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Top 50 Impact Startup Investors in Belgium (September 2026)

The most active venture capital funds and angel investors investing in Belgium Impact startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Impact startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Limburgse Reconversie Maatschappij
VC Fund
6 Belgium, The Netherlands, United States Seed, Series A Information Technology, Software, Biotechnology $658k–$11M
PMV
VC Fund
6 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$43M
Innovation Fund
VC Fund
5 Belgium, France, Luxembourg Seed, Venture - Series Unknown, Series A Health Care, Manufacturing, Chemical $318k–$8.8M
Gemma Frisius Fund
VC Fund
4 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Medical, Software $500k–$84M
WE International
VC Fund
3 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
Gimv
VC Fund
3 Belgium, United States, France Series B, Series A Biotechnology, Health Care, Medical $3.3M–$79M
LeanSquare
VC Fund
3 Belgium, France, United States Seed, Venture - Series Unknown, Series A Software, Music, Information Technology $257k–$19M
Seeder Fund
VC Fund
3 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$12M
Meusinvest (Noshaq)
VC Fund
3 Belgium, France, Germany Series A, Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $137k–$16M
Korys
VC Fund
3 Belgium, The Netherlands, Germany Series B, Series A, Venture - Series Unknown Biotechnology, Renewable Energy, Software $4.4M–$50M
Finance.Brussels
VC Fund
3 Belgium, France Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.5M–$16M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
2 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
Euroclear
VC Fund
2 United Kingdom, Spain, France Corporate Round, Series A, Series B Financial Services, FinTech, Finance
Elia Group
VC Fund
2 Belgium, Germany, Macedonia Seed, Series A, Private Equity Energy, Solar, Software $3.4M–$4.5M
Gogreen Capital
VC Fund
2 Belgium, France Venture - Series Unknown, Seed, Series A AgTech, Hardware, Agriculture $1.3M–$2.3M
Qbic Fund
VC Fund
2 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $1.3M–$34M
Chroma Impact Investment
VC Fund
2 Kenya, Belgium Seed, Series A Renewable Energy, Drones, Software
QBIC II
VC Fund
2 Belgium Series B, Venture - Series Unknown, Seed Biotechnology, Industrial, Construction $1.5M–$64M
Nuhma
VC Fund
2 Belgium Seed, Series A, Venture - Series Unknown Battery, Software, GreenTech
Airborn
VC Fund
2 Belgium, United States Pre-Seed Software, CleanTech, GreenTech $730k–$1.1M
Otium Capital
VC Fund
2 France, Spain, United States Seed, Series A Software, Health Care, E-Commerce $968k–$17M
ABB Ventures
VC Fund
2 United States, United Kingdom, Canada Series B, Series A Software, Energy, Robotics $3.3M–$60M
H&M Foundation - Global Change Award
VC Fund
1 United States, India, United Kingdom Grant, Seed, Pre-Seed Textiles, Biotechnology, Recycling $20k–$216k
Kima Ventures
VC Fund
1 France, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $591k–$16M
Nivelinvest
VC Fund
1 Belgium, United States Series A, Seed, Series B Biotechnology, iOS, Energy $6.6M–$31M
Lean FUND
VC Fund
1 Belgium, United States, France Seed, Series B Internet, Apps, Software $66k–$384k
DDM Holding AG
VC Fund
1 Sweden, Austria, Belgium Pre-Seed, Post-IPO Debt, Corporate Round Financial Services, Banking, FinTech
Ventech
VC Fund
1 France, Germany, United States Series A, Series B, Seed Software, E-Commerce, Internet $1.3M–$67M
Edgard Vermeersch
Angel
1 Belgium Venture - Series Unknown CRM, Energy, Software
Innogy Venture Capital
VC Fund
1 Germany, Sweden, United States Series A, Series B Energy, CleanTech, Renewable Energy $2.5M–$7.7M
Gesval
VC Fund
1 Belgium Venture - Series Unknown, Seed, Series A Biotechnology, Medical, Software $2.2M–$4.7M
Delaware
VC Fund
1 Belgium Seed, Pre-Seed, Venture - Series Unknown SaaS, Software, Waste Management
Inventures SA
VC Fund
1 Belgium, France, United Kingdom Series A, Seed, Series B Health Care, Software, Biotechnology $67k–$21M
GREEN.er Fund
VC Fund
1 Belgium Series A Recycling, Waste Management
Apic Investments
VC Fund
1 Germany, Austria, Belgium Series A, Seed, Venture - Series Unknown Real Estate, Software, Big Data $2.3M–$15M
General Motors Ventures
VC Fund
1 United States, Canada, Israel Series A, Series C Automotive, Software, Energy $10M–$65M
The Faktory Fund
VC Fund
1 Belgium, France, United States Seed, Venture - Series Unknown, Pre-Seed Software, Analytics, Information Technology $700k–$22M
Eutopia VC
VC Fund
1 France, Belgium, Denmark Seed, Series A, Venture - Series Unknown E-Commerce, Retail, Food and Beverage $1.3M–$48M
Capricorn Partners
VC Fund
1 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$45M
Wallonie Entreprendre
VC Fund
1 Belgium, France Series A, Seed Biotechnology, Recycling, Health Care $13M–$29M
AFI Ventures
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed, Series A Health Care, Artificial Intelligence, GreenTech $588k–$11M
Aperam Ventures
VC Fund
1 Belgium Pre-Seed CleanTech, Manufacturing, Renewable Energy
AXE Investments N.V.
VC Fund
1 Belgium Venture - Series Unknown Energy, Recycling, Clean Energy
invest.bw
VC Fund
1 United States Seed Health Care, Neuroscience
Creos Luxembourg
VC Fund
1 Belgium Series C, Venture - Series Unknown Power Grid, Renewable Energy, Intelligent Systems
Finindus
VC Fund
1 Belgium, United States, Sweden Series A, Seed Manufacturing, Industrial, Renewable Energy $1.3M–$27M
European Union
VC Fund
1 France, Belgium Seed, Pre-Seed Banking, Fashion, Security
Olivier Coune
Angel
1 Belgium Seed Outdoors, Software, Lifestyle $403k–$883k
PDENH
VC Fund
1 The Netherlands, Belgium Venture - Series Unknown, Seed Energy, Manufacturing, Renewable Energy $1.4M–$53M
Alychlo
VC Fund
1 Belgium, United States Series D, Venture - Series Unknown, Series A CRM, Energy, Rental $12M–$32M
Access all 149 investors in Belgium Impact startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 6 investments in Belgium Impact startups

