M |
|
SFPIM
VC Fund
|
4 | Belgium, France, Switzerland | Series A, Venture - Series Unknown | Biotechnology, Health Care, Semiconductor | $8.6M–$251M |
|
Allegro Investment Fund
VC Fund
|
4 | Belgium, United States, The Netherlands | Series A, Series B | Software, Hardware, Health Care | $1.9M–$19M |
|
Finance.Brussels
VC Fund
|
4 | Belgium, France | Seed, Series A, Venture - Series Unknown | Software, Information Technology, SaaS | $1.5M–$16M |
|
Crédit Mutuel Innovation
VC Fund
|
4 | France, United States, Belgium | Series A, Venture - Series Unknown | Software, Health Care, Biotechnology | $1.9M–$26M |
|
Saffelberg Investments
VC Fund
|
4 | Belgium, Australia, United States | Series A, Private Equity, Seed | Information Technology, Software, SaaS | $1.2M–$40M |
|
Quest for Growth
VC Fund
|
3 | Belgium, France, The Netherlands | Series B, Series C | Biotechnology, Hardware, Software | $510k–$65M |
|
Big Bang Ventures
VC Fund
|
3 | Belgium, The Netherlands, United States | Series A, Series B | Software, Cloud Computing, Apps | $1M–$9M |
|
WE International
VC Fund
|
3 | Belgium, United States, France | Seed, Series A, Venture - Series Unknown | Health Care, Energy, Biotechnology | $2.2M–$251M |
|
Lean FUND
VC Fund
|
3 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software | $70k–$470k |
|
invest.bw
VC Fund
|
3 | Belgium, United States | Seed, Pre-Seed, Series A | Biotechnology, Electronics, Health Care | $2.9M–$43M |
|
Jonas Dhaenens
Angel
|
3 | Belgium, Denmark | Seed, Angel, Pre-Seed | Software, SaaS, Finance | $277k–$4.5M |
|
Force Over Mass Capital
VC Fund
|
3 | United Kingdom, United States, Germany | Seed, Series A, Pre-Seed | Software, Information Technology, Artificial Intelligence | $100k–$18M |
|
Fidimec
VC Fund
|
3 | Belgium | Seed, Series A | Industrial, Semiconductor, Medical | $2.3M–$7.3M |
|
Be Angels
VC Fund
|
3 | Belgium, France, Luxembourg | Seed, Pre-Seed, Venture - Series Unknown | SaaS, Software, Information Technology | $78k–$1.5M |
|
Flanders Future Techfund
VC Fund
|
3 | Belgium, The Netherlands | Seed, Series A, Venture - Series Unknown | Medical, Biotechnology, Clinical Trials | $2.7M–$30M |
|
Angelwise
VC Fund
|
3 | Belgium, The Netherlands | Seed, Pre-Seed | Software, SaaS, Information Technology | $873k–$2.9M |
|
Capital-E
VC Fund
|
3 | Belgium, Germany, United States | Series B, Series A | Software, Manufacturing, Hardware | $3.4M–$26M |
|
Volta Ventures
VC Fund
|
3 | Belgium, The Netherlands, United States | Seed, Series A, Pre-Seed | Software, Information Technology, SaaS | $850k–$8.8M |
|
Baekeland Funds
VC Fund
|
3 | Belgium | Series B, Series C | Biotechnology, Hardware, Software | |
|
XAnge
VC Fund
|
2 | France, Germany, Belgium | Series A, Seed, Series B | Software, SaaS, E-Commerce | $1.1M–$68M |
|
IAG Capital Partners
VC Fund
|
2 | United States, Canada, Germany | Series A, Series B, Seed | Software, Health Care, Artificial Intelligence | $1.1M–$100M |
|
Terra Drone
VC Fund
|
2 | Belgium, Ukraine, United States | Corporate Round, Series A, Series B | Robotics, Drones, Aerospace | $11M–$19M |
|
Partech
VC Fund
|
2 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services | |
|
Vives Louvain Technology Fund
VC Fund
|
2 | Belgium, France, United States | Series A, Series B, Seed | Health Care, Biotechnology, Medical | $156k–$125M |
|
Debiopharm Innovation Fund
VC Fund
|
2 | United States, Switzerland, France | Series A, Seed, Pre-Seed | Health Care, Biotechnology, Software | $317k–$25M |
|
Akiles
VC Fund
|
2 | Belgium, France, Luxembourg | Venture - Series Unknown, Private Equity, Series A | Health Care, Internet, Software | $1.1M–$5.1M |
|
Gimv
VC Fund
|
2 | Belgium, United States, France | Series B, Series A, Private Equity | Biotechnology, Health Care, Medical | $3.3M–$82M |
|
KPN Ventures
VC Fund
|
2 | The Netherlands, United States, Belgium | Series A, Series B, Series C | Software, Internet of Things, Information Technology | $2.3M–$180M |
|
S.R.I.W.
