# Top 50 Health Care VC (Venture Capital) Funds in Belgium in June 2026 ## PMV - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 20 - Stages: Series A, Seed - Focus: Software, Biotechnology, Health Care Do and dare company ## Meusinvest (Noshaq) - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 20 - Stages: Series A, Seed - Focus: Biotechnology, Health Care, Medical Noshaq offers financial services to help businesses develop. ## S.R.I.W. - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 15 - Stages: Series A, Series B - Focus: Health Care, Biotechnology, Manufacturing 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. ## V-Bio Ventures - Type: VC Fund - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 13 - Stages: Series A, Series B, Seed - Focus: Biotechnology, Health Care, Therapeutics V-Bio Ventures is an independent venture capital firm specialized in building and financing young, innovative life science companies. The fund invests throughout Europe in start-up and early-stage companies with high growth potential focusing on technologies that provide transformational improvements in the biotech, pharmaceutical and agriculturalsectors. ## Gemma Frisius Fund - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 13 - Stages: Seed, Series B, Series A - Focus: Biotechnology, Health Care, Medical Gemma Frisius Fund KU Leuven is a seed capital fund that aims to stimulate the creation and growth of university related spin-off companies. ## Qbic Fund - Type: VC Fund - Location: Belgium, Wisconsin, United States - Relevant deals: 12 - Stages: Seed, Series A - Focus: Biotechnology, Software, Health Care 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. ## Capricorn Partners - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 12 - Stages: Series A, Series B - Focus: Biotechnology, Health Care, Software Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds ## Vives Louvain Technology Fund - Type: VC Fund - Location: Louvain-la-neuve, Vlaams-Brabant, Belgium - Relevant deals: 10 - Stages: Series A, Series B - Focus: Health Care, Biotechnology, Medical 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. ## WING by Digital Wallonia - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 9 - Stages: Seed, Convertible Note, Series A - Focus: Software, Health Care, SaaS 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). ## VIB - Type: VC Fund - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 9 - Stages: Series A, Series B, Seed - Focus: Biotechnology, Health Care, Therapeutics Strategic research in on life sciences and biotechnology ## Inventures SA - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 8 - Stages: Series A, Seed - Focus: Health Care, Biotechnology, Manufacturing 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. ## Newton Biocapital - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 8 - Stages: Series A, Seed - Focus: Biotechnology, Medical, Pharmaceutical Our mission is to mature innovation and support the growth of our portfolio companies to create value for patients, society, local ecosystems, and investors. ## Sambrinvest - Type: VC Fund - Location: Gosselies, Hainaut, Belgium - Relevant deals: 8 - Stages: Seed, Series A, Series B - Focus: Biotechnology, Health Care, Medical Sambrinvest is an active venture capital player in the region of Charleroi - Thuin. ## Limburgse Reconversie Maatschappij - Type: VC Fund - Location: Hasselt, Limburg, Belgium - Relevant deals: 7 - Stages: Seed, Series A - Focus: Information Technology, Software, Biotechnology Oxygen for growth - LRM ## Gimv - Type: VC Fund - Location: Antwerpen, Antwerpen, Belgium - Relevant deals: 6 - Stages: Series B, Series A - Focus: Biotechnology, Health Care, Medical Gimv, a trusted European investment company, helps mid-market businesses create sustainable value through growth capital and expertise across diverse sectors. ## White Fund - Type: VC Fund - Relevant deals: 6 - Stages: Seed, Series A - Focus: Health Care, Medical, Medical Device For game changers in medtech ## EQT Life Sciences - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 6 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Therapeutics Providing capital plus strategic, clinical, operational, financial, and commercial support to deliver the added value inventors seek. ## Spinventure - Type: VC Fund - Location: Angleur, Liege, Belgium - Relevant deals: 6 - Stages: Series A - Focus: Health Care, Biotechnology, Medical Spinventure supports the creation of spin-off companies that aim to industrialize