# Top 50 Hardware Startup Investors in Belgium in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 14 | Belgium, United States, The Netherlands | Series A, Seed | Software, Biotechnology, Health Care |
| imec.xpand | 10 | Belgium, United States, Germany | Seed, Series A, Series B | Semiconductor, Manufacturing, Medical Device |
| Qbic Fund | 9 | Belgium, The Netherlands | Seed, Series A | Biotechnology, Software, Health Care |
| Limburgse Reconversie Maatschappij | 8 | Belgium, United States, The Netherlands | Seed, Series A | Information Technology, Software, Biotechnology |
| WING by Digital Wallonia | 7 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, SaaS |
| The Faktory Fund | 6 | Belgium, France, United States | Seed, Pre-Seed | Software, Analytics, Information Technology |
| Toon Coppens | 6 | Belgium, United States | Seed, Pre-Seed, Angel | SaaS, Software, Sales Automation |
| Lorenz Bogaert | 6 | Belgium, United Kingdom, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS |
| Allegro Investment Fund | 4 | Belgium, United States, The Netherlands | Series A, Series B | Software, Hardware, Apps |
| Capricorn Partners | 4 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| KBC Focus Fund | 3 | Belgium, The Netherlands, Germany | Seed, Series A | Electronics, Semiconductor, Health Care |
| Lean FUND | 3 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software |
| Be Angels | 3 | Belgium, France, Spain | Seed, Pre-Seed | SaaS, Software, Health Care |
| Volta Ventures | 3 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Angelwise | 3 | Belgium, The Netherlands | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Jonas Dhaenens | 3 | Belgium | Seed, Angel, Pre-Seed | Software, SaaS, Internet |
| Big Bang Ventures | 3 | Belgium, The Netherlands, United States | Series A, Series B | Software, Cloud Computing, Apps |
| Capital-E | 3 | Belgium, United States, Germany | Series B, Series A | Software, Manufacturing, Semiconductor |
| Flanders Future Techfund | 3 | Belgium | Seed | Medical, Semiconductor, Clinical Trials |
| Fidimec | 3 | Belgium | Series A, Seed | Industrial, Semiconductor, Medical |
| Gemma Frisius Fund | 3 | Belgium, France, United Kingdom | Seed, Series B, Series A | Biotechnology, Health Care, Medical |
| Baekeland Funds | 3 | Belgium | Series B, Series C | Biotechnology, Hardware, Software |
| Gimv | 2 | Belgium, United States, France | Series B, Series A | Biotechnology, Health Care, Medical |
| SFPIM | 2 | Belgium, France | Series A, Series B, Series C | Biotechnology, AgTech, Agriculture |
| XAnge | 2 | France, Germany, Belgium | Series A, Seed, Series B | Software, SaaS, E-Commerce |
| Sambrinvest | 2 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Medical |
| Eurazeo | 2 | France, United States, Germany | Series B, Seed | Software, Information Technology, Health Care |
| Nuoyan Capital | 2 | China, Belgium | Seed, Series A | Manufacturing, Semiconductor, Electronics |
| Terra Drone | 2 | Belgium, Ukraine | Series A, Series B | Robotics, Aerospace, Drone Management |
| New Enterprise Associates | 2 | United States, India, United Kingdom | Series A, Series B, Series C | Software, Health Care, Biotechnology |
| Innovation Fund | 2 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Information Technology |
| Korys | 2 | Belgium, The Netherlands, Germany | Series B, Series A | Biotechnology, Renewable Energy, Information Technology |
| IAG Capital Partners | 2 | United States, Germany, Ireland | Series B, Series A, Seed | Software, Health Care, Artificial Intelligence |
| Flanders Innovation and Entrepreneurship (VLAIO) | 2 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Software |
| TCD Capital (ex TheClubDeal) | 2 | Belgium, France | Series A, Series B, Seed | Health Care, Biotechnology, Information Technology |
| Meusinvest (Noshaq) | 2 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Partech | 2 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| KPN Ventures | 2 | The Netherlands, Belgium, Germany | Series A, Series B, Seed | Software, SaaS, Internet of Things |
| LeanSquare | 2 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| Quest for Growth | 2 | Belgium, France, The Netherlands | Series B, Series C | Biotechnology, Hardware, Software |
| Inventures SA | 2 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Biotechnology, Manufacturing |
| Finance.Brussels | 2 | Belgium, France | Seed, Series A | Software, Information Technology, Internet |
| Akiles | 2 | Belgium, France, Luxembourg | Private Equity, Series A | Health Care, Software, Wellness |
| Vesalius Biocapital Partners | 2 | Belgium, Germany, France | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Vives Louvain Technology Fund | 2 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical |
| S.R.I.W. | 2 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Olivier Coune | 2 | Belgium | Seed | Outdoors, Software, Lifestyle |
| Boris Bogaert | 2 | Belgium, United Kingdom, Italy | Seed, Pre-Seed | Software, SaaS, FinTech |
| European Commission | 2 | France, Spain, United Kingdom | Grant, Seed, Pre-Seed | Software, Health Care, Biotechnology |
| VCT Vector Gestion | 2 | Belgium | Seed | Computer, Electronics, Manufacturing |