VC Fund
|
2 | Belgium, United States, Spain | Venture - Series Unknown, Series A | Health Care, Biotechnology, Manufacturing | $422k–$32M |
|
Sambrinvest
VC Fund
|
2 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Medical | $544k–$49M |
|
European Commission
VC Fund
|
2 | France, Spain, Germany | Grant, Seed, Pre-Seed | Software, Biotechnology, Artificial Intelligence | $55k–$51M |
|
BAN Vlaanderen
VC Fund
|
2 | Belgium | Seed, Series A | Health Care, Medical, Apps | $263k–$1.9M |
|
Vesalius Biocapital Partners
VC Fund
|
2 | Belgium, Germany, The Netherlands | Series A, Series B, Series C | Biotechnology, Health Care, Medical | $3.9M–$100M |
|
Bloc Ventures
VC Fund
|
2 | United Kingdom, Israel, Belgium | Seed, Series A, Series B | Software, Internet of Things, Financial Services | $653k–$27M |
|
Innovation Fund
VC Fund
|
2 | Belgium, France, Luxembourg | Seed, Venture - Series Unknown, Series A | Health Care, Manufacturing, Chemical | $318k–$8.8M |
|
b2venture
VC Fund
|
2 | Germany, Switzerland, United Kingdom | Series A, Seed, Series B | Software, Health Care, Information Technology | $1.2M–$52M |
|
European Union
VC Fund
|
2 | Germany, United Kingdom, United States | Grant, Seed, Pre-Seed | Software, Information Technology, Health Care | $21k–$28M |
|
Korys
VC Fund
|
2 | Belgium, The Netherlands, Germany | Series B, Series A, Venture - Series Unknown | Biotechnology, Renewable Energy, Software | $4.4M–$50M |
| Access all 291 investors in Belgium Hardware startups. | |||||
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Do and dare company
Show more...Investment focus
- Industry: Software, Biotechnology, Health Care
- Stage:Seed, Series A, Series B
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 161
- Round size: Seed $1M–$4.1M; Series A $3M–$40M; Series B $6.6M–$43M
- Lead/follow: 22% lead, 78% follow
Portfolio highlights
- Logibot — Logibot is a European, software-first, hardware-agnostic AI platform that enables logistics and industrial operators to simulate, deploy, and operate human-like robotic labor inside existing intralogistics facilities, without vendor lock-in and without rebuilding the warehouse. Most warehouse automation projects fail because they assume greenfield sites or commit operators to one robot vendor. Logibot takes a different approach. Operators start with Logibot.Data to quantify manual work and score automation feasibility. Logibot.Simulate runs split tests on multiple robot configurations in digital simulation, before any hardware decision is made. Logibot.Train prepares a general vision-language model for specific logistics tasks in five stages. Logibot.Control stages the introduction of robotic labor into live operations. Logibot.Watch provides real-time monitoring, teleoperation, and continuous improvement. Logibot serves 3PLs, CEP operators, postal operators, and industrial logistics teams. Headquartered in Belgium, operating across the EU. NVIDIA Inception member. Beam Berlin portfolio company.
- Borro — Cashless deposit system
- SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
The Qbic Fund is a multi-sector fund supporting spin-off companies of the Ghent, Brussels and Antwerp university associations and of VITO. Through its strategic partnership with the universities of Ghent, Brussels and Antwerp, and VITO, the Qbic Fund has early and privileged access to promising research projects at these partner universities. Our investment approach is based on early in-depth and independent review and analysis followed by hands on involvement and support. In May 2012 the Qbic Fund held its first close and currently it has over € 30 million under management. The Qbic Fund is backed by several public and private investors and managed by Qbic Venture Partners.
Show more...Investment focus
- Industry: Biotechnology, Software, Health Care
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Belgium, France, The Netherlands
Investor stats
- Total investments: 62
- Round size: Seed $1.4M–$7.4M; Series A $1.6M–$34M; Venture - Series Unknown $2.2M–$9.4M
- Lead/follow: 31% lead, 69% follow
- Last fund: Likely still investing — raised $54M in 2022
Portfolio highlights
- Firecell — Firecell is a Telecommunications Industry.
- Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
- Sightera Biosciences — Patient-derived organoids of treatment-resistant disease, robotic screening at scale and AI-guided molecular design in one closed loop.
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: 56
- Round size: Seed $3.3M–$21M; Series A $9.1M–$72M; Series B $12M–$100M
- Lead/follow: 48% lead, 52% follow
- Last fund: Likely still investing — raised $322M in 2024
Portfolio highlights
- SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
- Euclyd — Euclyd develops AI infrastructure designed to make advanced AI computing more efficient and scalable. Its platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to address power, memory, and infrastructure constraints. Its products include craftwerk, an agentic AI silicon platform, and CWS 32, an AIcomputing system focused on low-power exascale performance. Euclyd also develops silicon architecture, systems, firmware, compilers, and runtime software for AI infrastructure.
- NEURA Robotics — Cognitive Robotics for Real-World Applications: NEURA Robotics enables safe and smart robot integration for Industry, Work and Everyday Life
Oxygen for growth - LRM
Show more...Investment focus
- Industry: Information Technology, Software, Biotechnology
- Stage:Seed, Venture - Series Unknown
- Geography: Belgium, The Netherlands, United States
Investor stats
- Total investments: 98
- Round size: Seed $658k–$5.2M; Venture - Series Unknown $1.4M–$11M
- Lead/follow: 12% lead, 88% follow
Portfolio highlights
- Monsana — Monsana's AI-powered platform empowers both patients and healthcare professionals in their search for the perfect clinical trial. Each eligibility criterion is validated based on your unstructured textual medical records, allowing highly accurate matching with experimental treatments.
- ADLC — ADLC employs drone technology to deliver logistics services, allowing businesses to implement drone-based solutions without having to manage them in-house. The company is focused on enhancing last-mile delivery in maritime and offshore environments. ADLC now conducts drone delivery services in the Port of Antwerp in collaboration with SGS, atesting and certification company, and works with companies such as BASF. Its drones have reduced delivery times and environmental effect, boosting efficiency sixfold and lowering CO2 emissions by up to 80% for petrochemical sample deliveries.
- Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
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, Venture - Series Unknown, Pre-Seed
- Geography: Belgium, France, United States
Investor stats
- Total investments: 24
- Round size: Seed $700k–$4.2M; Venture - Series Unknown $2.1M–$22M
- Lead/follow: 8% lead, 92% follow
Portfolio highlights
- IVEX — IVEX offers repeatable and scalable testing and validation data analytics solutions for ADAS/AD vehicles.
- e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
- xyzt.ai — xyzt.ai is a SaaS platform for ANALYTICS, REPORTING and VISUALIZATION of big location data in the Maritime & Ports, Smart City and Logistics industries. EASY & EFFORTLESS
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 A, Series B
- Geography: Belgium, The Netherlands, United States
Investor stats
- Total investments: 122
- Round size: Series A $3.3M–$18M; Series B $5.3M–$45M
- Lead/follow: 32% lead, 68% follow
- Last fund: Likely actively investing — fresh fund, raised $53M in 2025
Portfolio highlights
- HighLife — HighLife is driven by a mission to deliver innovative treatment options to patients suffering from heart valve diseases.