and commercialize the result of scientific research. Spinventure was born from a collaboration between MEUSINVEST and the University of Liège. It is headquartered in Angleur, Belgium. ## New Science Ventures - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 5 - Stages: Series B, Series A - Focus: Biotechnology, Health Care, Medical New Science Ventures is a venture capital firm that focuses on investments in life sciences and information technology companies. They invest in early and late stage companies taking novel scientific approaches to address significant unmet needs, while creating order-of-magnitude improvements in performances. The company also invests in companiesusing science-based innovations to address market needs in life sciences such as pharmaceuticals, biologics, medical devices, diagnostics, and IT. The team of the company expertise in strategy and corporate planning, operations and cost management, and leadership development. ## Vesalius Biocapital Partners - Type: VC Fund - Location: Strassen, Luxembourg, Luxembourg - Relevant deals: 5 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Medical 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. ## KBC - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 5 - Stages: Seed, Series A, Series B - Focus: Biotechnology, Health Care, FinTech KBC Private Equity - the investment company of KBC Group - provides development capital and finances buy-outs to medium-sized companies in Belgium and in Central and Eastern Europe, KBC's home markets.Boasting an experienced team of 28 people, it has more than 60 active investments in portfolio with a market value in excess of EUR 400million.KBC Private Equity aims to become one of the leading private equity providers on KBC Group's home markets. As an active shareholder with a long-term perspective, KBC Private Equity is involved in taking strategic decisions and providing support to management teams. ## Theodorus III - Type: VC Fund - Relevant deals: 4 - Stages: Seed, Series A - Focus: Health Care, Life Science, Medical Theodorus is the spin-off fund of Université Libre de Bruxelles that invests ininvest in early stage projects based on proprietary disruptive technologies. ## Fund+ - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 4 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Therapeutics Fund+ is a venture capital firm that invests in companies operating in the diagnostics, therapeutics, medical devices, and life science sectors. The firm wants to create sustainable shareholders' value, contribute to the development of a leadership position in the life sciences sector, and generate a tangible, beneficial societal impact.Fund+ was established in 2015 and is based in Leuven, Belgium. ## Boehringer Ingelheim Venture Fund - Type: VC Fund - Location: Ingelheim Am Rhein, Rheinland-Pfalz, Germany - Relevant deals: 4 - Stages: Series A, Series B, Seed - Focus: Biotechnology, Health Care, Therapeutics Discover Boehringer Ingelheim Venture Fund. We invest in groundbreaking science to transform care. Explore our mission and join us in advancing medicine ## HERAN Partners - Type: VC Fund - Location: Belgiek, West-Vlaanderen, Belgium - Relevant deals: 4 - Stages: Series A, Seed - Focus: Health Care, Artificial Intelligence, Hospital HERAN PARTNERS is a Belgian-based investment fund founded by Annie Vereecken together with Katleen Vandersmissen, Joris Mortelmans and Herman Verrelst within the sector of MedTech and Digital Health. With a clear focus on European HealthTech, the fund provides venture & growth capital accompanied by a strong network, expertise and mentorship tostartups and scale-ups with a strong technology platform and market potential. ## Mérieux Equity Partners - Type: VC Fund - Location: Lyon, Rhone-Alpes, France - Relevant deals: 4 - Stages: Series A, Private Equity - Focus: Health Care, Biotechnology, Medical Device Mérieux Equity Partners (“MxEP”) is a management company dedicated to venture, growth and LBO investments in the healthcare and nutrition sectors. MxEP actively supports entrepreneurs and industrial companies with differentiated products and services, by providing privileged access to its expertise and international network. MxEP currently managesmore than €600m AUM and has recently launched a new vehicle MP3 of €350m dedicated to growth/LBO. ## Droia Ventures - Type: VC Fund - Location: Luxembourg, Luxembourg, Luxembourg - Relevant deals: 4 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Medical, Health Care Droia Ventures is a