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Top 50 Impact Startup Investors in Belgium (August 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 Pre-Seed, Seed or Series A 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 $494k–$11M
PMV
VC Fund
5 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$42M
Innovation Fund
VC Fund
5 Belgium, France, Luxembourg Seed, Series A Health Care, Manufacturing, Biotechnology $329k–$6M
Gemma Frisius Fund
VC Fund
4 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Medical, Health Care $634k–$84M
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, Series A Software, Music, Information Technology $200k–$12M
Seeder Fund
VC Fund
3 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$8M
Meusinvest (Noshaq)
VC Fund
2 Belgium, France, Germany Series A, Seed, Series B Biotechnology, Health Care, Medical $137k–$31M
ABB Ventures
VC Fund
2 United States, United Kingdom, Canada Series B, Series A Software, Energy, Robotics $3M–$60M
Korys
VC Fund
2 Belgium, The Netherlands, Germany Series B, Series A Biotechnology, Renewable Energy, Information Technology $4.4M–$50M
Euroclear
VC Fund
2 United Kingdom, Spain, France Corporate Round, Series A, Series B Financial Services, Finance, FinTech
Elia Group
VC Fund
2 Belgium, Germany, Macedonia Seed, Series A, Private Equity Energy, Solar, Software $3.4M–$4.4M
Gogreen Capital
VC Fund
2 Belgium, France Seed, Series A AgTech, Hardware, Agriculture
Finance.Brussels
VC Fund
2 Belgium, France Seed, Series A, Series B Software, Information Technology, SaaS $1.5M–$15M
Nuhma
VC Fund
2 Belgium Seed, Series A 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 $1.2M–$17M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
2 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
WE International
VC Fund
2 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
Qbic Fund
VC Fund
2 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $906k–$28M
H&M Foundation - Global Change Award
VC Fund
1 India, United States, United Kingdom Grant, Seed, Pre-Seed Textiles, Recycling, Biotechnology $20k–$216k
Chroma Impact Investment
VC Fund
1 Belgium Series A Drones, Software, Aerospace
AMAVI Capital
VC Fund
1 France, Sweden, Spain Series A, Venture - Series Unknown, Seed Real Estate, Information Technology, Software $1.2M–$21M
Kima Ventures
VC Fund
1 France, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $589k–$16M
Nivelinvest
VC Fund
1 Belgium, United States Series A, Seed Biotechnology, iOS, Sports $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
Ark Angels Activator Fund
VC Fund
1 Belgium Series A, Seed Software, Information Technology, SaaS $932k–$4.9M
Ventech
VC Fund
1 France, Germany, United States Series A, Series B, Seed Software, E-Commerce, Internet $1.2M–$68M
Climate Club
VC Fund
1 France, Belgium, Germany Seed, Pre-Seed Renewable Energy, Software, Manufacturing
Noshaq
VC Fund
1 Belgium Pre-Seed Battery, Electric Vehicle, Charging Infrastructure
Edgard Vermeersch
Angel
1 Belgium CRM, Energy, Software
imec.istart Future Fund
VC Fund
1 Belgium, United Kingdom Seed, Pre-Seed, Series A Health Care, Medical Device, Satellite Communication $1.2M–$5.7M
Montan-Ventures-Saar
VC Fund
1 Germany, Sweden, Belgium Seed, Venture - Series Unknown Software, Internet of Things, Sales
PMV Tina Fund
VC Fund
1 Belgium, Switzerland, The Netherlands Series A, Series D, Series E Manufacturing, Eyewear, Printing
Noman Ahmed
Angel
1 Belgium Pre-Seed Software, CleanTech, Smart Cities
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 Seed, Series C Medical, Software, Wellness
Entourage
VC Fund
1 Belgium Seed B2B, Analytics
Spri
VC Fund
1 Spain Seed Real Time, Automotive, Clean Energy
Lune Ventures
VC Fund
1 Belgium Pre-Seed CleanTech, Manufacturing, Renewable Energy
Seed Capital Bizkaia
VC Fund
1 Spain, Mexico, Belgium Seed, Series A Software, Biotechnology, Manufacturing
Delaware
VC Fund
1 Belgium Seed, Pre-Seed, Venture - Series Unknown SaaS, Software, Waste Management
Aperam Ventures
VC Fund
1 Belgium Pre-Seed CleanTech, Manufacturing, Renewable Energy
Inventures SA
VC Fund
1 Belgium, France, United Kingdom Series A, Seed Health Care, Biotechnology, Manufacturing $82k–$14M
invest.bw
VC Fund
1 United States Seed Health Care, Neuroscience
Creos Luxembourg
VC Fund
1 Belgium Series C Renewable Energy, Intelligent Systems, Electrical Distribution
Finindus
VC Fund
1 Belgium, United States, Sweden Series A, Seed Manufacturing, Industrial, Renewable Energy $1.3M–$27M
European Union
VC Fund
1 Belgium Pre-Seed Fashion, Textiles, CleanTech
GREEN.er Fund
VC Fund
1 Belgium Series A Recycling, Waste Management
Access all 139 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: 97
  • Round size: Seed $494k–$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 · 5 investments in Belgium Impact startups, 12 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: 156
  • Round size: Seed $1M–$3.8M; Series A $2.7M–$40M; Series B $6.6M–$42M
  • Lead/follow: 22% lead, 78% 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, Biotechnology
  • Stage:Seed, Series A
  • Geography: Belgium, France, Luxembourg