Oxygen for growth - LRM

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $658k–$5.2M; Series A $1.6M–$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.
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 6 investments in Belgium Impact startups, 8 in the past 12 months

Do and dare company

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Investment focus

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

Investor stats

  • Total investments: 159
  • Round size: Seed $1M–$4M; Series A $3M–$40M; Series B $6.6M–$43M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • 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.
  • Borro — Cashless deposit system
  • Storm — Storm is een producent van hernieuwbare energie. Samen met ons team ontwikkelen, bouwen en exploiteren we duurzame energieprojecten over het hele land: van wind- en zonneparken tot snellaadstations en batterijopslag. Dit telkens tegen een zo laag mogelijke maatschappelijke kost.
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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Impact startups

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

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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.
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Gemma Frisius Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 4 investments in Belgium Impact startups

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

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Investment focus

  • Industry: Biotechnology, 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 $932k–$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 — Beyond bioinformatics. Building intelligent platform solutions for mass spectrometry imaging data analysis. #AI4MSI
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WE International
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Impact startups, 8 in the past 12 months

WE International is a financial firm that provides an array of loans, funding, acquisition, and investment services.

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Investment focus

  • Industry: Health Care, Energy, Biotechnology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 24
  • Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
  • Lead/follow: 25% lead, 75% 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.
  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
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Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 3 investments in Belgium Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 171
  • Round size: Series A $3.3M–$79M; Series B $8.8M–$73M
  • 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.
  • NovoPolymers — NovoPolymers NV is a company, with the vision and mission to develop and produce sustainable solutions for primarily the photovoltaic market.
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LeanSquare
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Impact startups

New Economy Startups Investor & Accelerator

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Investment focus

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

Investor stats

  • Total investments: 48
  • Round size: Seed $376k–$2.4M; Series A $257k–$12M; Venture - Series Unknown $830k–$19M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • Gamevestor — Be more than a player. Invest in expert-selected video game projects and earn a share of their commercial revenues.
  • Tickets for Good — Tickets for Good is a ticketing platform for live events and entertainment.
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Impact startups, 9 in the past 12 months

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

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Investment focus

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

Investor stats

  • Total investments: 38
  • Round size: Seed $390k–$2.6M; Pre-Seed $212k–$2.4M; Series A $3.5M–$12M
  • 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.
  • Visiblie — We get your brand recommended by ChatGPT, Perplexity, Gemini, Claude and every major AI search engine in weeks. Done for you.
  • Kando — Voice & Visual assistant and software for caregiver
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Impact startups

Noshaq offers financial services to help businesses develop.

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Investment focus

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

Investor stats

  • Total investments: 82
  • Round size: Seed $137k–$6M; Series A $3.6M–$16M; Venture - Series Unknown $2M–$16M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Le Fourgon — Le Fourgon provides contained drinks for home delivery. They offer milk, water, beer, wine, fruit juice, and sodas. They allow customers to have their drinks delivered free of charge during the day.
  • Allegro Biotech — Allegro has developed the world’s-first custom-tailored, durable, biocompatible, anisotropic, regenerative meniscus cartilage, providing immediate support while also leverage the body’s own healing potential to regenerate human cartilage (proliferation and differentiation of fibrochondrocyte cells).
  • Amyl Therapeutics — Amyl Therapeutics is a preclinical stage biotechnology company. Amyl Therapeutics uses a novel mechanism to bind to the amyloid fold of toxic protein aggregates of various types, including antibody light chain (AL) or transthyretin (TTR) aggregates, which accumulate in peripheral organs to cause systemic amyloidosis diseases, but also amyloid-β(Aβ), Tau, and α-synuclein aggregates, which accumulate in the brain to cause Alzheimer's and Parkinson's diseases.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 3 investments in Belgium Impact startups

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.

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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.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Impact startups

Regional Investment Company of Brussels

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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.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 36
  • Round size: Seed $517k–$1.9M; Grant $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.
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Euroclear
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Impact startups

Euroclear group is the financial industry’s trusted provider of post-trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities, and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation, andefficiency at scale for its global client franchise.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Corporate Round, Series A, Series B
  • Geography: United Kingdom, Spain, France

Investor stats

  • Total investments: 11
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Proxymity — Announcing our Newest Partnership
  • Marketnode — Marketnode, an SGX Group and Temasek joint venture, is Asia-Pacific’s trusted and neutral digital markets infrastructure. At Marketnode, we operate two flagship platforms, Gateway and Fundnode.Gateway is a one-stop, end-to-end platform enabling market participants to accelerate workflows, lower time to market, and capitalise on the transformativepotential of tokenisation. Fundnode is Singapore’s investments fund utility on blockchain, providing the funds ecosystem with a single platform for transaction management, funds processing, and record-keeping.
  • Inversis Spanish — At Inversis you will find solutions tailored and integrated with your business model.
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Elia Group
VC Fund · Brunelles, Centre, France · 2 investments in Belgium Impact startups

With a reliability level of 99.999 percent, Elia Group provides society with a robust electricity grid. We operate an electricity transmission system with voltage levels between 30 and 400 kilovolt (kV), and 50Hertz transports electricity over high-voltage levels of 150, 220 and 380 kilovolts (kV).