specialist investor, dedicated to making an impact and save patient lives. We invest in the most promising life science companies. ## Omnes Capital - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 4 - Stages: Series A, Series B - Focus: Software, Biotechnology, Health Care Omnes VC is the Venture Capital arm of Omnes Capital, a leading private equity firm dedicated to energy transition and innovation with €4.8 billion in assets under management and a 20 year + experience in: venture capital, buyout & growth capital, private debt, renewable energy, co-investment, secondary funds of funds. Omnes Capital is fullyindependent.With 65 business sales including 14 IPOs carried out in 16 years, Omnes VC is one of the key players in France in financing innovative SMEs with expertise in both Technology and Healthcare sectors. Omnes VC has supported 120 companies and has invested more than €500M in businesses such as Scality, Novaled, BioVex, arGEN-X, Pixium, Blablacar. ## Kurma Partners - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 4 - Stages: Series A, Seed, Series B - Focus: Health Care, Biotechnology, Medical Kurma Partners is a management company based in Paris, specializing in the financing of innovation in healthcare and biotechnology, from pre-creation to development capital. Kurma Partners, which manages the Kurma Biofund I, II funds and the Kurma Diagnostics fund, is one of the main players in the financing of therapeutic and medical innovationsin Europe, particularly through links with many institutes. research and prestigious hospitals. ## Forbion Capital Partners - Type: VC Fund - Location: Naarden, Noord-Holland, The Netherlands - Relevant deals: 3 - Stages: Series B, Series A, Series C - Focus: Biotechnology, Health Care, Medical Impacting the future of medicine. ## imec.istart Future Fund - Type: VC Fund - Location: Antwerp, Antwerpen, Belgium - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Satellite Communication, Software, Health Care Early-stage venture capital fund focused on alumni of the imec.istart accelerator and exceptional tech founders building in Applied AI, Spacetech, Healthtech, and Deep Tech. Based in Antwerp, Belgium. ## Be Angels - Type: VC Fund - Location: Louvain-la-neuve, Vlaams-Brabant, Belgium - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: SaaS, Software, Health Care 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. ## imec.xpand - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 3 - Stages: Seed, Series A, Series B - Focus: Semiconductor, Manufacturing, Medical Device Expanding nanotechnology into business. ## Namur Invest - Type: VC Fund - Location: Namur, Namur, Belgium - Relevant deals: 3 - Stages: Series A, Seed, Grant - Focus: Health Care, Medical Device, Auctions Namur Invest Group provides companies with financing solutions in various forms adapted to their needs, to strengthen their financial. ## TCD Capital (ex TheClubDeal) - Type: VC Fund - Location: Uccle, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 3 - Stages: Series A, Series B, Seed - Focus: Health Care, Biotechnology, Information Technology 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. ## Volta Ventures - Type: VC Fund - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence 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. ## Thuja Capital - Type: VC Fund - Location: Utrecht, Utrecht, The Netherlands - Relevant deals: 3 - Stages: Series A, Seed - Focus: Biotechnology, Medical, Health Care Thuja Capital invests in early stage medical product innovations for diagnosis, cure, care or prevention. ## Novo Holdings - Type: VC Fund - Location: Hellerup, Hovedstaden, Denmark - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Medical Novo Holdings is a world-leading life science investor with a focus on creating long-term value. ## Spreds - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Health Care, Online Portals We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels. ## BioGeneration Ventures - Type: VC Fund - Location: Naarden, Noord-Holland, The Netherlands - Relevant deals: 3 - Stages: Series A, Seed - Focus: Biotechnology, Therapeutics, Health Care Shaping new life-science ventures. ## AdBio partners - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 3 - Stages: Seed, Series A - Focus: Biotechnology, Health Care, Pharmaceutical AdBio partners is a European Life Sciences Venture Capital firm dedicated to seeding healthcare’s step forward.We work with leading research institutions and well-established technology transfer