Investor stats

  • Total investments: 31
  • Round size: Seed $329k–$6M; Series A $2.2M–$5.7M
  • 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.
  • Iristick — Iristick smart glasses are the most balanced and lightweight on the market. A phone-tethered, comfortable hands-free solution for the deskless workforce.
  • Proceedix — Proceedix is a Software as a Service-based central platform to manage enterprise procedures, work instructions and checks in an easy way, while making the remote execution paperless and mobile. With Proceedix you can run your company's procedures, work instructions and checks anytime, anywhere, on Android Phone, tablet and Google Glass.
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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, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 40
  • Round size: Seed $634k–$4.6M; Series A $932k–$84M; Series B $4.7M–$24M
  • Lead/follow: 10% lead, 90% 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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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 $622M 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.
  • NovoPolymers — NovoPolymers NV is a company, with the vision and mission to develop and produce sustainable solutions for primarily the photovoltaic market.
  • Kinaset Therapeutics — Kinaset Therapeutics is a therapeutics company that focuses on the advancement of novel drugs in areas of unmet medical needs. The company was founded in 2020 and is headquartered in Medfield, Massachusetts.
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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, Series A
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $200k–$2M; Series A $247k–$12M
  • Lead/follow: 28% lead, 72% 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.
  • CityLegends — A home for urban sports & culture partners of CityLegends. Making the lines.
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Impact startups, 8 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: 37
  • Round size: Seed $384k–$2.6M; Pre-Seed $212k–$2.4M; Series A $3.3M–$8M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Adomate — Adomate helps performance teams turn customer signals, competitor insights, and brand data into on-brand ad concepts with AI workflows they build and control.
  • Visiblie — Track and optimize your brand across ChatGPT, Claude, Gemini, and Perplexity. Monitor AI mentions, analyze competitors, and grow AI search visibility.
  • Kando — Voice & Visual assistant and software for caregiver
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 2 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, Series B
  • Geography: Belgium, France, Germany

Investor stats

  • Total investments: 78
  • Round size: Seed $137k–$6M; Series A $3.6M–$16M; Series B $680k–$31M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • TrustUp — TrustUp is the home contractors platform, connects homeowners with verified quality home improvement.
  • 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).
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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: 73
  • Round size: Series A $3M–$20M; Series B $7M–$60M
  • Lead/follow: 44% lead, 56% 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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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 2 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, Information Technology
  • Stage:Series B, Series A
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 48
  • Round size: Series A $4.4M–$13M; Series B $6.4M–$50M
  • 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!
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, Finance, FinTech
  • Stage:Corporate Round, Series A, Series B
  • Geography: United Kingdom, Spain, France