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Investment focus

  • Industry: Energy, Solar, Software
  • Stage:Seed, Series A, Private Equity
  • Geography: Belgium, Germany, Macedonia

Investor stats

  • Total investments: 4
  • Round size: Seed $3.4M–$4.5M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Enervalis — Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users.
  • re.alto energy — We ensure security of supply, serve our customers and protect the safety of our personnel and subcontractors. Discover how.
  • AE Solar Horizon — AE Solar Horizon operates as a manufacture of solar PV panels.
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Gogreen Capital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Impact startups

GoGreen Capital is a venture capital firm focused on the renewable sector, investing mainly in early-stage companies in Europe and North America.Recently established, GoGreen Capital is based in Brussels, Belgium and leverages a solid track record of investments made by its shareholders in the renewable industry for the last 15 years, notably ina leading solar thermal energy supplier.

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Investment focus

  • Industry: AgTech, Hardware, Agriculture
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Belgium, France

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $1.3M–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Force-A — FORCE-A designs, produces, and sells optical sensors for the assessment of physiological and health status of crops. It offers crop sensors for nondestructive assessment of leaf polyphenolics. The company also provides multiparameter noncontact sensors-based on leaves or fruits, and berries autofluorescence measurements. Its multiparameternoncontact sensor provides inputs for decision support systems for a range of crops, including fertilisation needs, weed infestation, crop diseases, and crop yield and quality forecast. The company was founded in 2004 and is based in Orsay, France.
  • Eclo — Eclo is an urban farm that grows exotic mushrooms, microgreens, and fragrant baby herbs.
  • Peas&Love (Urban farm Company SA) — Our mission is to help cities to become greener, more sustainable, more human. By installing our farms, we provide eco-systemic services to cities, improving their quality of life and creating social interactions. We want to extent our farms, and from there become the urban farming glocal leader; delivering a positive and healthy experience thatwill dramatically improve our clients lives.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 2 investments in Belgium Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 62
  • Round size: Seed $1.3M–$7.4M; Series A $1.6M–$34M
  • 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 — Revolutionizing drug discovery through AI-powered analysis of patient-derived models for breakthrough therapeutics in cancer and regenerative medicine.
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Chroma Impact Investment
VC Fund · Braine-l'alleud, Brabant Wallon, Belgium · 2 investments in Belgium Impact startups

Chroma Impact Investment is an investment firm that transition towards sustainable and renewable sources of energy production. As a company that invests in and develops industrial energy projects, Chroma acts as a catalyst for this transition.Their current geographic focus is in Europe and Africa.Their shareholders come from Belgian industrialfamilies who want to participate in the energy transition while contributing concretely to the development of meaningful projects with a positive social and environmental impact.

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Investment focus

  • Industry: Renewable Energy, Drones, Software
  • Stage:Seed, Series A
  • Geography: Kenya, Belgium

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Sitemark — Leverage AI-driven analytics, drone data, and automated workflows to optimize planning, construction, and operations across your entire solar portfolio.
  • Sistema.bio — Sistema.bio is a biodigester with biogas appliances. High efficiency biodigesters transform organic waste into renewable biogas.
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QBIC II
VC Fund · 2 investments in Belgium Impact startups

QBIC II

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Investment focus

  • Industry: Biotechnology, Industrial, Construction
  • Stage:Series B, Venture - Series Unknown, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 10
  • Round size: Series B $22M–$64M; Venture - Series Unknown $1.5M–$51M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • MRM Health NV — MRM Health NV, is a biopharmaceutical company focused on the discovery and development of innovative therapeutics based on the human microbiome. MRM Health was incorporated early 2020 by MRM Technologies, a Center of Expertise for microbiome research based in the biotech cluster in Ghent, in a joint venture with the Flemish Institute ofBiotechnology (VIB), an excellence-based entrepreneurial life sciences research institute in Flanders, Belgium, that focuses on translating basic scientific results into pharmaceutical, agricultural and industrial applications.
  • EyeD Pharma — We are EyeD Pharma, a clinical stage pharmaceutical company dedicated to improve the life of patients suffering from ophthalmic diseases.
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Nuhma
VC Fund · 2 investments in Belgium Impact startups

Namens de Limburgse gemeenten en Laakdal werken we aan duurzaamheid, energie en innovatie via gerichte participaties

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Investment focus

  • Industry: Battery, Software, GreenTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Solithor — Solithor is a company developing solid-state battery technology. It is spearheading the development, manufacturing, and commercialization of solid-state lithium (Li) battery cell technology to offer high-energy storage solutions.
  • Enervalis — Enervalis develops software that provides sustainable energy solutions for electric vehicles, buildings, and microgrids. The platform monitors available energy sources and users, and can predict future demand and supply of energy through ]weather forecasting, input from users, AI, and big data. Using this information it then distributes the energyto meet the needs of users.
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Airborn
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Belgium Impact startups