- Endo Tools Therapeutics — Endo Tools Therapeutics is dedicated to the development of innovative devices that provide therapeutic interventions for gastric conditions
- Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
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: 37
- Round size: Seed $377k–$1.9M; Series A $1.1M–$12M; Convertible Note $61k–$570k
- Lead/follow: 30% lead, 70% follow
Portfolio highlights
- IONNYK — Discover IONNYK, the ePaper Digital Art Frame for art and personal photography, combining Electronic Paper (E Ink), patented technology and elegant home design.
- MYOCENE — Myocene is a Liège-based sports technology company which creates unique and innovative devices for measuring muscle fatigue and performance.
- Soil Capital Belgium — Discover Europe's first certified, multi-national carbon farming programme that rewards regenerative agriculture.
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: Semiconductor, Manufacturing, Electronics
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Belgium, The Netherlands, France
Investor stats
- Total investments: 27
- Round size: Seed $1.2M–$14M; Series A $2.9M–$17M; Venture - Series Unknown $1.5M–$22M
- Lead/follow: 26% lead, 74% follow
Portfolio highlights
- e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
- Ubitium — Ubiquitous computing, universal RISC-V microprocessor
- CoolSem Technologies — CoolSem Technologies, based in Eindhoven, the Netherlands, was founded in 2025. The startup develops innovative wafer-level thermal management technologies that reduce thermal resistance and minimize mechanical stress in advanced semiconductor and photonic devices. With its WaLTIS multilayer stack, CoolSem replaces conventional substrates with aspecially designed layer structure that optimizes heat flow, stability and reliability.
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: 66
- Round size: Seed $445k–$4.2M; Pre-Seed $120k–$1.7M; Series A $3.8M–$5.7M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- LineWise — Linewise captures how physical things are made, from the first design to the final assembly, and turns it into training data for frontier AI and robotics models.
- Feedelity — The #1 feedback management platform. Centralize guest feedback from Google, Tripadvisor, social media, email, Uber Eats, Deliveroo and more, and see what your guests really think.
- Maurice & Nora — Maurice & Nora regelt vertrouwde hulp aan huis door zorgvuldig gescreende studenten. Van boodschappen en kinderopvang tot begeleiding, tuinhulp en gezelschap.
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 successful digital 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, Machine Learning
- Stage:Seed, Pre-Seed, Angel
- Geography: Belgium, United States
Investor stats
- Total investments: 18
- Round size: Seed $407k–$2.2M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Peliqan.io —
- 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.
- Maurice & Nora — Maurice & Nora regelt vertrouwde hulp aan huis door zorgvuldig gescreende studenten. Van boodschappen en kinderopvang tot begeleiding, tuinhulp en gezelschap.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
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, Medical, Software
- Stage:Seed, Series A, Series B
- Geography: Belgium, France, United Kingdom
Investor stats
- Total investments: 41
- Round size: Seed $500k–$4.7M; Series A $1.1M–$84M; Series B $4.7M–$24M
- Lead/follow: 12% lead, 88% follow
Portfolio highlights
- Runeasi — The first scientifically validated wearable solution to measure impact while running and detect how your body responds to it - Perform real-time biomechanical assessments - Guide your athletes and patients with actionable insights to help them run more efficiently and recover from injuries with confidence
- Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
- Aspect Analytics — Aspect Analytics offers consultancy services, home-grown software, development of workflows, and customization of software.
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 $285k–$3.2M; Pre-Seed $160k–$2.2M
- Lead/follow: 67% lead, 33% follow
Portfolio highlights
- WeHave — Enter the cookieless era of advertising with WeHave's first-party data collaboration. Leverage external data in a gdpr compliant way.
- Summ.link — Summ.link works to transform enterprises by enhancing the employee experience through strategy and strong insights based on trustworthy data, which leads to improvements in digital processes. By putting a strong emphasis on data intelligence and people analytics, it seeks to provide everyone in the organization with actionable information.Application development, big data, AI, cloud solutions, and other services are among their offerings.
- Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
SFPIM investment firm that invests in technology and infrastructure.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Semiconductor
- Stage:Series A, Venture - Series Unknown
- Geography: Belgium, France, Switzerland
Investor stats
- Total investments: 26
- Round size: Series A $8.6M–$57M; Venture - Series Unknown $11M–$251M
- Lead/follow: 31% lead, 69% follow
Portfolio highlights
- D-CRBN — D-CRBN recycles CO2 for industrials through our patented CCU plasma technology. We use plasma to convert CO2 emissions to useful chemical building blocks. Our plasma process splits CO2 molecules into their original building blocks to make e-fuels, chemicals, or polymers to ultimately achieve a circular and more sustainable economy. Battling global warming will be the toughest environmental challenge that our society has ever faced. We have set our objectives to help reduce CO2 emissions, reaching a carbon-neutral society by 2050. Launch your CO2 recycling initiative at your plant, go net-zero and join us to Sparc* the new industrial revolution.
- e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
- Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
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, Health Care
- Stage:Series A, Series B
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 11
- Round size: Series A $1.9M–$6.9M; Series B $10M–$19M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- 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.
- Sight Sciences — We aim to provide eyecare providers with transformative, clinically-proven therapies that are intuitive, less invasive, and more intelligent.
- 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.
Regional Investment Company of Brussels
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Belgium, France
Investor stats
- Total investments: 26
- Round size: Seed $1.5M–$5.4M; Series A $2.3M–$7M; Venture - Series Unknown $4.2M–$16M
- Lead/follow: 19% lead, 81% follow
Portfolio highlights
- AI-Blox — A modular & flexible hardware and software platform for edge AI applications.
- Otamiser — Otamiser Booster® is an automated solution that helps hoteliers and revenue managers secure bookings by improving a property's online presence on major OTAs such as Booking.com, Expedia, Trips.com, Kayak, Airbnb, and VRBO. It maximizes occupancy rates and revenue through optimizing 951 essential parameters, ensuring continuous optimization,full automation, seamless integration with CMS, PMS, and RMS systems, dedicated customer support, integrations with Cubilis and Hostaway, and a customized API for Revenue Management software.