Investor stats

  • Total investments: 10
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • Proxymity — Announcing our Newest Partnership
  • Marketnode — Marketnode, backed by Euroclear, HSBC, SGX Group and Temasek, is APAC's trusted and neutral digital market infrastructure
  • 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–$4.4M
  • 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:Seed, Series A
  • Geography: Belgium, France

Investor stats

  • Total investments: 4
  • 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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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 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, Series B
  • Geography: Belgium, France

Investor stats

  • Total investments: 25
  • Round size: Seed $1.5M–$5.4M; Series A $2.3M–$7M; Series B $3.4M–$15M
  • Lead/follow: 20% lead, 80% 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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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
  • 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: 99
  • Round size: Seed $1.2M–$7.2M; Series A $3.3M–$17M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — raised $204M in 2015

Portfolio highlights

  • PayFit — Simplify payroll with UK payroll software that automates tasks, saving time and reducing stress.
  • Comet — Comet is a platform that connects organisations with skilled independent consultants in technology, data, and AI. It enables companies to access expertise for digital projects by combining talent screening with AI-powered matching. It also fosters innovation through its AI lab, supporting businesses in navigating complex technologicaltransformations.
  • Source{d} — source{d} provides the technology for large-scale code analysis and machine learning on code.
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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 $261k–$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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WE International
VC Fund · Liège, Liege, Belgium · 2 investments in Belgium Impact startups, 7 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: 23
  • Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • VolitionRx — We are dedicated to revolutionizing the diagnosis and monitoring of life-altering diseases by advancing the science of epigenetics.
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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: 61
  • Round size: Seed $1.3M–$7.4M; Series A $906k–$28M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $57M 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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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, Recycling, Biotechnology
  • Stage:Grant, Seed, Pre-Seed
  • Geography: India, United States, United Kingdom

Investor stats

  • Total investments: 23
  • Round size: Grant $20k–$216k
  • Lead/follow: 96% lead, 4% follow

Portfolio highlights

  • SXD — We create beautiful, 100% zero-waste designs that you'll never want to take off
  • Tereform — Tereform is a company that operates in the chemical engineering, manufacturing, and recycling industries. The company's mission is to enable textile-to-textile recycling, addressing the issue of textile waste. Tereform combines various technologies and processes to achieve this goal. The company is particularly focused on promoting circularitywithin the fashion and textile industries, aiming to reduce the environmental impact of these sectors.
  • ALGreen.Tech
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Chroma Impact Investment
VC Fund · Braine-l'alleud, Brabant Wallon, Belgium · 1 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: Drones, Software, Aerospace
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% 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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AMAVI Capital
VC Fund · Eke, Oost-Vlaanderen, Belgium · 1 investments in Belgium Impact startups

AMAVI is an independent and dedicated Pan-European investor established to support growth of the leading and most promising companies active in the PropTech industry, with a geographical focus on the Benelux, Nordics, Germany, Switzerland and France. AMAVI aims to create a bridge between the traditional real estate industry on the one hand and themost groundbreaking European PropTech companies on the other hand, by leveraging on its combined expertise and network from the real estate, technology and private equity industry. AMAVI partners with the world-shapers, creating companies that radically change the places we live, work and relax in today.