Airborn fund is investing in founders with impact

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Investment focus

  • Industry: Software, CleanTech, GreenTech
  • Stage:Pre-Seed
  • Geography: Belgium, United States

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $730k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Genvision — Genvision measures CO2 removal in nature. By analyzing satellite images of nature with AI, we are solving the world's biggest challenge in its transition to carbon neutrality.
  • ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
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Otium Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Impact startups

In 2015, two independant investment teams were created in Paris inside Otium Capital, Pierre-Edouard Stérin's family office:* Otium Venture, focused on Seed investments in Tech companies (€40m invested in 14 companies among which Payfit, Doctrine, Owkin...)* Otium Brands, focused on Seed & Series A investments in Consumer GoodscompaniesIn 2019, the two teams spun off to become independant investment firms:* Otium Venture became frst* Otium Brands became Eutopia

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Investment focus

  • Industry: Software, Health Care, E-Commerce
  • Stage:Seed, Series A
  • Geography: France, Spain, United States

Investor stats

  • Total investments: 105
  • Round size: Seed $968k–$7.2M; Series A $3.3M–$17M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $215M in 2015

Portfolio highlights

  • VSORA — VSORA provides high performance companion solutions combining AI and signal processing to enable autonomous driving and ADAS
  • 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.
  • Stratumn — Stratumn provides the finance departments of midsized and large companies with a SaaS solution that optimizes their end-to-end financial processes.
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ABB Ventures
VC Fund · Zürich, Zurich, Switzerland · 2 investments in Belgium Impact startups

Learn about ABB Ventures and our investments in transformative industrial technologies.

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Investment focus

  • Industry: Software, Energy, Robotics
  • Stage:Series B, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 74
  • Round size: Series A $3.3M–$20M; Series B $7M–$60M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Pratexo — Pratexo is the intelligent edge computing and distributed cloud platform for industry 4.0 accelerating time to design, test, and provision.
  • UptimeAI — Get precise answers for process anomalies with self-learning OEx solutions rooted in domain SME knowledge, alike the experts you know and trust.
  • LandingAI — LandingAI is on a mission to make the world's documents computable. Agentic Document Extraction helps enterprise developers build document automation pipelines at scale. Accurate, auditable, API-driven document AI.
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H&M Foundation - Global Change Award
VC Fund · 1 investments in Belgium Impact startups

WINNER CALL FILM The latest

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Investment focus

  • Industry: Textiles, Biotechnology, Recycling
  • Stage:Grant, Seed, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 24
  • Round size: Grant $20k–$216k
  • Lead/follow: 96% lead, 4% follow

Portfolio highlights

  • Nanoloom — Creating the biodegradable material of the future from graphene that will transform industries and propel them into the future.Nanoloom is a developer of graphene-based sustainable fabrics. It produces sustainable and biodegradable materials from BioHastalexTM, a nanocomposite copolymer based on functionalized graphene oxide. It also provideswaterproofing, providing a versatile and sustainable alternative to environmentally harmful textiles.
  • SXD — We create beautiful, 100% zero-waste designs that you'll never want to take off
  • ALGreen.Tech —
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Kima Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups

Kima Ventures promotes the growth of startups, supporting them in the fastest and most effective ways.

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Investment focus

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

Investor stats

  • Total investments: 719
  • Round size: Seed $650k–$5.5M; Pre-Seed $591k–$3.8M; Series A $1.2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Hoora — Hoora is a mobile gaming platform that offers an instant, scrollable feed of over 200 casual and arcade mini-games playable without downloads or waiting.
  • Klaimee — Certify your AI agent. Get guaranteed. Risk evaluation, certification badge, financial guarantee, and liability insurance for AI agents.
  • Shiplong — Shiplog gives every customer a live profile and decides the next best action in real time, so you expand, retain and grow revenue from the customers you already have.
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Nivelinvest
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 1 investments in Belgium Impact startups

Nivelinvest is a venture capital firm based in Belgium that finances seed stage investments of Small and Medium Enterprises.

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Investment focus

  • Industry: Biotechnology, iOS, Energy
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, United States

Investor stats

  • Total investments: 6
  • Round size: Series A $6.6M–$31M
  • Lead/follow: 0% lead, 100% 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.
  • A-Mansia Biotech — A-Mansia Biotech is a developer of products based on the properties of the Akkermansia muciniphila (A. muciniphila) bacterium. The company's nutritional supplement based on a gut bacterium called Akkermansia, the population of microorganisms housed in the gastrointestinal tract. A. muciniphila is located in the mucus layer covering theintestinal epithelium, which allows the bacterium to establish a close cross-talk with the host.
  • 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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Lean FUND
VC Fund · Louvain, Vlaams-Brabant, Belgium · 1 investments in Belgium Impact startups

Startups, increase your value by 3 within 9 months thanks to Power 3 by Leanfund (www.leanfund.com)!

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Investment focus

  • Industry: Internet, Apps, Software
  • Stage:Seed, Series B
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 12
  • Round size: Seed $66k–$384k
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Neveo — With one click, send photos and messages on a family newspaper that your senior will receive every month.
  • Supersec — Good to eat, good to think: discover the Supersec organic, healthy, artisanal and sustainable food treats available in bulk delivery!
  • Sortlist — Discover the most relevant agencies for your project based on your own specific requirements.
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DDM Holding AG
VC Fund · Baar, Zug, Switzerland · 1 investments in Belgium Impact startups

DDM Holding AG acquires and manages distressed asset portfolios with a focus on non-performing loans in Eastern Europe.