- AILOS Robotics — AILOS Robotics offers advanced solutions in robotics and automation for various industries.
Crédit Mutuel Innovation is the evergreen venture capital entity of Crédit Mutuel Equity (€3.5 billion in capital). We invest €1-20M in life science, digital and deeptech companies from seed to growth stages. We help bold and ambitious entrepreneurs to develop their strong growth potential with our worldwide enterprise ecosystem (our 350+ portfolio companies, our abroad subsidiaries, 150+ largest global corporates and the best-in-class experts). Because it takes more than 5 years to build a Unicorn, we invest our own equity and ensure durable partnerships with visionary leaders. Today, the 350 companies in which we have invested generate a cumulative annual turnover of €50bn and create more than 250,000 jobs.
Show more...Investment focus
- Industry: Software, Health Care, Biotechnology
- Stage:Series A, Venture - Series Unknown
- Geography: France, United States, Belgium
Investor stats
- Total investments: 109
- Round size: Series A $3.4M–$26M; Venture - Series Unknown $1.9M–$24M
- Lead/follow: 39% lead, 61% follow
Portfolio highlights
- e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
- Ever Dye — A new standard for dyes. Naturally made, carbon emissions reducing, water protecting.
- Standing Ovation — Animal-free dairy cheese
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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- Industry: Information Technology, Software, SaaS
- Stage:Series A, Private Equity, Seed
- Geography: Belgium, Australia, United States
Investor stats
- Total investments: 22
- Round size: Seed $1.5M–$2.4M; Series A $2.3M–$5.7M; Private Equity $1.2M–$40M
- Lead/follow: 55% lead, 45% follow
Portfolio highlights
- Deminor Litigation Funding — Leading Litigation Funder | European Litigation Funders Association and Association of Litigation Funders member. Contact Deminor for more information.
- Iristick — Iristick smart glasses are the most balanced and lightweight on the market. A phone-tethered, comfortable hands-free solution for the deskless workforce.
- 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.
Quest for Growth (QGPLF) is an Internet company located in 19 Lei, Leuven, Flanders, Belgium.
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- Industry: Biotechnology, Hardware, Software
- Stage:Series B, Series C
- Geography: Belgium, France, The Netherlands
Investor stats
- Total investments: 25
- Round size: Series B $510k–$65M; Series C $8.1M–$24M
- Lead/follow: 4% lead, 96% follow
Portfolio highlights
- Qpinch — Our patented QHT - Qpinch Heat Transformer - technology recovers and transforms waste heat into carbon neutral process heat.
- Finquest — Finquest is the premier deal origination provider delivering personalized connections to its clients who seek M&A and direct investment opportunities in Europe, North America, and APAC.With a unique database, machine learning and a team of experts, Finquest provides targeted, curated and actionable connections, whilst maintaining completeconfidentiality throughout the process. With Finquest, clients can broaden their market access, creating a more efficient deal-making environment.Finquest is headquartered in Singapore and has offices in New York, London, Paris, Frankfurt, Luxembourg, Bangalore, and Hong Kong.
- Confo Therapeutics — Confo Therapeutics is a clinical-stage company committed to accelerating novel GPCR-directed medicines for metabolic & endocrine diseases.
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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- Industry: Software, Cloud Computing, Apps
- Stage:Series A, Series B
- Geography: Belgium, The Netherlands, United States
Investor stats
- Total investments: 19
- Round size: Series A $1M–$2.7M; Series B $6M–$9M
- Lead/follow: 47% lead, 53% follow
- Last fund: May invest from a new fund soon — raised $36M in 2005
Portfolio highlights
- Amplidata — From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum offers the most comprehensive and cost-efficient data management solutions.
- Clear2Pay — Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time providing their clients withbetter payment services that are faster, with richer payments related information.Clear2Pay's solutions within the Service- Oriented Architecture (SOA) based Open Payment Framework offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment.
- Racktivity — Racktivity, an innovator in next-generation power, energy and environmental management solutions offers the industry's only integrated hardware and software for critical infrastructures.The DCPM suite, a Service Provider Infrastructure & Data Center Performance Management System, measures, monitors and manages power across distributeddata centres and gives customers full visibility and control of their energy consumption while integrating seamlessly with other applications and PDU appliances.Racktivity's EnergySwitch family of smart Power Distribution Units (PDUs), and sensors equips infrastructures with the most advanced metering, switching and predictive analysis capabilities available on the market today.
WE International is a financial firm that provides an array of loans, funding, acquisition, and investment services.
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- Industry: Health Care, Energy, Biotechnology
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Belgium, United States, France
Investor stats
- Total investments: 25
- Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
- Lead/follow: 24% lead, 76% follow
Portfolio highlights
- Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
- e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
- Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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Browse database — It's Free!Startups, increase your value by 3 within 9 months thanks to Power 3 by Leanfund (www.leanfund.com)!
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- Industry: Internet, Apps, Software
- Stage:Seed, Series B
- Geography: Belgium, United States, France
Investor stats
- Total investments: 12
- Round size: Seed $70k–$470k
- Lead/follow: 83% lead, 17% follow
Portfolio highlights
- Neveo — With one click, send photos and messages on a family newspaper that your senior will receive every month.
- Supersec — Good to eat, good to think: discover the Supersec organic, healthy, artisanal and sustainable food treats available in bulk delivery!
- Sortlist — Discover the most relevant agencies for your project based on your own specific requirements.
invest.bw is a venture capital firm.
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- Industry: Biotechnology, Electronics, Health Care
- Stage:Seed, Pre-Seed, Series A
- Geography: Belgium, United States
Investor stats
- Total investments: 10
- Round size: Seed $2.9M–$43M
- Lead/follow: 10% lead, 90% follow
Portfolio highlights
- e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
- neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
- Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
Jonas Dhaenens
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- Industry: Software, SaaS, Finance
- Stage:Seed, Angel, Pre-Seed
- Geography: Belgium, Denmark
Investor stats
- Total investments: 10
- Round size: Seed $445k–$4.5M; Angel $277k–$2.9M
- Lead/follow: 20% lead, 80% follow
Portfolio highlights
- Leadcamp — Leadcamp offers software solutions for email tracking, lead scoring, pipeline management, sales analytics and automation.