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Investment focus

  • Industry: Real Estate, Information Technology, Software
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: France, Sweden, Spain

Investor stats

  • Total investments: 16
  • Round size: Series A $5.9M–$21M; Venture - Series Unknown $1.2M–$5.8M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2021

Portfolio highlights

  • Cintoo — Cintoo is essential for BIM to bridge the gap between your physical and virtual worlds.
  • HolaCamp — HolaCamp is a campsite operating company focused on enhancing value to traditionally owner-managed businesses through digitalization and investment with extensive experience in glamping tent distribution for major events, joined the project.
  • Leko Labs — LEKO LABS is accelerating the global transition to carbon negative construction with building materials powered by AI optimisation and robotic manufacturing.
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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: 633
  • Round size: Seed $600k–$6M; Pre-Seed $589k–$3.8M; Series A $1.2M–$16M
  • Lead/follow: 8% lead, 92% 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.
  • 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.
  • Explora Project — Explora Project is specializing in adventure travel and expeditions to the 4 corners of the planet and all environments.
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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, Sports
  • Stage:Series A, Seed
  • 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 — Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly forms solutions for efficient capture, transmission and storage of datawithin different business segments, e.g. healthcare, bank and finance, transport and logistics and education.
  • 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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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Impact startups

Ark Angels Activator Fund SA is a closed venture capital fund (closed-end private equity investment fund) with a capital of 14.8 M EUR. The Fund is recognized as ARKIV and has obtained the status of Private Privak under Belgian law. The Fund is managed by a management company set up by BAN Vlaanderen VZW, ING Belgium & the two fund managers.The Fund initially acted primarily as a co-investor in investments made by business angels who are members of BAN Vlaanderen, but then also co-invested with other capital providers. It focuses not only on investments in young growth companies, but also on companies in the growth or transfer phase with an operating office in Flanders,

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 20
  • Round size: Seed $932k–$1.6M; Series A $1.2M–$4.9M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Apicbase — Apicbase is a F&B management platform that gives you total visibility of your back of house so you can grow without compromise.
  • waylay — Waylay is a leading Enterprise IT-OT digital unification software company delivering low-code based orchestration, automation and analytics software solutions. Waylay has a passion for supporting enterprises on their IoT automation journey and ensuring it puts all valuable data to work for developers, data scientists and domain experts.
  • Accelleran — Accelleran is pioneering a disruptive approach to the delivery of cost-effective, carrier and mission-critical grade TDD and FDD Small Cell networks through its focus on software quality and partnerships with volume manufacturers.Accelleran provides LTE Small Cell software and LTE Small Cell product solutions which address the real-worldchallenges of volume deployment of Small Cells. We offer turnkey solutions and unique experience on the challenges of integrating cellular technology on low cost, yet powerful platforms and architectures. Accelleran offers its customers solid and dependable system solutions, backed by the support of our unparalleled expertise.Accelleran’s technology is genuinely independent from any HW platform and enables operators to invest once in the integration and validation of a common software base that can be deployed across different segments, platforms and Small Cell architectural approaches to enable a truly integrated HetNet.
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Ventech
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups

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: 203
  • Round size: Seed $1.2M–$6.6M; Series A $3.8M–$18M; Series B $5.6M–$68M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Botify — Search engines miss about half the content on enterprise websites. Uncover those hidden opportunities with Botify, the leading enterprise SEO platform!
  • Crobox — Crobox's next generation guided selling solution humanizes your product data and discovery experience with product finders and product data enrichment.
  • mediarithmics — A sustainable and privacy-first next-Gen Data Platform to deliver advanced use cases for leading retail, media and broadcast players. We also provide you with the most advanced solutions for a cookieless and compliant future.
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Climate Club
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups

Made with Softr, the easiest way to turn your data into portals and internal tools.

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Investment focus

  • Industry: Renewable Energy, Software, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium, Germany

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • Moea — MOEA recrute ! Consultez toutes nos offres d'emploi (CDI, CDD) ainsi que toutes nos offres de stage et postulez en ligne.
  • PULSETRAIN — Pulsetrain is the only company with a driving Multilevel demonstrator. Tech that moves, not just talks. AC Multilevel for construction machines. Ultra-high-power DC for next-gen vehicles. Game-changing. Let’s roll.
  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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Noshaq
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium Impact startups

The province's economic redistribution and development are facilitated by the Noshaq group.