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Investment focus

  • Industry: Financial Services, Banking, FinTech
  • Stage:Pre-Seed, Post-IPO Debt, Corporate Round
  • Geography: Sweden, Austria, Belgium

Investor stats

  • Total investments: 5
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Anoto Group — INQ Group AB (publ), the company behind inq, the smart pen platform transforming handwriting into actionable digital data.
  • ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
  • Nordiska Kreditmarknadsaktiebolaget — Nordiska Kreditmarknadsaktiebolaget offer savings at market-leading interest rates and loans to enable our customers' business.
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Ventech
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups, 12 in the past 12 months

On-the-ground expert investors in early-stage digital. Ready to meet you, wherever you are.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 217
  • Round size: Seed $1.3M–$6.6M; Series A $3.6M–$15M; Series B $5.6M–$67M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely actively investing — fresh fund, raised $207M in 2025

Portfolio highlights

  • amber — info@amberoad.aiambeRoad is developing an intelligent enterprise search engine to help employees to find all relevant documents easily and quickly by integrating all company internal data sources into one search engine. Our solution allows access to all company-wide files from anywhere. Even if you don't exactly know what you are lookingfor, our cutting-edge AI will know because of a range of features implemented in our software.No need to tag documents manually, all in milliseconds - only one search request away.
  • Credoxys — Credoxys develops organic electronic materials for OLED displays, OLED lighting, organic photovoltaics, and sensors. Its portfolio includes dopants and transport materials designed to influence charge transport, optical transmission, power consumption, and energy generation in organic electronic devices. The company also develops materials forscale-up and customer-specific applications.
  • ENGO Eyewear — engo3 is a next generation heads up display built for endurance athletes. Instant, frictionless, hands free access to performance metrics with long battery life and an ultra lightweight form factor. Unlock your data, and experience an entirely new way to train and compete
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Edgard Vermeersch
Angel · Ghent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Impact startups

Edgard Vermeersch - Owner @ Itineris

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Investment focus

  • Industry: CRM, Energy, Software
  • Stage:Venture - Series Unknown
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Itineris — Our cloud-based solution is built on the Microsoft Dynamics 365 platform and is specifically designed to meet the needs of Utility businesses.
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Innogy Venture Capital
VC Fund · Essen, Nordrhein-Westfalen, Germany · 1 investments in Belgium Impact startups

Innogy Venture Capital is a fund management company in distributed energy solutions. The company focuses on investments in European startup companies that provide solutions and new business models shaping the future energy market. With a final closing size of EUR 115 million, the currently managed "Innogy Renewables Technology Fund I" isa leading early stage investor in this segment in Europe. The fund's sponsors are RWE Innogy and CEE Holding. RWE Innogy pools within the German utility RWE the expertise for construction and operation of renewable energy generation assets. CEE Holding is an investment company of Bankhaus Lampe Group, focusing on renewable energy generation.

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Investment focus

  • Industry: Energy, CleanTech, Renewable Energy
  • Stage:Series A, Series B
  • Geography: Germany, Sweden, United States

Investor stats

  • Total investments: 18
  • Round size: Series A $2.5M–$7.7M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $165M in 2010

Portfolio highlights

  • Enercast — enercast is a leading technology provider for weather-based artificial intelligence and the digital transformation of renewable energy. Its self-learning SaaS products deliver accurate power generation forecasts for wind and solar plants, thus enabling the integration of renewable energy into power grids and energy markets worldwide. The enercast platform supplies the digital actors of the emerging decentralized energy system with the intelligence they need to manage limited resources with foresight.
  • Heliatek — As tech-leader in organic photovoltaics, Heliatek develops, produces and distributes organic PV solutions for virtually any building surface
  • eSmart Systems — ESmart Systems provides AI-driven software solutions to the energy industry and service providers. The company is based on more than 20 years of international experience in establishing and operating knowledge based, leading IT and energy related companies targeting global markets.The company provides software solutions to the energy industry andservice providers. Its cloud-born platform is designed to handle and exploit the Internet of Things, Big Data and Analytics in real-time. Common to all applications is vast data quantities gathered from sensors, which are analyzed using advanced prediction and optimization models. This results in completely new ways of visualizing data, making decisions and saving resources and costs. The platform is designed for Big Data from the ground up without legacy.eSmart Systems originates from the renowned IFE environment (Institute for Energy Technology). The company was founded in 2012 by an experienced team previously responsible for large IT service exports including delivery of the world's first power exchange to Nord Pool, the Nordic Power Exchange, in 1991. Since 2012 the company has grown rapidly and currently consists of almost 80 employees with offices in Norway, Denmark, the UK, and USA.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Gesval
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium Impact startups

A limited company of the University of Liège (ULiege).

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Investment focus

  • Industry: Biotechnology, Medical, Software
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 5
  • Round size: Venture - Series Unknown $2.2M–$4.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Phasya — Phasya offers solutions for detecting drowsiness and measuring eye movements. These solutions are based on eye tracking technologies using eye images. Phasya also develops solutions for detecting various physiological and cognitive states such as stress, attention, cognitive load, and mind wandering.Phasya solutions can be used in variousapplications such as safety, medical diagnosis, and research. We have notably specific solutions and developments for driver monitoring applications.Indeed physiological and cognitive states such as drowsiness influence the ability of an individual to perform a task or to make a decision. Furthermore the measurement of ocular parameters enables one to understand the brain activity and gaze behavior.
  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
  • Hedera-22 — Explore the top online casino no verification withdrawal Australia sites. Fast payouts, crypto banking, and safe pokies at trusted no KYC casinos.
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Delaware
VC Fund · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Impact startups

Delaware is a global company that provides advanced technology solutions and services to clients to assist them with their business and digital transformations. It offers customers after-sales support to ensure continuity and continuous improvement. It uses a sustainable business model that is unique and is part of a long-term vision from allperspectives.