- Spotable — Spotable is an AI-driven software platform built for contractors in the exterior renovation sector, specifically targeting roofing, facade, and industrial surface projects.
- 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.
Force Over Mass Capital is an FCA regulated venture capital firm focused on early stage technology investments across UK and Europe. We invest in B2B innovation across four verticals, i.e. Fintech, Artificial Intelligence, SaaS and Industry 4.0. FOM cap operates both seed and scale-up funds to support early stage businesses through their growth journey.
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- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Seed, Series A, Pre-Seed
- Geography: United Kingdom, United States, Germany
Investor stats
- Total investments: 202
- Round size: Seed $420k–$4.8M; Pre-Seed $100k–$2.4M; Series A $3.3M–$18M
- Lead/follow: 23% lead, 77% follow
- Last fund: May invest from a new fund soon — raised $131M in 2020
Portfolio highlights
- Finovox — Finovox provides a solution for detecting false documents. They offer investigative tools to analyze, understand, and explain fraud. Additionally, they provide users with hard evidence of fraud.
- Artificial Labs — Artificial is the power between brokers and insurers in the specialty market. Underwriting technology and placement tools to move risk faster, with less in the way.
- Stoa Corporation — Save with Stoa and unlock premium perks upfront. Build better saving habits, protect your deposit, and enjoy real rewards with your Saving Score.
Fidimec is a Belgium-based venture capital firm that offers investment and incubation services for seed stage startups.
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- Industry: Industrial, Semiconductor, Medical
- Stage:Seed, Series A
- Geography: Belgium
Investor stats
- Total investments: 7
- Round size: Seed $2.7M–$4.9M; Series A $2.3M–$7.3M
- 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,
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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- Industry: SaaS, Software, Information Technology
- Stage:Seed, Pre-Seed, Venture - Series Unknown
- Geography: Belgium, France, Luxembourg
Investor stats
- Total investments: 25
- Round size: Seed $251k–$1.5M; Pre-Seed $78k–$571k
- Lead/follow: 36% lead, 64% follow
Portfolio highlights
- ChainComply — ChainComply provides enhanced KYT due diligence solutions for banks and VASPs and relieves them from stressing over incoming transfers from crypto exchanges. ChainComply develops a SaaS tool that scans the client's crypto exchange and blockchain transaction history to reveal the source of funds of crypto holders. The company solutionsimplifies complex transaction streams, and then it identifies high-risk transactions and patterns, enabling AML teams to understand their clients better and meet regulatory obligations efficiently.
- Visiblie — Visiblie is the AI visibility company. We get your brand recommended in ChatGPT, Gemini, Perplexity, and Claude answers, then prove the lift on your own data.
- TalentGuide — Unlock workforce potential with Talentguide's skills intelligence platform, transforming ambition into measurable ability through actionable insights and personalized development paths.
Flanders Future Techfund operates as an investment firm.
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- Industry: Medical, Biotechnology, Clinical Trials
- Stage:Seed, Series A, Venture - Series Unknown
- Geography: Belgium, The Netherlands
Investor stats
- Total investments: 7
- Round size: Seed $2.7M–$30M
- 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.
- Clouds of care — Increasing your probability of success through the adoption of meaningful endpoints, starting from electrophysiology.
Angelwise Vlaams Investeringsfonds
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- Industry: Software, SaaS, Information Technology
- Stage:Seed, Pre-Seed
- Geography: Belgium, The Netherlands
Investor stats
- Total investments: 17
- Round size: Seed $873k–$2.9M
- Lead/follow: 47% lead, 53% follow
- Last fund: Likely still investing — raised $23M in 2022
Portfolio highlights
- Adomate — Adomate helps performance teams turn customer signals, competitor insights, and brand data into on-brand ad concepts with AI workflows they build and control.
- Azumuta — Azumuta helps manufacturers raise shopfloor performance by digitizing and standardizing how work gets done. Across every shift, line, and site.
- Powerhouse — Powerhouse is your all-in-one solution for turning complex property operations into streamlined, automated workflows. Built on Salesforce for seamless integrations and powerful insights.
Leading venture capital fund with exclusive focus on micro/nano-electronics and advanced materials
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- Industry: Software, Manufacturing, Hardware
- Stage:Series B, Series A
- Geography: Belgium, Germany, United States
Investor stats
- Total investments: 21
- Round size: Series A $3.4M–$26M; Series B $7.5M–$13M
- Lead/follow: 24% lead, 76% follow
- Last fund: May invest from a new fund soon — last raise in 2015
Portfolio highlights
- siOPTICA — siOPTICA GmbH (
- 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 Mobility — Our solution enables carmakers to improve EV and HEV energy efficiency, increase range and accelerate charging time while reducing cost.
Volta Ventures backs ambitious B2B software founders in the Benelux with early-stage capital, strategic guidance and long-term support.
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- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A, Pre-Seed
- Geography: Belgium, The Netherlands, United States
Investor stats
- Total investments: 92
- Round size: Seed $850k–$5.2M; Pre-Seed $1M–$1.3M; Series A $2.2M–$8.8M
- Lead/follow: 49% lead, 51% follow
- Last fund: Likely actively investing — fresh fund, raised $22M in 2025
Portfolio highlights
- Kyvvu — Kyvvu is an Agent Security Kernel (ASK): an in-process security layer that checks every action an AI agent takes — against the full path of the task so far — and allows, warns, or blocks it before it runs, deterministically, in under a millisecond, without your data ever leaving your environment.
- Ringtime — Make more placements with the same team. The AI screening agent that reaches frontline candidates via WhatsApp and phone, in 22+ languages.
- Quadric — quadric.io is a Burlingame, CA-based processor technology company. The q16 Processor is the most comprehensive AI processor that handles any AI and high-performance edge workload.
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Browse database — It's Free!Baekeland Funds is a seed capital fund formed to invest in companies developed at the University of Ghent.