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Investment focus

  • Industry: Battery, Electric Vehicle, Charging Infrastructure
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Pleevi — AI powered smart charging to charge fleet more cost-efficient and cleaner on professional sites
  • ARK Capture Solutions — ARK Capture Solutions is a cleantech company that specializes in decarbonization solutions to record low energy consumption.
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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
  • 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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imec.istart Future Fund
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Belgium Impact startups

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.

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Investment focus

  • Industry: Health Care, Medical Device, Satellite Communication
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $1.2M–$5.7M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • EDGX — EDGX, founded in 2023 in Ghent, is a Belgian Space Tech company developing high-speed edge computing units for satellites. Its NVIDIA-powered Sterna Computer and SpaceFeather software enable real-time, AI-driven on-orbit data processing for applications in communication, Earth observation, and intelligence.
  • nxgsat — through software-defined satellite communication modems based on the 3GPP 5G NR NTN standard
  • OnTracx — OnTracx combines wearable technology and intelligent load management software to support runners and professionals to avoid running injuries & return to run safely.
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Montan-Ventures-Saar
VC Fund · Saarbrücken, Saarland, Germany · 1 investments in Belgium Impact startups

Montan-Ventures-Saar is a venture capital firm.

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Investment focus

  • Industry: Software, Internet of Things, Sales
  • Stage:Seed, Venture - Series Unknown
  • Geography: Germany, Sweden, Belgium

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • emlen — With emlen, B2B organizations can create intelligent & personalized buying experiences, that feel like B2C.
  • NIFTEE — NIFTEE.EU is Europe's auction house for exclusive and hand-curated NFT art from today's most relevant artists. Niftee provides a well-known online buying experience and has created a previously unheard-of marketing opportunity.
  • Crosser — Low Code Platform, purpose-built for real-time processing of streaming data for Industrial IoT and Intelligent Workflows.
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PMV Tina Fund
VC Fund · 1 investments in Belgium Impact startups

PMV Tina Fund is a venture capital firm that specializes in growth capital investments.

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Investment focus

  • Industry: Manufacturing, Eyewear, Printing
  • Stage:Series A, Series D, Series E
  • Geography: Belgium, Switzerland, The Netherlands

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Borit — Borit delivers components for fuel cells and electrolyzes. By developing a production infrastructure of ultra-thin metal bipolar plate assemblies and by providing metal forming, cutting, welding, coating, and sealing, they contribute to the clean energy economy.
  • Biocartis — Biocartis is an innovative molecular diagnostics company committed to revolutionize molecular testing with its unique proprietary IdyllaTM platform. We provide next generation diagnostic solutions aimed at improving clinical practice for the benefit of patients, clinicians, payers and the healthcare industry, with a focus on oncology.
  • Luxexcel — Luxexcel is the only company in the world with the technology to 3D print lenses. Luxexcel is on a path to open a new era in eyewear with custom quality prescription lenses. And opening up a new vision on smart eyewear by enabling technology partners to develop unique lenses. Luxexcel has developed and owns all components necessary to enable ourcustomers to 3D print optics: hardware, software, process and materials
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Noman Ahmed
Angel · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Impact startups

Noman Ahmed is a Founder, CEO & CTO at SmartEnds. He Attended Karlsruhe Institute of Technology (KIT).

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Investment focus

  • Industry: Software, CleanTech, Smart Cities
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

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

Portfolio highlights

  • SmartEnds — At BrighterBins we produce cost-effective smart sensors for municipal waste pickup. Our smart sensors prevent overflowing bins keeping cities clean and collect data enabling route optimization for waste pickup trucks. This means less heavy traffic, less CO2 emissions, and greener cities.
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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: 17
  • Round size: Series A $2.5M–$7.7M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $135M 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 the technology leader in organic photovoltaics, Heliatek develops, produces and distributes industrial-grade organic PV solar solutions for virtually any building surface (horizontal, vertical, curved, rigid, and flexible). Heliatek stands for energy solutions designed for various traditional and never been possible before applications based onits unique features – it is ultra-light, flexible and truly green. HeliaSol® is a ready-to-use solution, ideal for retrofitting on existing building structures. HeliaFilm® is tailor-made solar film for companies in the building and construction material industry, to integrate into their façade or roof system products. Heliatek currently employs about 160 people at the Dresden and Ulm locations in Germany.The Free State of Saxony, the Federal Republic of Germany, and the European Union funded research and development, as well as the installation of the production technology.
  • 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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Gesval
VC Fund · 1 investments in Belgium Impact startups