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Investment focus

  • Industry: SaaS, Software, Waste Management
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • FixForm — At FixForm, we aim to keep spaces and buildings in good, safe and clean condition. Our platform allows everybody to report problems with just the snap of a picture. Simplify your maintenance today and become part of the FixForm community.
  • Ventory — Ventory is an affordable, intuitive, and easy-to-use platform that gives field professionals full visibility and real-time control over remote inventory.
  • ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
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Inventures SA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Impact startups

Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses.The firm has two funds: Inventures I & Inventures II.Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs.Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest.

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Investment focus

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

Investor stats

  • Total investments: 50
  • Round size: Seed $67k–$2.1M; Series A $422k–$14M; Series B $165k–$21M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • BiOceanOr — BiOceanOr harnessed the power of Marine Biology and AI to deliver bio-guided services that optimize fish welfare and fish growth, while supporting aquaculture sustainability standards
  • myskillcamp — Myskillcamp is a digital learning platform and educational design support service. Myskillcamp supports their customers in the digital transformation of their company and the launch of their Digital Learning project. From the audit of needs to the design of engaging educational devices, through a pilot phase, they make a point of honor to adapt thedigital to the specificities of each and give it meaning.With their online platform, businesses can manage their learner communities and connect all their partners in one place. Their tool also allows businesses to structure training spaces by skills, trades, brands within camps. In parallel, businesses can create educational content from scratch, select a map in their marketplace, or plan sessions in-class. Businesses can organize the distribution of their training to a single learner or to a whole group.
  • Octave — Optimize energy use with Octave's battery storage (BESS) and energy management system (EMS). Reduce costs, increase flexibility.
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GREEN.er Fund
VC Fund · 1 investments in Belgium Impact startups

GREEN.er Fund works towards the diversification of the sales outlets for raw materials derived from the recycling of used tyres.

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Investment focus

  • Industry: Recycling, Waste Management
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • RISORCE — RISORCE fills a need in Belgium for local solutions for processing tire waste while remaining dedicated to a circular economy strategy. We provide a regionally-based, technologically and environmentally sound solution.
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Apic Investments
VC Fund · Berlin, Berlin, Germany · 1 investments in Belgium Impact startups

Apic Investments is an early-stage focused Venture Capital, investing in PropTech and RetailTech companies. Apic Investments' goal is to help build start-ups and to accelerate their business models with capital, industry expertise, and a network.

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Investment focus

  • Industry: Real Estate, Software, Big Data
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Germany, Austria, Belgium

Investor stats

  • Total investments: 18
  • Round size: Seed $2.3M–$7.1M; Series A $3.9M–$15M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Cosuno — Cosunos vision is to connect all players of the construction industry, transforming their collaboration to drive efficiency through software and best customer experience.Cosuno is evaluating how general contractors, property developers and architects can master the challenges posed by high process costs and a lack of transparency in theprocurement of subcontractors. And this is just the beginning. Cosuno is constantly driving change in the construction industry with innovative methods and digital processes by developing and continuously improving simple and transparent solutions.
  • Evernest — Evernest has developed a technology platform for real estate agents to make the entire process of residential real estate transactions more efficient. With the help of its full-service brokerage platform, smart marketing services and digitized support processes, Evernest offers a transparent and personalized experience for agents as well asproperty buyers and sellers. Founded in late 2019, currently more than 100 people are working for Evernest in Hamburg and Berlin, Germany.
  • Storebox — Storebox is the first fully digitized self-storage solution in Europe, with more than 140 locations in Austria, Germany, Switzerland and Luxembourg. We offer storage spaces for private and business purposes, which are automatically accessible at any time. With our successful and recently awarded franchise system, we manage to grow and will continueto expand within Europe.Storebox is more than just a self-storage system. FULL-SERVICE CLICK & COLLECT Click & Collect directly in your neighbourhood? Storebox allows you to quickly and easily expand the Click & Collect offer for your customers to new districts, cities and countries. We coordinate the transport and customer communication for you.MICRO-HUBS FOR THE LAST MILE Use central warehouse locations in urban areas as a starting point for the last mile. Storebox as a micro-depot offers you the fastest way to your customers, allowing you to save time, money and emissions. Customer proximity and responsiveness through local storage: Benefit from our strategically positioned storage units and serve the needs of your customers as quickly as possible. At the same time, you can reduce unnecessarily driven kilometres by your employees in the field and thus save time and money.SPARE PARTS WAREHOUSE FOR SERVICE TECHNICIANS With Storebox you can store spare parts and goods directly where they will be used. In this way, you are in close proximity to the customer and save yourself long travel times for collecting the materials from a central warehouse. Create more efficiency by receiving deliveries of goods 24/7 directly to the Storebox and returning them if necessary.
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General Motors Ventures
VC Fund · Warren, Michigan, United States · 1 investments in Belgium Impact startups

GM Ventures combines investing in automotive-related tech startups with General Motors support to drive innovation and advance the future of mobility.