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- Industry: Biotechnology, Hardware, Software
- Stage:Series B, Series C
- Geography: Belgium
Investor stats
- Total investments: 8
- Lead/follow: 0% lead, 100% follow
- Last fund: May invest from a new fund soon — raised $15M in 2005
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.
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.
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- Industry: Software, SaaS, E-Commerce
- Stage:Series A, Seed, Series B
- Geography: France, Germany, Belgium
Investor stats
- Total investments: 218
- Round size: Seed $1.1M–$7.6M; Series A $3M–$20M; Series B $6.6M–$68M
- Lead/follow: 31% lead, 69% follow
- Last fund: May invest from a new fund soon — raised $234M in 2021
Portfolio highlights
- Dogami — Dogami is a mass-market NFT play-to-earn game that is centered around 3D NFT dog avatars.
- Tomorro — Leeway helps you reduce the time spent on contract management and gives you more control and visibility over legal and financial risks.
- Goodays (ex Critizr) — Critizr Connection is a Customer Interaction Management Platform that helps brands become customer-obsessed and deliver memorable customer experiences.
IAG Capital Partners is an investment firm that sole source of financing and investment rounds with other debt and equity investors.
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- Industry: Software, Health Care, Artificial Intelligence
- Stage:Series A, Series B, Seed
- Geography: United States, Canada, Germany
Investor stats
- Total investments: 76
- Round size: Seed $1.1M–$26M; Series A $5M–$35M; Series B $6M–$100M
- Lead/follow: 39% lead, 61% follow
Portfolio highlights
- Obsidio — Obsidio™ Conformable Embolic with aqueous gel technology is a 510(k) cleared device, the first of its kind to have a specific on-label indication for peripheral use in the U.S.
- OpenDrives — OpenDrives manufactures ultra-high-performance data storage hardware and software solutions for companies with thousands of concurrent users accessing high-resolution video and imaging files in real-time.
- Trener Robotics — Trener Robotics develops AI software that enables industrial robots to operate autonomously, adapt to variability, and deploy faster in manufacturing.
Terra Drone Indonesia provides drone services for various industry sector such as mining, construction, oil & gas, energy, and utilities.
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- Industry: Robotics, Drones, Aerospace
- Stage:Corporate Round, Series A, Series B
- Geography: Belgium, Ukraine, United States
Investor stats
- Total investments: 6
- Round size: Series B $11M–$19M
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Unifly — Unifly - Enabling autonomous aviation
- Aloft — Aloft provides an FAA approved airspace and fleet management platform, powering mission-critical drone operations for public safety and the enterprise.
- 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.
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.
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.
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- Industry: Health Care, Biotechnology, Medical
- Stage:Series A, Series B, Seed
- Geography: Belgium, France, United States
Investor stats
- Total investments: 27
- Round size: Seed $1.6M–$7.3M; Series A $156k–$49M; Series B $4.7M–$125M
- Lead/follow: 4% lead, 96% follow
- Last fund: May invest from a new fund soon — raised $38M in 2020
Portfolio highlights
- BOTALYS — BOTALYS uses an innovative Biomimetic Indoor Farming technology to recreate the ideal wild conditions for rare botanicals to grow in. We develop pristine & potent botanical ingredients for the Nutraceutical and Cosmetic industries.
- 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.
Debiopharm invests in Smart Data & Digital Health companies developing technologies that are applicable in the areas of oncology or infectious diseases
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- Industry: Health Care, Biotechnology, Software
- Stage:Series A, Seed, Pre-Seed
- Geography: United States, Switzerland, France
Investor stats
- Total investments: 49
- Round size: Seed $943k–$6M; Pre-Seed $317k–$1.7M; Series A $3.5M–$25M
- Lead/follow: 55% lead, 45% follow
Portfolio highlights
- Octozi — AI agents that accelerate clinical development. Automate data cleaning, review, reconciliation, and reporting across your trials.
- ModernVivo — Search millions of preclinical papers and extract experimental conditions in minutes. Design faster, better-powered in vivo studies with deterministic results.
- WhiteLab Genomics — Discover WhiteLab Genomics, where AI meets biology to revolutionize genomic medicine. Our innovative platform optimizes drug design for greater safety and efficacy.
Akiles is a Belgian Evergreen Investment Company focussing on Growth Capital. Managed by Christophe Rousseaux, Kurt Huyghe, Laurent Puissant Baeyens and
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- Industry: Health Care, Internet, Software
- Stage:Venture - Series Unknown, Private Equity, Series A
- Geography: Belgium, France, Luxembourg
Investor stats
- Total investments: 13
- Round size: Series A $1.6M–$5.1M; Venture - Series Unknown $1.1M–$4M
- Lead/follow: 46% lead, 54% follow
- Last fund: May invest from a new fund soon — raised $43M in 2021
Portfolio highlights
- eFarmz — eFarmz allows for the online purchase of a variety of organic goods, including fruits, sweets, dairy, seafood, meat, drinks, and more, with or without a membership. Alcoholic beverage purchases cannot be made by those under the age of 18.
- Hosman — They publish your property on more than 35 professional sites.
- Emmers Equestrian — Emmers Equestrian members receive access to unique privileges that improve and ease daily living.
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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- Industry: Biotechnology, Health Care, Medical
- Stage:Series B, Series A, Private Equity
- Geography: Belgium, United States, France
Investor stats
- Total investments: 171
- Round size: Series A $3.3M–$79M; Series B $10M–$73M; Private Equity $8.7M–$82M
- Lead/follow: 32% lead, 68% follow
- Last fund: May invest from a new fund soon — raised $838M in 2010
Portfolio highlights
- spineart — Spineart is a privately held medical device company focused on simplifying the surgical act by designing, developing and promoting safe and efficient solutions to spine surgeons, operating room teams, and patients.
- ActoGeniX — ActoGeniX is a biopharmaceutical company focused on the development and commercialization of a range of biological drugs. ActoGeniX was founded by Bernard Coulie and Mark Vaeck in 2006 and is based in Zwijnaarde, Belgium.
- Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
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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- Industry: Software, Internet of Things, Information Technology
- Stage:Series A, Series B, Series C
- Geography: The Netherlands, United States, Belgium
Investor stats
- Total investments: 49
- Round size: Series A $2.3M–$15M; Series B $3.1M–$60M; Series C $24M–$180M
- Lead/follow: 31% lead, 69% 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 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 is headquartered in London,England.
- ElevenLabs — Create lifelike speech with our AI voice generator and voice agents platform. Access 17,500+ voices in 90+ languages with secure APIs and SDKs.
- Openlayer — Openlayer is the AI governance and observability platform for regulated enterprises: one place to test, monitor, and govern every model, agent, and AI system your company runs.
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!The S.R.I.W. Group is an institution at the heart of the financial market that assists entrepreneurs in creating and developing businesses in the Walloon region. It reflects the effort of Wallonian industry in facing the challenges of the creation of economic value in the 21st century. Since its creation in 1979, the Société Régionale d’Investissement de Wallonie has continuously been expanding its abilities to adapt and anticipate as well as its flexibility in order to meet the requirements of its partners who are confronted with the evolution of the world economy. The principles of good governance, a strong business culture and shared values at the heart of the Group constitute important assets to capture the changing realities of the market and progress in a sustainable development perspective.
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- Industry: Health Care, Biotechnology, Manufacturing
- Stage:Venture - Series Unknown, Series A
- Geography: Belgium, United States, Spain
Investor stats
- Total investments: 111
- Round size: Series A $422k–$32M; Venture - Series Unknown $2.7M–$27M
- Lead/follow: 21% lead, 79% follow
Portfolio highlights
- Univercells — Mix parlay, atau lebih dikenal sebagai parlay bola atau hanya parlay, merupakan taruhan judi bola online yang menggabungkan minimal 2 hingga 10 tim pertandingan sepak bola menjadi 1 tiket taruhan.
- Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
- Santero Therapeutics — This is the homepage of the website
Sambrinvest is an active venture capital player in the region of Charleroi - Thuin.
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- Industry: Biotechnology, Health Care, Medical
- Stage:Seed, Series A, Series B
- Geography: Belgium, France, Spain
Investor stats
- Total investments: 41
- Round size: Seed $544k–$24M; Series A $1M–$49M; Series B $4.4M–$45M
- Lead/follow: 10% lead, 90% follow
Portfolio highlights
- Brenus Pharma — Brenus Pharma develops off-the-shelf, next-generation in vivo immunotherapies designed to unlock the immune response against solid tumors.
- Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
- 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.
The official website of the European Commission, providing access to information about its political priorities, policies and services
Show more...Investment focus
- Industry: Software, Biotechnology, Artificial Intelligence
- Stage:Grant, Seed, Pre-Seed
- Geography: France, Spain, Germany
Investor stats
- Total investments: 308
- Round size: Seed $117k–$10M; Grant $117k–$51M; Pre-Seed $55k–$5.4M
- Lead/follow: 68% lead, 32% follow
- Last fund: May invest from a new fund soon — last raise in 2014
Portfolio highlights
- VaxThera — VaxThera provides a production and research plants for biological products. They develop vaccines and medicines for the prevention and treatment of infectious diseases and other health problems. They develop vaccines for COVID-19, dengue, chikungunya, yellow fever, influenza, and zika.
- ADBioplastics — PLA without limits. Advanced additives and bioplastics for sustainable applications. #food #cosmetics #3Dprinting #textile #medicine #agriculture #construction
- Sanofi Germany — Sanofi is a life sciences company specialising in the development, manufacture, and marketing of innovative therapeutic solutions.
BAN Vlaanderen is the business angel network in Flanders, a value-added platform within which new or growing businesses are brought into contact with informal private investors, called Business Angels. Looking for venture capital This Business Angels bring not only money but also their own know-how, experience and contacts. Are connecting servicesoffered. Both the entrepreneurs and the business angelsBAN Vlaanderen is no investment, it does not own shares or take any investment decisions, nor for its own account or on behalf of the affiliates. Instead, it is a market where supply and demand are brought together. The information on this site is intended to initiate the purpose and operation of BAN Vlaanderen. For more information you can always contact one of our regional offices.BAN Vlaanderen is an association that aims to stimulate the development, support and promotion of entrepreneurship and investment culture in Belgium. Economic growth in Belgium
Show more...Investment focus
- Industry: Health Care, Medical, Apps
- Stage:Seed, Series A
- Geography: Belgium
Investor stats
- Total investments: 8
- Round size: Seed $263k–$1.9M
- Lead/follow: 38% lead, 62% follow
Portfolio highlights
- OutKept — Can you be phished? Verhoog je bewustzijn en naleving met volledig geautomatiseerde phishing-simulaties gemaakt door een community van ethische phishers.
- Pom — POM stands for Peace of Mind. And it's exactly that worry-free feeling that they want their customers to achieve through their invoice management solutions, both for the receiver and the sender.Their goal is to eliminate the senseless time and effort spent because of inefficient systems. And thus freeing up time to do the things that reallymatter.
- Oncomfort — Oncomfort’s solution for digital sedation is a completely new method for relieving patients’ pain and anxiety before, during and after medical procedures. This revolutionising digital therapy combines clinical hypnotherapy and integrative therapeutic techniques through Virtual Reality.
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 financing rounds. 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, The Netherlands
Investor stats
- Total investments: 62
- Round size: Series A $3.9M–$31M; Series B $4.4M–$26M; Series C $7.8M–$100M
- Lead/follow: 42% lead, 58% follow
- Last fund: Likely still investing — raised $103M in 2023
Portfolio highlights
- Nutrium — Nutrium is the most up-to-date nutrition software for dietitians and nutritionists to manage their nutrition business with nutritional assessment, meal planning and progress tracking.
- RougeTx — RougeTx is a Netherlands-based biotech developing first-in-class small-molecule therapies for vascular diseases caused by pericyte dysfunction. Its lead candidate, RTX-001, targets hereditary haemorrhagic telangiectasia (HHT), an inherited disorder involving fragile blood vessels and recurrent bleeding.