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

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Investment focus

  • Industry: Medical, Software, Wellness
  • Stage:Seed, Series C
  • Geography: Belgium

Investor stats

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

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 — Hedera-22 expanded its scope to include the identification of natural products through the use of in-house bio-informatic prediction technologies.
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Entourage
VC Fund · Ghent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Impact startups

Entourage is a venture Studio and early stage VC that invests in early-stage B2B and SaaS sectors.

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Investment focus

  • Industry: B2B, Analytics
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Dealcar — DEALCAR is a company that digitalizes the used car market through a SaaS platform, enabling fully digital transactions. This platform creates a network effect benefiting dealers, partners, and customers. • Dealers: Increase revenue by selling extra products and boost sales by reducing turnover time. • Partners: Distribute products at the pointof sale without marketing expenses, lowering operational costs. • Consumers: Purchase a used car easily in just three steps, enjoying a smooth, trusted process similar to renting but with the benefits of owning a car.
  • Karomia — Karomia is an efficient and engaging B2B SaaS solution supporting sustainability officers in conducting a Double Materiality Assessment (DMA) of their organization, as part of their ESG report.
  • Warren — Enabling wealth, Boosting welfare
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Spri
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Belgium Impact startups

SPRI is a basque business development agency.

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Investment focus

  • Industry: Real Time, Automotive, Clean Energy
  • Stage:Seed
  • Geography: Spain

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Emica Solar — Emica Solar is a company which develops the floating solar energy.
  • Safeloc Systems — Safeloc Systems is a developer of a real-time location system solution (RTLS) to provide ultra-wideband (UWB) technology services.
  • Cocoon Bioscience — Cocoon Bioscience helps catalyze the expansion of bottlenecked industries like cultivated meat by manufacturing performance and growth factors and specialized enzymes for individual protein, nutrition, and healthcare applications.
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Lune Ventures
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Impact startups

Lune Ventures is a investment firm that helps tech, energy, and real estate to grow businesess.

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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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Seed Capital Bizkaia
VC Fund · Bilbao, Pais Vasco, Spain · 1 investments in Belgium Impact startups

Seed Capital de Bizkaia is a Regional Council company affiliated to Biscay Regional Council's Department of Economic Development and Innovation (Departamento de Innovación y Promoción Económica de la Diputación Foral de Bizkaia) whose aim is to manage a Venture Capital Fund called “Seed Capital Bizkaia, F.C.R.“.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Seed, Series A
  • Geography: Spain, Mexico, Belgium

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • coometes — coometes offer social institutions a comprehensive solution for managing food aid and basic necessities for vulnerable persons.
  • Begas Motor — Begas has designed and manufactures the first engine for industrial vehicles powered 100% by LPG (Liquefied Petroleum Gas or AUTOGAS). Ability to remotorize vehicles and make them ecological with Euro VI certificate.
  • Emica Solar — Emica Solar is a company which develops the floating solar energy.
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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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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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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, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $82k–$2.1M; Series A $411k–$14M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

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

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

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: Fashion, Textiles, CleanTech
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% 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.
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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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Impact Investor funding in Belgium at a glance

Stats across 91 deals from 139 investors.

139
investors
in Belgium Impact startups
91
deals
in Belgium Impact startups
$2.9M
median round
in Belgium Impact startups
39%
lead investors
lead at least one round
26%
Seed
most common funding stage
96/4
VC / Angel
share of investor count

Access all 139 investors in Belgium Impact startups.

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