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Investment focus

  • Industry: Automotive, Software, Energy
  • Stage:Series A, Series C
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 118
  • Round size: Series A $10M–$30M; Series C $20M–$65M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Nanoramic Laboratories — Nanoramic Laboratories develops energy storage technologies and materials, centering on its proprietary Neocarbonix electrode platform. The company provides an electrode solution that substitutes traditional PVDF binders and N-methylpyrrolidone solvent with a conductive 3D carbon binding structure, enabling lithium-ion batteries that offer greaterenergy density, faster charging, reduced manufacturing energy, and improved recyclability. The technology integrates seamlessly into existing manufacturing processes, supporting various battery applications, from electric vehicles to consumer electronics and stationary storage. Nanoramic also offers ultracapacitor and thermal interface products derived from its advanced carbon materials expertise, supporting enhanced power delivery and heat management in diverse uses.
  • Forge Nano — Forge Nano is a world leading materials science company. Working across industries around the world, we are harnessing the power of Atomic Armor, our proprietary nanocoating technology, to accelerate manufacturing innovation, transform product performance and achieve a more sustainable future for us all.
  • Peak Energy — Sodium-ion Energy Storage at Gigascale
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium Impact startups

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

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Investment focus

  • Industry: Software, Analytics, Information Technology
  • Stage:Seed, 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
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Eutopia VC
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups

Eutopia is a fund for consumer startups. We back founders who are rethinking the way we eat, shop, sleep and feel. We are backing 26 startups

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Investment focus

  • Industry: E-Commerce, Retail, Food and Beverage
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: France, Belgium, Denmark

Investor stats

  • Total investments: 16
  • Round size: Seed $2.4M–$10M; Series A $4M–$48M; Venture - Series Unknown $1.3M–$9.4M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $45M in 2019

Portfolio highlights

  • Bastille — Bastille is a brand of urban bicycles. The Astir brand is synonymous with folding bicycles. The primary quality constraint Bastille, a British designer, aims to create a folding motorcycle with standard wheels rather than the mini 16-inch wheels that are traditionally associated with folding bikes.
  • Moderato — Moderato is a retail and wholesale company that manufactures and supplies a range of beverages online to various sectors.
  • SPRiNG Collective — SPRiNG is a consumer goods company that offers clean and efficient laundry and cleaning products, delivered in a 100% plastic-free box and directly in the mailbox. The company is headquartered in Paris, Ile-de-France, France by Philippe Cantet, Laure Favre, and Ben Guerville in 2017.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 1 investments in Belgium Impact startups

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

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Investment focus

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

Investor stats

  • Total investments: 121
  • 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

  • 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.
  • Trillium Renewable Chemicals — Trillium Renewable Chemicals manufactures chemicals from renewable feedstocks used in a variety of industrially important applications. The company was founded in 2021 and based in Knoxville, Tennessee.
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Wallonie Entreprendre
VC Fund · 1 investments in Belgium Impact startups

Your partner ! WE is Wallonia's economic and financial tool at the service of businesses. We provide the means necessary for the development of activity in all sectors. Our investments and financing respond to a logic of creation, growth, transmission or relaunch of companies. We ensure compliance with social and environmental standards.

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Investment focus

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

Investor stats

  • Total investments: 3
  • Round size: Series A $13M–$29M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Axithra — Axithra provides therapeutic medication monitoring and measures beta-lactam antibiotic concentrations in blood.
  • RISORCE — RISORCE fills a need in Belgium for local solutions for processing tire waste while remaining dedicated to a circular economy strategy. We provide a regionally-based, technologically and environmentally sound solution.
  • AbolerIS Pharma — AbolerIS Pharma aims to develop novel and unique therapeutic approaches to induce immune tolerance.
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AFI Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups

Alliance For Impact (AFI) is a category-defining structure for impact companies combining equity-free acceleration with first-ticket seed funding.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, GreenTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, Belgium, Germany

Investor stats

  • Total investments: 47
  • Round size: Seed $1.5M–$7.8M; Pre-Seed $588k–$3.8M; Series A $3.5M–$11M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $28M in 2020

Portfolio highlights

  • Ed.ai — Ed AI provides an AI platform for automated grading, feedback, and personalized learning materials in education.
  • Bohr Energy — Bohr Energy is an artificial intelligence firm that aims to make the energy market accessible to independent producers.
  • Nepsis — AI-powered software and debt advisory for renewable energy developers. Modern financing solutions for small & medium renewable projects.
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Aperam Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Belgium Impact startups

Aperam Ventures, a subsidiary of the steel company Aperam Group

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Investment focus

  • Industry: CleanTech, Manufacturing, Renewable Energy
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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AXE Investments N.V.
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Belgium Impact startups

AXE Investments is a joint venture between the holding companies Anacom and Ackermans & van Haaren and is part of the AXE Group

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Investment focus

  • Industry: Energy, Recycling, Clean Energy
  • Stage:Venture - Series Unknown
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • REstore — REstore is the award-winning energy technology company, specialized in Demand Side Management and leading the fast-growing European Primary Reserve / Frequency control market, and operates in all ancillary services and capacity markets in France, UK, Germany and Benelux. FlexPond™. REstore's AI-platform, is used by +150 of the largestC&I consumers and the largest top 50-utilities. FlexTreo™, offered to large C&I consumers, is REstore's latest solution to monetise flexibility.
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invest.bw
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 1 investments in Belgium Impact startups

invest.bw is a venture capital firm.

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Investment focus

  • Industry: Health Care, Neuroscience
  • Stage:Seed
  • Geography: United States

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • BiocSol — BiocSol focus on sustainable microbial-based crop protection.
  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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Creos Luxembourg
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Belgium Impact startups

Creos Luxembourg is the operator of electricity networks and natural gas pipes in Luxembourg.