- 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.
Bloc is a specialist deep tech investor. We back ambitious entrepreneurs building products across cloud, connectivity, data science and security with the potential to impact whole industries.
Show more...Investment focus
- Industry: Software, Internet of Things, Financial Services
- Stage:Seed, Series A, Series B
- Geography: United Kingdom, Israel, Belgium
Investor stats
- Total investments: 24
- Round size: Seed $653k–$6.8M; Series A $2.4M–$16M; Series B $25M–$27M
- Lead/follow: 67% lead, 33% follow
Portfolio highlights
- AccelerComm — Our patented, market-leading IP solutions for 4G and 5G are configurable for quick, high-performance implementations across a wide range of applications.
- Luluchain — Luluchain is a novel platform that blends emotional value and blockchain technology. It uses modular blockchain and AI technology to enable efficient emotional data management and personalized services.
- Zeetta Networks — Zeetta Networks spun out of the renowned High-Performance Networks Group of Bristol University in 2015 to commercialise the group’s leading Network Virtualisation & Slicing technology. Our patent-protected software technology, NetOS®, enables network operators to virtualise their networks, and then automate operations and expose the network’scapabilities in a way that cannot be done today by any of Zeetta’s competitors. We have strong market traction and engaged with world leading players, including Deutsche Telecom, Orange, BT, Colt, Facebook, and Vodafone, amongst others. Moreover, NetOS® includes a powerful Virtualization Engine which uniquely operates across different types of networks. This enables the development of “network slices” i.e. logical and isolated sub-networks which can be used like real physical networks for the development of applications. Network Virtualization enables the most efficient use of the network resources because they can be shared among many users with guaranteed Quality of Service (QoS) for each service and user.
Chemical, Advanced Materials, Cosmetics, Recycling, CleanTech, Plastics and Rubber Manufacturing, Nanotechnology, Biosciences
Show more...Investment focus
- Industry: Health Care, Manufacturing, Chemical
- Stage:Seed, Venture - Series Unknown, Series A
- Geography: Belgium, France, Luxembourg
Investor stats
- Total investments: 31
- Round size: Seed $318k–$6M; Series A $2.3M–$5M; Venture - Series Unknown $1.1M–$8.8M
- Lead/follow: 26% lead, 74% follow
Portfolio highlights
- Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
- Fyteko — For a more sustainable agriculture
- Graftys — Graftys, an Aix-en-Provence, France-based early stage company focused on advanced bone biologics.
b2venture is a venture capital firm focused on early-stage investments in digital and industrial technology companies. B2venture invests EUR 100m+ per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.
Show more...Investment focus
- Industry: Software, Health Care, Information Technology
- Stage:Series A, Seed, Series B
- Geography: Germany, Switzerland, United Kingdom
Investor stats
- Total investments: 281
- Round size: Seed $1.2M–$8.8M; Series A $3.4M–$23M; Series B $6.9M–$52M
- Lead/follow: 29% lead, 71% follow
- Last fund: Likely actively investing — fresh fund, raised $179M in 2026
Portfolio highlights
- 1Komma5° — 1KOMMA5° is a global decarbonisation energy company focusing on intelligent energy solutions and promoting a CO2-neutral lifestyle. They are a ClimateTech startup focused on CO2-neutral energy, heating, and mobility. The company functions at approximately 80 sites across 7 global markets, providing a comprehensive range of smart, integrated energysolutions including photovoltaics, energy storage, heat pumps, and electric vehicle charging stations.
- Flyboard — Human-level AI voice agents at a fraction of the cost. Transform your customer engagement with intelligent automation.
- Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
European.eu is the official website of the European Union. It is a good starting point if you are looking for information and services provided by the EU but you don't know your way around their sites. The European Union is a unique economic and political union between 28 EU countries that together cover much of the continent.
Show more...Investment focus
- Industry: Software, Information Technology, Health Care
- Stage:Grant, Seed, Pre-Seed
- Geography: Germany, United Kingdom, United States
Investor stats
- Total investments: 231
- Round size: Seed $21k–$5.4M; Grant $64k–$28M; Pre-Seed $40k–$2.2M
- Lead/follow: 64% lead, 36% follow
Portfolio highlights
- Helbio — Helbio specializes in development, manufacturing and marketing of Hydrogen and Energy Systems, either for industrial use or integrated with fuel cells for Combined Heat and Power (CHP) production.
- Resolutiion — Resolutiion provides AI-powered software for managing commercial conflict, delivery risk, and business relationship performance. The platform supports organizations with dispute detection, workflow automation, contract monitoring, issue resolution, and operational risk management across customers, suppliers, workforce teams, and commercialpartnerships. Its system uses AI-driven analysis to identify relationship friction, monitor delivery performance, and support structured resolution processes. Resolutiion also provides commercial intelligence tools, reporting, and collaboration features for enterprise delivery and governance management.
- Sensible Biotechnologies — Engineering cells to make better mRNA.
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, Software
- Stage:Series B, Series A, Venture - Series Unknown
- Geography: Belgium, The Netherlands, Germany
Investor stats
- Total investments: 48
- Round size: Series A $4.4M–$13M; Series B $6.6M–$50M; Venture - Series Unknown $4.7M–$39M
- Lead/follow: 46% lead, 54% follow
Portfolio highlights
- Entrix — Entrix is an optimisation and trading platform for grid-scale battery storage that accelerates the transition towards a clean energy future. Our mission is to enable the most effective use of green energy and to ensure the reliability of the future energy system. We provide state-of-the-art technology and services to both asset owners and potentialinvestors across the globe.
- OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
- Ona Therapeutics — Ona Therapeutics is a biotech company that specializes in the discovery and development of therapeutic biologics targeting tumor metastatic-initiating cells and lipid metabolism. Founded in 2019 by Salvador Aznar-Benitah and Valerie Vanhooren, it was a spin-off from ICREA and Advanced Studies, and the IRB Institute for Research in Biomedicine.
Hardware Investor funding in Belgium at a glance
Stats across 268 deals from 291 investors.
Access all 291 investors in Belgium Hardware startups.
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