offices, with a strong network of scientific and medical partners, exploring new territories to source breakthrough medical discoveries and driveinventive Life Sciences start-ups to success.We embrace European Life Sciences’ dynamic of innovation. Europe harbors a vibrant environment for medical and scientific investigation, with some of the most leading-edge academic and research centers. AdBio partners seizes the opportunity to highlight their undervalued research programs and assets and participate in structuring Europe’s biotechnology ecosystem. ## Buysse & Partners - Type: VC Fund - Location: Antwerpen, Antwerpen, Belgium - Relevant deals: 3 - Stages: Series A, Seed - Focus: Software, Cloud Computing, FinTech Buysse and Partners is a private equity investment group based in Antwerpen that offers smart equity, a growth fund, and partnerships. ## b2venture - Type: VC Fund - Location: Saint Gallen, Sankt Gallen, Switzerland - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: Software, Health Care, Information Technology 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. ## Qbic - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 3 - Stages: Seed, Series B - Focus: Health Care, Biotechnology, AgTech Qbic is the result of a lot of thinking, debating and sketching of what a city hotel could be; one that breaks the rules and makes people smile.An astonishing level of change has swept through the world over the last few years. But the hotel experience is no different than it’s ever been: stuffy, over-priced and lacking soul. They’re here tochange all that. they’re curious, imaginative and friendly, and they think there are lots of people just like us seeking a hotel with personality in the middle of the city.They believe in something better than what’s currently out there. A place that celebrates life rather than sucks life out of it. A hotel that’s built on creativity and a belief that you don’t have to accept the conventional. Somewhere that sends you away with fun stories and ideas, and is easy on your pocket. ## SFPIM - Type: VC Fund - Location: Brussel, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Biotechnology, AgTech, Agriculture SFPIM investment firm that invests in technology and infrastructure. ## Fountain Healthcare Partners - Type: VC Fund - Location: Dublin, Dublin, Ireland - Relevant deals: 3 - Stages: Series A, Series B, Series C - Focus: Health Care, Biotechnology, Medical Fountain Healthcare Partners is an Irish based life science venture capital fund. Fountain is exclusively focused on the life science sector. Specific areas of interest to them are: specialty pharma, medical devices, biotechnology and diagnostics. They will deploy the majority of their capital in Europe with a strong focus on Ireland. ## Ackermans & van Haaren - Type: VC Fund - Location: Antwerpen, Antwerpen, Belgium - Relevant deals: 3 - Stages: Series B, Series A, Series C - Focus: Health Care, Medical, Biotechnology Ackermans & van Haaren is a diversified group active in 5 segments: Marine Engineering & Infrastructure; Private Banking; Real Estate, Leisure & Senior Care; Energy & Resources; Development Capital. Marine Engineering & Infrastructure: DEME, one of the largest dredging companies in the world - Algemene Aannemingen Van Laere,a leading contractor in Belgium. Ackermans & van Haaren is an independent and diversified group aiming at creating shareholder value through long-term investments in a limited number of companies with growth potential on an international level. ## GoBeyond - Type: VC Fund - Location: Zürich, Zurich, Switzerland - Relevant deals: 3 - Stages: Seed, Series A - Focus: Information Technology, Medical, Software GoBeyond is a FinTech company transforming angel investing into a new scalable asset class for small and large, novice to experienced investors. It offers a unique deal platform, portfolio tools, syndication/pooling, due diligence, investment monitoring services, training and certified deal leaders.Its clients are individuals, familyoffices, professional groups and corporations. It is active in the EU, Switzerland and the US. GoBeyond also offers educational training modules for angel investors in 11 categories. ## BAN Vlaanderen - Type: VC Fund - Location: Hasselt, Limburg, Belgium - Relevant deals: 2 - Stages: Seed, Series A - Focus: Health Care, Medical, Apps 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 ## Sofinnova Partners - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Medical Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.