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Investment focus

  • Industry: Power Grid, Renewable Energy, Intelligent Systems
  • Stage:Series C, Venture - Series Unknown
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
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Finindus
VC Fund · Zelzate, Oost-Vlaanderen, Belgium · 1 investments in Belgium Impact startups

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

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Investment focus

  • Industry: Manufacturing, Industrial, Renewable Energy
  • Stage:Series A, Seed
  • Geography: Belgium, United States, Sweden

Investor stats

  • Total investments: 35
  • Round size: Seed $1.3M–$5.4M; Series A $3.4M–$27M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Ventory — Ventory is an affordable, intuitive, and easy-to-use platform that gives field professionals full visibility and real-time control over remote inventory.
  • Immaterial — Facilitating the energy transition with advanced materials.
  • Tretau — E-mobility is powered by its core - the electric motor. We at Tau are at the very core of the core: the copper winding wire, the magnetic core, the electrical steel.We just make it bet.
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European Union
VC Fund · 1 investments in Belgium Impact startups

The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe.

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Investment focus

  • Industry: Banking, Fashion, Security
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Resortecs — Resortecs is an award-winning start-up that develops heat-dissolvable stitching threads and thermal disassembly systems that make textile recycling easy.
  • ICARE Technologies — ICARE has developed a secured contactless identification ring. It integrates certification EMVCo 1 and 2 and EL5+. Ring includes 7-patented security systems such as owner recognition, wave emission control and is fully autonomous. Several PoCs are being prepared with world leading security and banking companies.
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Olivier Coune
Angel · 1 investments in Belgium Impact startups

Olivier Coune

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Investment focus

  • Industry: Outdoors, Software, Lifestyle
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Round size: Seed $403k–$883k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fishtripr — Fishtripr is on a mission to bring more people to the outdoors, fostering a deeper connection with nature. We want to change the story of recreational fishing through purveying the market's essential storytellers, brands, destinations, and resources, displayed in a way that magnifies the beauty of this extraordinary lifestyle and modernise itsperception.

With Fishtripr, now you can easily discover the best fishing experiences worldwide. From private fisheries to guides and lodges, we're the most comprehensive guide to travel fishing in Europe. Connect local fishing guides with anglers online is an entirely new way to experience recreational fishing and Fishtripr is at the forefront of the movement.
  • Big Bad Wolf — Big Bad Wolf is a brand-tech agency employing 30 digital experts. We help innovative businesses shape the future of their brand experience through digital transformation of their services, products and communication. We see Virtual Reality, Augmented Reality, Computer Vision, Machine Learning and Natural Interfaces as new opportunities to redesignand improve business-to-consumers interactions.We believe in a future where customer to brands relationships are redefined by the value they will create for each other through a meaningful use of technology.With more than 10 years of cutting-edge audiovisual know-how and emerging media expertise, we leverage on 3D digital content and spatial computing to help organizations release their full potential.
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PDENH
VC Fund · Xhendelesse, Liege, Belgium · 1 investments in Belgium Impact startups

ROM InWest helpt innovatieve ondernemers bij de groei en ontwikkeling van hun startup, scale-up of mkb-bedrijf.

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Investment focus

  • Industry: Energy, Manufacturing, Renewable Energy
  • Stage:Venture - Series Unknown, Seed
  • Geography: The Netherlands, Belgium

Investor stats

  • Total investments: 39
  • Round size: Venture - Series Unknown $1.4M–$53M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • MX3D — MX3D develops and licenses large scale robotic 3D printing technology. They are considered industry leader by their peers and an inspiration to all those new to 3D printing big in metal with wire arc additive manuacturing (WAAM).The company sells a complete turnkey solution integration sensors, software, robot and welding equipment in one product.MX3D licenses a complete, end 2 end software stack, MetalXL, which includes CAM, feasibility check, tool path planning, active monitoring and data logging. MetalXL is dedicated to WAAM and is easy to use. MX3D also bult parts in house for clients that are considering buying a machine.
  • Asperitas — Asperitas is a clean-tech company focused on greening the datacentre industry by introducing Immersed Computing. Since 2014 Asperitas has worked on validating and developing Immersed Computing® as a unique approach to the datacentre industry. Building on existing liquid immersion cooling technologies by adding integration of power and networkcomponents, improving cooling physics with a strong focus on design and engineering for usability, Asperitas has come up with a complete and integrated solution which can be effectively utilised in most, if not all situations.
  • Dexter Energy Services — Dexter helps asset-backed renewable traders maximize profits through accurate forecasts and price insights, day-ahead to real time.
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Alychlo
VC Fund · 1 investments in Belgium Impact startups

Alychlo

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Investment focus

  • Industry: CRM, Energy, Rental
  • Stage:Series D, Venture - Series Unknown, Series A
  • Geography: Belgium, United States

Investor stats

  • Total investments: 9
  • Round size: Series D $30M–$32M; Venture - Series Unknown $12M–$18M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Lizy — Goedkoper tweedehands leasen. LIZY is uw referentieplatform voor onmiddellijk beschikbare autoleasing. | Lize Leasing
  • banqUP — the all-in-one digital platform for businesses of any size
  • miDiagnostics — miDiagnostics is developing a comprehensive menu of syndromic tests for screening, diagnosis and monitoring of a wide range of health conditions.
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Impact Investor funding in Belgium at a glance

Stats across 102 deals from 149 investors.

149
investors
in Belgium Impact startups
102
deals
in Belgium Impact startups
$2.6M
median round
in Belgium Impact startups
40%
lead investors
lead at least one round
25%
Seed
most common funding stage
97/3
VC / Angel
share of investor count

Access all 149 investors in Belgium Impact startups.

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